Wentworth Resources PLC Update on Proposed Acquisition (6831Q)
29 Juin 2022 - 3:38PM
UK Regulatory
TIDMWEN
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
Chief Executive Officer +44 (0) 7841 087 230
AIM Nominated Adviser and
Joint Broker
Callum Stewart
Stifel Nicolaus Europe Ashton Clanfield
Limited Simon Mensley +44 (0) 20 7710 7600
Joint Broker
Richard Crichton
Peel Hunt LLP Alexander Allen +44 (0) 20 7418 8900
FTI Consulting Communications Advisor wentworth@fticonsulting.com
Sara Powell +44 (0) 20 3727 1000
Ben Brewerton
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.
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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END
STREADKNADKAEFA
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June 29, 2022 09:38 ET (13:38 GMT)
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