PRESS RELEASE
1 August 2018
WENTWORTH RESOURCES LIMITED
("Wentworth" or the "Company")
Shareholder Update and Conference Call
Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, will be hosting an investor meeting which will be held at the offices of SpareBank 1 Markets AS, Olav V's Gate 5 - 0161 Oslo, Norway) at 1:00pm CEST / 12:00pm BST on Wednesday 8 August 2018.
This meeting will provide investors with an opportunity to meet the Company's new CEO Eskil Jersing, Chairman Bob McBean and CFO Katherine Roe, and for the Company to answer any questions from Norwegian shareholders in regards to the Companies activities and planned delisting from the Oslo Stock Exchange. Representatives from the Company's legal counsel, Thommessen AS, and the Company's Registrar, Nordea Bank AB, will also be in attendance at the meeting to help assist with any queries.
Ahead of the meeting, the Company has provided some further details for Norwegian shareholders regarding the future trading of their shares which can be found appended to this announcement and also published on the Frequently Asked Questions page under the Investors section of the corporate website, later today.
Please register your interest to attend by Monday 6 August 2018 by emailing the Company at wentworth@fticonsulting.com. Those investors, who are unable to attend in-person, will be able to dial into the meeting and ask questions using the details provided below. If you would like to register any questions ahead of the meeting, please send them in an email to the address above.
Dial in details for the shareholder meeting:
| Participant dial-in: | |
| Norway (toll-free) | 800 621 96 |
| Norway | +47 23500243 |
| UK (toll-free) | 0800 358 9473 |
| UK | +44 333 300 0804 |
| Participant Pin: | 54691872# |
-Ends-
| Enquiries: Wentworth | Bob McBean, Executive Chairman | rpm@wentworthresources.com |
| Eskil Jersing, Chief Executive Officer | eskil.jersing@wentworthresources.com +44 7717 847623 | |
| Katherine Roe, Chief Financial Officer | katherine.roe@wentworthresources.com +44 7841 087 230 | |
| Stifel Nicolaus Europe Limited | AIM Nominated Adviser and Broker (UK) Callum Stewart Ashton Clanfield | +44 (0) 20 7710 7600 |
| GMP FirstEnergy | Broker (UK) Hugh Sanderson Jonathan Wright | +44 (0) 20 7448 0200 |
| Peel Hunt LLP | Broker (UK) Richard Crichton Ross Allister | +44 (0) 20 7418 8900 |
| FTI Consulting | Communications Adviser (UK) Sara Powell Molly Stewart | wentworth@fticonsulting.com +44 (0) 20 3727 1000 |
About Wentworth Resources
Wentworth Resources is a publicly traded (OSE: WRL, AIM: WRL), independent oil & gas company with: natural gas production; exploration and appraisal opportunities; and large-scale gas monetisation initiatives, all in the Rovuma Delta Basin of coastal southern Tanzania and northern Mozambique.
Inside Information
The information contained within this announcement is deemed by Wentworth to constitute inside information as stipulated under the Market Abuse Regulation (EU) no. 596/2014 ("MAR"). On the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
Cautionary note regarding forward-looking statements
This press release may contain certain forward-looking information. The words "expect", "anticipate", believe", "estimate", "may", "will", "should", "intend", "forecast", "plan", and similar expressions are used to identify forward looking information.
The forward-looking statements contained in this press release are based on management's beliefs, estimates and opinions on the date the statements are made in light of management's experience, current conditions and expected future development in the areas in which Wentworth is currently active and other factors management believes are appropriate in the circumstances. Wentworth undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless required by applicable law.
Readers are cautioned not to place undue reliance on forward-looking information. By their nature, forward-looking statements are subject to numerous assumptions, risks and uncertainties that contribute to the possibility that the predicted outcome will not occur, including some of which are beyond Wentworth's control. These assumptions and risks include, but are not limited to: the risks associated with the oil and gas industry in general such as operational risks in exploration, development and production, delays or changes in plans with respect to exploration or development projects or capital expenditures, the imprecision of resource and reserve estimates, assumptions regarding the timing and costs relating to production and development as well as the availability and price of labour and equipment, volatility of and assumptions regarding commodity prices and exchange rates, marketing and transportation risks, environmental risks, competition, the ability to access sufficient capital from internal and external sources and changes in applicable law. Additionally, there are economic, political, social and other risks inherent in carrying on business in Tanzania and Mozambique. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. See Wentworth's Management's Discussion and Analysis for the year ended December 31, 2017, available on Wentworth's website, for further description of the risks and uncertainties associated with Wentworth's business.
Notice
Neither the Oslo Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed this press release and neither accepts responsibility for the adequacy or accuracy of this press release.
