5 December 2022 - takeover offer
The AIM-listed natural gas production company which has its operations in Tanzania has announced that it is recommending a cash offer for the company which is worth 32p per share. The acquirer is Etablissements Maurel & Prom S. A. (M&P), an independent oil and gas company publicly listed on the Euronext Exchange in Paris. The latter is the majority owner and operator of Wentworth's main asset, a 32% stake in the Mnazi Bay gas asset in Tanzania. Thus, M&P is fully aware of the assets it is acquiring, whilst . . .
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