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Wentworth Provides Payment Update

Source: www.gulfoilandgas.com 9/3/2018, Location: Africa

Wentworth is pleased to inform shareholders that payments received during August 2018 for gas sales generated from the Mnazi Bay Concession in Tanzania totalled $3.4 million net to Wentworth. 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 two months' gas sales to Tanesco.

The Company is also pleased to report that gross production volumes during August 2018 from the Mnazi Bay gas field averaged 87.9 MMscf/d.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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