TZ Natural Gas

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November 2011


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DisclaimerThe information set out in this presentation (the Presentation) has been produced by Wentworth Resources Limited (the Company or Wentworth) as of November 1, 2011 and is being made available to recipients forinformation purposes only. It does not constitute, nor is it intended to be an offer to sell, or an invitation to subscribe for, or purchase, any securities in the Company. The information set out in this Presentation has not beenindependently verified and may be subject to updating, completion, revision and amendment. The Presentation does not purport to summarise all the conditions, risks and other attributes of an investment in the Company.

The Presentation and its contents are strictly confidential and may not be reproduced or redistributed, in whole or in part, to any other person. By receiving this Presentation you acknowledge that you will be solely responsiblefor your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of theCompanys business. The distribution of the Presentation may in certain jurisdictions be restricted by law. Persons into whose possession the Presentation may come are required by the Company to inform themselves aboutand to comply with all applicable laws and regulations in force in any jurisdiction in or from which they invest or receive or possess the Presentation and must obtain any consent, approval or permission required under the laws

and regulations in force in such jurisdiction, and the Company shall not have any responsibility or liability for these obligations. No representation or warranty (express or implied) is made as to, and no reliance should beplaced on, any information, including projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and, accordingly,none of Wentworth or any of its directors, officers or employees accepts any responsibility for the information, statements, matters, facts or opinions stated herein, or any liability whatsoever arising directly or indirectly from theuse of or any act or omission undertaken in reliance on the Presentation.

Certain of the information contained herein may include forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates. Forward-lookingstatements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words believes, expects, predicts, intends, projects, plans, estimates, aims,foresees, anticipates, targets, may, will, should and similar expressions. The forward-looking statements contained in the Presentation, including assumptions, opinions and views of the Company or cited from thirdparty sources are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The forward-looking statements inthis Presentation are based on certain assumptions including but not limited to expectations and assumptions concerning prevailing and future commodity prices and exchange rates, applicable royalty and tax rates, future wellproduction rates, the performance of existing and future wells, the sufficiency of budged capital expenditures, the availability and cost of labour, services and equipment, adequate weather and environmental conditions andability to successfully construct or expand facilities. None of the Company or any of its subsidiaries or any directors, officers or employees thereof provide any assurance that the assumptions underlying such forward-lookingstatements are free from errors nor does any of them accept any responsibility for the future accuracy of the opinions expressed in the Presentation or the actual occurrence of the forecasted developments. Neither theCompany nor its directors or officers assumes any obligation to update any forward-looking statements or to conform these forward-looking statements to the Companys actual results.

AN INVESTMENT IN THE COMPANY INVOLVES RISK, AND SEVERAL FACTORS COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENTFROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS THAT MAY BE EXPRESSED OR IMPLIED BY STATEMENTS AND INFORMATION IN THIS PRESENTATION. A NON-EXHAUSTIVE SUMMARYLIST OF RISK FACTORS IS INCLUDED ON THE NEXT SLIDE, ENTITLED RISK FACTORS. SHOULD ONE OR MORE OF THESE RISKS OR UNCERTAINTIES MATERIALISE, OR SHOULD UNDERLYINGASSUMPTIONS ON WHICH THIS PRESENTATION IS BASED PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THIS PRESENTATION, AND INVESTORS IN THECOMPANY MUST BE PREPARED TO LOSE ALL OR PARTS OF THEIR INVESTMENTS. THE COMPANY DOES NOT INTEND, AND DOES NOT ASSUME ANY OBLIGATION, TO UPDATE OR CORRECT THEINFORMATION INCLUDED IN THE PRESENTATION.

Readers are cautioned that the list of assumptions and risks identified is not exhaustive. Additional information on these and other factors that could affect the operations or financial results of Wentworth may be included inWentworths corporate filings which are available on its website at www.wentworthresources.com. This Presentation and the information contained herein are not an offer of securities for sale in the United States and are notfor publication or distribution to U.S. Persons (within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the Securities Act)). This document is being distributed to, and is directed only at,persons in member states of the European Economic Area (EEA) who are professional investors within the meaning of part I and II of Annex II of the MIFID directive (directive 2004/39/ec) (professional investors). Anyperson in the EEA who receives this document will be deemed to have represented and agreed that it is a professional investor. Any such recipient will also be deemed to have represented and agreed that it has not receivedthis document on behalf of persons in the EEA other than professional investors or persons in the united kingdom and other member states (where equivalent legislation exists) for whom the investor has authority to makedecisions on a wholly discretionary basis. The Company and its affiliates and others will rely upon the truth and accuracy of the foregoing representations and agreements. Any person in the EEA who is not a professionalinvestor should not act or rely on this document or any of its contents. With respect to the United Kingdom, the information set out in this Presentation has not been written or approved by an authorised person (as defined in

the United Kingdom Financial Services and Markets Act 2000). It is considered by the Company that the communication of the Presentation by it will be exempt from the financial promotion restriction (as defined in Section21(1) of the Financial Services and Markets Act 2000, as amended) pursuant to Article 69 of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the Order), as the Companys shares are listedfor trading on the Oslo Stock Exchange and the London Stock Exchanges Alternative Investment Market. Any investment or investment activity to which this document relates is only available in the United Kingdom toRelevant Persons; and will be engaged only with such persons within the United Kingdom. Persons who are not (within the United Kingdom) Relevant Persons should not in any circumstances rely on this Presentation. Thecontents of the Presentation are not to be construed as legal, business, investment or tax advice. Each recipient should consult with its own legal, business, investment and tax adviser as to legal business, investment and taxadvice. By receiving the Presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and besolely responsible for forming your own view of the potential future performance of the Companys business.

The content of this Presentation is not to be construed as legal, business, investment or tax advice. Each recipient should consult with its own professional advisors for any such matters and advice. The information containedin this Presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for or purchase the securities discussed herein in any jurisdiction. This Presentation is subject toEnglish law, and any dispute arising in respect of this Presentation is subject to the exclusive jurisdiction of the English courts.

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http://www.wentworthresources.com/http://www.wentworthresources.com/


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Highlights

Wentworth is a pure East Africa play with producing gas reserves, explorationupside, and large-scale gas monetisation projects under development

Highly focused Rovuma Basin acreage in southern Tanzania and northern Mozambique

High quality production, appraisal and exploration assets; gas processing plants and pipelinesystem; and an 18MW gas-to-electricity production facility

169 Bcf of net P50 Contingent Resources (unrisked) in Mnazi Bay, Tanzania*

618 Bcf of net P50 Prospective Resources (unrisked) in Mnazi Bay, Tanzania*

154 Bcf of net P50 Prospective Resources (unrisked) in Onshore Rovuma, Mozambique*

Focused portfoliowith proven,producing naturalgas reserves

Mnazi Bay 1 firm exploration well plus 1 contingent well planned for 2011/12

Mnazi Bay 3 workovers of existing wells planned for 2012

Onshore Rovuma seismic programme planned for 2012, exploration well planned for 2013

Offshore Rovuma on-going exploration and appraisal drilling

High impact 2011-2013 explorationand appraisalcampaign

Large-scale petrochemicals project for Mnazi Bay area gas under development

3rd Party 300MW gas to electricity project at Mtwara/Mnazi Bay awaiting FID

Coastal natural gas pipeline from Mnazi Bay to Dar es Salaam being fast tracked to supplyexisting and planned power plants

Mtwara Port area free zone driving industrial development and future gas demand

Natural gasmonetisation todrive revenue, cashflow and profit

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*Unrisked recoverable resource estimates as independently determined by RPS Energy


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Strategy

To actively explore for new discoveries of oil and natural gas;

To prove up additional Mnazi Bay gas resources by drillingnew exploration and appraisal wells;

To satisfy third party demand for natural gas; and

To build a large-scale petrochemicals project to consumeMnazi Bay area gas

To become a highly profitable energy and petrochemicals producer inEast Africa

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Board & Management Team

Experienced management team of energy professionals who have

worked together previously and have extensive knowledge of East Africa Team members have undertaken similar work in Qatar, UAE &

Indonesia

Proven success and track record with financial and strategic investors

Experience in project finance and project management

Board of Directors:

Robert Bob McBean, Executive Chairman

John Bentley, Deputy Chairman

Cameron Barton, Non-Executive Director

Issa Baluch, Non-Executive Director

Neil Kelly, Non-Executive Director

Richard Rick Schmitt, Non-Executive Director

Senior Management Team:

Geoffrey Bury, Managing Director

John Dragonetti, Regional Manager, East Africa

Salvator Ntomola, Country Manager, Tanzania

Mussa Makame, Deputy Country Manager, Tanzania

Eric Bakilana, Head of Legal, Tanzania

Eric Fore,Finance & Investor Relations Manager

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Rovuma Basin

World class natural gas

discoveries in the Rovuma

Basin

Majors have moved in to

take charge

Multiple new onshore and

deepwater offshore wells

committed

LNG development lookslikely

Existing and planned gas

to power projects

awaiting gas delivery

commitments

Local and regionaldemand for gas

derivatives (e.g. Fertiliser)

will drive investment

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East Africa has the potential to be the worlds next majornatural gas province
http://www.shell.com/


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Wentworths East African portfolio

Focused East African Portfolio

Mnazi Bay Infrastructure: 25.40% ofmidstream natural gas infrastructure, 2 gasprocessing plants & 27km of pipelineMnazi Bay Power Plant: 100% share of aregulated 18MW gas-fired power productionplant (Mtwara Power Plant)

Licence Area:Approx. 756km

Working Interest:25.40% netCarried through 1 exploration well and200km 3D seismic

31.75% working interest in exploration prospects

Status:

4 wells drilled to date all encountered hydrocarbons1 producing others completed & shut-in

Partners finalising 2012 work programme

Partners:Maurel et Prom (Op): 38.22%Cove Energy: 16.38%TPDC: 20%

Mozambique: Onshore Rovuma Block

Licence Area:Approx. 13,500km

Working Interest:

11.59% participating interest13.64% paying interest in exploration phase

Status:Second phase exploration programme underway

Partners:Anadarko (Op): 35.70%Maurel et Prom: 27.71%ENH: 15%Cove Energy: 10%

Licence Area:Approx. 10,500km

Working Interest:4.95% NPR in Cove Energys profit petroleum

Status:

Windjammer : 555ft of net natural gasBarquentine: 416ft net natural gasLagosta: 550ft net natural gasTubarao: 110ft net natural gasBarquentine-2: 230ft of net natural gas

Exploration and appraisal drilling on-goingContract awarded for LNG pre-FEED study

Partners:Anadarko (Op): 36.50%Mitsui: 20%ENH: 15%Bharat Petroleum: 10%Videocon: 10%Cove Energy: 8.50%

Tanzania: Mnazi Bay* Mozambique: Offshore Rovuma Block

Other Assets*

* FMO is currently a 13% indi rect stakeholder in these assets

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Tanzania - Overview

East Africas 2nd biggest economy

with a population of approximately 44million people

Actively working to solve electricityshortages with large scale gas-to-power projects

Actively working to build atransnational gas pipeline and gasgrid to serve major populationcentres and industry

Competitive investment climate

Attractive fiscal regime - Governmentactively encouraging oil and gasupstream and downstream sectors

A large, growing and relativelyuntapped market

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Mnazi BayField

Songo SongoField

Songo Songo to Dares Salaam Pipeline

Mnazi Bay to Dar esSalaam Pipeline

Dar es Salaam


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Tanzania: Mnazi Bay

Onshore & Offshore Block

Production / Appraisal / Exploration

Working Interest: 25.40% production/31.75%exploration

756 km area in south-eastern Tanzania, borderingMozambique

4 wells drilled to date

All encountered hydrocarbons; 1 producing & otherscompleted and shut-in

MB-1 well is producing at a rate of approx. 1.7mmcf/d

Gas transported by pipeline to Mtwara Power Plant27km away

Partners:

Maurel et Prom (Operator) 38.22%P/47.78%E

Cove Energy 16.38%P/20.47%E

TPDC 20%P/0%E

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Tanzania: Mnazi Bay 2011/12 Drilling Programme

Work Programme*:

First new well will be an exploration well(Ziwani-1)

Tuscanys Caroil-5 rig has been secured andwill be moved from Pointe Noire (ROC) toMtwara

Expected to be on location in late Decemberor early January

Work to prepare the drilling site has alreadybegun

Ziwani-1 targeting Pliocene, Miocene, andOligocene sands

Exploring for gas, liquids and oil up-dip fromMnazi Bay and Msimbati Fields

Expected TD 2,700m Ziwani-1 drilling expected to be followed by a

second exploration well and workovers ofthree existing wells (MB-2, MB-3, and MSX-1)

*Wentworth is carried by its partners for the cost of a 200km 3D seismic survey and oneexploration well (or alternative work of equal cost)

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Monetising Tanzanian Gas Overview

Power Plants under various stages of development:

Demand for natural gas in Tanzania is unsatisfied due to a lack of infrastructure

Construction of a pipeline from Mtwara to Dar es Salaam is being fast tracked (targetcompletion Q4 2012) with potential for Mnazi Bay to supply up to 200 mmscf/d

Numerous power plant projects, including a 300MW power plant at Mtwara (Mnazi Bay),are at various stages of development with combined estimated natural gas demand of> 500 mmscf/d

Government priorities are: pipeline infrastructure; gas-to-electricity production; andfertiliser and methanol production

Project/Power Plant

Capacity

(MW) Location

Daily Gas

Consumption

(mmscfd) Expected Commissioning Year

Ubungo Gas Turbines 100 Ubungo, Dsm 25 2011

Somanga Power Plant 230 Somanga Fungu 58 2012

Emergency Plants 150 Dsm/Tanga 38 2013

Kinyerezi Power Plant 240 Kinyerezi, Dsm 60 2014

Mtwara Power Plant 300 Mtwara 75

Mkuranga (NSSF) 300 Mkuranga 75

CC Steam cycle 174 Dsm/Coast 44 2018

Gas Turbines 200 Dsm 50 2025

CCGT Plant 174 Dsm 44 2028

CCGT Plant 174 Dsm 44 2030

Total 2042 513

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Mnazi Bay Gas Demand Growth

Mnazi BayReserves

(Tcf)

Est. SystemDeliverability

(mmscf/d)

0.7 70+

1.5 200

2.5 340

3.7 510

mmsc

f/d

* Existing pipeline and infrastructure capable of delivering 70 mmscf/d with relatively modest capital investment

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Mtwara Methanol/Ammonia/Urea Project

In a Screening Study conducted by Nexant UK it was found that, based on current

estimates of the Mnazi Bay reserve size and the development stage of Tanzania, themost appropriate monetisation option would be methanol and ammonia/urea production

Nexant cited the following reasons for their conclusion:1. The Fertiliser value chain can be implemented on relatively small gas reserves;2. Fertiliser is a good match with development objectives in Tanzania as the country

is a large importer of urea fertiliser, needed to support important cash crop exports;3. Methanol is attractive as it requires a relatively simple conversion process and has

lower capital requirements for a similar sized investment; and4. The project would benefit from secure revenue streams from export of methanol toglobal markets.

Both value chains can be addressed with reserves in the order of 1Tcf

Why Methanol/Ammonia/Urea?

Senior Wentworth executives have considerable methanol and methanol derivatives projectdevelopment and plant operations experience

Project Development Experience

A project of this nature can be developed and built inside the concessions Production SharingAgreement, and Wentworth and the government have agreed to proceed on this basis

Project Development inside the PSA

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Methanol/Ammonia/Urea Project Timeline

Exploration and appraisaldrilling (prove up 1.2Tcf)

Field development drilling & facilitiesto supply 140 mmscf/d plus incrementalgas for other projects

On-going development drilling to ensure deliveries fora minimum of 25 years

FEED and project finance

EPC Award, plant construction,commissioning and start-up

Production (anticipated):1,000,000 TPA MEOH and 800,000 TPA Urea

18 24 months 36 40 months

Downstream

Upstream

+40 months

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Mozambique - Overview

Endowed with rich and extensivenatural resources including recentmulti-Tcf gas discoveries by Anadarkoand ENI

Since 2001 it has been one of the top10 GDP growth countries in the world

Population of approximately 23 million

Attractive fiscal regime - Governmentactively encouraging oil and gasupstream and downstream sectors

Competitive investment climate

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Mozambique: Onshore Rovuma

Primarily Onshore Block

11.59% working interest (13.64% payinginterest during exploration phases)

Approx. 13,400 km area in the Rovuma Basin

Completed a 2D seismic acquisitionprogramme over an area with very limitedexploration to date

Vintage Mocimboa-1 well encountered oil and

gas shows Recent Mecupa-1 commitment well

encountered hydrocarbons in well developedMiocene Sands

Partners:

Anadarko (Operator) 35.70%W.I./42%P.I.

Maurel et Prom 27.71%W.I./32.6%P.I.

Cove Energy 10%W.I./11.76%P.I.

ENH 15% Carried through exploration

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Mozambique: Onshore Rovuma Potential Upside

Work Programme:

Anadarko finalising second explorationphase work programme

Work programme expected to include:

additional 2D seismic acquisition in2012

at least one exploration well in 2013

Completed Work:

Only two wells drilled to date Mocimboa-1& Mecupa-1:

Mocimboa-1 contained oil and naturalgas shows

Mecupa-1 had hydrocarbon shows inwell developed Miocene sands

Seismic interpretation identified two newadditional channel features.

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Mozambique: Rovuma Offshore Area 1

Concession extends to 10,500km

Wentworth owns a 4.95% Net Profits Royalty(NPR) on Cove Energys profit petroleum

Cove Energy just released a statement saying itexpects the concession to yield in the order of40Tcf of natural gas

Partners: Anadarko (Operator) 36.5%, CoveEnergy 8.5%, Mitsui 20.0%, Videocon 10.0%,Bharat Petroleum 10.0%, and EmpressaNacional de Hidrocarbonetas 15.0%

Partners awaiting Final Investment Decision fora minumum of two LNG trains

Additional seismic acquisition, appraisal and

exploration drilling all ongoing

A second deepwater drillship being mobilised

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Facts & Financials

Total Assets US$93.6m

Cash US$13.9m

Total Revenue for the 6 months ended 30 June 2011 US$3.8m

Registered office in Calgary, Alberta

Headquarters in Dar es Salaam, Tanzania

Satellite office in London

Corporate

Top 5 Shareholders

1) Robert McBean, Executive Chairman

2) Deutsche Bank AG London Prime Brokerage Full (Nominee)

3) Issa Baluch, Non-executive Director4) Invesco Perp EUR SMA c/o Bank of New York

5) Eric Fore, Finance & Investor Relations Manager

Exchanges

AIM, symbol WRL & Oslo Brs, symbol WRL Issued and outstanding shares 80,469,940

Financials (as at 30 June 2011)

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Summary

Focused portfolio of production, appraisal and exploration assets in

East Africa with significant upside potential

High impact 2012-13 exploration and appraisal drilling

Highly experienced management team in the industry and region

Management team with proven, large-scale gas monetisation project

experience

Established industry partners with regional expertise

Clear focused strategy

Well positioned to become a leading integrated EastAfrican energy producer

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Thank You

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Appendices

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Board & Executive Team

Board StructureJohn Bentl eyDeputy Chairman

Richard Schmitt Non-Executive Director

Neil KellyNon-Executive Director

Issa BaluchNon-Executive Director

Cameron BartonNon-Executive Director

Over 40 years experience in the upstream, midstream, and downstream oil and gas industries

Former Managing Director of Qatar Fuel Additives Company (QAFAC), a world-scale methanol and MTBE petrochemicals facility in Qatar

Previously Managing Director of Dubai Natural Gas Company (DUGAS), an associated gas LPG processing facility in Dubai

Co-founder of Scarboro Resources with interests and operations in Italy, Libya, Abu Dhabi, Indonesia, France, Pakistan and Canada.

Wentworth Team

Robert McBean

Robert McBeanExecut ive Chairman

John Bentley

Richard Schmitt

Neil Kelly

Issa Baluch

Cameron Barton

Over 40 years of experience in international natural resource corporations at both the executive management and board level

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

currently non-executive chairman of Faroe Petroleum plc, Scotgold Resources Ltd., and a non-executive director of Resaca Exploitation Inc.

and Kea Petroleum plc and SacOil Holdings Ltd.

Over 34 years of diverse international experience in the upstream oil and gas industry

He was President and CEO of Africa Oil Corp. from 2006 until 2009.

In 2009, Mr. Schmitt became President & CEO of Black Marlin Energy. It listed on the TSX in 2010 and seven months later was acquired by

Afren PLC. Mr. Schmitt was retained as CEO of Afren EAX

A 40+ year veteran of the upstream, midstream, and downstream oil and gas industries

Prior to his retirement from ExxonMobil he was Managing Director of Ras Laffan LNG Company (RasGas) in the State of Qatar.

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.

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

He also serves on the Board of Directors of Miami-based The International Air Cargo Association (TIACA)

Over 30 years of finance and accounting experience within the energy industry

Before joining Sanjel, Mr. Barton was the former President, CEO and CFO of Artumas Group Limited (now Wentworth)

Was Vice President & General Manager, and Vice President of Finance for Direct Energy Marketing Limited (owned by Centrica plc in the UK)

Currently Chief Financial Officer of Sanjel Corporation

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Board & Executive Team cont.

Wentworth Team

Geoffrey Bury

John

Dragonetti

Salvator

Ntomola

Mussa Makame

Eric Fore

Eric Bakilana

Extensive oil and gas industry experience and has strong petrochemicals project development and project management skills

Former Chief Financial Officer of Voyager Energy Limited and former Finance Manager of Qatar Fuel Additives Company, a world-scalemethanol and MTBE production facility

Mr Bury obtained a Bachelor of Commerce degree from the University of Alberta in 1984 and was admitted as a member of the Institute of

Chartered Accountants of Alberta in 1987

A successful 37 year career as a senior advisor to oil & gas companies, governments, and business leaders in the Middle East, Africa and North

America

Instrumental in obtaining oil & gas exploration and development concessions in Mozambique, United Arab Emirates and Egypt as a former

senior executive of three international oil & gas companies

Mr Dragonetti has a BA in Education and MA in Management from Michigan State University

Extensive working experience with and personal relationships in the governments and the petroleum sectors of Tanzania, Kenya, Uganda,

Mozambique and the Comoros

Former Director of Exploration and Production and Deputy Managing Director for Tanzania Petroleum Development Corporation (TPDC) Also former Director of Investment Facilitation for Tanzanian Investment Centre

Holds a BSc in Geology from Makerere University Uganda, and a post graduate diploma in Petroleum Geology from Bergen University, Norway

Wide ranging experience in accounting, finance and general management with private and international companies in Tanzania including PwC,

Coca Cola and Airtel (formerly Celtel) Tanzania

Former Director of Finance for all Wentworth (formerly Artumas Group Inc.) subsidiaries in Tanzania (2006 to 2008)

Holds a BCom in Accounting from the University of Dar Es Salaam, a Certified Public Accountant (CPA) since 2000 and is currently pursuing an

MBA from Warwick Business School

Extensive experience in finance, tax, regulatory and energy law

Mr. Bakilana holds an LLM (International Finance Law) from Harvard Law School and an LLM (Banking and Finance Law) from the University of

London

He is a fellow of the Middle Temple, Barrister at Law (England and Wales) since 2002

Over 25 years of experience with company development, finance and management

Co-founder and Non-executive Director of East Africa-focused, Black Marlin Energy Limited (recently acquired by Afren plc)

Formerly M&A advisor to Nimir Petroleum Limited and Chief Financial Officer of Nimir Chemicals Limited, a Middle East-based speciality

chemicals manufacturer

Mr. Fore has a Masters of Business Administration degree from the University of Tulsa

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Resources

P90 P50 Mean P10 P90 P50 Mean P10

Recoverable Resources 271 667 834 1,594 68.8 169.4 212 405

100% Field Values

Contingent Resources (Unrisked) Mnazi Bay License, Tanzania(Bcf)

Wentworth 25.4% Intere st

P90 P50 Mean P10 P90 P50 Mean P10

Total Gas EUR 1,133 1,948 2,062 3,142 360 618 655 998

Prospective Resources (Unrisked) Mnazi Bay License, Tanzania

(Bcf)100% Field Values Wentworth 31.75% Interest

Prospective Resources (Unrisked) Rovuma Onshore, Mozambique

(Bcf)

100% Field Values Wentworth 11.59% InterestP90 P50 Mean P10 P90 P50 Mean P10

Total Gas EUR 602 1,331 1,531 2,720 70 154 177 315

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