Wentworth Resources Limited : Appointment of Senior Independent Director
07 July 2015 - 4:01PM
PRESS RELEASE
7 July 2015
WENTWORTH
RESOURCES LIMITED
("Wentworth" or
the "Company")
Appointment of
Senior Independent Director
Wentworth, the Oslo Stock Exchange
(OSE: WRL) and AIM (AIM: WRL) listed independent, East
Africa-focused oil & gas company, is pleased to announce that,
in line with the provisions of the UK Corporate Governance Code,
the Deputy Chairman, John Bentley has been appointed as the Senior
Independent Director to the Company, with immediate effect.
John has been the Deputy Chairman
of the Company since August 2010 and is the Chairman of the
Governance and Nomination Committee and a member of the Audit
Committee and the Compensation Committee.
-Ends-
Enquiries: |
|
|
Wentworth |
Geoffrey
Bury,
Managing Director |
gpb@wentworthresources.com
+1 403 993 4450 |
|
|
|
|
Lance
Mierendorf,
Chief Financial Officer
|
lance.mierendorf@wentworthresources.com
+1 403 680 8773 |
|
Katherine
Roe
Head of Investor Relations & Corporate Communications
|
katherine.roe@wentworthresources.com
+44 7841 087 230 |
Swedbank First Securities |
Broker(Norway) |
+47 23 23
80 00 |
|
Ove
Gusevik |
|
|
Jarand
Lønne
|
|
Crux Kommunikasjon |
Investor Relations Adviser
(Norway) |
+47 995
138 91 |
|
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 |
|
Travis
Inlow
|
|
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; 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.
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.
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
to the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
2015 07 07 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
HUG#1934871
Wentworth Resources (LSE:WEN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Wentworth Resources (LSE:WEN)
Historical Stock Chart
From Apr 2023 to Apr 2024