Wentworth Upgrades East Africa Gas Resources
Wentworth Resources has announced the results of an independent technical evaluation of the Rovuma Onshore License in Mozambique and the Mnazi Bay Concession in Tanzania respectively, carried out by RPS Energy, Calgary, Canada.
HEADLINE RESULTS:
- Potential oil play within the Tembo prospect in the Rovuma Onshore License: 1,205 MMstb gross undiscovered mean Oil-in-Place
- 81% increase from 6.3 Tcf to 11.4 Tcf gross discovered and undiscovered mean Gas Initially-in-Place for the Rovuma Onshore License and Mnazi Bay Concession areas combined
- 7 prospects identified and evaluated in the Rovuma Onshore License (operated by Anadarko) and 6 prospects identified and evaluated in the Mnazi Bay Concession (operated by Maurel et Prom)
Rovuma Onshore License, Mozambique
Under All Prospects as Gas Scenario
- An increase in net mean prospective (unrisked) gas resources from 177 Bscf to 550 Bscf, an increase of 211%
- An increase in net P10 prospective (unrisked) gas resources from 315 Bscf to 825 Bscf, an increase of 162%
Under Tembo Prospect Oil Scenario
- Tembo prospect identified as potentially oil-bearing and scheduled to be first prospect to be drilled in Mozambique
- An increase in net mean prospective (unrisked) gas resources from 177 Bscf to 375 Bscf plus 32 MMstb oil
- An increase in net P10 prospective (unrisked) gas resources from 315 Bscf to 513 Bscf plus 90 MMstb oil
Mnazi Bay PSA, Tanzania
- Net mean contingent gas resources maintained at 266 Bscf while net mean prospective (unrisked) gas resources decreased from 823 Bscf to 637 Bscf due to the uncommercial hydrocarbons encountered in the Ziwani-1 well in 2012
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