TPDC Authorizes Payments

Wednesday, April 4, 2018

Wentworth continues to see payments made from Tanzania’s state-run TPDC. The state-run firm authorized payment for gas sales generated from the Mnazi Bay Concession in Tanzania of $3.1 million net to Wentworth, with funds expected to be received shortly.

Wentworthalso reported that gross production volumes during March 2018 from the Mnazi Bay gas field averaged 83 Mmscf/d, the highest monthly volumes achieved from the field to date, continuing the strong production reported for February 2018. The company will provide a further update at the beginning of May 2018, in line with monthly updates.

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