Wentworth Resources Limited : Q2 2013 Financial Statements and MD&A

Wentworth Resources Limited

("Wentworth" or the "Company")

Q2 2013 Financial Statements and MD&A

Wentworth Resources Limited, the Oslo Stock Exchange (OSE: WRL) and London Stock Exchange (AIM: WRL) listed independent, East Africa-focused oil & gas company, today announces its results for the second quarter and six months ended June 30, 2013.

The following should be read in conjunction with the Q2 2013 Management Discussion and Analysis and Financial Statements which are available on the Company's website at http://www.wentworthresources.com.

Q2 2013 HIGHLIGHTS

• Secured a $10 million, long-term debt facility from Vitol Group ("Vitol"), a leading physical energy trading house and shareholder of Wentworth. In conjunction with the loan, Vitol was issued 5,000,000 share purchase warrants each exercisable into one common share of the Company on or before December 31, 2015 at an exercise price of US$1.24 per share.

• Continued processing and interpreting of newly acquired seismic in both the Rovuma Onshore Block in Mozambique and the Mnazi Bay Concession in Tanzania.

• Negotiations of a gas sales agreement ("GSA") continued with the Government of Tanzania to supply Mnazi Bay Concession natural gas to the planned Mtwara to Dar es Salaam Pipeline which is expected to be completed at the end of 2014.

• Second quarter exploration capital expenditures of $0.62 million compared to $1.22 million during the same period in 2012.

• Revenues from continuing operations for the quarter of $0.24 million, up by 33% from Q2 2012.

• Loss from operating activities for the quarter of $2.49 million compared to a loss of $2.22 million during the same period in 2012.

• Cash and cash equivalents on hand at June 30, 2013 of $4.51 million compared to $9.35 million on hand at December 31, 2012.

• Working capital at June 30, 2013 of $8.69 million.

Outlook

• The Company's immediate focus continues to be on concluding the GSA, initially to supply 80 mmcf/day of gas from the Mnazi Bay and Msimbati gas fields within our concession to the planned pipeline in Tanzania.

• A drilling rig has been contracted to drill two onshore exploration wells plus an optional third well in Mozambique commencing in Q2 2014. Drilling program planning has commenced including purchasing long lead items, obtaining environmental permits and preparing site locations.

• Commencing in September 2013 the partners have agreed to acquire approximately 320km of new onshore 2D seismic over the Mnazi Bay Concession. A seismic contractor has been secured and the parameters of the acquisition program are being developed.

• Capital available to the Company is expected to be sufficient to meet currently approved capital and operational budget commitments into Q4 2013. Management are assessing Wentworth's funding requirements and financing options for the next phase of development.

Geoff Bury, Managing Director, commented:

"Securing a $10 million debt facility with favorable terms in June provided Wentworth with the funds necessary to advance key initiatives which we expect will have a significant impact on shareholder value.

In Tanzania, the Government and the Mnazi Bay partners are eager to reach agreement on remaining issues and conclude a gas sales agreement in the near future. Ongoing G&G studies, including interpretation of new offshore 3D and onshore 2D seismic data, will help high-grade existing prospects; possibly identify new prospects; and support future development of our resources.

In Mozambique, our operator and partner, Anadarko Petroleum, has secured a drilling rig and the partners are finalizing well locations for two firm exploration wells plus an optional third well in 2014.

As we enter this very busy and important phase of Wentworth's development we are assessing our funding requirements and considering financing options. We look forward to updating shareholders on all of these activities in the near future."

A supporting presentation is available for download on the Company's website atwww.wentworthresources.com, which will also be presented at the conference call with management at 08:00 MDT (Calgary) / 15:00 BST (London) / 16:00 CEST (Oslo). Please refer to the Company's announcement of 16 August 2013 for further details.

Enquiries:

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

Gerold Fong, (BSC Geophysics, 1982) the company's competent person, is the Vice President of exploration for the company. Gerold Fong has 31 years of experience in the exploration and production industry.

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.

Q2 2013 Financial Statements
Q2 2013 MDA and Directors Report
2013 08 22 Press Release

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