Tembo-1 Appraisal well Drilling planned for in 2018

Rovuma onshore block operator Wentworth Resources has said it plans to drill Tembo-1 appraisal well in 2018 in the latest operational update. According to Wentworth Resources the reprocessing of approx. … Read More

Wentworth Resources raises $7.6 million to finance Tanzania’s Mnazi Bay developments

Wentworth Resources has announced that it has successfully raised gross proceeds of USD 7.6 million (GBP 4.9 million, NOK 59.7 million) with institutional investors and certain Directors and members of … Read More

Wentworth Resources gets $5.6m credit facility to finance ongoing Mnazi Bay Concession development

Wentworth Resources has announced that the Company has subsequently drawn an amount of $5.6 million on an existing $20 million credit facility with a Tanzania-based bank, TIB Development Bank Limited. … Read More

Wentworth Resources to earn $140 million in Tanzania’s LNG project by 2019

Wentworth Resources projects it will make $20 million for first full year and $140 million over first 5 years of production net of operating and on-going development costs according to … Read More

2D seismic on Tanzania’s Mnazi Bay Concession set to be complete in Q3

[twitter-follow screen_name=’oilnewskenya’] The acquisition of 315km of conventional 2D onshore seismic data over the prospective areas of the Mnazi Bay Concession Tanzania is on program and is expected to be … Read More