Maurel & Prom: Update on the Acquisition of Wentworth Resources

PARIS--(BUSINESS WIRE)--Regulatory News:

Etablissements Maurel & Prom S.A. (“M&P”) (Paris:MAU) is pleased to confirm that at the Court Meeting and General Meeting of Wentworth Resources (“Wentworth”), held on 23 February 2023, the requisite majority of Scheme Shareholders voted to approve the Scheme at the Court Meeting; and that the requisite majority of Wentworth shareholders voted to pass the resolution in connection with the amendment of the Wentworth articles and the implementation of the Scheme at the General Meeting.

The completion of the acquisition of Wentworth remains subject to approval of the Tanzanian authorities. M&P will provide further updates in due course.

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For more information, please visit www.maureletprom.fr/en/

This document may contain forecasts regarding the financial position, results, business and industrial strategy of Maurel & Prom. By nature, forecasts contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the future. These forecasts are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage.

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