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 also been exploring a very large Rovuma basin onshore block in NE Mozambique, inboard of world class LNG projects offshore.

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

We are a newly 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 are also in the process of de-listing from the Oslo Bors.

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

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.

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
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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