Wentworth Resources plc (AIM-listed: WEN) is a leading, domestic natural gas producer in Tanzania with a core producing asset at Mnazi Bay in the onshore Rovuma Basin in Southern Tanzania. The demand base in-country is growing and with an ambitious universal energy access target set by the Government for 2030, Wentworth has a vital role to play in driving up access by ensuring a reliable, affordable and growing supply of natural gas into the local market. Following a new dividend policy launched in 2019, Wentworth is committed to responsible growth that maintains returns for shareholders. With revenues underpinned by long-term fixed price contracts, no debt and a limited work programme, Wentworth represents a resilient and sustainable investment opportunity for the near and longer-term.
Wentworth Resources plc (AIM-listed: WEN) is a leading, domestic natural gas producer in Tanzania with a core producing asset at Mnazi Bay in the onshore Rovuma Basin in Southern Tanzania. The demand base in-country is growing and with an ambitious universal energy access target set by the Government for 2030, Wentworth has a vital role to play in driving up access by ensuring a reliable, affordable and growing supply of natural gas into the local market. Following a new dividend policy launched in 2019, Wentworth is committed to responsible growth that maintains returns for shareholders. With revenues underpinned by long-term fixed price contracts, no debt and a limited work programme, Wentworth represents a resilient and sustainable investment opportunity for the near and longer-term.
Company Information
- Industry
- Company Type
- Public Company
- Founded
- 2010
- Employee Range
- 1-10
- Revenue Range
- Not available
Location
- Address
- 30 Portland Place England London
- City
- London
- Region
- Greater London
- Postal Code
- W1B 1LZ
- Country
- United Kingdom