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TOWER RESOURCES PLC Call Transcript 2014

Feb 19, 2014

7980_rns_2014-02-19_f1de7f31-ba07-438d-b6f8-d111ac363308.html

Call Transcript

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Wentworth Resources Limited : Invitation to Conference Call for Fourth Quarter 2013 and Annual Financial Results

Wentworth Resources Limited : Invitation to Conference Call for Fourth Quarter 2013 and Annual Financial Results

Wentworth Resources Limited

("Wentworth" or the "Company")

Invitation to Conference Call for Fourth Quarter 2013 and Annual Financial

Results

Wentworth is scheduled to release its fourth quarter and Annual Financial

Results for 2013 on Thursday 27 February. A conference call for investors,

analysts and other interested parties will be held the same day at 06:00 MST

(Calgary) / 13:00 GMT (London) / 14:00 CET (Oslo).

There will be a Q&A session subsequent to the presentation. Information on how

to submit questions to management will be given at the beginning of the Q&A

session.

To listen to the management presentation of the results, please dial in 5-10

minutes prior to the start time using the numbers and confirmation code below.

Call in numbers:

London, United Kingdom +44 (0)20 3427 1916

Oslo, Norway   +47 2350 0486

Helsinki, Finland +358 (0)9 6937 9543

Stockholm, Sweden +46 (0)8 5065 3936

Moscow, Russia +7 495 213 0977

Warsaw, Poland +48 22 584 4256

Paris, France +33 (0)1 76 77 22 28

Brussels, Belgium +32 (0)2 404 0660

Amsterdam, Netherlands +31 (0)20 713 2789

Copenhagen, Denmark +45 32 71 16 59

Luxembourg +352 342 080 8654

Berlin, Germany +49 (0) 30 3001 90539

Vienna, Austria +43 (0)1 25302 1758

Geneva, Switzerland +41 (0)22 592 7953

Bucharest, Romania +40 (0)21 529 3967

Budapest, Hungary +36 1808 8237

Prague, Czech Republic +420 225 986 511

Madrid, Spain +34 91 114 6582

Rome, Italy +39 06 8750 0876

National free phone - Greece 00 800 128 801

National free phone - Turkey 00 800 448 829 508

National free phone - United Arab Emirates 8000 3570 2590

Johannesburg, South Africa +27 11 019 7076

Tel Aviv, Israel +972 3721 9510

New York, United States of America +1 646 254 3367

Toronto, Canada +1 416 216 4142

Sydney, Australia +61 (0)2 9253 5963

Auckland, New Zealand +64 (0) 9 308 4002

National free phone - Indonesia 001 803 011 4276

Beijing, China +861059 045 019

Tokyo, Japan +81 (0)3 5767 4606

Mumbai, India +91 (0)22 6150 1748

Kuala Lumpur, Malaysia +60 (0)3 6207 4230

Seoul, Republic of Korea +82 (0)2 3483 1961

Bahrain, Manama +973 1650 0449

Singapore, Singapore +65 6622 1942

The participants will be asked for their name, company and confirmation code.

The Wentworth Resources confirmation code is: 2585031

For further information, please contact:

Lance Mierendorf

Chief Financial Officer

E-mail: [email protected]

Phone: +1 403 680 8773

Enquiries:

Wentworth Lance Mierendorf, [email protected]

Chief Financial +1 403 680 8773

Officer

Eric Fore, Finance & [email protected]

Investor Relations +971 (0) 50 458 0422

Manager

Panmure Gordon AIM Nominated +44 (0) 20 7886 2500

Adviser & Broker

Callum Stewart

Adam James

Charlie Leigh-

Pemberton

FirstEnergy Capital Broker +44 (0) 20 7448 0200

Majid Shafiq

Travis Inlow

Investec Broker +44 (0) 20 7597 4000

Ben Colegrave

Chris Sim

Swedbank Broker +47 23 23 80 00

Ove Gusevik

Jarand Lønne

College Hill Investor Relations +44 (0) 20 7457 2020

Adviser (UK)

Catherine Wickman

Alexandra Roper

Crux Kommunikasjon Investor Relations +47 995 138 91

Adviser (Norway)

Jan Petter Stiff

Fredrik Eeg

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.

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, 2012,

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.

[HUG#1762934]