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Wentworth Resources Limited : Tanzania - Operational Update


31 March 2015


("Wentworth" or "the Company")

Tanzania: Operational Update

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed
independent, East Africa-focused oil&gas company, today provides an
operational update in the lead up to the first delivery of gas to the new
transnational pipeline from its assets in Tanzania and announces that
drilling operations of the MB-4 development well in the Mnazi Bay Development
License Area has commenced.

Construction of the Government owned and operated Mtwara to Dar es Salaam
pipeline is now 100% complete and the two associated processing facilities
are approximately 96% complete. Regarding the Company's assets, construction
has commenced on tying-in the existing four development wells and installing
flow lines in order to supply gas to the new pipeline and two of these wells
are now fully tied-in. The Mnazi Bay Partners have been advised by Tanzania
Petroleum Development Corporation ("TPDC") that some delays have been
experienced in commissioning and startup of the gas pipeline project and, as
a result, delivery of first gas into the pipeline is now expected to take
place in July 2015.

Drilling operations of the MB-4 development well are expected to commence in
the next few days and the well is designed to penetrate the Mnazi Bay Upper
and Mnazi Bay Lower gas bearing sands of the discovered Mnazi Bay gas fields.
The MB-4 development well has a planned depth of 2,089 meters True Vertical
Depth Sub Sea and, based on the current drilling program, is expected to take
approximately two months to drill and complete. The Company will provide an
update after drilling operations have been completed. Wentworth has a 31.94%
net interest in this well, which is being operated by Maurel et Prom and
drilled with the Caroil #2 drilling rig.

Geoff Bury, Managing Director, commented:

"We are very encouraged by the progress of the pipeline infrastructure and all
aspects of the gas pipeline project. Whilst completion and commissioning
delays will impact the timing and amount of expected cash flow generated in
2015, we see clear, tangible progress towards first gas being delivered into
the new pipeline in the summer and look forward to ramping up volumes of gas
supply, helped by additional production capacity expected from the MB-4
development well. In light of this delay, we are continuing to work on
securing additional debt financing to ensure that we have sufficient funds
available to see us through to first cashflow. With the pipeline project
nearing completion and a signed long-term Gas Sales Agreement, Wentworth and
the Mnazi Bay Partners are well positioned to be the first suppliers of gas
into the new pipeline."


| Enquiries: |
| Wentworth Geoffrey Bury, |
| |
| Managing Director +403 993 4450 |
| |
| Lance Mierendorf, |
| |
| Chief Financial Officer +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 Lønne |
| Crux Kommunikasjon Investor Relations Adviser +47 995 138 91 |
| |
| (Norway) |
| Jan Petter Stiff |
| Carl Bachke |
| Panmure Gordon AIM Nominated Adviser and Broker (UK) +44 (0) 20 7886 2500 |
| Dominic Morley |
| Adam James |
| FirstEnergy Capital Broker (UK) +44 (0) 20 7448 0200 |
| Travis Inlow |
| Investec Broker (UK) +44 (0) 20 7597 4000 |
| Chris Sim |
| Instinctif Partners Investor Relations Adviser (UK) +44 (0) 20 7457 2020 |
| David Simonson |
| |
| Anca Spiridon |
| |
| |
About Wentworth Resources

Wentworth Resources is a publicly traded (OSE:WRL, AIM:WRL), independent
oil&gas company with: natural gas production; midstream assets; a committed
exploration and appraisal drilling programme; and large-scale gas
monetisation opportunities, all in the Rovuma Delta Basin of coastal southern
Tanzania and northern Mozambique.

Wentworth holds a 31.94% participation interest in production operations and a
39.925% participation interest in exploration operations of the Mnazi Bay
Concession. M&P is operator and holds a 48.06% participation interest in
production operations and 60.075% participation interest in exploration
operations with Tanzania Petroleum Development Corporation ("TPDC") holding
the remaining 20% participation interest in production operations.

Gerold Fong, Vice President of Exploration (BSC Geophysics, 1982) who has 31
years of experience in the exploration and production industry, has read and
approved the technical disclosure in this regulatory announcement.

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.

2015 03 31 Press Release


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

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