TIDMWEN

RNS Number : 6831Q

Wentworth Resources PLC

29 June 2022

29 June 2022

WENTWORTH RESOURCES PLC

("Wentworth" or the "Company")

Update on Proposed Acquisition

Wentworth (AIM: WEN), the independent, Tanzania-focused natural gas production company, is pleased to provide an update on its agreement with Scirocco Energy plc ("Scirocco") to acquire its 25% non-operated working interest in the Ruvuma Production Sharing Agreement ("Ruvuma Asset"), in Tanzania (the "Transaction").

Wentworth notes the announcement from Scirocco that the proposed Transaction received the requisite majority approval from shareholders at Scirocco's General Meeting, held today.

The Transaction remains subject to certain regulatory approvals plus the non-exercise or waiving of pre-emption rights by the other Ruvuma Asset JOA partners. Wentworth will continue to update the market accordingly.

Ends

 
 Enquiries: 
   Wentworth Resources           Katherine Roe,                katherine.roe@wentplc.com 
                                 Chief Executive Officer       +44 (0) 7841 087 230 
 
                                 AIM Nominated Adviser and 
                                 Joint Broker 
                                 Callum Stewart 
   Stifel Nicolaus Europe        Ashton Clanfield 
   Limited                       Simon Mensley                 +44 (0) 20 7710 7600 
 
 
                                 Joint Broker 
                                 Richard Crichton 
   Peel Hunt LLP                 Alexander Allen               +44 (0) 20 7418 8900 
 
   FTI Consulting                Communications Advisor        wentworth@fticonsulting.com 
                                 Sara Powell                   +44 (0) 20 3727 1000 
                                 Ben Brewerton 
                                 Ollie Mills 
 
  About Wentworth Resources 
  Wentworth Resources plc (AIM: WEN) is a leading, domestic natural 
  gas producer in Tanzania with a core producing asset at Mnazi 
  Bay in the onshore Rovuma Basin in 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.

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END

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(END) Dow Jones Newswires

June 29, 2022 09:38 ET (13:38 GMT)

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