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The United Republic of Tanzania

Petroleum Upstream Regulatory Authority

Petroleum Upstream Regulatory Authority

Mnazibay


OPERATOR:

M&P Exploration and Production Tz Ltd – 48.06% interest

OTHER CONTRACTING PARTIES:

  • Wentwoth Resources - 31.94%
  • TPDC - 20%

License Area Size:

737.31 sq.km

PSA Signed Date:

18th May 2004

Effective Date (Initial Period):

5th June 2004

First Exploration License:

N/A

Second Exploration License:

N/A

Current License Period:

Development License

Current License Effective Date:

26th October 2006

License Expire Date:

25th October 2031

STATUS OF OPERATION

TPDC and the Contractor continue producing natural gas from the mnazibay gas field.

CURRENT STATUS

Natural Gas Production in progress.

FISCAL TERMS

  • Royalty: 12.5%
  • Income Tax: 30%
  • Withholding Tax: Varies

SURFACE RENTAL

  • Initial Period – USD 4/sq.km
  • First Extension Period – USD 8/sq.km
  • Second Extension Period – USD 16/sq.km
  • Development License -Established as per plan