TOWER RESOURCES PLC — Investor Presentation 2014

Oct 1, 2014

Corporate Presentation October 2014

Disclaimer

The information set out in this presentation (the "Presentation") has been produced by Wentworth Resources Limited (the "Company" or "Wentworth") as of September 29, 2014 and is being made available to recipients for information purposes only. It does not constitute, nor is it intended to be an offer to sell, or an invitation to subscribe for, or purchase, any securities in the Company. The information set out in this Presentation has not been independently verified and may be subject to updating, completion, revision and amendment. The Presentation does not purport to summarize all the conditions, risks and other attributes of an investment in the Company.

The Presentation and its contents are strictly confidential and may not be reproduced or redistributed, in whole or in part, to any other person. By receiving this Presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company's business. The distribution of the Presentation may in certain jurisdictions be restricted by law. Persons into whose possession the Presentation may come are required by the Company to inform themselves about and to comply with all applicable laws and regulations in force in any jurisdiction in or from which they invest or receive or possess the Presentation and must obtain any consent, approval or permission required under the laws and regulations in force in such jurisdiction, and the Company shall not have any responsibility or liability for these obligations. No representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and, accordingly, none of Wentworth or any of its directors, officers or employees accepts any responsibility for the information, statements, matters, facts or opinions stated herein, or any liability whatsoever arising directly or indirectly from the use of or any act or omission undertaken in reliance on the Presentation.

Certain of the information contained herein may include forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes", expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", "may", "will", "should" and similar expressions. The forward-looking statements contained in the Presentation, including assumptions, opinions and views of the Company or cited from third party sources are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The forward-looking statements in this Presentation are based on certain assumptions including but not limited to expectations and assumptions concerning prevailing and future commodity prices and exchange rates, applicable royalty and tax rates, future well production rates, the performance of existing and future wells, the sufficiency of budged capital expenditures, the availability and cost of labor, services and equipment, adequate weather and environmental conditions and ability to successfully construct or expand facilities. None of the Company or any of its subsidiaries or any directors, officers or employees thereof provide any assurance that the assumptions underlying such forward-looking statements are free from errors nor does any of them accept any responsibility for the future accuracy of the opinions expressed in the Presentation or the actual occurrence of the forecasted developments. Neither the Company nor its directors or officers assumes any obligation to update any forward-looking statements or to conform these forward-looking statements to the Company's actual results.

AN INVESTMENT IN THE COMPANY INVOLVES RISK, AND SEVERAL FACTORS COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS THAT MAY BE EXPRESSED OR IMPLIED BY STATEMENTS AND INFORMATION IN THIS PRESENTATION. SHOULD UNDERLYING ASSUMPTIONS ON WHICH THIS PRESENTATION IS BASED PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THIS PRESENTATION, AND INVESTORS IN THE COMPANY MUST BE PREPARED TO LOSE ALL OR PARTS OF THEIR INVESTMENTS. THE COMPANY DOES NOT INTEND, AND DOES NOT ASSUME ANY OBLIGATION, TO UPDATE OR CORRECT THE INFORMATION INCLUDED IN THE PRESENTATION.

Certain information on a non-exhaustive list and summary of assumptions and risk factors that could affect the operations or financial results of Wentworth are included in Wentworth's corporate filings which are available on its website at www.wentworthresources.com. This Presentation and the information contained herein are not an offer of securities for sale in the United States and are not for publication or distribution to U.S. Persons (within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). This document is being distributed to, and is directed only at, persons in member states of the European Economic Area ("EEA") who are "professional investors" within the meaning of part I and II of Annex II of the MIFID directive (directive 2004/39/ec) ("professional investors"). Any person in the EEA who receives this document will be deemed to have represented and agreed that it is a professional investor. Any such recipient will also be deemed to have represented and agreed that it has not received this document on behalf of persons in the EEA other than professional investors or persons in the united kingdom and other member states (where equivalent legislation exists) for whom the investor has authority to make decisions on a wholly discretionary basis. The Company and its affiliates and others will rely upon the truth and accuracy of the foregoing representations and agreements. Any person in the EEA who is not a professional investor should not act or rely on this document or any of its contents. With respect to the United Kingdom, the information set out in this Presentation has not been written or approved by an authorized person (as defined in the United Kingdom Financial Services and Markets Act 2000). It is considered by the Company that the communication of the Presentation by it will be exempt from the financial promotion restriction (as defined in Section 21(1) of the Financial Services and Markets Act 2000, as amended) pursuant to Article 69 of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the "Order"), as the Company's shares are listed for trading on the Oslo Stock Exchange and the London Stock Exchange's Alternative Investment Market. Any investment or investment activity to which this document relates is only available in the United Kingdom to Relevant Persons; and will be engaged only with such persons within the United Kingdom. Persons who are not (within the United Kingdom) Relevant Persons should not in any circumstances rely on this Presentation. The contents of the Presentation are not to be construed as legal, business, investment or tax advice. Each recipient should consult with its own legal, business, investment and tax adviser as to legal business, investment and tax advice. By receiving the Presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company's business.

The content of this Presentation is not to be construed as legal, business, investment or tax advice. Each recipient should consult with its own professional advisors for any such matters and advice. The information contained in this Presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for or purchase the securities discussed herein in any jurisdiction. This Presentation is subject to English law, and any dispute arising in respect of this Presentation is subject to the exclusive jurisdiction of the English courts.

Wentworth Overview

• Exploration and Gas Monetisation in East Africa
• Coveted position within the prolific Rovuma Basin
• Wentworth is one of the few small independents in the region
• A number of world class discoveries have been made in the basin
• Distinctive combination of imminent production and cashflow from discovered gas and a high impact exploration programme
• Gas Sales Agreement signed and delivery of discovered gas to new pipeline expected in Q1 2015
• 2 well exploration programme started H2 2014 with the first well now drilling
• Further exploration and development wells being planned for 2015
• Recoverable resources1
• Tanzania
  • P50 Contingent 213 Bscf
  • P50 Prospective 614 Bscf
• Mozambique
  • P50 Prospective (gas case) 504 Bscf
  • P50 Prospective (gas case) 359 Bscf
  • P50 Prospective (oil case) 22 MMstb

1Source: RPS Energy Canada Ltd. resource assessment as at August 31, 2013. Wentworth's share of recoverable resources. All volumes are gross volumes, before government burdens and royalties. Unrisked volumes presented are raw gas stochastic summations of the volumes of a number of prospects before the application of the risk analysis, and assume that all prospects are successful. The probability of all prospects being successful and of realizing the volumes shown is extremely small. RPS has included in its report an analysis of the geologic probability of success for each prospect and risked stochastic consolidations (totals) of all of the prospects. RPS estimates the probability of the Tembo prospect of being oil bearing, if successful at 30%-40% 1

Wentworth Strategy

• Monetisation

• Near term commercialisation of discovered gas in Mnazi Bay Concession, Tanzania
• Take advantage of ready market for additional natural gas discoveries in Tanzania
• Develop routes for monetising any discoveries in Mozambique

• Cashflow

• Deliver first gas in Q1 2015
• Generate significant cashflow to fund future growth
• Exploration & Development
• Ongoing development programme to increase production in Tanzania
• High impact exploration programmes in both Tanzania and Mozambique

The Rovuma Basin

• A world class gas region with substantial upside potential
• Discoveries in the basin now total over 200 Tscf of recoverable gas
• The Rovuma Basin has attracted interest from the majors and national oil companies
• Several LNG and petrochemical projects at various stages of development
• Rovuma Basin has the potential to become one of the major natural gas producing regions in the world

Wentworth's Tanzania Acreage

• Mnazi Bay Partners	Exploration	Production
– Maurel et Prom (Operator)	60.075%	48.06%
– Wentworth	39.925%	31.94%
– TPDC is carried on exploration activities	-	20.00%
Onshore and near-shore acreage (756 km2) •
• Exploration history: – 5 wells drilled to date; 4 completed as producers – Extensive seismic database: 328 km2 • offshore 3D seismic (2013) • Over 2,000 km onshore/offshore 2D seismic including 315 km new data (2014) • 58 km new high res. onshore 2D seismic (2014) • Exploration potential – 6 prospects identified, further exploration being	180 160 d 140 ske Bscf)1 120 nri 100 s ( U P50 urce 80 are 60 so 40 Re Sh s ve 20 h' 0 cti ort ospe w nt	165 147 141 57 25 20
planned – 1.5 Tscf (614 Bscf Wentworth's share) unrisked P50 Prospective Resources1 23%1 – GPoS 15% – • All license commitments met	Pr e W	1 Source: RPS Energy Canada Ltd. resource assessment as at August 31, 2013. Gross volumes, before government burdens and royalties. Unrisked volumes presented are stochastic summations of the volumes of a number of prospects before the application of the risk analysis, and assume that all prospects are successful. The probability of all prospects being successful and of realizing the volumes shown is extremely small. RPS has included in 4 its report an analysis of the geologic probability of success for each prospect and risked

Mnazi Bay Development

• 4 existing wells expected to produce combined 80 mmcf/d
• Additional development wells planned to increase production up to 130 mmcf/d
• Third -party pipeline nearing completion providing access to market
• Gas Sales Agreement (GSA) now in place
• Wentworth's estimated net cost of field infrastructure US\$6.7 mm to:
• Tie in wells
• Install separation facilities
• Bank financing secured to fund near -term development activity
• First Development well planned for Q1 2015

Mnazi Bay Production

• Government-owned 36" pipeline from Mnazi Bay to Dar es Salaam
• Includes 210 mmscf/d gas processing facility at Madimba (in Mnazi Bay concession)
• Pipeline capacity ~ 750 mmscf/d
• Financed by China Exim Bank / constructed by CNPC
• Construction well underway with expected completion and commissioning in Q1 2015
• Primary markets for gas expected to be power generation and industrial use

Mnazi Bay Gas Utilization

Mnazi Bay GSA

• Mnazi Bay Gas Sales Agreement Terms:
• Initial volume: up to 80 mmscf/d (from 4 existing wells)
• After 8 months: up to 130 mmscf/d (requires additional 3 development wells)
• 17 year term
• Gas price US\$3.00 per mmbtu (US\$3.07 per mcf)
  • No pipeline tariffs or third party processing fees
  • Price escalates at US CPI
• Agreement includes payment guarantees
• Delivery of gas expected to start between 22 January and 22 April, 2015
• Expected cashflow to Wentworth of US\$20 million for first full year and US\$140 million over first 5 years of production
• Net of operating and on-going development costs
• Includes recovery of long-term receivable
• Expect a portion of 667 Bscf P50 Contingent Resources (213 Bscf Wentworth's share)1 to be re-classified as reserves

9

Wentworth's Mozambique Acreage

• Rovuma Onshore Partners

• Anadarko (Operator) 35.70%
• Maurel et Prom 27.71%
• ENH (carried on exploration) 15.00%
• Wentworth 11.59%
• PTTEP 10.00%
• Mainly onshore (11,950 km2)
• Exploration history:
• Only 2 wells previously drilled
  • Mocimboa-1 (Esso 1986): oil and gas shows in Cretaceous age turbidites
  • Mecupa-1 (Anadarko 2009): Tertiary gas show
• Exploration activity
• 7 prospects identified; 2 firm wells in 2014, Tembo currently drilling
• Extensive 2D seismic including 1,016 km acquired in 2012/13
• 4.3 Tscf (504 Bscf Wentworth's share) unrisked P50 Prospective Resources1
• GCoS 14% 22%1

¹ Source: RPS Energy Canada Ltd. resource assessment as at August 31, 2013. Unrisked volumes presented are stochastic summations of the volumes of a number of prospects before the application of the risk analysis, and assume that all prospects are successful. The probability of all prospects being successful and of realizing the volumes shown is extremely small. RPS has included in its report an analysis of the geologic probability of success for each prospect and risked stochastic consolidations (totals) of all of the prospects. RPS estimates the probability of the Tembo prospect of being oil bearing, if successful at 30%-40%

First well: Tembo-1

• Spud on 19 June 2014, anticipated completion October
• Targets in the mid Cretaceous and upper Jurassic
• Oil shows encountered in Cretaceous in both Mocimboa-1 (onshore) and Ironclad-1 (offshore)

Second well: Kifaru-1

• Estimated spud Q4 2014 post Tembo-1
• Targeting Tertiary as well as Cretaceous sands
• Tilted fault block with multiple mapped closures at different stratigraphic levels

Mozambique Monetisation

• Monetisation of an on-shore gas discovery will depend on the size of the discovery:
• Large gas discovery could support an additional LNG train as part of the offshore third party commercialisation projects
• 1 2 Tscf gas discovery could support a petrochemical project
• Smaller gas discovery could support power generation
• Future seismic and drilling operations to be considered for 2015 in the event of a discovery in the Tembo-1 or Kifaru-1 exploration wells

Summary & Outlook

• Tanzania

• Production from discovered gas in Tanzania via a new third-party pipeline scheduled for completion Q1 2015
• Transformation into a production company starting in 2015 with substantial cashflows available to fund future exploration and development activities
• Gas Sales Agreement now signed with a gas price of US\$3.07 per mcf
• Further exploration and development in Mnazi Bay to increase production and cashflow through immediately accessible market

• Mozambique

• High impact exploration activity in Q4 2014 onwards
• Future seismic and drilling operations to be considered in the event of a discovery
• Wentworth is fully funded through existing work programmes and to anticipated delivery of first gas

Appendices

Board & Executive Team

Board of Directors

Robert McBean, Executive Chairman

• Over 40 years experience in the upstream, midstream, and downstream oil and gas industries
• Former Managing Director of Qatar Fuel Additives Company (''QAFAC''), a world-scale methanol and MTBE petrochemicals facility in Qatar
• Previously Managing Director of Dubai Natural Gas Company (''DUGAS''), an associated gas LPG processing facility in Dubai, and non-executive chairman of Black Marlin Energy
• Co-founder of Scarboro Resources with interests and operations in Italy, Libya, Abu Dhabi, Indonesia, France, Pakistan and Canada.

John Bentley, Deputy Chairman

• Over 40 years of experience in international natural resource corporations at both the executive management and board level
• Instrumental in the formation of Energy Africa Ltd where he was CEO during the period 1996 through 2000
• Prior to this, he held a number of senior positions in the Gencor Group
• Currently non-executive chairman of Faroe Petroleum plc, Scotgold Resources Ltd., and a non-executive director of Kea Petroleum plc

Cameron Barton, Non-Executive Director

• Currently Chief Financial Officer of Sanjel Corporation
• Over 30 years of finance and accounting experience within the energy industry
• Before joining Sanjel, Mr. Barton was the former President, CEO and CFO of Artumas Group Limited (now Wentworth)
• Was Vice President & General Manager, and Vice President of Finance for Direct Energy Marketing Limited (owned by Centrica plc in the UK)

Neil Kelly, Non-Executive Director

• A 40+ year veteran of the upstream, midstream, and downstream oil and gas industries
• Prior to his retirement from ExxonMobil he was Managing Director of Ras Laffan LNG Company (RasGas) in the State of Qatar.
• Mr. Kelly also served as a Director of PT Arun LNG Company in Indonesia for three years during a six year assignment in Indonesia, which also saw him direct the production from the giant Arun gas field.

Richard Schmitt, Non-Executive Director

• Over 34 years of diverse international experience in the upstream oil and gas industry
• He was President and CEO of Africa Oil Corp. from 2006 until 2009.
• In 2009, Mr. Schmitt became President & CEO of Black Marlin Energy. It listed on the TSX in 2010 and seven months later was acquired by Afren PLC. Mr. Schmitt was retained as CEO of Afren EAX. Currently CEO of Octant Energy.

Board & Executive Team Cont.

Executive and Senior Management Team – Calgary and London

Geoff Bury, Managing Director

• Extensive oil and gas industry experience and strong petrochemicals project development and project management skills
• Former Chief Financial Officer of Voyager Energy Limited, an international oil and gas exploration company with interests in Trinidad
• Previously Finance Manager of Qatar Fuel Additives Company ("QAFAC"), a world-scale methanol and MTBE petrochemicals facility in Qatar, and Chief Financial Officer of Trans-Dominion Energy, an international oil and gas exploration company with interests in Trinidad, Turkey, Pakistan and Senegal

Lance Mierendorf, Chief Financial Officer

• Extensive oil and gas finance and accounting experience in the international environment
• Former Chief Financial Officer of Sonoro Energy Limited; Corporate Controller for Buried Hill Energy; and Middle East Finance Manager for Anadarko Petroleum Corporation
• Canadian Chartered Accountant

Gerold Fong, Vice President Exploration

• Exploration Geophysicist with over 30 years of international and frontier experience in numerous basins worldwide
• Former VP Caribbean Region for Niko Resources where he directed a multi-disciplinary team responsible for all of the company's operations in Trinidad
• Co-founder and CEO of Voyager Energy where he was responsible for assembling an impressive exploration portfolio in Trinidad
• Experience spans the globe and he has been involved in the evaluation and management of projects in the Caribbean, South America, Southeast Asia and East Africa

Katherine Roe, Head of Investor Relations and Corporate Communications

• Extensive oil and gas advisory and transactional experience for a range of international companies
• 14 years' experience in the City of London and former Director of Investment Banking at Panmure Gordon, heading up the Natural Resources franchise
• Holds a Bachelor's degree from the University of Bristol, England

Board & Executive Team Cont.

Richard Tainton, Senior Vice President International

• 25 years of diverse experience with engineering projects around the world including gas and power development projects
• Proven experience in the development and management of integrated gas-to-power projects in Africa and Central Asia, including working with Government Agencies and Regulatory Authorities to obtain the Government consents required for project sanction and implementation
• Recently served as Project Director for Manitoba Hydro International on energy projects in the Middle East and Central Asia
• MSc Mining Engineering Degree from the University of the Witwatersrand, Johannesburg

Salvator Ntomola, Vice President Business Development & Government Relations

• Extensive working experience with and personal relationships in the governments and the petroleum sectors of Tanzania, Kenya, Uganda, Mozambique and the Comoros
• Former Director of Exploration and Production and Deputy Managing Director for Tanzania Petroleum Development Corporation (TPDC)
• Former Director of Investment Facilitation for Tanzanian Investment Centre
• Holds a BSc in Geology from Makerere University Uganda, and a post graduate diploma in Petroleum Geology from Bergen University, Norway

Mussa Makame, Vice President Finance & Administration

• Wide ranging experience in accounting, finance and general management with private and international companies in Tanzania including PwC, Coca Cola and Airtel Tanzania
• Former Director of Finance for all Wentworth subsidiaries in Tanzania (2006 to 2008)
• Holds a BCom in Accounting from the University of Dar Es Salaam and a Certified Public Accountant

Contingent and Prospective Resources

Contingent Resources, Mnazi Bay License, Tanzania (Bscf)1
	100% Field Values			Wentworth's 31.94% Interest
	P90	P50	Mean	P10	P90	P50	Mean	P10
Gas Originally in Place	365	892	1,112	2,117	117	285	355	676
Recoverable Resources (raw gas)	271	667	834	1,594	86	213	266	509
1 Prospective Resources (Unrisked) Mnazi Bay License, Tanzania (Bscf)
	100% Field Values			Wentworth's 39.925% Interest
	P90	P50	Mean	P10	P90	P50	Mean	P10
Gas Originally in Place	1,683	2,400	2,486	3400	672	958	993	1,357
Recoverable Resources	1,064	1,537	1,596	2,201	425	614	637	879
1 Prospective Resources (Unrisked) Rovuma Onshore, Mozambique (Bscf and MMstb)
	100% Field Values			Wentworth's 11.59% Interest
	P90	P50	Mean	P10	P90	P50	Mean	P10
Gas Originally in Place – gas case	4,757	7,167	7,771	11,561	551	831	901	1,340
Recoverable Resources – gas case	2,849	4,347	4,745	7,121	330	504	550	825
Gas Originally in Place – oil case	3,667	5,123	5,329	7,198	425	594	618	834
Oil in Place – oil case	107	756	1,205	2,808	12	88	140	325
Recoverable Gas Resources – oil case	2,194	3,100	3,234	4,428	254	359	375	513
Recoverable Oil resources – oil case	25	192	277	780	3	22	32	90

¹ Source: RPS Energy Canada Ltd. resource assessment as at August 31, 2013. All volumes are gross recoverable volumes, before application of government burdens and royalties. Unrisked volumes presented are stochastic summations of the volumes of a number of prospects before the application of the risk analysis, and assume that all prospects are successful. The probability of all prospects being successful and of realizing the volumes shown is extremely small. RPS has included in its report an analysis of the geologic probability of success for each prospect and risked stochastic consolidations (totals) of all of the prospects. 16

Capital Structure

• AIM and Oslo listed – Ticker – WRL
• Shares outstanding
• Basic 153.9 million
• Fully diluted 165.4 million
• Market Capitalisation1
• £67m
• NOK 707m
• Directors and Management shareholding
• Total 7.7%

•		Key Shareholders
	–	AXA Framlington	9.4%
	–	Vitol	9.3%
	–	RP McBean	5.8%
	–	Bank Julius Bar	3.9%
	–	Hermes	3.7%
	–	Invesco	3.1%
	–	M H I S Baluch	2.8%
	–	Barclays Capital	2.7%
	–	Standard Life	2.6%