Wentworth Resources Plc : Information About the Delisting from the Oslo Stock Exchange
November 30 2018 - 2:00AM
PRESS RELEASE
29 November 2018
WENTWORTH
RESOURCES PLC
("Wentworth" or the "Company")
Information about
the delisting from the Oslo Stock Exchange
Wentworth, the Oslo Stock Exchange
(OSE: WEN) and AIM (AIM: WEN) listed independent, East
Africa-focused oil & gas company: Reference is made to the
announcement published on 14 November 2018 regarding the delisting
of the Company's shares (in the form of registered beneficial
interests (deposit rights)) (the "Securities")
from the Oslo Stock Exchange from 14 February 2019.
The Company has today published an
information letter directed towards shareholders of the Company
whose Securities are registered in the Norwegian Central Securities
Depository (the "VPS") and contains important
information regarding the continued registration of the Securities
in the VPS following the delisting of the Securities from the Oslo
Stock Exchange and the process for transfer of Securities to the UK
settlement system CREST.
The information letter is attached
to this announcement and will be available on the Company's
website, under https://wentplc.com/investors/documents/
-Ends-
Enquiries:
Wentworth |
Bob
McBean,
Executive Chairman
Eskil Jersing,
Chief Executive Officer
Katherine Roe,
Chief Financial Officer |
rpm@wentworthresources.com
eskil.jersing@wentworthresources.com
+44 7717 847623
katherine.roe@wentworthresources.com
+44 7841 087 230 |
Stifel Nicolaus Europe Limited |
AIM Nominated Adviser and Broker
(UK)
Callum Stewart
Ashton Clanfield
Simon Mensley |
+44 (0) 20 7710 7600 |
Peel Hunt LLP |
Broker (UK)
Richard Crichton
Ross Allister |
+44 (0) 20 7418 8900 |
Vigo |
Investor Relations Adviser (UK)
Patrick d'Ancona
Chris McMahon
Kate Rogucheva |
+44 (0) 20 7830 9700 |
About Wentworth
Resources
Wentworth Resources is a publicly
traded (OSE: WEN, AIM: WEN), 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.
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.
181129 Press Release
181129 Letter to Shareholders of VPS Interest
This
announcement is distributed by West Corporation on behalf of West
Corporation 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 Plc via Globenewswire
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