Our home is East Africa, primarily Tanzania, the location of our core operations since 2004.
Our primary asset – the Mnazi Bay concession – sits in the Mtwara region of Southern Tanzania. We started production at the site in 2004 and hold a non-operated participation interest of 31.94% for production and 39.925% for exploration, respectively.
While our operations are in Tanzania, we are listed on the London AIM market (AIM: WEN) – to secure our domestic operations with access to retail and institutional investment.
An African focus
With a young and rapidly growing population (2.7% YoY) and an annual GDP growth rate of approximately 2.8%, the opportunities presented by Africa are enormous. Despite the pandemic, Sub Saharan Africa – the location of our operational activities – saw an impressive annual GDP growth of 1.8% in 2020.
Our Mnazi Bay asset is one of only two onshore producing natural gas fields in Tanzania. Our gas is transported across the country via the National Natural Gas Infrastructure Pipeline (NNGI), the largest natural gas infrastructure in East Africa.