TOWER RESOURCES PLC — Capital/Financing Update 2015

Aug 20, 2015

Wentworth Resources Limited : Operations Update - First Gas Delivery

Wentworth Resources Limited : Operations Update - First Gas Delivery

PRESS RELEASE

20 August 2015

WENTWORTH RESOURCES LIMITED

("Wentworth" or the "Company")

Operations Update - First Gas Delivery

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed

independent, East Africa-focused oil & gas company, is pleased to announce an

update on operations within the Mnazi Bay Concession, Southern Tanzania ("Mnazi

Bay").

Highlights

* First gas delivery to the new transnational pipeline commenced on 20 August

2015

* Production rates are expected to reach 70 mmscf/d by October 2015 and 80

mmscf/d by the end of 2015

* Agreement reached on payment security terms between the gas purchaser,

Tanzania Petroleum Development Corporation ("TPDC"), and the Mnazi Bay joint

venture partners ("Partners")

Gas deliveries have now commenced to the new transnational pipeline in Tanzania.

Two wells are now producing and the remaining three wells will be put on

production in the coming months. Initial production volumes will be used for

commissioning purposes and to fill the pipeline.  Production rates are expected

to increase to 70 mmscf/d by October 2015 and reach 80 mmscf/d by the end of

2015.  Gas deliveries by TPDC for use by power and industrial companies are

expected to commence in October. The Partners will receive payment at the end of

each calendar month for sales volumes delivered during that month.   Under the

Gas Sales Agreement signed on 12 September 2014, the sale price has been set at

US$3.00 per million BTU, or around US$3.07 per thousand cubic feet, rising in

line with the US CPI industrial index.

The Partners have agreed payment security terms with TPDC, the buyer of the gas,

and various other parties.  The payment security provides the Partners with

sufficient assurance that sales of natural gas will be settled in accordance

with the agreed payment terms.

Geoff Bury, Managing Director, commented:

"We are very pleased to announce that production from Mnazi Bay has now

commenced and the Mnazi Bay joint venture is the first supplier to the new

transnational pipeline in Tanzania. Concluding the payment guarantee and

starting production in our Mnazi Bay gas fields are pivotal events for Wentworth

and underpin the long-term viability of our operations in East Africa and our

partnership with Maurel & Prom and TPDC.

"Wentworth is well positioned to become a significant gas producer in Tanzania,

where supply and demand dynamics offer an opportunity which we and our Partners

are uniquely placed to realize. We expect to exit 2015 in a strong financial

position."

-Ends-

Enquiries:

Wentworth Geoffrey Bury, gpb@wentworthresources.com

Managing Director +1 403 993 4450

Lance Mierendorf, lance.mierendorf@wentworthresources.com

Chief Financial +1 403 680 8773

Officer

Katherine Roe katherine.roe@wentworthresources.com

Head of Investor +44 7841 087 230

Relations &

Corporate

Communications

Swedbank First Broker (Norway) +47 23 23 80 00

Securities

Ove Gusevik

Jarand Lønne

Crux Kommunikasjon Investor Relations +47 995 138 91

Adviser

(Norway)

Jan Petter Stiff

Carl Bachke

Stifel Nicolaus AIM Nominated +44 (0) 20 7710 7600

Europe Limited Adviser and Broker

(UK)

Callum Stewart

Ashton Clanfield

FirstEnergy Broker (UK) +44 (0) 20 7448 0200

Capital

Travis Inlow

FTI Consulting Investor Relations +44 (0) 20 3727 1000

Adviser (UK)

Edward Westropp

Tom Hufton

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.

Wentworth holds a 31.94% participation interest in production operations and a

39.925% participation interest in exploration operations of the Mnazi Bay

Concession. M&P is operator and holds a 48.06% participation interest in

production operations and 60.075% participation interest in exploration

operations with Tanzania Petroleum Development Corporation ("TPDC") holding the

remaining 20% participation interest in production operations.

Gerold Fong, Vice President of Exploration (BSC Geophysics, 1982) who has 31

years of experience in the exploration and production industry, has read and

approved the technical disclosure in this regulatory announcement.

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, 2014,

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 to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1946815]