New Mozambique Deepwater Discovery
(Thomson Reuters ONE) -
Wentworth Resources Limited ("the Company" or "Wentworth", OSX:WRL) an oil and
gas company listed on the Oslo Stock Exchange, is pleased to announce a natural
gas discovery at the Barquentine exploration well, offshore Mozambique.
Barquentine is the fourth well in the offshore programme operated by Anadarko
Petroleum Corporation ("Anadarko"), in the frontier Rovuma Basin Area 1 Offshore
Mozambique (where Wentworth is entitled to receive an Overriding Royalty
Interest of approx. 0.42% of Profit Petroleum).
"The Barquentine discovery follows on Anadarko's earlier success with the
Windjammer well and we are pleased to have a financial interest in the outcome
of this major exploration programme. Our interest is free of any financial
obligation and we are looking forward to Anadarko's continued success", said
Wentworth Chairman & CEO, Robert McBean.
The full text of Anadarko's release is copied below:
"ANADARKO ANNOUNCES ANOTHER DISCOVERY OFFSHORE MOZAMBIQUE"
HOUSTON, Oct. 19, 2010 - Anadarko Petroleum Corporation (NYSE: APC) today
announced that the Barquentine exploration well in the Offshore Area 1 of
Mozambique's Rovuma Basin encountered a total of more than 416 net feet of
natural gas pay in multiple high-quality sands. Specifically, the discovery well
encountered more than 308 net feet of pay in two Oligocene sands that are
separate and distinct geologic features, but age-equivalent to those encountered
in Anadarko's previously announced Windjammer discovery. The well also found an
additional 108 net feet of gas pay in the Paleocene sands, and the seismic data
indicates this deeper pay section is contiguous and appears to be connected to
the 75 net feet of pay encountered at the Windjammer discovery, located 2 miles
to the southwest.
"With the Windjammer, and now Barquentine discoveries, we have identified a
substantial natural gas resource and proven that two distinct trap styles are
working in this region of the Rovuma Basin, which is very positive for our
ongoing exploration program," Anadarko Sr. Vice President, Worldwide Exploration
Bob Daniels said. "Based on the high-quality resource and sands encountered to
date in both the Barquentine and Windjammer exploration wells, we have begun
designing an appraisal program that will better delineate the areal extent of
this large accumulation.
"These successful exploration wells in this frontier basin are exciting for the
people of Mozambique and for our partnership," said Daniels. "We look forward to
working with the Government of Mozambique as we carry out our appraisal activity
in this area and evaluate potential commercialization options."
The Barquentine exploration well was drilled to a total depth of approximately
16,880 feet, in water depths of approximately 5,200 feet. Once operations are
complete at Barquentine, the partnership plans to mobilize the Belford Dolphin
drillship approximately 16 miles to the south to drill the Lagosta exploration
well, also located in the Offshore Area 1 of the Rovuma Basin. Anadarko
currently holds more than 2.6 million acres in the basin where it has identified
more than 50 prospects and leads.
Anadarko is the operator with a 36.5-percent working interest in the Offshore
Area 1. Coowners in the area are Mitsui E&P Mozambique Area 1, Limited (20
percent), BPRL Ventures Mozambique B.V. (10 percent), Videocon Mozambique Rovuma
1 Limited (10 percent) and Cove Energy Mozambique Rovuma Offshore, Ltd. (8.5
percent). Empresa Nacional de Hidrocarbonetos, ep's 15-percent interest is
carried through the exploration phase.
A map of Anadarko's position in the Offshore Area 1 of the Rovuma Basin and the
Barquentine discovery will be available under the "Media Center/Anadarko News"
tab at www.anadarko.com."
Anadarko Petroleum Corporation's mission is to deliver a competitive and
sustainable rate of return to shareholders by exploring for, acquiring and
developing oil and natural gas resources vital to the world's health and
welfare. As of year-end 2009, the company had approximately 2.3 billion barrels-
equivalent of proved reserves, making it one of the world's largest independent
exploration and production companies.
For more information about Anadarko, please visit www.anadarko.com.
For more information please contact:
Robert "Bob" McBean
Chairman & CEO
rpm(at)wentworthresources.com
Eric Fore
Finance, Investor & Public Relations
etf(at)wentworthresources.com
or
Per Arne Totland
Axxept (Public Relations)
totland(at)axxept.no
+47 90 02 1900
Or visit our website at www.wentworthresources.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1453306]
News Release:
http://hugin.info/136496/R/1453306/393867.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Wentworth Resources Limited via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 20.10.2010 - 07:00 Uhr
Sprache: Deutsch
News-ID 45910
Anzahl Zeichen: 0
contact information:
Town:
Calgary, Alberta
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 213 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"New Mozambique Deepwater Discovery"
steht unter der journalistisch-redaktionellen Verantwortung von
Wentworth Resources Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
