Wentworth Resources PLC: Electronic Communication with Shareholders

 

PRESS RELEASE

14 March 2019

 

 

WENTWORTH RESOURCES PLC
("Wentworth" or the "Company")

 

Electronic Communications with Shareholders

 

Wentworth, the AIM (AIM: WEN) listed independent, East Africa-focused oil & gas company, announces that it has today posted a letter to its shareholders regarding making communications to shareholders via electronic means (the "Letter").

 

Provisions within the articles of association of the Company permit the Company to request that communications between the Company and its shareholders be undertaken electronically, rather than through printed documents.  The Letter sets out actions to be taken by shareholders.

 

 

A copy of the Letter will be available on the Company's website: www.wentplc.com.

 

 

-Ends-

 

Enquiries: Wentworth	Eskil Jersing, Chief Executive Officer   Katherine Roe, Chief Financial Officer	[email protected] +44 (0)118 2065427   [email protected] +44 (0)118 2065428
Stifel Nicolaus Europe Limited	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 (UK) Patrick d'Ancona Chris McMahon	+44 (0) 20 7390 0230

 

About Wentworth Resources

 

Wentworth Resources is a publicly traded ( AIM: WEN), independent oil & gas company with natural gas production; exploration and appraisal opportunities, all in the onshore Rovuma Delta Basin of coastal southern Tanzania and northern Mozambique.

 

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 considering 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.

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