By Sa’ad Bashir, East Africa Correspondent
Wentworth Resources says that the drilling of an appraisal well on the Tembo structure depends on its finding a farm in partner to bear the cost.
The AIM and Oslo listed explorer made a gas discovery, Tembo 1, in cretaceous sands in the 2,500 km2 Tembo Block, onshore Mozambique, in December 2014 and an oil and gas bearing show in a deeper reservoir. Wentworth is hoping to encounter oil in a down dip, thicker section of that deeper reservoir.
With 85% operatorship, it has been hoping to farm down.
“The Company is now working on advancing a farm-out process with a view to securing an industry partner to jointly drill an appraisal well in 2018”, Wentworth says in a release.
Wentworth is working on 1,000 km of existing seismic data is complete, interpretation is being finalized and results from the Tembo-1 discovery well have been fully analyzed. We will update the market as material developments on this asset occur.