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TOWER RESOURCES PLC Regulatory Filings 2014

Jun 20, 2014

7980_iss_2014-06-20_9b83bfd8-6e44-4959-9916-1572b1475548.html

Regulatory Filings

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Wentworth Resources Limited : Mozambique: Tembo-1 Drilling Operations Commence

Wentworth Resources Limited : Mozambique: Tembo-1 Drilling Operations Commence

PRESS RELEASE

Wentworth Resources Limited

("Wentworth" or the "Company")

Mozambique: Tembo-1 Drilling Operations Commence

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

independent, East Africa-focused oil & gas company, today announces that

drilling operations have commenced on the Tembo-1 well in the Rovuma Onshore

Concession in northern Mozambique.  Wentworth has an 11.59 percent net interest

in this well which is being operated by Anadarko and drilled with the Helmerich

& Payne rig #243.

The Tembo-1 well is targeting mid-Cretaceous sands with secondary targets in the

upper Jurassic.  Tembo-1 has a planned total depth of 4,250 meters True Vertical

Depth Sub Sea and is expected to take between 60 and 90 days to complete.  An

update on drilling operations will be provided after drilling operations have

been fully completed.

To date there have been two wells drilled in the Rovuma Onshore Concession

including the Mocimboa-1 well, which encountered oil and natural gas shows in

the Cretaceous and is located approximately 17 kilometres to the northeast of

the Tembo-1 well.

Geoff Bury, Managing Director, commented:

"The Tembo-1 well is designed to test Cretaceous and Jurassic sands in the

onshore area of the Rovuma Basin in northern Mozambique, and is the first of two

wells that Wentworth will be participating in over the next six months at the

concession.  The Tembo prospect is one of the larger prospects (on pre-drill

estimates) to be drilled to date in the onshore Rovuma Basin region of East

Africa.  It is a high impact frontier well and, if successful, could add

significant new oil or natural gas resources for Wentworth and open up an

entirely new play fairway."

-Ends-

Enquiries:

Wentworth Geoffrey Bury, Managing [email protected]

Director +403 993 4450

Katherine Roe, Head of [email protected]

Investor Relations & Corporate +44 7841 087 230

Communications

Swedbank Broker (Norway) +47 23 23 80 00

Ove Gusevik

Jarand Lønne

Crux Kommunikasjon Investor Relations Adviser +47 995 138 91

(Norway)

Jan Petter Stiff

Fredrik Eeg

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

Broker (UK)

Callum Stewart

Adam James

Tom Salvesen

Duncan Monteith

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

Majid Shafiq

Travis Inlow

Investec Broker (UK) +44 (0) 20 7597 4000

Chris Sim

Instinctif Partners Investor Relations Adviser +44 (0) 20 7457 2020

(UK)

Catherine Wickman

Harry Cameron

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.

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, 2013,

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#1796410]