TOWER RESOURCES PLC — Earnings Release 2017

Jul 19, 2017

Wentworth Resources Limited : Operational Update

Wentworth Resources Limited : Operational Update

PRESS RELEASE

19 July 2017

WENTWORTH RESOURCES LIMITED

("Wentworth" or "the Company")

Operational Update

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

independent, East Africa-focused oil & gas company, is today providing an update

to shareholders.

Further to the Operational Update in June 2017 including an update on the

Company's Mnazi Bay asset in Tanzania, Wentworth is pleased to report that

further payments have been received from Tanzania Petroleum Development

Corporation ("TPDC") and Tanzania Electric Supply Company Limited ("TANESCO")

totalling $1.2 million net to Wentworth, bringing the total cash received for

invoiced gas sales to $7.9 million in 2017. Since 31 March 2017, receivables

from TPDC have remained consistent at four months and receivables from TANESCO

have improved from thirteen months to eight months. The Mnazi Bay Partners

continue to work closely with the Government of Tanzania to settle the remaining

outstanding invoices.

As expected, daily production volumes during the rainy months of April and May

were impacted by the use of hydroelectric power. However, since the end of the

rainy season, gas demand has increased with June volumes averaging 45 MMscf/d

bringing the average for Q2 to 31 MMscf/d. Furthermore, the Company has

experienced a temporary increase in volumes since the start of Q3 due to

maintenance work elsewhere in the pipeline system with July month-to-date

averaging 71 MMscf/d. We maintain our guidance for 2017 averaging between 40 -

50 MMscf/d.

In relation to the recent legislative changes in Tanzania and the introduction

of three new bills relating to the mining and oil & gas sectors, the Company has

undertaken a review of these new laws to determine their implications on the

Company's Tanzania operations. Based on our current understanding of this new

legislation and given the existing terms and conditions of our relevant

agreements we do not anticipate any material impact on our existing operations.

The Company will report Q2 results on 10 August 2017 and will be holding a

conference call for analysts and shareholders that day.

Geoff Bury, Managing Director, commented:

"We are pleased to have received further payments from TPDC and TANESCO which

demonstrates their commitment to settle invoices as soon as practicable. The

payments received year to date have enabled the Company to meet its obligations

and we continue, along with our Operator, Maurel et Prom, to work with the

Government to resolve the payment delays and clear all arrears. It is very

encouraging to see production volumes increase post the end of the rainy season

and we remain confident in achieving our production guidance for the year."

-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

Vice President +44 7841 087 230

Corporate

Development &

Investor Relations

Crux Advisers Investor Relations +47 909 808 48

Adviser

(Norway)

Carl Bachke

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

Europe Limited Adviser and Broker

(UK)

Callum Stewart

Ashton Clanfield

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

Hugh Sanderson

FTI Consulting Investor Relations wentworth@fticonsulting.com

Adviser (UK) +44 (0) 20 3727 1000

Edward Westropp

Kim Camilleri

About Wentworth Resources

Wentworth Resources is a publicly traded (OSE:WRL, AIM:WRL), independent oil &

gas company with: natural gas production; exploration and appraisal

opportunities; and large-scale gas monetisation initiatives, 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, 2016,

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.