Wentworth Resources Ltd Wentworth Resources Limited : Appointment Of Cfo
28 March 2018 - 5:01PM
UK Regulatory
TIDMWRL
PRESS RELEASE
28 March 2018
WENTWORTH RESOURCES LIMITED
("Wentworth" or the "Company")
Appointment of CFO
Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed
independent, East Africa-focused oil & gas company, is pleased to
announce the appointment of Katherine Roe as Chief Financial Officer
("CFO") of the Company, effective 1 April 2018.
This announcement is further to the announcements made in November 2017
and January 2018 in relation to the Company's plans to relocate its head
office to London from Calgary, Canada and establish an executive
management team based in London.
Katherine Louise Margiad Roe (40) has been Vice President Corporate
Development & Investor Relations for the Company since 2014 and has
nearly 20 years of senior corporate and capital markets experience.
Prior to joining Wentworth, Katherine worked at Panmure Gordon and
Morgan Stanley's investment banking divisions. She is a non-executive
director of AIM quoted IDE Group Holdings plc, where she chairs the
Audit Committee. Katherine is also a director of Roe Resources Limited.
Lance Mierendorf will remain in the CFO role until 31 March 2018 to
ensure the coordination of an efficient and orderly handover to
Katherine.
Bob McBean, Executive Chairman, said:
"I would like to thank Lance for his professional commitment and loyalty
to the Company over the past six years. He has played a key role in
helping to establish Wentworth's position as a pre-eminent East African
production and exploration company. I would like to wish Lance all the
best for his future endeavours and welcome Katherine as our new CFO; her
experience in the UK market and ingrained knowledge of our business is
essential as we welcome our new CEO, Eskil Jersing, and realign the
business with our asset base and shareholders."
-Ends-
Enquiries:
Bob McBean
Wentworth Executive Chairman rpm@wentworthresources.com
Katherine Roe katherine.roe@wentworthresources.com
Vice President Corporate Development & Investor Relations +44 7841 087 230
Stifel
Nicolaus
Europe
Limited AIM Nominated Adviser and Broker (UK) +44 (0) 20 7710 7600
Callum Stewart
Ashton Clanfield
GMP
FirstEnergy Broker (UK) +44 (0) 20 7448 0200
Hugh Sanderson
David van Erp
Broker (UK)
Richard Crichton
Peel Hunt LLP Ross Allister +44 (0) 20 7418 8900
FTI Consulting Investor Relations Adviser (UK) wentworth@fticonsulting.com
Edward Westropp +44 (0) 20 3727 1000
Kim Camilleri
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, 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.
20180328 Press Release: http://hugin.info/136496/R/2180013/841573.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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
http://www.wentworthresources.com/
(END) Dow Jones Newswires
March 28, 2018 02:01 ET (06:01 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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