Wentworth Resources Limited : Appointment of CEO

PRESS RELEASE
15 January 2018

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

Appointment of CEO

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, is pleased to announce that Mr Eskil Jersing has agreed to join Wentworth as Chief Executive Officer ("CEO"). We anticipate that Eskil will join the Company and Board of Directors in Q2 2018 as he undertakes an orderly transition from his current position as CEO of Sterling Energy.

Eskil's career to date spans over 30 years working across the spectrum of exploration, appraisal, production and development projects in many of the world's key Petroleum basins (North Sea, Gulf of Mexico, Brazil, Africa, SE Asia and Australasia). Throughout his career, Eskil has led multidisciplinary integrated teams, executed new country entries, secured major leasehold positions, in addition to discovering and monetising a number of oil and gas accumulations. Eskil is currently CEO of Sterling Energy plc, a UK based independent oil and gas exploration company focused primarily on Africa and the Middle East.

Eskil started his career in 1985 as a Field Seismologist with SSL, before moving to Enterprise Oil and, following their takeover, Shell International, ultimately as the Gulf of Mexico Exploration Strategy and Planning Manager. In 2009 he joined Marathon Oil as the Company's Manager for Conventional New Ventures Worldwide and subsequently Apache Corporation as Director Worldwide Exploration and New Ventures Asia Pacific. He was Head of New Ventures and Co-Head of Mergers & Acquisitions at Petrobras Oil & Gas BV before starting at his current role. Eskil holds a BSc in Geophysics from Cardiff University and an MSc in Petroleum Geology from Imperial College, London.

Bob McBean, Executive Chairman, said:

"I am looking forward to welcoming Eskil to the management team and the Board of Wentworth. He will be taking the reins of the business at a very exciting time for us; we have an established and growing production base in Tanzania and an operated near term high impact appraisal and exploration asset in Mozambique.  As indicated in November 2017, with the planned relocation of management to London, this is the right time for us to welcome a new, dynamic executive to the Company who has a wealth of relevant geological and industry experience, to take the business to the next stage in our development."

-Ends-

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.

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, 2016, 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.