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WRL Wentworth Res.

21.75
0.00 (0.00%)
Last Updated: 00:00:00
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 : Appointment Of Cfo

28/03/2018 7:01am

UK Regulatory


 
TIDMWRL 
 
 
 
 
 
 
   PRESS RELEASE 
 
   28 March 2018 
 
   WENTWORTH RESOURCES LIMITED 
 
   ("Wentworth" or the "Company") 
 
   Appointment of CFO 
 
   Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed 
independent, East Africa-focused oil & gas company, is pleased to 
announce the appointment of Katherine Roe as Chief Financial Officer 
("CFO") of the Company, effective 1 April 2018. 
 
   This announcement is further to the announcements made in November 2017 
and January 2018 in relation to the Company's plans to relocate its head 
office to London from Calgary, Canada and establish an executive 
management team based in London. 
 
   Katherine Louise Margiad Roe (40) has been Vice President Corporate 
Development & Investor Relations for the Company since 2014 and has 
nearly 20 years of senior corporate and capital markets experience. 
Prior to joining Wentworth, Katherine worked at Panmure Gordon and 
Morgan Stanley's investment banking divisions. She is a non-executive 
director of AIM quoted IDE Group Holdings plc, where she chairs the 
Audit Committee. Katherine is also a director of Roe Resources Limited. 
 
   Lance Mierendorf will remain in the CFO role until 31 March 2018 to 
ensure the coordination of an efficient and orderly handover to 
Katherine. 
 
   Bob McBean, Executive Chairman, said: 
 
   "I would like to thank Lance for his professional commitment and loyalty 
to the Company over the past six years. He has played a key role in 
helping to establish Wentworth's position as a pre-eminent East African 
production and exploration company. I would like to wish Lance all the 
best for his future endeavours and welcome Katherine as our new CFO; her 
experience in the UK market and ingrained knowledge of our business is 
essential as we welcome our new CEO, Eskil Jersing, and realign the 
business with our asset base and shareholders." 
 
   -Ends- 
 
 
 
 
Enquiries: 
                Bob McBean 
Wentworth        Executive Chairman                                               rpm@wentworthresources.com 
 
                Katherine Roe                                                katherine.roe@wentworthresources.com 
                 Vice President Corporate Development & Investor Relations             +44 7841 087 230 
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 
                Broker (UK) 
                 Richard Crichton 
Peel Hunt LLP    Ross Allister                                                               +44 (0) 20 7418 8900 
FTI Consulting  Investor Relations Adviser (UK)                              wentworth@fticonsulting.com 
                 Edward Westropp                                              +44 (0) 20 3727 1000 
                 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. 
 
   20180328 Press Release: http://hugin.info/136496/R/2180013/841573.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

March 28, 2018 02:01 ET (06:01 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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