Successful Appraisal Well Offshore Mozambique

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 by clicking here.

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."

Source: CisionWire