Wentworth Energy, Inc.
OTC Bulletin Board : WNWG

Wentworth Energy, Inc.

January 18, 2006 08:38 ET

Wentworth Energy Secures $1.5 Million Institutional Financing from Cornell Capital Partners LP

FORT WORTH, TEXAS--(CCNMatthews - Jan. 18, 2006) -

Investment Provides Cash Influx to Fund Company Growth

Wentworth Energy, Inc. (OTCBB:WNWG) announced today that it has secured $1,500,000 in financing from Cornell Capital Partners, LP ("Cornell") to fund continued exploration and development of its diverse portfolio of high value, low risk energy projects.

Under this financing, closed on January 17, 2006, the Company sold to Cornell a total of $1,500,000 in Secured Convertible Debentures (the "Debenture"). This debenture matures in three years on January 16, 2009. During the term of the Debenture, Cornell may, at any time, convert all or part of the principal amount of the Debenture into the Company's common stock at a share price that is the lower of (a) $0.65 per share, effectively an 18% premium to the current market price or (b) 15% discount to the market price at the time of conversion.

The Company has already received a first installment of $1,000,000. A second installment of $500,000 will be advanced prior to the Company filing a registration statement with the Securities and Exchange Commission in connection with this transaction.

"We are delighted to have the financial backing of a strong institutional investor like Cornell Capital Partners," said John Punzo, CEO of Wentworth Energy. "I believe 2006 will be the defining year for our Company as we move forward with the diverse oil and gas projects in our portfolio. I am very excited about the prospects ahead. We expect this financing from Cornell will carry us through some major milestones."

"We believe Wentworth Energy has a unique opportunity in the oil and gas business," stated Mr. David Kopp, Senior Vice President, Corporate Finance at Cornell Capital. "The Company's strategy together with its experienced management team position it well for future growth."

About Wentworth Energy, Inc.

Located in Forth Worth, Texas, Wentworth Energy, Inc. is a diversified energy company focused on the responsible development of America's natural resources while providing maximum shareholder value. Wentworth Energy will apply innovative technologies towards the discovery and development of a diverse portfolio of high value, low risk energy projects such as the Company's opportunities in the oil sands of eastern Utah, the prolific oil and gas fields of the Gulf Coast, and the Texas Barnett Shale gas play. Wentworth Energy trades under the ticker symbol WNWG. For more information on the Company visit www.wentworthenergy.com

About Cornell Capital Partners LP

Launched in 2001, Cornell Capital has committed over $1bn in capital to over 150 companies listed in US, UK, Australia, Germany, Singapore and Canada. Cornell Capital Partners provides innovative financing solutions to growing companies in the small-cap sector, worldwide. For more information please visit: http://www.cornellcapital.com

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate", "believe", "estimate", "may", "intend", "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

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