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    Wentworth Resources Limited  304  0 Kommentare Update on Tembo-1 Drilling Operations

       

    PRESS RELEASE
    30 October 2014

    Wentworth Resources Limited

    ("Wentworth" or the "Company")

    Update on Tembo-1 Drilling Operations

    Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, announces an update of exploration drilling operations in the Rovuma Onshore Concession in northern Mozambique.

    Further to previous shareholder communications on June 20, 2014 and August 19, 2014, the Tembo-1 exploration well has reached a depth of approximately 2,965 meters in Cretaceous age rocks. The well is programmed to be drilled to the Jurassic at a total depth of 4,397 meters (4,250 meters True Vertical Depth Sub Sea).  Drilling operations are expected to continue through the month of November.  It is important to note that, as this is a frontier well, it is difficult to predict how long drilling operations will take. We remain a tight hole on Tembo-1 and still plan to announce results once drilling operations have been fully completed.

    Following completion of drilling the Tembo-1 exploration well, the drilling rig will be mobilized to the northern section of the Onshore Rovuma Block and commence drilling a second exploration well, Kifaru-1.   

    -Ends-

    Enquiries:     
    Wentworth Geoffrey Bury,
    Managing Director
    gpb@wentworthresources.com
    +1 403 993 4450
      Lance Mierendorf,
    Chief Financial Officer
    Katherine Roe,
    Head of Investor Relations & Corporate Communications

     
    lance.mierendorf@wentworthresources.com
    +1 403 680 8773
    katherine.roe@wentworthresources.com
    +44 7841 087 230
    Swedbank First Securities Broker(Norway) +47 23 23 80 00
      Ove Gusevik  
      Jarand Lønne

     
     
    Crux Kommunikasjon Investor Relations Adviser
    (Norway)
     
      Jan Petter Stiff +47 99 51 38 91
      Carl Christian Bachke

     
    +47 90 98 08 48
    Panmure Gordon AIM Nominated Adviser and Broker (UK) +44 (0) 20 7886 2500
      Dominic Morley
    Adam James
     
      Tom Salvesen
    Duncan Monteith
     
    FirstEnergy Capital Broker (UK) +44 (0) 20 7448 0200
      Majid Shafiq  
      Travis Inlow

     
     
    Investec Broker (UK) +44 (0) 20 7597 4000
      Chris Sim

     
     
    Instinctif Partners Investor Relations Adviser (UK) +44 (0) 20 7457 2020
      Catherine Wickman  
      Harry Cameron  
         

    About Wentworth Resources
    Wentworth Resources is a publicly traded (OSE:WRL, AIM:WRL), independent oil & gas company with: natural gas production; midstream assets; a committed exploration and appraisal drilling programme; and large-scale gas monetisation opportunities, all in the Rovuma Delta Basin of coastal southern Tanzania and northern Mozambique.

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    Wentworth Resources Limited Update on Tembo-1 Drilling Operations     PRESS RELEASE30 October 2014 Wentworth Resources Limited ("Wentworth" or the "Company") Update on Tembo-1 Drilling Operations Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & …