Bli medlem
Bli medlem

Du är här


Wentworth Resources Limited : Directorate Change

| |


February 2016

("Wentworth" or the "Company")

Directorate Change

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed
independent, East Africa-focused oil&gas company, announces the resignation
of Non-Executive Director, Richard Schmitt, with immediate effect, in order
to allow Mr. Schmitt to pursue his other business opportunities.

The Company would like to thank Mr. Schmitt for his valuable contribution over
the past five years and wish him every success in his future endeavours.


| Enquiries: |
| Geoffrey Bury, |
| |
| Managing Director +1 403 993 4450 |
| |
| Wentworth Lance Mierendorf, |
| |
| Chief Financial Officer +1 403 680 8773 |
| Katherine Roe |
| |
| Head of Investor Relations&Corporate Communications +44 7841 087 230 |
| Swedbank First Securities Broker (Norway) +47 23 23 80 00 |
| Ove Gusevik |
| Jarand L?nne |
| Crux Advisers Investor Relations Adviser +47 909 808 48 |
| |
| (Norway) |
| Jan Petter Stiff |
| Carl Bachke |
| Stifel Nicolaus Europe Limited AIM Nominated Adviser and Broker (UK) +44 (0) 20 7710 7600 |
| Callum Stewart |
| Ashton Clanfield |
| FirstEnergy Capital Broker (UK) +44 (0) 20 7448 0200 |
| Hugh Sanderson |
| FTI Consulting Investor Relations Adviser (UK) |
| |
| +44 (0) 20 3727 1000 |
| Edward Westropp |
| |
| Tom Hufton |
| |
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.

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, 2014, available on Wentworth's website, for further description
of the risks and uncertainties associated with Wentworth's business.

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.

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

2016 02 17 Press Release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions 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


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.