TOWER RESOURCES PLC — Regulatory Filings 2015

Mar 31, 2015

Wentworth Resources Limited : Tanzania - Operational Update

Wentworth Resources Limited : Tanzania - Operational Update

PRESS RELEASE

31 March 2015

WENTWORTH RESOURCES LIMITED

("Wentworth" or "the Company")

Tanzania: Operational Update

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

independent, East Africa-focused oil & gas company, today provides an

operational update in the lead up to the first delivery of gas to the new

transnational pipeline from its assets in Tanzania and announces that drilling

operations of the MB-4 development well in the Mnazi Bay Development License

Area has commenced.

Construction of the Government owned and operated Mtwara to Dar es Salaam

pipeline is now 100% complete and the two associated processing facilities are

approximately 96% complete. Regarding the Company's assets, construction has

commenced on tying-in the existing four development wells and installing flow

lines in order to supply gas to the new pipeline and two of these wells are now

fully tied-in. The Mnazi Bay Partners have been advised by Tanzania Petroleum

Development Corporation ("TPDC") that some delays have been experienced in

commissioning and startup of the gas pipeline project and, as a result, delivery

of first gas into the pipeline is now expected to take place in July 2015.

Drilling operations of the MB-4 development well are expected to commence in the

next few days and the well is designed to penetrate the Mnazi Bay Upper and

Mnazi Bay Lower gas bearing sands of the discovered Mnazi Bay gas fields. The

MB-4 development well has a planned depth of 2,089 meters True Vertical Depth

Sub Sea and, based on the current drilling program, is expected to take

approximately two months to drill and complete. The Company will provide an

update after drilling operations have been completed. Wentworth has a 31.94% net

interest in this well, which is being operated by Maurel et Prom and drilled

with the Caroil #2 drilling rig.

Geoff Bury, Managing Director, commented:

"We are very encouraged by the progress of the pipeline infrastructure and all

aspects of the gas pipeline project. Whilst completion and commissioning delays

will impact the timing and amount of expected cash flow generated in 2015, we

see clear, tangible progress towards first gas being delivered into the new

pipeline in the summer and look forward to ramping up volumes of gas supply,

helped by additional production capacity expected from the MB-4 development

well.  In light of this delay, we are continuing to work on securing additional

debt financing to ensure that we have sufficient funds available to see us

through to first cashflow. With the pipeline project nearing completion and a

signed long-term Gas Sales Agreement, Wentworth and the Mnazi Bay Partners are

well positioned to be the first suppliers of gas into the new pipeline."

-Ends-

Enquiries:

Wentworth Geoffrey Bury, gpb@wentworthresources.com

Managing Director +403 993 4450

Lance Mierendorf, lance.mierendorf@wentworthresources.com

Chief Financial +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

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

Adviser and Broker

(UK)

Dominic Morley

Adam James

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

Capital

Travis Inlow

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

Chris Sim

Instinctif Investor Relations +44 (0) 20 7457 2020

Partners Adviser (UK)

David Simonson

Anca Spiridon

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 of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1907704]