TOWER RESOURCES PLC — Investor Presentation 2014

Mar 26, 2014

3rd East Africa Oil & Gas Summit Dar es Salaam, 27 March 2014

Disclaimer

The information set out in this presentation (the "Presentation") has been produced by Wentworth Resources Limited (the "Company" or "Wentworth") as of March 21, 2013 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. A NON-EXHAUSTIVE SUMMARY LIST OF RISK FACTORS IS INCLUDED ON THE NEXT SLIDE, ENTITLED "RISK FACTORS". SHOULD ONE OR MORE OF THESE RISKS OR UNCERTAINTIES MATERIALISE, OR 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.

Readers are cautioned that the list of assumptions and risks identified is not exhaustive. Additional information on these and other factors that could affect the operations or financial results of Wentworth may be 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.

Presenter

Robert "Bob" McBean

• 1. Founder & Executive Chairman of East Africa focussed, London Stock Exchange's AIM and Oslo-listed, Wentworth Resources Limited;
• 1. Former Non-executive Chairman of East African E&P company, TSXVlisted, Black Marlin Energy (acquired by Afren in 2010);
• 1. Co-founder, project developer, and first Managing Director of Qatar Fuel Additives Corporation (QAFAC), a Qatar-based 1,000,000 mtpa methanol and 660,000 mtpa MTBE production facility;
• 1. Co-founder, project developer, and first Managing Director of Dubai Natural Gas Company (DUGAS), an associated NGL processing and production facility in Dubai; and
• 1. Co-founder, Executive Vice President, and Director of Scarboro Resources, operating in Abu Dhabi, Indonesia, Libya, Italy, France, Pakistan, and Canada.

"Supporting Education for a Brighter Future"

Overview

A Company committed to East Africa - to date Wentworth and its partners have invested over US\$375 million in just two concession areas in Tanzania and Mozambique

• ► Distinctive Portfolio in a Prolific Rovuma Basin
• World-class discoveries have been made in the basin of over 175 Tscf GIIP (29 Bboe)
• Wentworth's two principal assets
  • o Mnazi Bay Tanzania
  • o Onshore Rovuma Mozambique
• Wentworth is a small cap independent in a region dominated by global oil majors
• 4.3 Tscf P50 unrisked Prospective Resources in Mozambique (504 Bscf Wentworth's share)* and
• 1.5 Tscf P50 unrisked Prospective Resources in Tanzania (614 Bscf Wentworth Share)*
• ► First Delivery of Mnazi Bay Gas Expected Q1 2015
• 4 existing gas wells (with current small scale production)
• Commercialization through Tanzania pipeline (under construction)
• ► High Impact 2014 Exploration Program
• Onshore Rovuma 2-3 exploration well program (Anadarko operator)
  • o Targeting both oil and gas prospects
• Considering exploration drilling in Mnazi Bay in late 2014 to prove-up further resources
• ► Value Uplift at Mnazi Bay to be Triggered by GSA
• 667 Bscf (full field, 213 Bscf Wentworth's share) P50 Contingent Resources* may be reclassified as Reserves following completion of the pipeline and GSA**

* 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.

** In reclassification of Contingent Resources to Reserves, a reduction of volume may occur due to application of economic limits to the recoverable volumes.

Wentworth's concessions are adjacent to BG Group and Anadarko's offshore areas

License	Interest %	Partners	Area (km2)	Description / Minimum Work Commitments
Tanzania:
Mnazi Bay Concession	31.94% P 39.925% E	Operator Partner	756	5 wells drilled; all encountered hydrocarbons 1 producing well on a restricted basis 3 wells completed and ready to produce
Mozambique:
Rovuma Onshore Block	11.59% P 13.64% E	Operator Partners	13,500	2nd Exploration phase requires • 400 km 2D seismic (1,016 km already acquired) • 1 exploration well in 2014
				3rd Exploration phase requires • 1 exploration well by 2015

Rovuma Basin, East Africa Exploration

A world class gas region with substantial upside potential

• ► Discoveries in the Rovuma Basin (highlighted in red) total over 175 Tcf of recoverable gas (29bnboe)
• ► 13 prospects identified within WRL acreage
• ► Mnazi Bay prospects identified within Oligocene, Paleocene & Cretaceous reservoirs have comparable seismic signatures to offshore discoveries
• ► Several prospects identified at Onshore Rovuma viewed by Wentworth to be technically similar to Anadarko's offshore discoveries
• ► Drilling to commence in Q2 2014
• ► Significant onshore gas discoveries can support offshore field and LNG development by providing feedstock for power generation
• ► Commercial oil discoveries can be efficiently transported to market via access to deep water ports

The verdict is in… 200Tcf of natural gas and counting East Africa:

LNG is on everyone's mind but power, ports, roads, pipelines and other infrastructure must come first

Mnazi Bay to Dar es Salaam Gas Pipeline Project

Pipeline Progress

East Africa: The Next Qatar?

Doha, Qatar 2014 ¹²

LNG projects make the news but petrochemicals, fertilizer, GTL, and other gas projects are viable, stand alone projects in their own right

For illustrative purposes only as every project has its own capital, feedstock and production parameters

Gas Derivatives

East Africa's Competitive Advantages

East Africa is an ideal place to produce export commodity chemicals from natural gas.

• Abundant dry, sweet gas on tidewater
• Direct sea access to the important Asian markets
• Choke points avoided - lower sea
• transportation costs
• Import substitution for local and regional fuel and fertilizer demand
• Ready market for Methanol as a blending component for gasoline
• Competitive labour and land costs

Unique Opportunity to Recreate Qatari Growth…

Downtown Doha circa 1990 Downtown Doha today

• Massive natural gas resources
• Lack of investment capital
• Lack of skilled human resource capital
• Virtually no infrastructure

What Qatar Government Did Right

• Invested in domestic power, ports, roads, and other infrastructure
• Entered into Joint Venture Agreements to attract international companies and capital
• Provided a legal and investment environment that reduced early financial risks
• NOC was involved in all aspects of project development

• Contracts once executed have been honored throughout the life of the projects

• Natural gas can transform an economy but it is not a "get rich quick" scheme

• Success depends upon long term investments in infrastructure and people
• Time to invest in infrastructure and education is now
• Foreign companies and capital can accelerate time to success
• Foreign companies will transfer knowledge
• Governments must provide fiscal environment that encourages investment and exploration for more resources

Doha Today

Robert McBean, Executive Chairman, rpm@wentworthresources.com Ph: +97150 453 9461 Eric Fore, Finance & IR Manager, etf@wentworthresources.com Ph: +97150 458 0422

Calgary Office

3210, 715-5th Avenue S.W., Calgary, Alberta T2P 2X6 Canada Ph: 1 403 294 1530 Fax: 1 403 294 1521

Dar es Salaam Office

2nd Floor, Coco Plaza, 254 Toure Drive, Oyster Bay. Dar es Salaam, Tanzania Ph: + 255 222 601 139 Fax: +255 222 601 130