TOWER RESOURCES PLC — Regulatory Filings 2018

Jun 6, 2018

Wentworth Resources Limited : Mozambique Update - License Extension Granted

Wentworth Resources Limited : Mozambique Update - License Extension Granted

PRESS RELEASE

6 June 2018

WENTWORTH RESOURCES LIMITED

("Wentworth" or the "Company")

Mozambique update: License Extension granted

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

independent, East Africa-focused oil & gas company, is pleased to announce an

update to the Company's Onshore Rovuma asset in Mozambique ("Appraisal

License").

Further to the update at the time of the 2017 Annual Financial Statements in

March regarding the Company's formal request of a one-year extension of the

Appraisal License, the Company has received confirmation from Instituto Nacional

de Petroleo ("INP") that the extension has been granted. The extension will take

effect from 16 June 2018 and enables Wentworth, along with its partner Empresa

Nacional de Hidrocarbonetos ("ENH"), to continue to progress pre-drilling

activities in the Tembo block.

The extension request was in part related to the above ground security situation

in and around the Macimboa da Praia and Palma regions, adjacent to the Tembo

block, which remain challenging. This has prevented safe access to the area for

Wentworth staff and contractors.  The Company continues to monitor the situation

closely.

Bob McBean, Executive Chairman, said:

"We would like to thank the Minister, INP and our partner ENH for their support

in securing this extension to the Tembo licence, which gives us the time and

flexibility to progress our operational activities on the block. We remain

focused on securing an additional partner to share risk in unlocking the onshore

potential of the Rovuma basin".

-Ends-

Enquiries:

Wentworth Bob McBean rpm@wentworthresources.com

Executive Chairman

Katherine Roe katherine.roe@wentworthresources.com

Chief Financial +44 7841 087 230

Officer

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

Europe Limited Adviser and Broker

(UK)

Callum Stewart

Ashton Clanfield

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

Hugh Sanderson

David van Erp

Peel Hunt LLP Broker (UK) +44 (0) 20 7418 8900

Richard Crichton

Ross Allister

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.

Inside Information

The information contained within this announcement is deemed by Wentworth to

constitute inside information as stipulated under the Market Abuse Regulation

(EU) no. 596/2014 ("MAR"). On the publication of this announcement via a

Regulatory Information Service ("RIS"), this inside information is now

considered to be in the public domain

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, 2017,

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.