29 March 2024
UK’s Cove Energy sells Tanzanian assets
Publication date: 31 January 2012
Gas Strategies Group
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UK-based Cove Energy has reached an agreement to sell its interest in Tanzania’s Mnazi Bay concession to Wentworth Resources, an oil and gas explorer focused on operations in east Africa, valuing the total deal at $38.8 million. Cove said the agreement is an important move strategically, in view of its decision in January to put itself up for sale.