| PRESS RELEASE | 14 February 2019 |
WENTWORTH RESOURCES PLC
("Wentworth" or the "Company")
Publication of Competent Person's Report and updated Investor Relations presentation
Wentworth, the AIM (AIM: WEN) listed independent, East Africa-focused oil & gas company, announces it commissioned an RPS Canada Competent Persons Report ("CPR") evaluation of the Company's reserves and resources as at year end 2018. This CPR is available on the Company's website as of today. In addition is has published an updated Investor Relations ("IR") presentation, post delisting from the Oslo Stock exchange on the 13 February 2019.
The CPR document is available on the Company's website, https://wentplc.com/investors/documents/
The IR presentation is available on the Company's website, https://wentplc.com/investors/reports-results-and-presentations/
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| Enquiries: Wentworth | Eskil Jersing, Chief Executive Officer Katherine Roe, Chief Financial Officer | eskil.jersing@wentplc.com +44 (0)118 2065427 katherine.roe@wentplc.com +44 (0)118 2065428 |
| Stifel Nicolaus Europe Limited | AIM Nominated Adviser and Broker Callum Stewart Ashton Clanfield Simon Mensley | +44 (0) 20 7710 7600 |
| Peel Hunt LLP | Broker Richard Crichton Ross Allister | +44 (0) 20 7418 8900 |
| Vigo | Investor Relations Adviser Patrick d'Ancona Chris McMahon | +44 (0) 20 7830 9700 |
About Wentworth Resources
Wentworth Resources is a publicly traded (AIM: WEN), independent oil & gas company with natural gas production; exploration and appraisal opportunities in the Rovuma Delta Basin of coastal southern Tanzania.
Inside Information
This announcement does not contain inside information.
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
The AIM Market of the London Stock Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this press release.
