StockMarketWire.com - Wentworth Resources said it had achieved a formal signing of commercial operations date agreement, a key commercial milestone for the Mnazi Bay joint venture in Tanzania.

The agreement was signed in relation to all terms of a gas sales agreement inked back in 2014, which would now take effect.

The company's partners in the project are Tanzania Petroleum Development Corporation and Etablissements Maurel et Prom.

The agreement also included treatment of outstanding invoices in accordance with payment arrangements, such that any outstanding arrears were cleared by 30 June 2020.




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