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    Tanzania Catches Up with Wentworth Payments

Summary

Wentworth has now been fully paid for gas deliveries to Tanzania Petroleum Development Corporation and Tanzania Electric Supply Company, it said August 17.

by: William Powell

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Natural Gas & LNG News, Africa, Corporate, Exploration & Production, Political, News By Country, Tanzania

Tanzania Catches Up with Wentworth Payments

Gas producer Wentworth has now been fully paid for gas deliveries to Tanzania Petroleum Development Corporation and Tanzania Electric Supply Company, it said in a stock exchange statement August 17.

The payments total $1.9mn net to Wentworth for June 2017 ($1.7mn) and October 2016 ($0.2mn) gas sales invoices, it said. "Wentworth also confirms that all principal and interest payments currently due on the Company's medium-term credit facilities are now fully settled. The next principal payment of $1mn is due in December 2017."

Wentworth reported disappointing Q2 results August 10, citing delayed payments for gas deliveries as a contributing factor.

 

William Powell