NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE UNLAWFUL.

PRESS RELEASE                                                                        22 November 2013

Wentworth Resources Limited

("Wentworth" or the "Company")

Final Results of Subsequent Offering

The subscription period in the Subsequent Offering in Wentworth expired at 16:30 hours (CET) on 20 November 2013. At the end of the subscription period, the Company had received valid subscriptions for a total of 27,867,322 new shares. 9,254,403 new shares were offered, and the Subsequent Offering was consequently oversubscribed by approximately 201%. A total of 4,180,773 new shares have been allocated to subscribers on the basis of exercised subscription rights. The remaining 5,073,630 new shares have been allocated to holders of subscription rights as a result of oversubscription. No allocation has been made to subscribers without subscription rights.

Letters giving notification of allocated new shares and the corresponding subscription amount to be paid by each subscriber will be distributed today. Payment for the allocated shares falls due on 25 November 2013.

Through the Subsequent Offering, Wentworth will receive proceeds of NOK 35.35 million (approximately US$6 million).

The new shares will be delivered on or about 28 November 2013, trading in the new shares is expected to commence the same day ("Admission").

Application has been made for admission of the 9,254,403 new shares to trading on AIM as Depository Interests. Upon Admission, the enlarged issued share capital of the Company will total 153,539,367 common shares. This figure may then be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Wentworth under the Financial Conduct Authority's Disclosure and Transparency Rules.  

Definitions used in the Prospectus shall have the same meanings when used in this announcement, unless the context otherwise requires.

Enquiries:
Wentworth Geoff Bury, Managing Director gpb@wentworthresources.com
Lance Mierendorf, Chief Financial Officer lance.mierendorf@wentworthresources.com
+1 403 680 8773
Swedbank First Securities Manager and Settlement Agent in Norway +47 23 23 80 00
Ove Gusevik
Jarand Lønne
Crux Kommunikasjon Investor Relations Adviser
(Norway)
+47 (0) 995 138 91
Jan Petter Stiff
Fredrik Eeg
Panmure Gordon AIM Nominated Adviser and Joint Broker +44 (0) 20 7886 2500
Callum Stewart
Adam James
Charlie Leigh-Pemberton
FirstEnergy Capital Joint Broker +44 (0) 20 7448 0200
Majid Shafiq
Travis Inlow
Investec Joint Broker +44 (0) 20 7597 4000
Ben Colegrave
Chris Sim  
College Hill Investor Relations Adviser (UK) +44 (0) 20 7457 2020
Catherine Wickman
Alexandra Roper

About Wentworth Resources
Wentworth Resources is a publicly traded (OSE:WRL, AIM:WRL), independent oil & gas company with: natural gas production; midstream assets; a committed exploration and appraisal drilling programme; and large-scale gas monetisation opportunities, all in the Rovuma Delta Basin of coastal southern Tanzania and northern Mozambique.

Important Information  
THIS ANNOUNCEMENT IS AN ADVERTISEMENT. IT IS NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SHARES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF INFORMATION CONTAINED IN THE PROSPECTUS PUBLISHED ON WENTWORTH'S WEBSITE.

Neither the content of Wentworth's website nor any website accessible by hyperlinks on Wentworth's website is incorporated in, or forms part of, this announcement.

This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any New Shares, nor shall it (or any part of it), or the fact of its distribution, form the basis of, or be relied on in connection with or act as any inducement to enter into, any contract or commitment whatsoever with respect to the Private Placement, Subsequent Offering or otherwise. This announcement is not a prospectus and investors should not subscribe for or purchase any New Shares referred to in this announcement. Any offer to acquire New Shares referred to in this announcement will be made, and any investor should make his investment, solely on the basis of information in the Prospectus.

The distribution of this announcement and the offering of the New Shares in certain jurisdictions may be restricted by law. No action has been taken by the Company or FirstEnergy Capital LLP or Investec Bank plc or Swedbank First Securities that would permit an offering of such shares or possession or distribution of this announcement or any other offering or publicity material relating to such shares in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by the Company, FirstEnergy Capital LLP, Investec Bank plc, and Swedbank First Securities to inform themselves about, and to observe, such restrictions. In particular, this announcement should not be distributed, forwarded to, or transmitted in or into the United States, Canada, Japan, Australia or the Republic of South Africa.

Panmure Gordon (UK) Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in connection with the Private Placement, the Subsequent Offering, First Admission and Second Admission.  Its responsibilities as the Company's nominated adviser under the AIM Rules are owed solely to the London Stock Exchange and are not owed to the Company or to any Director or to any other person in respect of his decision to acquire shares in the Company in reliance on any part of this announcement.  Panmure Gordon (UK) Limited is acting exclusively for the Company and for no one else in connection with the Private Placement, the Subsequent Offering, First Admission and Second Admission. Panmure Gordon (UK) Limited will not regard any other person (whether or not a recipient of this announcement) as its customer in relation to the Private Placement, the Subsequent Offering, First Admission and Second Admission and will not be responsible to any other person for providing the protections afforded to customers of Panmure Gordon (UK) Limited or for providing advice in relation to the Private Placement, the Subsequent Offering, First Admission and Second Admission or any transaction or arrangement referred to in this announcement.

FirstEnergy Capital LLP and Investec Bank plc are acting as joint bookrunners and managers and Swedbank First Securities is acting as manager in connection with the Private Placement, the Subsequent Offering, First Admission and Second Admission.  FirstEnergy Capital LLP is authorised and regulated in the United Kingdom by the Financial Conduct Authority.  Investec Bank plc is authorised by the Prudential Regulation Authority in the United Kingdom and regulated by the Financial Conduct Authority in the United Kingdom.  Swedbank First Securities is authorised and regulated in Norway by the Norwegian Financial Supervisory Authority. FirstEnergy Capital LLP, Investec Bank plc and Swedbank First Securities are hereinafter referred to as the "Managers".  The Managers are acting exclusively for the Company and for no one else in connection with the Private Placement, the Subsequent Offering, First Admission and Second Admission.  The Managers will not regard any other person (whether or not a recipient of this announcement) as a customer in relation to the Private Placement, the Subsequent Offering, First Admission and Second Admission and will not be responsible to any other person for providing the protections afforded to the respective customers of the Managers or for providing advice in relation to the Private Placement, the Subsequent Offering, First Admission and Second Admission or any transaction or arrangement referred to in this announcement.

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, 2012, 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.



2013 11 22 Press Release

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