20th Jun 2014 10:06
LONDON (Alliance News) - Wentworth Resources Ltd Friday said drilling has begun on the Tembo-1 well in the Rovuma Onshore Concession in northern Mozambique, a well in which it has an 11.59% interest.
The Tembo-1 well is targeting mid-Cretaceous sands with secondary targets in the upper Jurassic, the East Africa-focused oil and gas company said in a statement. Tembo-1 has a planned total depth of 4,250 meters true vertical depth sub sea, and is expected to take between 60 and 90 days to complete.
The company said it will provide an update on the drilling operations once they are fully completed.
Tembo-1 is the first of two wells that Wentworth will participating in over the next six months at the concession.
To date there have been two wells drilled in the Rovuma Onshore Concession including the Mocimboa-1 well, which encountered oil and natural gas shows in the Cretaceous and is located approximately 17 kilometres to the northeast of the Tembo-1 well, the company said.
"The Tembo prospect is one of the larger prospects (on pre-drill estimates) to be drilled to date in the onshore Rovuma Basin region of East Africa. It is a high impact frontier well and, if successful, could add significant new oil or natural gas resources for Wentworth and open up an entirely new play fairway."
Wentworth Resources shares last traded at 47.25 pence a share.
By Steve McGrath; [email protected]; @SteveMcGrath1
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