Wentworth Resources reported that gross production volumes at the Mnazi Bay gas field in Tanzania hit their highest monthly levels ever in February. Production averaged 80 MMcf/D during the month, compared with a 62.2 MMcf/D average in last year’s fourth quarter. Industry analysts at GMP FirstEnergy said the market had reacted positively to Wentworth’s update and that the company is likely to produce at least toward the high end of its gross guidance estimate of 65 MMcf/D to 75 MMcf/D at the field for 2018.
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