Wentworth reveals payment update for gas sale in Tanzania

gas payWentworth has a strong operational base in East Africa. (Image source: anthony_goto/Flickr)Wentworth, the East Africa- focused oil and gas company, has informed to receive the payments during June 2018 for gas sales generated from the Mnazi Bay Concession in Tanzania, totalling US$3.1mn net to Wentworth

The company said this during providing an update to the shareholders.

Payments were received from both Tanzania Petroleum Development Corporation (TPDC) and Tanzania Electric Supply Company Limited (TANESCO) for one month’s gas sales to TPDC and one month’s gas sales to TANESCO.

Wentworth has also reported that the gross production volumes during June 2018 from the Mnazi Bay gas field averaged 87 mmscf per day.

Wentworth Resources is a publicly traded independent oil and gas company with natural gas production, exploration and appraisal opportunities and large-scale gas monetisation initiatives, all in the Rovuma Delta Basin of coastal southern Tanzania and northern Mozambique.

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