13 Nov 2019 07:00
PRESS RELEASE 13 November 2019
WENTWORTH RESOURCES PLC("Wentworth" or the "Company")
Directorate Change
Wentworth (AIM: WEN), the AIM listed independent, East Africa-focused oil & gas company announces that Eskil Jersing, Chief Executive, is stepping down from the Board and leaving the Company with immediate effect.
Katherine Roe, currently Wentworth's Chief Financial Officer, has been appointed as Interim Chief Executive. Katherine will retain oversight of the finance function as part of her new role, with full support from the Board.
Bob McBean, Chairman, commented:
"We thank Eskil for his efforts to move Wentworth forward and wish him the best for his future endeavours. I am delighted Katherine will be stepping up and providing continuity as she addresses the opportunities ahead for Wentworth, supported by a long standing and trusted team in both Tanzania and the UK, and assisted by our experienced Board. We look forward to continuing to develop the business, building on our financially robust platform underpinned by strong revenue generation enabling the Company to issue its maiden dividend last month."
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Enquiries: Wentworth | Katherine Roe,Interim CEO and Chief Financial Officer | katherine.roe@wentplc.com+44 (0)118 2065428 |
Stifel Nicolaus Europe Limited | AIM Nominated Adviser and Joint Broker Callum StewartAshton ClanfieldSimon Mensley | +44 (0) 20 7710 7600 |
Peel Hunt LLP | Joint Broker Richard CrichtonJames Bavister | +44 (0) 20 7418 8900 |
Vigo | Investor Relations Adviser Patrick d'AnconaChris McMahon | +44 (0) 20 7390 0230 |
About Wentworth Resources
Wentworth Resources is a publicly traded (AIM: WEN), independent oil & gas company with natural gas production, exploration and appraisal opportunities in the Rovuma Delta Basin of coastal 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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