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2012-08-23 - Kvartalsrapport 2012-Q2
2012-06-26 - X-dag ordinarie utdelning WEN 0.00 NOK
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2009-11-27 - Kvartalsrapport 2009-Q3
2009-08-14 - Kvartalsrapport 2009-Q2
2009-05-26 - Kvartalsrapport 2009-Q1

Beskrivning

LandKanada
SektorRåvaror
IndustriOlja & gas
Wentworth Resources är ett kanadensiskt olje- och gasbolag som bedriver prospektering, utbyggnad och produktion i ett flertal olje- och gasfält. Störst närvaro återfinns inom sydöstra Afrika. Bolaget fokuserar huvudsakligen på segmenten up- och midstream, med visionen att vara en helhetsleverantör inom branschen. Bolaget grundades 2000 och har sitt huvudkontor i Calgary, Kanada.
2018-10-02 13:30:51



2 October 2018

                          WENTWORTH RESOURCES LIMITED
                         ("Wentworth" or the "Company")

                          Primary Insider Notification
Reference is made to the stock exchange announcement by Wentworth, the Oslo Børs
(OSE:  WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas
company,  dated 2 October 2018, regarding the results  of the special meeting of
the  Company held  on 2 October  2018 (the "Special  Meeting"), resolving, inter
alia,  the re-domiciliation of Wentworth from Alberta, Canada to Jersey, Channel
Islands (the "Continuance").

Pursuant  to  the  Business  Corporations  Act  (Alberta) (the "ABCA"), eligible
shareholders   had  a  right  to  dissent  to  the  Continuance,  provided  that
notification  of such dissent  has been sent  to the Company  at or prior to the
Shareholders'  Meeting. Shareholders who have exercised (and not withdrawn) such
right  of  dissent  will,  provided  that  the Continuance becomes effective, be
deemed  to have transferred to the  Company for cancellation their common shares
(determined  as of the close  of business on the  last business day (in Alberta)
before the day of the Shareholders' Meeting (i.e. on 1 October 2018)).

Based  on a preliminary counting of  the number of shareholders having exercised
their  right of dissent and the  number of common shares held  by them as of the
relevant  date,  the  Company  announces  that  it  will  be required to acquire
2,329,326 common  shares of  the Company,  representing 0.88% of  the issued and
outstanding  common  shares  of  the  Company, from dissenting shareholders. The
relevant  shares  will  be  deemed  transferred  to  the Company at the time the
Continuance becomes effective (expected late October 2018). The Company will pay
a  price  per  common  share  acquired  equal  to  the fair value of such shares
determined  as of the close of business on 1 October 2018, as agreed between the
Company and each dissenting shareholder or, absent such agreement, as determined
by  a court of law  having jurisdiction over the  matter, as further governed by
the  ABCA. The Company will publish an update of the number of common shares the
Company  will be required to  acquire, if the number  change following the final
counting of such number of shares.

The  common shares acquired by Wentworth will be cancelled and the Company will,
following such cancellation, not own any common shares in the Company.

Enquires:

 Wentworth             Eskil Jersing,      eskil.jersing@wentworthresources.com
                       Chief Executive     +44 7717 847 623
                       Officer



                       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



 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

                       Sara Powell
                       Kim Camilleri


About Wentworth

Wentworth  is a  publicly traded  (OSE: WRL,  AIM: WRL),  independent oil  & gas
company  with: natural gas production;  exploration and appraisal opportunities;
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  period  ended  30 June 2018,
available  on  Wentworth's  website,  for  further  description of the risks and
uncertainties associated with Wentworth's business.

Notice

Neither  Oslo Børs 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.