Wentworth Resources Limited

Wentworth is an East African upstream, midstream, and downstream oil and gas company. The Company has a highly focused Rovuma Basin portfolio with:

• Proven, producing natural gas reserves
• Gas processing, pipeline, and power generation assets
• A royalty interest in the sizable gas discoveries made by Anadarko in the Rovuma Offshore Area 1 concession in northern Mozambique
• Multiple large-scale gas monetisation projects in development
• High impact exploration and appraisal drilling programmes

Wentworth's strategy is to become a leading integrated energy producer in East Africa, a region in which it has significant expertise and which is expected to evolve into a major oil and gas region.

The following key points outline the Company’s strategy:

• To actively explore for new discoveries of oil and natural gas;
• To prove up additional Mnazi Bay concession gas resources by drilling new exploration and appraisal wells;
• To develop and construct a large-scale petrochemicals project to consume Mnazi Bay area gas; and
• Produce and sell incremental gas to third parties

Our Mission:

Our mission is to become a leading, fully integrated natural gas production and energy exploration company in East Africa. We believe we will achieve this through:  focused exploration and appraisal drilling; developing and constructing natural gas monetisation infrastructure; and through large-scale natural gas production.

Our Culture:

Our company culture is based on openness and respect, and empowering our team members to play a significant role in achieving individual and group goals and objectives.

Our values:

• Respect for team members and stakeholders;
• Respect for the environment and the natural world in which we all rely;
• Transparency and fairness in all our transactions and dealings;
• Focus and dedication to delivering on our promises, goals and objectives; and
• Commitment to deliver above-average financial returns to the investors who entrust their financial resources to us

Our Goals:

• To prove up Mnazi Bay natural gas resources to justify the investment required to build additional midstream and downstream infrastructure;
• To monetise the royalty we own in the Offshore Rovuma Area 1 concession;
• To secure future financing required to participate in on-going exploration and appraisal drilling;
• To generate above-average returns on our investments; and
• To deliver shareholder value through:  asset value growth; free cash flow and net income growth; and dividends or capital appreciation.

Robert McBean - Executive Chairman 

Mr. McBean is a mechanical engineer with over 40 years’ experience in the upstream, midstream, and downstream oil and gas industries. He is an accomplished energy project developer and both a private and public company senior executive and director. His past accomplishments include: originating, developing, and serving as the first Managing Director of Qatar Fuel Additives Company, a world-scale methanol and methyl tertiary butyl ether petrochemicals facility in Qatar; originating, developing, and then serving as the first Managing Director of Dubai Natural Gas Company (‘‘DUGAS’’), an associated gas LPG processing facility in Dubai; and co-founding Scarboro Resources with interests and operations in Italy, Libya, Abu Dhabi, Indonesia, France, Pakistan and Canada.

Robert is a member of the Governance and Nomination Committee.

John Bentley - Deputy Chairman

Mr. Bentley has over 40 years of experience in international natural resource corporations at both the executive management and board level. He has a degree in Metallurgy from Brunel University. Mr. Bentley has had a specific focus in the upstream oil and gas industry in Africa having been instrumental in the formation of Energy Africa Ltd where he was CEO during the period 1996 through 2000. Prior to this, he held a number of senior positions in the Gencor Group. He is currently non-executive chairman of Faroe Petroleum plc, Scotgold Resources Ltd., and a non-executive director of Resaca Exploitation Inc., Kea Petroleum plc and SacOil Holdings Ltd.

John is a member of the Audit Committee, Compensation Committee and the Governance and Nomination Committee.

Issa Baluch - Non-Executive Director

Mr. Baluch is a past President of the Zurich based International Federation of Freight Forwarders Associations (FIATA) (2003 to 2005) and continues to serve as its board member. Mr. Baluch was recently appointed as chairman of Togo-based cargo airline Africa West following the acquisition of a controlling interest in Africa West by Dubai’s Global Investments Limited. He also serves on the Board of Directors of Miami-based The International Air Cargo Association (TIACA). He served on the Advisory Board of Dubai Logistics City, and the Marketing Committee for the Dubai Flower and Perishables Center. He is an accomplished author of numerous industry publications, books, and educational textbooks. Mr. Baluch is also well known for his support of philanthropic projects throughout Africa and Asia which include: a model farm in Ghana; children relief projects; and orphanages in Kenya, Uganda and South Africa.

Issa is a member of the Compensation Committee and the Governance and Nomination Committee.

Cameron Barton - Non-Executive Director

Mr. Barton has over 30 years of finance and accounting experience within the energy industry and has held senior financial executive positions for multinational corporations in both Canada and New Zealand. He is currently the Chief Financial Officer with Sanjel Corporation, Canada’s largest independently owned international oil and gas pumping services company. Before joining Sanjel, Mr. Barton was the former President, CEO and CFO of Artumas Group Limited (now Wentworth). Mr. Barton served three years as Vice President and General Manager, and as Vice President of Finance (Canadian Western Region), for Direct Energy Marketing Limited (owned by Centrica plc in the UK). He also worked three years with Alberta’s largest transmission owner, AltaLink L.P., in the position of Vice President Business Development. Mr. Barton enjoyed 18 years with TransAlta Corporation, holding various management positions including Director of Financial Operations for their Transmission, Distribution and Retail business. Mr. Barton received his Bachelor’s degree from the University of Lethbridge and is a Certified Member of the Society of Management Accountants of Alberta.

Cameron is a member of the Audit Committee.

Neil Kelly - Non Executive Director

Mr. Kelly is a 40+ year veteran of the upstream, midstream, and downstream oil and gas industries. He held managerial positions responsible for the operation of both major offshore (Norway) and onshore oil and gas facilities (Nigeria and Indonesia). Prior to his retirement from ExxonMobil he was Managing Director of Ras Laffan LNG Company (RasGas) in the State of Qatar. In this role he oversaw the development of the company and the construction of the LNG plant, and the offshore gas production facilities to provide feedstock to the plant. This multi-billion US dollar project was started up ahead of schedule and on budget. Mr. Kelly also served as a Director of PT Arun LNG Company in Indonesia for three years during a six year assignment in Indonesia, which also saw him direct the production from the giant Arun gas field. Mr. Kelly is a registered Professional Engineer in the Province of British Columbia, Canada and has both BSc and MSc degrees in Mechanical Engineering.

Neil is a member of the Audit Committee.

Richard Schmitt - Director

Mr. Schmitt holds a B.Sc. in Geological Sciences from the University of Aston in Birmingham, England. Mr. Schmitt has 34 years of diverse international experience in the upstream oil and gas industry with expertise in exploration, exploitation, operations and new ventures. A significant part of his career was spent managing and developing projects in Yemen, culminating in 5 years as Occidental’s President and General Manager in that country. He was President and CEO of Africa Oil Corp. from 2006 until 2009. In October 2009, Mr. Schmitt became President  & CEO of Black Marlin Energy with exploration projects in Seychelles, Kenya, Madagascar and Ethiopia. A public listing on the Toronto Venture Exchange was secured in March, 2010 and aggressive exploration programs implemented in all of those jurisdictions. The company was subsequently acquired by Afren PLC in October, 2010 and Mr. Schmitt was retained as CEO of Afren EAX. Mr. Schmitt left Afren EAX on January 31, 2011 and joined the Board of Wentworth Resources on March 17, 2011.

Significant Shareholders:

Director's Shareholdings: