Wentworth Resources granted extension of Rovuma asset in Mozambique

LONDON -- Wentworth, the independent, East Africa-focused oil & gas company, announced an update to the Company’s onshore Rovuma asset in Mozambique (Appraisal License).

Further to the update at the time of the 2017 Annual Financial Statements in March, regarding the Company’s formal request of a one-year extension of the Appraisal License, the Company has received confirmation from Instituto Nacional de Petroleo (INP) that the extension has been granted. The extension will take effect from June 16, 2018, and enables Wentworth, along with its partner Empresa Nacional de Hidrocarbonetos (ENH), to continue to progress pre-drilling activities in the Tembo Block.

The extension request was in part related to the above ground security situation in and around the Macimboa da Praia and Palma regions, adjacent to the Tembo Block, which remain challenging. This has prevented safe access to the area for Wentworth staff and contractors. The Company says it continues to monitor the situation closely.