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WRL Wentworth Res.

21.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wentworth Res. LSE:WRL London Ordinary Share CA9506771042 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 21.75 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Wentworth Resources Ltd Wentworth Resources Limited : Update On Admission Of Placement Shares

22/05/2017 7:00am

UK Regulatory


 
TIDMWRL 
 
 
 
 
   THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND 
IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, 
DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, 
JERSEY, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, 
PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. 
 
   FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL 
NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER 
TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF 
WENTWORTH RESOURCES LIMITED IN ANY JURISDICTION IN WHICH ANY SUCH OFFER 
OR SOLICITATION WOULD BE UNLAWFUL. 
 
   22 May 2017 
 
   Wentworth Resources Limited 
 
   Update on Admission of Placement Shares 
 
   Reference is made to the announcement on Thursday 18 May 2017, regarding 
the admission to trading on AIM and the Oslo Stock Exchange of the 
Placement Shares in connection with the Private Placement by Wentworth 
Resources Limited ("Wentworth" or the "Company"), the Oslo Stock 
Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East 
Africa-focused oil and gas company, as announced on Wednesday 17 May 
2017. Further to this announcement, given that full settlement proceeds 
were not received by the Company until after market hours on Friday 19 
May 2017, due to the timing of the international transfer of 
subscription monies, the admission to trading on AIM and the Oslo Stock 
Exchange will be further delayed. 
 
   It is expected that the Placement Shares will be admitted to trading on 
Tuesday 23 May 2017,on AIM and the Oslo Stock Exchange. 
 
   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. 
 
 
 
 
Enquiries: 
              Geoffrey Bury,                                             gpb@wentworthresources.com 
Wentworth      Managing Director                                               +1 403 993 4450 
 
              Lance Mierendorf,                                    lance.mierendorf@wentworthresources.com 
               Chief Financial Officer                                         +1 403 680 8773 
              Katherine Roe 
               Vice President Corporate Development and Investor    katherine.roe@wentworthresources.com 
               Relations                                                       +44 7841 087 230 
Crux          Investor Relations Adviser 
 Advisers      (Norway)                                                                     +47 909 808 48 
              Carl Bachke 
 
Stifel 
 Nicolaus 
 Europe 
 Limited      AIM Nominated Adviser and Broker (UK)                                   +44 (0) 20 7710 7600 
              Callum Stewart 
              Ashton Clanfield 
GMP 
 FirstEnergy  Broker (UK)                                                             +44 (0) 20 7448 0200 
              Hugh Sanderson 
               David van Erp 
FTI 
 Consulting   Investor Relations Adviser (UK)                                         +44 (0) 20 3727 1000 
 Edward Westropp 
  Kim Camilleri 
 
 
   Cautionary note regarding forward-looking statements 
 
   This announcement 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 announcement 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, 2016, 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 announcement and neither accepts 
responsibility for the adequacy or accuracy of this announcement. 
 
   This information is subject of the disclosure requirements pursuant to 
section 5-12 of the Norwegian Securities Trading Act. 
 
 
 
   2017 05 22 Announcement: http://hugin.info/136496/R/2106524/799777.pdf 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Wentworth Resources Limited via Globenewswire 
 
 
  http://www.wentworthresources.com/ 
 

(END) Dow Jones Newswires

May 22, 2017 02:00 ET (06:00 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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