QuickView: Company snapshot
Wentworth Resources is an AIM-listed East African oil & gas company about to begin production and sales from its key Tanzanian gas development, Mnazi Bay. Production is expected to start by Q315, with the five successful wells drilled in the field expected to deliver 80mmcf/d in initial output, rising to a plateau rate of 130mmcf/d by 2016. Longer term, Wentworth expects to discover reserves to support continued growth in production from Mnazi Bay, along with further exploration, highlighting 1.5tcf in exploration potential across six prospects.Wentworth Resources is engaged in the production and exploration of oil and natural gas in East-Africa. Co. is involved in developing commercial opportunities for the identified hydrocarbon resources, including Methanol, Ammonia, Urea and electricity generation. Co. operates three segments including Tanzania Oil and Gas; Tanzania Power; and Mozambique Oil and Gas. Oil and Gas operations include the exploration, development, production and transportation of natural gas and other hydrocarbons. The Power segment includes the production and distribution of electricity in Tanzania.
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