Wentworth Resources PLC Notice of Results (1345J)
08 Abril 2020 - 01:00AM
UK Regulatory
TIDMWEN
RNS Number : 1345J
Wentworth Resources PLC
08 April 2020
PRESS RELEASE 8 April 2020
WENTWORTH RESOURCES PLC
("Wentworth" or the "Company")
Revised Notice of 2019 Full Year Results
Wentworth, the AIM (AIM: WEN) listed independent, East
Africa-focused natural gas company, announces that, as a
consequence of the global COVID-19 pandemic and the Financial
Conduct Authority's guidance on the publication of results during
this time, given the level of business and economic uncertainty,
the 2019 Full Year Results, which were due to be announced today,
will now be delayed and are expected to be released later this
month.
In line with our announcement on 10 March 2020, the Board
expects the full results for the year ended 31 December 2019 to be
in line with management expectations. Our operations continue
unaffected by COVID -19 and, with our strong cash position and
consistent payments for gas sales, we remain fully committed to the
previously indicated dividend policy.
Enquiries:
Wentworth Katherine Roe, katherine.roe@wentplc.com
Chief Executive Officer +44 (0)118 2065428
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 Alexander Allen +44 (0) 20 7418 8900
FTI Consulting Public Relations Adviser +44 (0) 20 3727 1000
Sara Powell wentworth@fticonsulting.com
Ben Brewerton
About Wentworth Resources
Wentworth Resources is a publicly traded (AIM: WEN), independent
natural gas company with production, exploration and appraisal
opportunities for domestic power generation and local industry 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.
-Ends-
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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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