REG - Wentworth Resources - Update on Proposed Acquisition

Wentworth ResourcesAnnouncement

29/06/2022 14:45

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RNS Number : 6831Q  Wentworth Resources PLC  29 June 2022

                29 June 2022

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

Update on Proposed Acquisition

Wentworth (AIM: WEN), the independent, Tanzania-focused natural gas production
company, is pleased to provide an update on its agreement with Scirocco Energy
plc ("Scirocco") to acquire its 25% non-operated working interest in the
Ruvuma Production Sharing Agreement ("Ruvuma Asset"), in Tanzania (the
"Transaction").

Wentworth notes the announcement from Scirocco that the proposed Transaction
received the requisite majority approval from shareholders at Scirocco's
General Meeting, held today.

The Transaction remains subject to certain regulatory approvals plus the
non-exercise or waiving of pre-emption rights by the other Ruvuma Asset JOA
partners. Wentworth will continue to update the market accordingly.

Ends

 Enquiries:

 Wentworth Resources              Katherine Roe,                                                              katherine.roe@wentplc.com (mailto:katherine.roe@wentplc.com)
                  Chief Executive Officer                                                     +44 (0) 7841 087 230

 Stifel Nicolaus Europe Limited   AIM Nominated Adviser and Joint Broker                                      +44 (0) 20 7710 7600
                  Callum Stewart
                  Ashton Clanfield
                  Simon Mensley

 Peel Hunt LLP                    Joint Broker                                                                +44 (0) 20 7418 8900
                  Richard Crichton
                  Alexander Allen

 FTI Consulting                   Communications Advisor

                  Sara Powell                                                                 wentworth@fticonsulting.com
                  Ben Brewerton                                                               +44 (0) 20 3727 1000

                  Ollie Mills

 

 About Wentworth Resources

 Wentworth Resources plc (AIM: WEN) is a leading, domestic natural gas
 producer in Tanzania with a core producing asset at Mnazi Bay in the
 onshore Rovuma Basin in Southern Tanzania.

 

About Wentworth Resources

Wentworth Resources plc (AIM: WEN) is a leading, domestic natural gas
producer in Tanzania with a core producing asset at Mnazi Bay in the
onshore Rovuma Basin in Southern Tanzania.

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.

 

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