Wentworth’s two principal assets are the Mnazi Bay Concession in Tanzania and the Rovuma Onshore Block in Mozambique where the Company holds participation interests of 31.94% (non-operated) and 85.00 percent (operator), respectively.
In Tanzania, average gross production from 5 existing wells is approximately 80-90 MMscf/day to meet the surging gas demand in country.
Wentworth Resources is publicly-traded on Oslo Bors (OSE: WRL) and AIM on the London Stock Exchange (AIM: WRL). This page contains links to announcements, presentations and financial reports and details of corporate governance matters.
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Our strategy is to grow the Company beyond our current asset base and deliver shareholder value through asset; free cash flow and net income growth; and ultimately dividends or capital appreciation.
We intend to do this through a focused M&A mandate which primarily looks to leverage our differentiated capabilities, simpler Corporate platform and Tanzanian/Mozambican platform.
Our Tanzanian Mnazi Bay core asset is a low cost, onshore producing gas asset with material running room, and is the pre-eminent gas to power supplier in a demand hungry landscape. In addition, we are also exploring a very large Rovuma basin onshore block in NE Mozambique, inboard of World class LNG projects offshore.
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