3rd Oct 2018 12:02
LONDON (Alliance News) - Wentworth Resources Ltd said Wednesday it received payment of USD3.2 million in September for gas sales from the Mnazi Bay concession in Tanzania.
Payments were received for one month's gas from both Tanzania Petroleum Development Corp and Tanzania Electric Supply Company Ltd.
Wentworth added that gross production volumes in September at the Mnazi Bay gas field averaged 83.2 million standard cubic feet per day.
The company also said it started a "detailed" re-evaluation of its Tembo discovery in north-eastern Mozambique.
The in-house study suggested the block "likely" has in-place gross volumes of about 87 billions of standard cubic feet of gas with recoverable volumes of about 61 billions of standard cubic feet of gas.
Wentworth Resources has also decided to de-list from the Oslo Stock Exchange.
Shares in Wentworth were down 5.2% Wednesday at 23.00 pence each.
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