Our Story

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 have been exploring the very large Rovuma basin onshore block in NE Mozambique, inboard of world class LNG projects offshore, though as of 17 December 2018 have decided to exit the Tembo appraisal licence, due insufficient commercial/monetisation options for our Tembo-1 gas discovery.

We have a strong Institutional shareholder roster, in addition to a substantive Norwegian and UK based retail investor base.

We are a recently re-domiciled UK company, with a refreshed leadership team, having previously been headquartered in Calgary, Canada.

We readmitted to AIM on 2 November 2018 and will complete our de-listing from the Oslo Bors on 14 February 2019.

The move to the UK has provided a simpler, cost-effective corporate structure and M&A led transactional platform from which we materially can grow the Company in 2019.

A highly experienced UK Management team and Board is in place, in addition to strong and long-established teams with an upstream/midstream project delivery track record, based in Reading, Dar es Salaam and Maputo (until June 2019).

Our culture is focused on a flat, open, communicative and respectful, relationship driven approach.

We seek to empower all our team to deliver to a common set of Corporate goals and objectives with a focus on sustainable, decisive and tangible value accretion activities.

 

Wentworth Timeline


Timeline

Timeline
2019
January 1

2019

  • June-19 Rovuma onshore Appraisal licence relinquishment
  • Feb-19 Oslo Bors delisting effective
2018
January 1

2018

  • Average gas production at Mnazi Bay YTD: 81 mmscf/day
  • Production demand increased by 170% since 2017
  • Upgrade of surface infrastructure at Mnazi Bay
  • One year extension of Rovuma Onshore Appraisal Licence received from INP
  • Entered negotiations with TPDC for realization of:
    • Commercial Operations Date (COD) of GSA
    • Extension of Development License (PSA)
    • Reduced Gas Delivery Pressure
  • Transition of Management team from Calgary to UK
  • Redomiciled Wentworth Head Office from Calgary, Canada to Reading, United Kingdom.
  • Re-listed on London Stock Exchange (AIM); de-list submission to Oslo Bors
2017
January 1

2017

  • Average gas production at Mnazi Bay: 49 mmscf/day
  • Upgrade of surface infrastructure at Mnazi Bay continues
  • Kinyerezi 2 Power Station comes on stream adding 35 mmscf/day to demand Dec 2017
2016
January 1

2016

  • Average gas production at Mnazi Bay: 43 mmscf/day
  • Appraisal License for Rovuma Onshore Block approved by INP. Wentworth operator with 85% PI
  • Upgrade of surface infrastructure at Mnazi Bay:
    • Increase capacity from 10mmscf/d to 140 mmscf/day
    • Interconnect all producing wells to GPF
    • Install revenue quality gas metering station
    • Install waste water management system
2015
January 1

2015

  • Drilled 2nd Exploration well in the Rovuma Onshore Block: Kifaru
  • Drilled successful production well in Mnazi Bay Block: MB-4 Well
  • Signed Mnazi Bay GSA with Ministry of Energy, Tanzania and TPDC
  • Wentworth apply for Appraisal License of Tembo Discovery
  • First Gas into the TPDC operated National Natural Gas Pipeline (Mtwara-Dar es Salaam)
2014
January 1

2014

  • 2D High Resolution Seismic 281 Km Acquisition & Interpretation
  • Streamlined Corporate Structure and closed Tanzanian and Jersey holding and affiliate companies
  • Drilled Tembo Exploration well onshore Rovuma Basin (Technical Gas discovery)
2013
January 1

2013

  • 225 Km² 3D Seismic  Acquisition & Interpretation over Mnazi Bay
  • Negotiations commence for a Gas Sale Agreement with TPDC and Ministry of Energy (MoE)
  • TPDC construct National Natural Gas Pipeline from Mtwara to Dar es Salaam (36” x 550kms)
  • 2004-2010 Cost Pool Audit and Verification with TPDC for Mnazi Bay Operations
2012
January 1

2012

  • Sale of Power Station at Mtwara to TANESCO
  • Wentworth buys Cove Participation Interest (PI) in Mnazi Bay Block ( to 32%) and Rovuma Onshore Block (to 15%)
  • 225 Km² 3D Seismic  Acquisition & Interpretation over Mnazi Bay
2011
January 1

2011

  • Close Umoja Light Company and hand transmission and distribution franchise back to TANESCO
  • Drilled Ziwani Exploration onshore Well near Mtwara
  • Signed MoU with TPDC for construction of a Methanol Plant at Mtwara
2010
January 1

2010

  • Reverse take-over of Artumas by Wentworth Resources Ltd.
  • Extended 33 KV grid to supply Madimba and Msimbati.
2009
January 1

2009

  • Operated the Mtwara Energy Project (MEP) providing electricity  to 6 major towns in the Mtwara region
  • Farm-out Mnazi Bay to M&P and Cove Energy
  • Farm-out of Rovuma Onshore Block to Anadarko, Maurel & Prom (M&P) and Cove Energy
  • Drilled Mocimboa Exploration Well in Rovuma Onshore Block in Mozambique
2008
January 1

2008

  • Seismic Campaign in Rovuma Basin: 2D and 3D (181 Km²) Seismic Acquisition & Interpretation
  • Signed MEP Agreement with Ministry of Energy for vertically integrated electric power supply to Mtwara Region including Gas supply, Electricity Generation, Transmission and Distribution.
  • Built out 33kV electricity network from Mtwara to connect major towns in the region
2007
January 1

2007

  • Commissioned Mtwara Power Plant
  • Signed Power Purchase Agreement (PPA) with TANESCO
  • Drilled MS-1X gas discovery
2006
January 1

2006

  • Drilled 2 successful wells in Mnazi Bay Block: MB-2, MB-3
  • Signed and concluded Development License for Mnazi Bay Block with Ministry of Energy, Tanzania
  • Constructed
    • Gas Processing Facility (GPF) at Msimbati,
    • Mnazi Bay – 28km 8″ Mtwara Pipeline
    • Gas Receiving Facility (GRF)
    • 18 MW Gas-fired Power Plant in Mtwara
  • Signed Joint Operating Agreement (JOA) granting TPDC 20% carried interest
2005
January 1

2005

  • Successful re-entering of Mnazi Bay MB-1 discovery well drilled by AGIP in 1982
  • Construction of the Mnazi Bay Camp Facilities and jetty
2004
January 1

2004

  • Mnazi Bay Production Sharing Agreement (PSA) signed with Tanzania Petroleum Development Corporation (TPDC)
  • 3D Marine 288.5 Km² and 2D Land seismic 90 Km acquisition
2003
January 1

2003

MoU with Ministry of Energy (MOE), Tanzania, for Mtwara Energy Project (MEP)

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