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Wentworth Resources - Gas and Oil East Africa

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Wentworth Resources Limited : Expected Effectiveness of Re-domicile to Jersey and Suspension of Trading on AIM and the Oslo Stock Exchange

23 October 2018

Wentworth Resources Limited
(“Wentworth” or the “Company”)

Expected Effectiveness of Re-domicile to Jersey and Suspension of Trading on AIM and the Oslo Stock Exchange

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, announces that the re-domicile of the Company from Alberta, Canada to Jersey (the “Re-domicile”) is progressing on schedule and is currently expected to become effective on or around 26 October 2018.

Once the Re-domicile becomes effective, the Company will need to apply to the London Stock Exchange to obtain a new International Securities Identification Number (“ISIN”) for its shares and apply to Euroclear UK and Ireland to enable trading of the Company’s shares in the CREST settlement system (“CREST”).

Whilst the application for the ISIN and the CREST enablement are pending, trading in the Company’s shares on AIM will be suspended. The suspension in trading will also apply to trading on the Oslo Stock Exchange.

Suspension in trading is expected to last for four (4) trading days, commencing from the date when the Re-domicile becomes effective (currently expected at close of trading on AIM on Friday 26 October 2018). If the Re-domicile becomes effective at close of trading on AIM on 26 October 2018 as currently expected, the period of suspension of the trading is expected to last from and including Monday 29 October 2018 to and including Thursday 1 November 2018.

Resumption of trading on AIM will require that the Company’s shares are readmitted to trading on AIM following the Re-domicile. The Company currently expects that such readmission will take place on 2 November 2018.

The Company will keep shareholders updated as to the actual date of the Re-domicile (expected 26 October 2018) and the suspension period (expected 29 October 2018 to 1 November 2018).

The new ISIN for the Company’s shares will be announced through a separate stock exchange announcement as soon as it has been obtained.

Shareholders do not need to take any action associated with the issuance of the new ISIN or the Re-domicile.  Reference is made to Section 8 of the Management Information Circular dated 21 August 2018. Further information on the practicalities of trading in the Company’s shares after the Re-domicile will be published at the time of the Re-domicile.

-Ends-

|

Enquiries: 
Wentworth |

Bob McBean,
Executive Chairman

 

Eskil Jersing,
Chief Executive Officer

 

Katherine Roe,
Chief Financial Officer |

rpm@wentworthresources.com

eskil.jersing@wentworthresources.com
+44 7717 847623

 

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 |
|   |   |   |
| Peel Hunt LLP | Broker (UK)
Richard Crichton
Ross Allister

  | +44 (0) 20 7418 8900 |
| Vigo | Investor Relations Adviser (UK)
Patrick d’Ancona
Chris McMahon
Kate Rogucheva | +44 (0) 20 7830 9700 |

About Wentworth

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

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 period ended 30 June 2018, available on Wentworth’s website, for further description of the risks and uncertainties associated with Wentworth’s business.

Notice  

Neither the Oslo Børs 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. 

 

181023 Press Release


This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wentworth Resources Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20181023.GlobeNewswire.HUG2221746

Wentworth Resources Limited : Wentworth to Present at the Oil Capital Conference - London

|   |   |

PRESS RELEASE
24 October 2018

WENTWORTH RESOURCES LIMITED
(“Wentworth” or the “Company”)

Wentworth to Present at the Oil Capital Conference - London

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, is pleased to announce that Eskil Jersing, Chief Executive Officer, will be presenting a corporate overview at the Oil Capital Conference today at 9:30 BST.

A copy of the presentation has been made available on our website under https://wentworthresources.com/presentations.php.

-Ends-

| Enquiries: 
Wentworth | Eskil Jersing,
Chief Executive Officer

 

Katherine Roe,
Chief Financial Officer | eskil.jersing@wentworthresources.com
+44 7717 847623

 

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 |
|   |   |   |
| Peel Hunt LLP | Broker (UK)
Richard Crichton
Ross Allister

  | +44 (0) 20 7418 8900 |
| Vigo | Investor Relations Adviser (UK)
Patrick d’Ancona
Chris McMahon
Kate Rogucheva

  | +44 (0) 20 7930 0230 |

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, all in the 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 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

181024 Press Release


This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wentworth Resources Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20181024.GlobeNewswire.HUG2221596

Wentworth Resources Limited : Completion of Re-Domicile, Name Change and Notice of Suspension

| PRESS RELEASE

26 October 2018 |

WENTWORTH RESOURCES PLC
(“Wentworth” or the “Company”)

Completion of Re-Domicile, Name Change and Notice of Suspension

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, is pleased to announce that it has successfully completed its re-domicile from Alberta, Canada to Jersey, Channel Islands (the " Re-Domicile").

Following the Re-Domicile, the Company has become a public limited company incorporated under the Companies (Jersey) Law, 1991 (as amended) and has completed its name change from Wentworth Resources Limited to Wentworth Resources plc.  The Company’s new articles of association adopted by the general meeting in connection with the approval of the Re-Domicile have entered into force.

The Company’s new organisation number is 127571 and the Company’s registered office in Jersey is 4th Floor, St Paul’s Gate, 22 - 24 New Street, St Helier, Jersey, JE1 4TR, the office of the Company’s corporate administrator in Jersey.

Trading in the Company’s shares will be suspended from start of trading on AIM and the Oslo Stock Exchange on 29 October 2018 as the Company applies for new ISIN, SEDOL and LEI codes.

An application will be made to the London Stock Exchange for the admission of the Company’s Ordinary Shares to trading on AIM following the Re-Domicile (" Admission"). Admission is expected to take place at 8.00am (GMT) / 9.00am (CET) on 2 November 2018 (or such later date as may be agreed between the Company and AIM) and trading in the Company’s shares is expected to recommence on both AIM and the Oslo Stock Exchange from that time.  Following Admission, the Company’s ticker for both the Oslo Stock Exchange and AIM will be “WEN”.  

For a description of the principal attributes of the share capital of the Company following the Re-Domicile, please refer to the Management Information Circular, dated 21 August 2018, available on the Company’s website.  A “Questions and Answers” or “Q&A” sheet on the practical effect of the Re-Domicile for shareholders is now available on the Company’s website at https://www.wentworthresources.com/faq.php.

Further announcements will be made in relation to the new ISIN and other codes and Admission and recommencement of trading in due course.

-Ends-

| Enquiries: 
Wentworth | Bob McBean,
Executive Chairman

 

Eskil Jersing,
Chief Executive Officer

 

Katherine Roe,
Chief Financial Officer | rpm@wentworthresources.com

eskil.jersing@wentworthresources.com
+44 7717 847623

 

katherine.roe@wentworthresources.com
+44 7841 087 230 |
|  

Stifel Nicolaus Europe Limited |  

AIM Nominated Adviser and Broker (UK)
Callum Stewart
Ashton Clanfield
Simon Mensley |  

+44 (0) 20 7710 7600 |
|  

Peel Hunt LLP |  

Broker (UK)
Richard Crichton
Ross Allister |  

+44 (0) 20 7418 8900 |
|  

Vigo |  

Investor Relations Adviser (UK)
Patrick d’Ancona
Chris McMahon
Kate Rogucheva |  

+44 (0) 20 7930 0230 |

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, 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

181026 Press Release


This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wentworth Resources Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20181026.GlobeNewswire.HUG2222482

Wentworth Resources Limited : New number of shares - Total Voting Rights

PRESS RELEASE

26 October 2018

WENTWORTH RESOURCES PLC
(“Wentworth” or the “Company”)

 New number of shares - Total Voting Rights  

Reference is made to the primary insider notification by Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, on 2 October 2018 regarding shareholders who had exercised their right to dissent to the re-domicile of Wentworth from Alberta, Canada to Jersey, Channel Islands.

Based on a final counting of the number of shareholders having exercised their right of dissent and the number of shares held by them as of 1 October 2018, the Company is required to acquire 2,329,326 shares of the Company, representing 1.25% of the issued and outstanding shares of the Company, from the dissenting shareholders.

The 2,329,326 shares are deemed transferred to the Company and cancelled as of today 26 October 2018 (the " Cancellation").

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Board of the Company hereby notifies the market that as at the date of this announcement, following the Cancellation, the Company’s issued share capital consists of 184,159,139 issued Ordinary Shares of no par value, all of which are in the same share class (" Ordinary Shares"). The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 184,159,139. This figure may be used by shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

-Ends-

| Enquiries: 
Wentworth | Bob McBean,
Executive Chairman

 

Eskil Jersing,
Chief Executive Officer

 

Katherine Roe,
Chief Financial Officer | rpm@wentworthresources.com

eskil.jersing@wentworthresources.com
+44 7717 847623

 

katherine.roe@wentworthresources.com
+44 7841 087 230 |
|  

Stifel Nicolaus Europe Limited |  

AIM Nominated Adviser and Broker (UK)
Callum Stewart
Ashton Clanfield
Simon Mensley |  

+44 (0) 20 7710 7600 |
|  

Peel Hunt LLP |  

Broker (UK)
Richard Crichton
Ross Allister |  

+44 (0) 20 7418 8900 |
|  

Vigo |  

Investor Relations Adviser (UK)
Patrick d’Ancona
Chris McMahon
Kate Rogucheva |  

+44 (0) 20 7930 0230 |

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, 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

181026 Press Release


This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wentworth Resources Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20181026.GlobeNewswire.HUG2222483

OSLO BØRS - SUSPENDED ***

See announcement from Wentworth Resources of 26.10.2018 at 18:46:51 CET.

In accordance with a request from the company, Oslo Børs has supended the shares
WRL

Ekstern link: https://newsweb.oslobors.no/message/462251

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20181029.OBI.20181029S10

Wentworth Resources Limited : New ISIN and SEDOL

PRESS RELEASE
29 October 2018

Wentworth Resources plc
(“Wentworth” or the “Company”)

New ISIN and SEDOL

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, announces that it, following the re-domicile from Alberta, Canada to Jersey, Channel Islands, has obtained from the London Stock Exchange a new International Securities Identification Number (“ISIN”) and SEDOL (“Stock Exchange Daily Official List”) for its Ordinary Shares.

The new ISIN is JE00BGT34J81.  The new SEDOL is BGT34J8.

It is expected that the new ISIN and SEDOL will become effective from and including 2 November 2018.

Shareholders do not need to take any action associated with the issuance of the new ISIN and new SEDOL.

-Ends-

| Enquiries: 
Wentworth | Bob McBean,
Executive Chairman

 

Eskil Jersing,
Chief Executive Officer

 

Katherine Roe,
Chief Financial Officer | rpm@wentworthresources.com

eskil.jersing@wentworthresources.com
+44 7717 847623

 

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 |
|   |   |   |
| Peel Hunt LLP | Broker (UK)
Richard Crichton
Ross Allister

  | +44 (0) 20 7418 8900 |
| Vigo | Investor Relations Adviser (UK)
Patrick d’Ancona
Chris McMahon
Kate Rogucheva | +44 (0) 20 7930 0230 |

About Wentworth

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

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 period ended 30 June 2018, available on Wentworth’s website, for further description of the risks and uncertainties associated with Wentworth’s business.

Notice  

Neither the Oslo Børs 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. 

 

181029 Press Release


This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wentworth Resources Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20181029.GlobeNewswire.HUG2222689

Oslo Børs – WRL - Nytt ISIN, navn og ny ticker/ New ISIN, name and new ticker from 02.11.201

Det vises til meldinger fra 29.10.2018

Wentworth Resources Limited har endret selskapets navn til Wentworth Resources
plc.
Selskapet vil fra og med 02.11.2018 noteres med følgende:

Ny – Navn: Wentworth Resources Plc.
Ny - ISIN: JE00BGT34J81
Ny - Ticker: WEN
Ny - Tick Size Tabell: OBEQ_PT_9000 – ADNT larger than 9000
Ingen endring - Instrument ID: 59574

Reference is made to announcements from 29.10.2018

Wentworth Resources Limited has changed the company name to Wentworth Resources
plc.
The company will be listed on Oslo Børs with the following from 02.11.2018:

New – Name: Wentworth Resources Plc.
New - ISIN: JE00BGT34J81
New – Ticker: WEN
New - Tick Size Tabell: OBEQ_PT_9000 – ADNT larger than 9000
Unchanged instrument ID: 5

Ekstern link: https://newsweb.oslobors.no/message/462646

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20181101.OBI.20181101S123

Wentworth Resources Plc : New number of shares - Total Voting Rights

PRESS RELEASE

1 November 2018

This announcement replaces the announcement released at 5.54pm on 26 October 2018, ‘New number of shares - Total Voting Rights’, correcting the issued share capital of the Company. There is no change to previously disclosed Total Voting Rights.

WENTWORTH RESOURCES PLC
(“Wentworth” or the “Company”)

New number of shares - Total Voting Rights  

Reference is made to the primary insider notification by Wentworth, the Oslo Stock Exchange (OSE: WEN) and AIM (AIM: WEN) listed independent, East Africa-focused oil & gas company, on 2 October 2018 regarding shareholders who had exercised their right to dissent to the re-domicile of Wentworth from Alberta, Canada to Jersey, Channel Islands.

Based on a final counting of the number of shareholders having exercised their right of dissent and the number of shares held by them as of 1 October 2018, the Company is required to acquire 2,329,326 shares of the Company, representing 1.25% of the issued and outstanding shares of the Company, from the dissenting shareholders.

The 2,329,326 shares were deemed to have transferred to the Company on 26 October 2018 for cancellation. The Company will issue a new announcement once said shares have been cancelled.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Board of the Company hereby notifies the market that as at the date of this announcement the Company’s issued share capital consists of 186,488,465 issued Ordinary Shares of no par value, all of which are in the same share class (" Ordinary Shares"). The Company does not hold any Ordinary Shares in treasury. As detailed in the 21 August 2018 Management Information Circular, following the deemed transfer on 26 October 2018 the dissenting shareholders no longer hold any voting rights in the Company and, therefore, the total number of Ordinary Shares in the Company with voting rights is 184,159,139. This figure may be used by shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

-Ends-

| Enquiries: 
Wentworth | Bob McBean,
Executive Chairman

 

Eskil Jersing,
Chief Executive Officer

 

Katherine Roe,
Chief Financial Officer | rpm@wentworthresources.com

eskil.jersing@wentworthresources.com
+44 7717 847623

 

katherine.roe@wentworthresources.com
+44 7841 087 230 |
|  

Stifel Nicolaus Europe Limited |  

AIM Nominated Adviser and Broker (UK)
Callum Stewart
Ashton Clanfield
Simon Mensley |  

+44 (0) 20 7710 7600 |
|  

Peel Hunt LLP |  

Broker (UK)
Richard Crichton
Ross Allister |  

+44 (0) 20 7418 8900 |
|  

Vigo |  

Investor Relations Adviser (UK)
Patrick d’Ancona
Chris McMahon
Kate Rogucheva |  

+44 (0) 20 7930 0230 |

About Wentworth Resources

Wentworth Resources is a publicly traded (OSE: WEN, AIM: WEN), independent oil & gas company with natural gas production; exploration and appraisal opportunities, 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

181101 Press Release


This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wentworth Resources Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20181101.GlobeNewswire.HUG2223587

Wentworth Resources Plc : Re-Admission to AIM and Recommencement of Trading

PRESS RELEASE

2 November 2018

WENTWORTH RESOURCES PLC
(“Wentworth” or the “Company”)

Re-Admission to AIM and Recommencement of Trading

Wentworth, the Oslo Stock Exchange (OSE:WEN) and AIM (AIM:WEN) listed independent, East Africa-focused oil & gas company, is pleased to announce that the Company’s shares will be admitted to trading on AIM (" Admission"), with dealings commencing on AIM and the Oslo Stock Exchange under the ticker “WEN”, from 08.00 a.m. (GMT) / 09.00 a.m. (CET) today.

The Company will also be launching its new website at 08.00 a.m. (GMT) today and can be found at www.wentplc.com.

The Company’s Ordinary Shares, with effect from today, change as follows:

the TIDM (“Tradable Instrument Display Mnemonic”) of the Ordinary Shares will change from WRL to WEN;
 

the ISIN (“International Securities Identification Number”) of the Ordinary Shares will change to JE00BGT34J81;
 

the SEDOL (“Stock Exchange Daily Official List”) of the Ordinary Shares will change to BGT34J8;
 

the LEI (“Legal Entity Identifier”) code of the Ordinary Shares will change to 213800L172PPXRPJZM82. 

-Ends-

| Enquiries: 
Wentworth | Bob McBean,
Executive Chairman

 

Eskil Jersing,
Chief Executive Officer

 

Katherine Roe,
Chief Financial Officer

  | rpm@wentworthresources.com

eskil.jersing@wentworthresources.com
+44 7717 847623

 

katherine.roe@wentworthresources.com
+44 7841 087 230 |
| Stifel Nicolaus Europe Limited | AIM Nominated Adviser and Broker (UK)
Callum Stewart
Ashton Clanfield
Simon Mensley

  | +44 (0) 20 7710 7600 |
| Peel Hunt LLP | Broker (UK)
Richard Crichton
Ross Allister

  | +44 (0) 20 7418 8900 |
| Vigo | Investor Relations Adviser (UK)
Patrick d’Ancona
Chris McMahon | +44 (0) 20 7930 0230 |

About Wentworth Resources

Wentworth Resources is a publicly traded (OSE: WEN, AIM: WEN), independent oil & gas company with natural gas production; exploration and appraisal opportunities, 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

181102 Press Release


This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wentworth Resources Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20181102.GlobeNewswire.HUG2223659

Wentworth Resources : Director Appointments

PRESS RELEASE

2 November 2018

WENTWORTH RESOURCES PLC 
(“Wentworth” or the “Company”)

Director Appointments

Wentworth, the Oslo Stock Exchange (OSE: WEN) and AIM (AIM: WEN) listed independent, East Africa-focused oil & gas company, further to its announcement on 22 August 2018, is pleased to announce that Ms. Katherine Roe, Mr. Tim Bushell, and Mr. Iain McLaren, have been appointed as members of the Board of Directors (the " Board") with immediate effect. These appointments follow the successful completion of the Company’s re-domicile to Jersey (" Re-Domicile"), announced on 29 October 2018, as part of its restructuring process to better align corporate and management structures with its shareholders and asset base in Africa.  

The Board believes that the appointment of these Directors will add significant financial, technical and operational experience to the Board, providing a stronger platform to execute on the strategic aspirations of the Company following its Re-Domicile.

Ms. Katherine Roe - Chief Financial Officer

Katherine, Chief Financial Officer since 1 April 2018, was Vice President Corporate Development & Investor Relations for the Company since 2014 and has 19 years of senior corporate and capital markets experience. Prior to joining Wentworth, Katherine spent 11 years at Panmure Gordon & Co, having moved from Morgan Stanley’s investment banking division. She is currently an independent Non-Executive Director of Faroe Petroleum plc, where she will take over the role of Audit Chair in 2019.

Mr. Tim Bushell - Deputy Chairman and Independent Non-Executive Director

Tim is a qualified geologist with more than 30 years’ experience in the oil and gas industry. He has worked at British Gas, Ultramar, LASMO, and Paladin Resources. Most recently Tim was Chief Executive Officer at Falkland Oil and Gas Limited and Director/co-founder of Core Energy AS. He is currently serving as a Non-Executive Director on the Board of Rockhopper Exploration PLC, Genel Energy plc and Petro Matad Limited, and as a Director of Point Resources AS and Redrock Energy Limited.

Mr. Iain McLaren - Independent Non-Executive Director

Iain has significant experience in the oil and gas sector with deep experience as Audit committee chair. He is currently a Non-Executive Director and Chair of the Audit Committee of Jadestone Energy Inc. and until May 2018 was Senior Independent Director and Chair of the Audit Committee for Cairn Energy plc. He is currently Chairman of F&C UK High Income Trust plc as well as a director of three other investment companies. He is a past President of the Institute of Chartered Accountants of Scotland and was a partner of KPMG for 28 years until 2008.  

Bob McBean, Chairman, commented:

"We are delighted to welcome Katherine, Tim and Iain to the Board.   They collectively bring substantive technical, commercial and financial upstream E&P experience, joining the Board at a pivotal moment, as the Company has completed its Re-Domicile from Canada to Jersey.

 “We have an ambitious domestic gas-led East African focused strategy to deliver material shareholder value, organically from our core gas producing asset, Mnazi Bay, and inorganically through an M&A led growth mandate. The new Board members bring the requisite skills and expertise to contribute significantly to our aspiration of becoming a mid-tier African focused E&P Company.”

-Ends-

| Enquiries: 
Wentworth | Bob McBean,
Executive Chairman

 

Eskil Jersing,
Chief Executive Officer

 

Katherine Roe,
Chief Financial Officer | rpm@wentworthresources.com

eskil.jersing@wentworthresources.com
+44 7717 847623

 

katherine.roe@wentworthresources.com
+44 7841 087 230 |
| Stifel Nicolaus Europe Limited | AIM Nominated Adviser and Broker (UK)
Callum Stewart
Ashton Clanfield
Simon Mensley

| +44 (0) 20 7710 7600 |
| Peel Hunt LLP | Broker (UK)
Richard Crichton
Ross Allister

| +44 (0) 20 7418 8900 |
| Vigo | Investor Relations Adviser (UK)
Patrick d’Ancona
Chris McMahon | +44 (0) 20 7930 0230 |

Notes

Katherine Louise Margiad Ward Roe (40), Chief Financial Officer

Ms. Roe  holds the following directorships:

| Current Directorships | Past Directorships |
| Faroe Petroleum plc | IDE Group Holdings plc |
| Roe Resources Limited |   |

Timothy Paul Bushell (59), Deputy Chairman

Mr. Bushell, holds the following directorships:

| Current Directorships | Past Directorships |
|   |   |
|   |   |
| Petro Matad Limited | Core Energy AS |
| Point Resources AS | Desire Petroleum Limited |
| Redrock Energy Limited | Falkland Oil and Gas Limited |
| Rockhopper Exploration plc | FOGL Finance Limited

Red Kite Energy Limited |

Iain Archibald McLaren (67) - Non-Executive Director

Mr. McLaren, holds the following directorships:

| Current Directorships | Past Directorships |
| Baillie Gifford Shin Nippon plc | Afren plc |
| Ecofin Global Utilities | Cairn Energy plc |
| Edinburgh Dragon Trust plc | Scotbeef Limited |
| F&C UK High Income Trust plc |   |
| Infrastructure Trust plc |   |
| Jadestone Energy Inc |   |

Mr. McLaren holds 100,000 ordinary shares in the Company.

Iain McLaren was formerly a director of Afren plc, a company formerly listed on the London Stock Exchange. Afren plc was placed in administration within one year of Mr. McLaren ceasing to be a director.

Save for the above, there is no further information required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules for Companies, with respect to the appointment of Ms. Roe, Mr. Bushell, and Mr. McLaren.

About Wentworth Resources

Wentworth Resources is a publicly traded (OSE: WEN, AIM: WEN), independent oil & gas company with natural gas production; exploration and appraisal opportunities, 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

181102 Press Release


This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wentworth Resources Limited via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20181102.GlobeNewswire.HUG2223690