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Wentworth Provides Payment update

Source: www.gulfoilandgas.com 6/1/2018, Location: Africa

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Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, provides an update to shareholders.

The Company is pleased to inform shareholders that payments received during May 2018 for gas sales generated from the Mnazi Bay Concession in Tanzania totalled $2.7 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 and two month's gas sales respectively.

The Company is also pleased to report that gross production volumes during May 2018 from the Mnazi Bay gas field averaged 79 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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