Global law firm Ashurst is advising Wentworth Resources plc on its £61.7 million recommended cash acquisition by Etablissements Maurel & Prom S.A (M&P).

Wentworth is a single-asset company, with a non-operated 31.94% interest in the Mnzai Bay gas asset in Tanzania. M&P is Wentworth's partner in the Mnazi Bay asset and is operator of the licence.

The offer will be implemented by way of a Jersey scheme of arrangement, is subject to approval from the Minister of Petroleum in Tanzania and the waiver of any right of first refusal or pre-emption right of state-owned Tanzania Petroleum Development Corporation. The scheme is expected to become effective in Q2 2023.

The Ashurst team is being led by corporate partner Tom Mercer with support from senior associates Maria McAlister, Quentin Robinson and Louise Johnson and associates Millie Gibbs and Leah Fisher. Trainee solicitors Shashtika Sundar and William Morgan also assisted.

Wentworth Resources plc is a domestic natural gas producer in Tanzania with a core producing asset at Mnazi Bay in the onshore Rovuma Basin. With rapidly growing demand and with an ambitious universal energy access target set by the Government for 2030, Wentworth plays a vital role in ensuring a reliable, affordable, and growing supply of natural gas for the local market.

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For further media information/interview opportunities please contact:

Suzanne Harley

T +44 (0)141 375 4748 / +44 (0)7917 004 1369

E suzanne.harley@ashurst.com

Notes to editors:

Ashurst is a leading international law firm with world class capability and a prestigious global client base. The firm's in-depth understanding of its clients and commitment to providing exceptional standards of service has seen it become a trusted adviser to local and global corporates, financial institutions and governments on all areas of commercial law. The firm's people are its greatest asset and it brings together lawyers of the highest calibre with the technical knowledge, industry experience and regional know-how to provide the incisive advice clients need.

Ashurst has 30 offices in 17 countries and offers the reach and insight of a global network, combined with the knowledge and understanding of local markets. With over 450 partners and a further 1,800 lawyers working across 11 different time zones, the firm is able to respond to clients wherever and whenever required. As a global team, Ashurst has a reputation for successfully managing large and complex multi-jurisdictional transactions, disputes and projects and delivering outstanding outcomes for clients.

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