Successful Appraisal Well Offshore Mozambique
(Thomson Reuters ONE) -
Wentworth Resources Limited (OSE: WRL)
Wentworth Resources Limited ("Wentworth" or "the Company"), an independent oil
and gas company focused in East Africa, is delighted to note the announcement by
Anadarko Petroleum Corporation ("Anadarko"), the Operator of the Rovuma Offshore
Area 1 block regarding the successful Barquentine-2 appraisal well.
Barquentine-2, situated in the Windjammer, Barquentine and Lagosta complex, is
the first appraisal well in the offshore programme. Wentworth has a 4.95%
overriding royalty interest in Cove Energy's 8.5% pro rata share of profit
petroleum in Rovuma Offshore Area 1, Offshore Mozambique.
Highlights:
· The Barquentine-2 appraisal well encountered more than 230 net feet
(70 meters) of natural gas pay in high-quality Oligocene-age reservoirs
· Barquentine-2 appraisal well was drilled to a total depth of
approximately 13,500 feet (4,100 meters) in approximately 5,400 feet (1,650
meters) of water
· The results of the Barquentine-2 appraisal well, which is located
approximately 2 miles (3 km) east-southeast of the Barquentine-1 discovery well,
also indicated that the Oligocene reservoirs are in static pressure
communication between the wells
· The drillship is now being mobilized to the south to drill the Camarão
exploration well, which also will serve as an appraisal to the Windjammer
discovery
· A subsidiary of Anadarko and co-owners in the Offshore Area 1 have
awarded contracts to KBR and Technip to perform pre-FEED studies for an LNG
plant in Mozambique. The pre-FEED studies are designed to assess the viability
of developing an LNG facility to produce and process natural gas from the
region.
The other partners in the block are as follows; Anadarko, Operator, with a 36.5
% working interest. Co-owners in the area include Mitsui E&P Mozambique Area 1,
Limited (20%), BPRL Ventures Mozambique B.V. (10%), Videocon Mozambique Rovuma
1 Limited (10%) and Cove Energy Mozambique Rovuma Offshore, Ltd. (8.5%). Empresa
Nacional de Hidrocarbonetos, E.P.'s 15-percent interest is carried through the
exploration phase.
A map of recent and planned activity in the Offshore Area 1 is available on
Andarko's website under the "Media Center/Anadarko News" tab
athttp://www.anadarko.com/.
Bob McBean, Wentworth Executive Chairman commented:
"We are delighted with the results of the Barquentine-2 appraisal well. This is
the first appraisal well drilled on the block; further endorsing our confidence
that this area has the potential to be a world class gas accumulation.
Further major steps have also been achieved in the award of the pre-FEED work
for a prospective LNG plant and there is a significant ongoing exploration and
appraisal programme planned; from which we look forward to providing further
updates."
Enquiries:
Robert McBean, Chairman
rpm(at)wentworthresources.com
Eric Fore, Finance, Investor & Public Relations
etf(at)wentworthresources.com
Per Arne Totland
Axxept (Public Relations)
totland(at)axxept.no
+47 90 02 1900
Or visit our website at www.wentworthresources.com
FORWARD LOOKING STATEMENTS
This news release may contain forward-looking statements including expectations
of future production, cash flow and earnings. These statements are based on
current expectations that involve a number of risks and uncertainties, which
could cause actual results to differ from those anticipated. These risks
include, but are not limited to: the risks associated with the oil and gas
industry (e.g. operational risks in development, exploration and production;
delays or changes in plans with respect to exploration or development projects
or capital expenditures; the uncertainty of reserve estimates; the uncertainty
of estimates and projections relating to production, costs and expenses, and
health, safety potential delays or changes in plans with respect to exploration
or development projects or capital expenditures.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR
A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE
UNITED STATES. THESE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
LAWS AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS
UNLESS REGISTERED OR EXEMPT THEREFROM.
NOTICE
Oslo Bors has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release.
Press Release 2011 08 23:
http://hugin.info/136496/R/1540583/471032.pdf
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other applicable laws; and
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originality of the information contained therein.
Source: Wentworth Resources Limited via Thomson Reuters ONE
[HUG#1540583]
Unternehmensinformation / Kurzprofil:
Datum: 23.08.2011 - 17:15 Uhr
Sprache: Deutsch
News-ID 58468
Anzahl Zeichen: 6088
contact information:
Town:
Calgary, Alberta
Kategorie:
Business News
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