TIDMWEN

RNS Number : 1527Q

Wentworth Resources PLC

17 October 2019

PRESS RELEASE 17 October 2019

WENTWORTH RESOURCES PLC

("Wentworth" or the "Company")

Dividend update for VPS shareholders

Wentworth (AIM: WEN), the AIM listed independent, East Africa-focused oil & gas company is pleased to confirm that as per the Company's original RNS announcement dated 3 September 2019 shareholders on the VPS register will be paid the dividend on 22 October 2019 (the "VPS Payment Date").

The exchange rate, which was determined on the UK payment date, was GBP 1.00 : NOK 11.7192 and therefore the NOK sum per VPS share which will be paid to VPS Shareholders on the VPS Payment Date will be NOK 0.0514 per VPS share.

   -      Ends - 
 
Enquiries:                         Eskil Jersing,                             eskil.jersing@wentplc.com 
 Wentworth                          Chief Executive Officer                    +44 (0)118 2065427 
 
 
                                    Katherine Roe,                             katherine.roe@wentplc.com 
                                    Chief Financial Officer                    +44 (0)118 2065428 
 
 
                                     AIM Nominated Adviser and Joint Broker 
                                     Callum Stewart 
                                     Ashton Clanfield 
  Stifel Nicolaus Europe Limited     Simon Mensley                              +44 (0) 20 7710 7600 
 
                                   Joint Broker 
                                    Richard Crichton 
 Peel Hunt LLP                      James Bavister                             +44 (0) 20 7418 8900 
 
                                     Investor Relations Adviser 
                                     Patrick d'Ancona 
  Vigo                               Chris McMahon                              +44 (0) 20 7390 0230

About Wentworth Resources

Wentworth Resources is a publicly traded (AIM: WEN), independent oil & gas company with natural gas production, exploration and appraisal opportunities in the Rovuma Delta Basin of coastal southern Tanzania.

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. 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.

The payment of any dividend is subject to compliance with applicable laws and regulations, including the laws of Jersey and the Company's Articles of Association. The Board will continually review the dividend policy from time to time and there can be no assurance that dividends will be paid in any particular amount for any given period.

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

October 17, 2019 02:00 ET (06:00 GMT)

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