November 2011

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Highlights
Wentworth is a pure East Africa play with producing gas reserves, exploration upside, 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 pipeline system; 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 portfolio with proven, producing natural gas reserves

High impact 20112013 exploration and appraisal campaign

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

Natural gas monetisation to drive revenue, cash flow and profit

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 supply existing and planned power plants Mtwara Port area free zone driving industrial development and future gas demand

*Unrisked recoverable resource estimates as independently determined by RPS Energy

Strategy
To actively explore for new discoveries of oil and natural gas; To prove up additional Mnazi Bay gas resources by drilling new exploration and appraisal wells; To satisfy third party demand for natural gas; and To build a large-scale petrochemicals project to consume Mnazi Bay area gas

To become a highly profitable energy and petrochemicals producer in East Africa

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

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 looks likely Existing and planned gas to power projects awaiting gas delivery commitments Local and regional demand for gas derivatives (e.g. Fertiliser) will drive investment

East Africa has the potential to be the worlds next major natural gas province

Wentworths East African portfolio

Focused East African Portfolio
Tanzania: Mnazi Bay*
Licence Area: Approx. 756km Working Interest: 25.40% net Carried through 1 exploration well and 200km 3D seismic 31.75% working interest in exploration prospects Status: 4 wells drilled to date all encountered hydrocarbons 1 producing others completed & shut-in Partners finalising 2012 work programme Partners: Maurel et Prom (Op): 38.22% Cove Energy: 16.38% TPDC: 20%

Mozambique: Offshore Rovuma Block

Licence Area: Approx. 10,500km Working Interest: 4.95% NPR in Cove Energys profit petroleum Status: Windjammer : 555ft of net natural gas Barquentine: 416ft net natural gas Lagosta: 550ft net natural gas Tubarao: 110ft net natural gas Barquentine-2: 230ft of net natural gas Exploration and appraisal drilling on-going Contract awarded for LNG pre-FEED study Partners: Anadarko (Op): 36.50% Mitsui: 20% ENH: 15% Bharat Petroleum: 10% Videocon: 10% Cove Energy: 8.50%

Mozambique: Onshore Rovuma Block

Licence Area: Approx. 13,500km Working Interest: 11.59% participating interest 13.64% 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%

Other Assets* Mnazi Bay Infrastructure: 25.40% of midstream natural gas infrastructure, 2 gas processing plants & 27km of pipeline Mnazi Bay Power Plant: 100% share of a regulated 18MW gas-fired power production plant (Mtwara Power Plant)
* FMO is currently a 13% indirect stakeholder in these assets

Tanzania - Overview
East Africas 2nd biggest economy with a population of approximately 44 million people Actively working to solve electricity shortages with large scale gas-topower projects Actively working to build a transnational gas pipeline and gas grid to serve major population centres and industry Competitive investment climate Attractive fiscal regime - Government actively encouraging oil and gas upstream and downstream sectors A large, growing and relatively untapped market
Mnazi Bay to Dar es Salaam Pipeline Dar es Salaam

Songo Songo to Dar es Salaam Pipeline

Songo Songo Field

Mnazi Bay Field

Tanzania: Mnazi Bay

Onshore & Offshore Block Production / Appraisal / Exploration Working Interest: 25.40% production/31.75% exploration 756 km area in south-eastern Tanzania, bordering Mozambique 4 wells drilled to date All encountered hydrocarbons; 1 producing & others completed and shut-in MB-1 well is producing at a rate of approx. 1.7mmcf/d Gas transported by pipeline to Mtwara Power Plant 27km 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 and will be moved from Pointe Noire (ROC) to Mtwara Expected to be on location in late December or early January Work to prepare the drilling site has already begun Ziwani-1 targeting Pliocene, Miocene, and Oligocene sands Exploring for gas, liquids and oil up-dip from Mnazi Bay and Msimbati Fields Expected TD 2,700m Ziwani-1 drilling expected to be followed by a second exploration well and workovers of three 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 one exploration well (or alternative work of equal cost)

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Monetising Tanzanian Gas Overview

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 (target completion 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; and fertiliser and methanol production

Power Plants under various stages of development:

Project/Power Plant Ubungo Gas Turbines Somanga Power Plant Emergency Plants Kinyerezi Power Plant Mtwara Power Plant Mkuranga (NSSF) CC Steam cycle Gas Turbines CCGT Plant CCGT Plant Total Daily Gas Consumption Capacity (mmscfd) (MW) Location Expected Commissioning Year 100 Ubungo, Dsm 25 2011 230 Somanga Fungu 58 2012 150 Dsm/Tanga 38 2013 240 Kinyerezi, Dsm 60 2014 300 Mtwara 75 300 Mkuranga 75 174 Dsm/Coast 44 200 Dsm 50 174 Dsm 44 174 Dsm 44 2042 513

2018 2025 2028 2030

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Mnazi Bay Gas Demand Growth

Mnazi Bay Reserves (Tcf) Est. System Deliverability (mmscf/d)

0.7 1.5 2.5 3.7

70+ 200 340 510

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

mmscf/d

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Mtwara Methanol/Ammonia/Urea Project

Why Methanol/Ammonia/Urea? 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, the most 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; and 4. The project would benefit from secure revenue streams from export of methanol to global markets. Both value chains can be addressed with reserves in the order of 1Tcf Project Development Experience Senior Wentworth executives have considerable methanol and methanol derivatives project development and plant operations experience Project Development inside the PSA A project of this nature can be developed and built inside the concessions Production Sharing Agreement, and Wentworth and the government have agreed to proceed on this basis

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Methanol/Ammonia/Urea Project Timeline

Upstream

Exploration and appraisal drilling (prove up 1.2Tcf) Field development drilling & facilities to supply 140 mmscf/d plus incremental gas for other projects On-going development drilling to ensure deliveries for a minimum of 25 years

18 24 months

36 40 months

+40 months

Downstream

FEED and project finance EPC Award, plant construction, commissioning and start-up

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

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Mozambique - Overview
Endowed with rich and extensive natural resources including recent multi-Tcf gas discoveries by Anadarko and ENI Since 2001 it has been one of the top 10 GDP growth countries in the world Population of approximately 23 million Attractive fiscal regime - Government actively encouraging oil and gas upstream and downstream sectors Competitive investment climate

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Mozambique: Onshore Rovuma

Primarily Onshore Block 11.59% working interest (13.64% paying interest during exploration phases) Approx. 13,400 km area in the Rovuma Basin Completed a 2D seismic acquisition programme over an area with very limited exploration to date Vintage Mocimboa-1 well encountered oil and gas shows Recent Mecupa-1 commitment well encountered hydrocarbons in well developed Miocene 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

Completed Work: Only two wells drilled to date Mocimboa-1 & Mecupa-1: Mocimboa-1 contained oil and natural gas shows Mecupa-1 had hydrocarbon shows in well developed Miocene sands Seismic interpretation identified two new additional channel features.

Work Programme: Anadarko finalising second exploration phase work programme Work programme expected to include: additional 2D seismic acquisition in 2012 at least one exploration well in 2013

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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 it expects the concession to yield in the order of 40Tcf of natural gas Partners: Anadarko (Operator) 36.5%, Cove Energy 8.5%, Mitsui 20.0%, Videocon 10.0%, Bharat Petroleum 10.0%, and Empressa Nacional de Hidrocarbonetas 15.0% Partners awaiting Final Investment Decision for a 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

Corporate
Registered office in Calgary, Alberta Headquarters in Dar es Salaam, Tanzania Satellite office in London

Top 5 Shareholders
1) 2) 3) 4) 5) Robert McBean, Executive Chairman Deutsche Bank AG London Prime Brokerage Full (Nominee) Issa Baluch, Non-executive Director Invesco Perp EUR SMA c/o Bank of New York 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)

Total Assets US$93.6m Cash US$13.9m Total Revenue for the 6 months ended 30 June 2011 US$3.8m

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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 East African energy producer

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Thank You

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Appendices

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Board & Executive Team

Board Structure
Robert McBean
Executive Chairman

John Bentley
Deputy Chairman

Cameron Barton
Non-Executive Director

Issa Baluch
Non-Executive Director

Neil Kelly
Non-Executive Director

Richard Schmitt
Non-Executive Director

Wentworth Team Robert McBean

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. 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 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

John Bentley

Cameron Barton

Issa Baluch

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) 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. 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

Neil Kelly

Richard Schmitt

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Board & Executive Team cont.

Wentworth Team Geoffrey Bury
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-scale methanol 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

John Dragonetti Salvator Ntomola Mussa Makame

Eric Bakilana

Eric Fore

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Resources
Contingent Resources (Unrisked) Mnazi Bay License, Tanzania (Bcf) 100% Field Values P90 P50 Mean P10 Recoverable Resources 271 667 834 1,594 Wentworth 25.4% Interest P90 P50 Mean P10 68.8 169.4 212 405

Prospective Resources (Unrisked) Mnazi Bay License, Tanzania (Bcf) 100% Field Values P90 P50 Mean P10 Total Gas EUR 1,133 1,948 2,062 3,142 Wentworth 31.75% Interest P50 Mean P10 P90 360 618 655 998

Prospective Resources (Unrisked) Rovuma Onshore, Mozambique (Bcf) 100% Field Values P50 Mean P10 1,331 1,531 2,720 Wentworth 11.59% Interest P90 P50 Mean P10 70 154 177 315

P90 Total Gas EUR 602