Wentworth Resources Limited
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.
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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 |
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Swedbank First Securities | Broker(Norway) | +47 23 23 80 00 |
Ove Gusevik | ||
Jarand Lønne |
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Crux Kommunikasjon |
Investor Relations Adviser (Norway) |
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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 |
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Tom Salvesen Duncan Monteith |
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FirstEnergy Capital | Broker (UK) | +44 (0) 20 7448 0200 |
Majid Shafiq | ||
Travis Inlow |
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Investec | Broker (UK) | +44 (0) 20 7597 4000 |
Chris Sim |
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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.