Companies & Finance

Wentworth on track to sell Moz gas block share

Wentworth Resources is on schedule to sell an 85% stake in the onshore Tembo gas block in northern Mozambique.
By Staff reporter 14 September 2017 0 27574

Canadian independent explorer Wentworth Resources is on schedule to sell an 85% stake in the onshore Tembo gas block in northern Mozambique, the company announced in a corporate presentation this week.

Wentworth has met potential buyers and follow-up meetings to share data will be arranged.

Wentworth has said the prospective resource estimate for the block is around 48 billion cubic metres of gas.

The company plans to drill a second appraisal well in 2018.

Wentworth has still not decided how to monetise the gas from...