Oil explorer drilling in Central America.. Belize .




Floated in the Summer on the AIM.
http://www.nwoilgas.com/

Valued at �5mill that includes � 3 mill cash...4.75p to buy..I hold.

Mitzy,
I'm assuming that as you've created and posted this thread that you hold some of these ?

I've been in since May & July with outlays at 5.25p & 6.76p so I'm very happy with today's hike in the sp...lot's more to come me thinks!

Hi skyhigh I bought some this morning for the first time they seem cheap to me but thats no guarantee..gl.

I have bought 500 pounds worth of shares already up 100 pounds.

New World Oil & Gas
Assignment of Initial 12.5% of Blue Creek Project
RNS Number : 3197Q
New World Oil & Gas
17 October 2011



New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

17 October 2011

New World Oil and Gas Plc ('New World' or the 'Company')

Ministry Approval for Assignment of Initial 12.5% Working Interest in the Blue Creek Project, Belize



New World Oil and Gas Plc, a company focused on making investments in the oil and gas sector, is pleased to announce that the Belize Ministry of Natural Resources and the Environment has formally approved the assignment of an initial 12.5% working interest in the 420 sq km Blue Creek Project located in the Pet Basin in Northwest Belize ('the Project') to New World's wholly owned subsidiary, New World Oil and Gas (Belize) Ltd ('NW Belize'). This represents the assignment of the first tranche under the Farm-Out Agreement announced on 16 June 2011 and follows the acquisition of 45 line km of 2-D seismic data and the re-payment of certain historical costs by New World to Blue Creek Exploration Ltd ('BCE') as referred to in the announcement on 20 September 2011.



The Company is continuing to carry out its Phase 2 125 line km 2-D seismic survey on the Project area, upon the completion of which, NW Belize will be transferred a further 12.5% working interest in the Project, bringing the Company's total working interest in the Project at that stage to 25%.



New World CEO William Kelleher said, "The approval from the Government of Belize for the transfer of the first 12.5% working interest in the Blue Creek Project is another significant milestone for New World. As previously announced, following the results of the first of three planned phases of our seismic programme, our Competent Person, RPS, provided an update to the CPR, specifically highlighting four structures similar to those found in the nearby producing Spanish Lookout field in the productive and highly prospective Pet Basin. The primary objective of Phase 1 was to provide greater resolution to possible structures and correlate these with the productive interval at Spanish Lookout, and this objective was achieved. Upon completion of Phase 2, it is intended that RPS will generate a second update to the CPR and we expect this to include first estimates of in-place or recoverable volumes. We expect this update to be released before the end of 2011 and look forward to updating shareholders on our progress then

I use have one of they cooker's

sp paused for breath today...should resume upward momentum tomorrow (imho)

Moving ahead now.

mitzy is this your new MATD?

No its the next PAL..

Och !

I hope you mean on the up, as pal seemed to fall as fast. Good rise today.

lol .

I know. lol. Good luck.

cheers dreamcatcher.

Been some good rises today and some well not so good. Thanks mitzy.

Just seen gibby's guess for the Ftse competition. He has me worried now. The Ftse has to fall 567 points before the end of next week for him to win. He was drunk when he entered or he knows something we dont. lol

Apologies skyhigh I didnt know there was a a existing thread.

no problem mitzy.... it's all looking extremely promising...i'm staying in for the long term!

. KeywordCompanyEPIC/TIDMSEDOL/ISIN Print Thursday 24 November, 2011New World Oil & Gas
Update for the Danica Jutland Project, Denmark
RNS Number : 6679S
New World Oil & Gas
24 November 2011



New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

24 November 2011

New World Oil and Gas Plc ('New World' or the 'Company')

Update for the Danica Jutland Project, Denmark



New World Oil and Gas Plc, a company focused on making investments in the oil and gas sector, is pleased to provide an update on the progress to date and planned work programme for 2012 at its 4,107 sq km Danica Jutland Project consisting of two licences, 1/09 and 2/09, located in the productive and highly prospective Jutland on-shore area in South Western Denmark ('the Licences').



Overview



Partner, North Sea Fund (branch of the Danish Energy Agency), formally approved New World's naming on the Joint Operating Agreements for Licences 1/09 and 2/09 of the Danica Jutland Project - formal Danish Energy Agency approval is expected in the next two weeks

Upon full completion of the earn-in work programme, New World has the option to obtain up to an 80% working interest in the Licences

Phase 1 of the 2-D seismic acquisition programme, the preliminary budget for 2012, and estimates for 2013-2015 have all been formally approved by the Licence holders

New World to begin tendering process for the 2-D seismic acquisition programme before end of Q4 2011 - expected commencement of seismic programme Q2 2012, subsequently initiating the earn-in programme

On completion of Phase 1 seismic, updated Competent Person's Report expected Q2 2012



New World CEO William Kelleher said, "The approval from our partner, North Sea Fund, for our operatorship of Licences 1/09 and 2/09 is another encouraging step forward as we progress towards commencing a 2-D seismic acquisition programme at the Danica Jutland Project. We are very excited about the Licences due to the high level of prospectivity attributed to them by our Competent Person, RPS Energy ('RPS'), in the first Competent Person's Report ('CPR'). The encouraging results provided significant evidence pointing to the presence of a working hydrocarbon system on the southern flank of the Northern Permian Basin, where our significantly sized licences are located.



"As with the updated CPR for our Blue Creek Project in Belize, we hope to be able announce reduced geological risk in Denmark to levels that support drilling. These levels currently stand at 1 in 8 for the Zechstein and 1 in 5 for the Triassic. This approach is supported by RPS in their CPR whereby they state that the acquisition of further seismic 'is the next step to identify a robust prospect'.



"We look forward to updating our shareholders on our progress in both Belize and Denmark as we pursue our stated goals of achieving early production through the use of extensive state-of-the-art technology, thereby minimising geological risk up to the point of drilling."



Further Information



The Farm-Out Agreements for Licences 1/09 and 2/09 were agreed between the Company's wholly-owned subsidiary New World Jutland ApS ('NW Jutland')and Danica Jutland ApS ('DJ'), the joint-holder of the Licences (dated 17 May, 2009) ('the Licence holders'). DJ currently has an 80% working interest in the Licences with a single partner, Danish North Sea Fund, which holds a fully-paying working interest in the remaining 20% of the Licences.



The first phase of the 2-D seismic acquisition programme ('the seismic programme') for the Licences (as previously described in the Company's 11 October 2011 announcement) was formally approved by the Licence holders at an Operations Committee meeting held on 14 November 2011 in Copenhagen, Denmark. This will entail the permitting for, and acquisition, processing and interpretation of 50 line kilometres of 2-D seismic on each of the Licences during Q2 of 2012. In addition, a preliminary budget for 2012, and estimates for 2013 - 2015 were also approved.

The Company will begin the tendering process for the seismic programme before the end of 2011, with a view of commencing at the beginning of Q2 2012 at an aggregate cost of US$1.25 million which will deliver an initial 12.5% working interest in the Licences. The Company has the option to increase its working interest to 25% by the investment in further seismic data, and to 80% by funding the completion of one exploration well on each Licence.



Following the completion of the first phase of the seismic programme, the Company's Competent Person, RPS, will provide an updated CPR, further high-grading prospective drillable prospects, which is expected at the end of Q2 2012.

Good news dreamcatcher 2012 should be a great year.

Buying interest today.

Tipped as a buy in Shares mag.

Strong buying again today thanks to last weeks tip.

RNS out this morning according to the CPR they have 294 mills of oil.

Gets better and better!

Looking forward 2012 could be an exciting year.

http://www.youtube.com/user/ishareinfotv?feature=mhee#p/u/1/lq_azTRZhgc

Shore capital estimate a nav of 28p due to the positive CPR on Tuesday.

dreamcatcher..
next time your horse is running let me know.

mitzy, Is it a good runner. lol

It won the 4.30pm Wolverhampton with Hayley Turner on board.

I thought it had been a faller. What was the odds 1000/1 :-)

Found it - Shame my shares do not have this luck. lol


Wolverhampton 4.30 Full Result

1st 7 Dream Catcher (SWE) 9-2 CF

All the other horses must have fallen over, its 1st win this year.

lol.

the markets are closed now I think so a half day .

Happy christmas mitzy

All the best dreamcatcher.

Happy Xmas all and a happy & v prosperous NYr! especially for us NEW holders! it's looking good....GLA

just introducing myself

i am a large holder and this is my first post on this BB
known as dross on ADVFN

happy and healthy new year

do you guys know about the proactive presentation on the 12th Jan ?

Mr D

Welcome Mr Dross and good luck next year

RNS out this morning.

good day testing 10p+ again

below is something thats been put together over on advfn

enjoy


-----------------------------------------

NEW WORLD OIL ( NEW )

Hunting Elephants in Belize and very under the radar :) but not for long

Shore Capital broker note :

http://oilbarrel.com/media/pub/var/release_downloadable_file/34815.pdf

Blue Creek CPR 13th Dec 2011 ( belize )

http://uk.advfn.com/p.php?pid=nmona&article=50397088

Next Proactive Investor Presentation 12th January in London

REGISTER YOUR ATTENDANCE FOR FREE HERE:
http://www.proactiveinvestors.co.uk/register/event_details/133

--------------------------------------------------------------------------------

These are some of the key points for those considering investing in New World Oil & Gas:

- Only 132 million shares in issue
- Only 8.5p per share at time of writing this
- CEO targetting 50,60 ,70 times market cap
- Operator of 1 BILLION barrels of oil potential in Belize
- Operator of potential "world class asset" in Denmark
- CEO presented 545p and 220p per share unrisked NPV from Belize A and B crest alone; shown in CPR. So for HALF the Belize asset alone, this has an unriked value o £7+; remember we are only 8.5p at time of writing this!

but the calculations per share are based on 128 million shares and not 132 million as an extra 4 million shares were issued on 30th Dec for payments to contractors instead of cash


--------------------------------------------------------------------------------------------------------------

CEO Bill Kelleher's First Video:


http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3ANEW.L&threshold=0&it=le&action=detail&id=8915094

CEO Bill Kelleher's Second (Update) video:


http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3ANEW.L&threshold=0&it=le&action=detail&id=8917463

CEO Bill Kelleher's Most Recent (Third) Video:

http://www.youtube.com/ishareinfotv#p/u/3/rQojhH71ATM



Our neighbour in Belize:


http://www.belizenaturalenergy.bz/bneteam/production.html
www.youtube.com/user/BelizeNaturalEnergy


Feedback after the 15th December presentation:

http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3ANEW.L&threshold=10&it=le&action=detail&id=9069824
http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3ANEW.L&threshold=10&it=le&action=detail&id=9069801


Link to an email conversation with Bill Kelleher:

http://www.iii.co.uk/investment/detail?code=cotn%3ANEW.L&display=discussion&threshold=0&action=detail&id=9039652

possible golden cross.

Interesting stock.

Looking good! now doubled my initial outlay with the promise of lots more to come methinks! (imho)

Did you know 10 million shares traded today that is the largest since the IPO.

I am holding for 20p.

I know some investors believe they are worth 42p.

im holding for denmark atleast

with luck we will be x10 of todays sp

I am holding for a 2 bagger Mr Dross.

http://www.moneyam.com/action/news/showArticle?id=4290209

This should propel the share price to 15p imo.

Only just started to look at this one Mitzy, but an interesting mover so far.. well spotted.

Thanks for that Stan NEW is my share choice for 2012.

My only basic reservation is that it's an AIM stock which I pretty much like to avoid these days, but will certainly keep watching it.

I agree about AIM its a big no for m these days.

Whilst they can go up fast.. they can also go down equally fast, also can contain more then their fair share of dodgy Directors. Not that I'm suggesting that that is the case with NEW.

Just looked in to find its bouncing off its recent low.

ready for the next move.

One of those 5pm RNS'S -

Issue of Equity and Total Voting Rights
RNS
RNS Number : 8748V
New World Oil & Gas
19 January 2012



New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

19 January 2012

New World Oil and Gas Plc ('New World' or the 'Company')

Issue of Equity

Total Voting Rights



New World Oil and Gas Plc, a company focussed on making investments in the oil and gas sector, announces that it has received notices for the exercise of 5,198,000 warrants (each over one new Ordinary Share in the capital of the Company exercisable at 10p per Ordinary Share) which were granted as part of the Company's admission to AIM in May 2011 (the 'Exercise').

Application will be made for the 5,198,000 new Ordinary Shares issued pursuant to the Exercise, which will rank pari passu with all existing Ordinary Shares, to be admitted to trading on AIM. Admission is expected to take place on or around 25 January 2012.

Following the issue of the new Ordinary Shares, the Company's total issued share capital will consist of 137,487,869 Ordinary Shares.

SP just resting... for the next leg up?...looking good!

How right you are..

yes looking very good i went to the proactive presentation recently and bill was on fine form
teh third project looks intresting
this is no longer a one trick pony thats for sure
the sp has had a healty breather and should now push on to new highs again .
and if its true to form could be pushing on the door of 16p before a retrace towards 13p
ofcourse a stonking rns on teh end of jan CPR could change all that .

i see some mention that this is aim and in most cases i would agree .
but for me
so far this company have lived up to the hype
infact they have proven themselves to be better than was expected again and again

GL

Mr D

I beleive next week will bring new highs MrD possibly 14p.

Bring it on!

Iran crisis underpining oil shares today.

Update in Jutland confirms what they said in the past.

Rumours Treaty oil have discovered commercial oil in Belize on the first drill.

Declared a non show.

RNS out raising $35 mill in February in placing with Institutions to start drilling..

share price off 10%.

Share price fell another 5% today .

hope this is the low.

should be (imho)...may go a little lower but focus should will go back to the next RNSs with good updates to come

Tipped in Shares mag today.

.. Oh gaud it hasn't has it Mitzy? Thats put the kybosh on it then -):

lol Stan.

Nice bounce today.

Hoping for great things from NEW over the 12 months...I'm holding on for the time being!

Same here gl.

Wave of late buying today.

New World Oil and Gas Plc, a company focused on making investments in the oil and gas sector, is pleased to announce that further to signing a Letter of Intent on 23 December 2011, it has completed a Farm-Out Agreement ('FOA') with Danica Resources ApS, to acquire an initial 12.5% but up to an 80% working interest in the highly prospective 6,420 sq km Licence 1/08 ('the Licence') which includes both onshore and offshore acreage in Southern Denmark in the productive Western Baltic region of the South Permian Basin. Under the terms of the FOA, New World will assume operatorship of the Licence.

On 25 January 2012, the Company announced the highly positive results of a Competent Persons Report ('CPR') carried out by RPS Energy on the concession, that indicated, inter alia, that the already identified Als Prospect has P50 resources of 97 million barrels of oil and 1.401 TCF of gas with a Net Present Value ('NPV10') of US$2.44 billion, underpinning the prospectivity of the Licence.

New World will be named Operator of the Project by means of an addendum to the existing Joint Operating Agreement ('JOA') between the current operator, Danica Resources ApS (80% working interest) and its single partner, Danish North Sea Fund, that holds the remaining 20% working interest. The first phase of a planned 150km 2-D seismic acquisition programme on the Licence is due to commence in Q2 2012 at an estimated cost of US$1.4 million net to the Company's interest and will deliver an initial 12.5% working interest to New World. New World has the option to increase this to 80% at its discretion based upon the following provisions.
Key provisions of the above agreements:

· Permitting, acquisition, processing and interpretation of 150km of 2-D seismic to be completed by the end of the third quarter of 2012. This will deliver the initial 12.5% working interest in the Licence to the Company, and at this point the licence holders must decide whether to drill a well based upon existing seismic data or acquire additional seismic data.

· Permitting, acquisition, processing and interpretation of 2-D and/or 3-D seismic by 30 March 2013 to properly delineate drillable prospects, in return for which New World will receive a further 12.5% working interest. Survey design(s) are to be agreed by 30 September 2013. If no further seismic is deemed necessary the 12.5% would be transferred to New World immediately.

· Provided a drillable prospect has been identified, one well to be drilled by the end of the third quarter 2014, in return for which New World would receive the remaining 55% working interest.

· If and when New World has assumed Danica Resources ApS's 80% working interest, Danica Resources ApS shall remain entitled to a 5% overriding royalty from any production of hydrocarbons. In addition, a further staged cash and share payment of $500,000 has been agreed between New World and Danica Resources ApS.

· Provided a drillable seismic-based prospect has been identified, New World has the option to drill an additional well to the base of the Zechstein and/or Rotliegend, as mutually agreed, by no later than 30 September 2015.

New World CEO William Kelleher said, "We are delighted to announce the completion of the transaction documents for the Danica Resources Project which adds a third project to our growing portfolio of highly prospective assets that includes our most advanced Blue Creek Project in Belize, with its combined P50 resource estimate of 294MMbbl and Estimated Monetary Value of US$1.53 billion. This exciting addition increases our exposure to the productive South Permian Basin in Denmark to 10,507 sq km and includes the Als Prospect which, on its own, has a P50 resource of 97 MMbbls of oil and 1.401 TCF of gas.

"The Als Prospect provides an enticing indication of the huge potential of the Danica Resources Project and, as a result, we are eager to explore the area further in the expectation of identifying additional sizeable prospects. With this in mind, we look forward to commencing our seismic acquisition programme shortly and will update the market on our progress in due course."

Further Information:

New World signed a non-binding LOI with Danica Resources ApS granting the Company a 90-day exclusivity period in which to undertake due diligence on the Danica Resources Project in Denmark on 23 December 2011.

Danica Resources ApS is a Danish company formed for the purpose of obtaining and exploring the southern fringe of the Northern Permian Basin covered by licence 1/08 that covers an area of 1.586 million acres (~6,420km2). Danica Resources ApS has been studying the area for some time and has developed a geological model and a number of leads based on available seismic data, an extensive surface soil geochemical survey, some well data and a number of academic papers.

Danica Resources ApS has an 80% working interest in the Licence with a single partner, Danish North Sea Fund, who holds the remaining 20% working interest. Subject to New World fulfilling its obligations under the FOA, the Company will have the right to acquire the entire 80% working interest held by Danica Resources ApS, subject to the approval of the Danish government and Danish North Sea Fund.

The Licence was granted to Danica Resources ApS and the Danish North Sea Fund in March 2008 with a 6-year exploration period, with provisions for extension. A 6-month extension was granted in March 2012.

The minimum work programme required by the Danish government is as follows:

· Years 1 and 2 - Collate available data, conduct geochemical soil-survey and create geological model using available seismic and literature references. This phase has been successfully completed

· Years 3 and 4 - Acquire 2-D to better delineate certain leads (both in the Zechstein and Rotliegendes intervals, followed by a 2-D or 3-D survey over selected leads. At the end of Year 4, the licence holders must decide whether to drill a well based upon existing seismic data or acquire additional seismic data.

· Years 5 and 6 - A well must be drilled by the end of year six

That explains Mondays rise.

That explains Mondays rise.

Some decent buys today.

Bit of life here.

Tipped in shares mag today.

I found an interesting interview with William Kelleher, Executive Chairman & Chief Executive Officer of New World Oil & Gas.

Its an interesting listen:

http://www.brrmedia.co.uk/event/98496/william-bill-kelleher-executive-chairman--chief-executive-officer

I will take a look later.. thanks.

I imagine the cpr update will be this week then.

Drilling in 2 months time.

Every time I look at their chart I think that looks a good one to trade.. then I look at the spread, just under 5% and think perhaps not. Pity cause it does move about a bit.

Over 5 mill shares traded today Stan.

Looking good... can't be long to wait before breakout ...it's now nearly a double bagger for me already...i'll continue to hold!

Drilling to begin 1st October as far as I know could be wrong through.
well done skyhigh.

I expect 13p today imo.

Tipped in Shares mag yesterday.

Is that good Mitzy? -):

I hope so Stan.

Looking good!

Well done on your 2 bagger heres to the next one sky.

Long way off its 40p valuation though

A wave of buying pushing this to 13p .

Thanks mitzy...looking good and staying in for the 40p+

Well done to all here , on an upward path now.

Yes well played all.. Just get that spread down Mitzy and we will all join you -):

Good old Shares magazine for tipping these last week.

I'm hoping for 15p next week.

Approaching nearly double their average 3 months volume at the moment.

Denmark RNS out.

UPDATE: New World Oil & Gas anticipates "tremendously exciting" remainder of year
3:57 pm by Giles Gwinnett Three drill ready prospects have now been identified at Blue Creek with a combined P50 volumetrics of 329 million barrels, which has an estimated value of US$8.1 billion, based on a 100 per cent working interest
--- Adds share price and broker comment----

New World Oil & Gas (LON:NEW) is anticipating a "tremendously exciting" remainder of 2012, as it unveiled interim results today.

The firm made "exceptional progress" in the period to June 30, it said, and is expecting to drill its first well as operator at the flagship Blue Creek project, Belize in the coming weeks.

"By mid November 2012 we will know whether or not we have made an oil discovery, and I look forward to updating shareholders on every step of our drilling process," said chairman Bill Kelleher.

"In Denmark we expect to drill up to two Triassic wells in Jutland within the next 12 months, and potentially commence drilling of the Als prospect in the Baltic Region.

"Although these goals seem ambitious, our rapid progress to date and the presence of one of the strongest oil and gas teams around increases my confidence in our success."

Three drill ready prospects have now been identified at Blue Creek with a combined P50 volumetrics of 329 million barrels, which has an estimated value of US$8.1 billion, based on a 100 per cent working interest.

Meanwhile, yesterday, the firm said a new independent report on its Danica Jutland project in south-west Denmark has led to an increase in the geological chance of success.

This moves from a one-in-eight to one-in-five for the Jelling and Harboe prospects, according to the latest competent persons report compiled by RPS Energy, which is based on some 56 kilometres of 2-D seismic work.

It also points to a 134 million barrels of oil equivalent resource worth US$1.22 billion, based on the Jelling, Harboe and Jensen prospects and assuming an 80 per cent working interest in Danica Jutland.

Drilling in Denmark is due to begin next year.

The firm posted a loss for the period of US$1.397 million, in line with our budget, as it currently has no revenues.

Shares were up 1.03 per cent, at 12.25 pence.

House broker Shore Capital said today's update followed yesterday’s positive update to the competent person's report (CPR) for Danica Jutland and marks the beginning of a particularly exciting period of activity for the company.

"Although New World remains in the exploration phase, it has progressively de-risked its projects and delivered key milestones in line with the planned timetable.

"We believe that drilling could inject further momentum into the share price, and continue to calculate risked net asset value of 40 pence a share."

Dreamcatcher 4th Goodwood 4.50.

Dreamcatcher is a huge breed of spider , so this horse should win with 8 legs. :-))

Thanks mitzy, should be first next time. lol

lol..
Drilling to start any day now..maybe in the next 24 hours.

New World chief says first well could be a "game changer"
12:27 pm by Ian Lyall Preparations are underway for drilling in Belize.
The pace of progress shows no sign of letting up at New World Oil & Gas (LON:NEW).

The past 15 months have been a whirlwind of corporate activity and exploration that means the group is days away from spudding its first well on the highly prospective Blue Creek project in Belize.

Success here could be a “game changer”, according to chief executive Bill Kelleher.

The first significant news emerged earlier this week – not from Belize, but Denmark - as independent study assigned an increased chance of success for its Danica Jutland project in the south-west of the country.

The updated competent person’s report, compiled by RPS Energy and based on the latest 56 kilometres of 2-D seismic work, put the figure at one-in-five for the Jelling and Harboe prospects, up from one-in-eight.

It also pointed to a 134 million barrels of oil equivalent resource worth US$1.22 billion, based on the Jelling, Harboe and Jensen prospects and assuming an 80 per cent working interest in Danica Jutland.

However the numbers still only include the three of 10 prospects or leads identified by New World.

From an investors’ perspective the Danica-Jutland update, important as it is, serves merely as the appetizer with the main course being that first exploration well on Blue Creek.

The total P50 resource here is 329 million barrels of oil equivalent with a net present value of over US$8.1 billion.

Work on the first prospect is expected to get underway late this month, or early next and it will take around 45 days to drill down to 7,000 feet.

New World will then compile and interpret the data that will decide whether this first Blue Creek prospect is completed for test production.

Kelleher said it will require three to four weeks of “sustained testing” in order to determine the reservoir performance and commercial viability of the well.

The information will also allow the New World chief executive and his team to put together a cumulative cashflow forecast that will determine the ultimate value of the well.

This could then pave the way for an extended well test and early oil production sales.

New World has already received “expressions of interest” in buying the crude at West Texas Intermediate prices, Kelleher reveals, which means the group could be generating cash from oil sales by early next year.

“If we have sustained production and meaningful volumes per day, this turns into a game changer for us,” said Kelleher.

The next step will be then to determine just how many more wells can go onto the block, and New World will also be conducting a 3D seismic programme.

At some point in the process – perhaps in late in the fourth quarter to early first quarter 2013 - the drilling rig will move over to the next location, West Gallon Jug.

The group has mitigated the costs of the drilling process by sealing an innovative deal with drilling contractor ThermaSource, which effectively halves the cost of its first three wells.

In return ThermaSource receives a 5 per cent stake in each of the wells, though at this stage only two have been permitted.

Hitting commercial oil will allow New World to consider some form of reserves-based lending, which will minimise the equity dilution.

It will also negate the need to give away a huge tranche of the project to bring in a partner to fund development – which traditionally might be the other option.

“We are looking at what our options are to limit dilution and with regard to debt financing. This is not outside our reach,” Kelleher said of the reserves-based funding.

Of course all of this overlooks the huge potential of Danica-Jutland.

This consists of two onshore licences covering just over one million acres of south-western Denmark that is prospective for oil and gas in the Zechstein carbonates and Triassic sandstone intervals.

Completion of the latest seismic programme earns the group a further 12.5 per cent working interest in D-J, taking New World’s holding to 25 per cent. It can take this figure to 80 per cent by drilling two wells.

The next phase is to shoot 3D seismic, before beginning drilling sometime in the second half of 2013.

“We won’t drill until we complete the 3D survey. There’s one, possibly two Triassic intervals where we have seen a seismic response to gas for which at this time we have selected drilling locations for,” said Kelleher.

For any company of New World’s size and ilk, funding is a key issue.

Broker Shore Capital reckons the group is fully funded to drill two wells in Belize following the £8.5 million share placing earlier this year.

In-the-money warrants also have the potential to yield proceeds of up to £8.7 million, it added.

“We are fully funded through the balance of this year for Belize and we fully paid for our seismic in Denmark,” Kelleher confirms.

The share price is up 150 per cent in the past year, reflecting the incredible progress it has made.

However, even this elevated valuation probably doesn’t (Kelleher might say definitely doesn’t) encapsulate the company’s true potential.

Shore Capital assesses New World’s “risked” net asset value to be 40 pence a share.

Analyst Craig Howie said: “Although New World remains in the exploration phase, it has progressively de-risked its projects and delivered key milestones in line with the planned timetable.

“We believe that drilling could inject renewed momentum into the share price.”

Spud.

Not right now Mitzy.. Lunch time perhaps -):

Lol Stan.

Into the first week of drilling.

fingers crossed.

Not the best of weeks..

Nope but next movement could be up! and big time...

Whys that sky..?

New World Oil & Gas tipped as a Buy in Red Hot Penny Shares this month ahead of November's scheduled drilling results....it is suggested that one should consider a 12p buy limit....with a 12 month target of 30p...normal market size 30k.

Thats a very large turnover today 11 million shares all due to penny shares.

Red hot penny shares gives an update today.

Due to the recent placing at 9p there is a big stock overhang.

Good time to jump in.......great prospects....!...

Thanks RF, but not for me.

Three wells in Belize plus Danish acreage.....small market cap...

As Proselenes is ramping things up...I thought : two can play at that game,... so pourquoi pas moi ?....

more gas rf???

Not unless I eat some more varieties Balerboy !..oil apparently.....and well...well...well...three holes in the ground !....results from first well targeting 90 million barrels due mid-november.....plus two spuds after this one and drilling in Denmark next year...well funded....low market cap....and low sp at the moment...

and getting lower.,.

Might be worth picking up some now regardless of first well result...just has to be a sharp rebound ...so whether you are in for the whole campaign or not....sp probably has to rise .....

is this a new low??

">

I expect a RNS soon.

Yep. nice move up at the close

That's one heck of a bullish candle!

Well done all.

ready to blow ????????

Looking that way michael a RNS tomorrow I bet.

maybe a sucker jump..... all on board.,.

Early morning RNS but does not mention oil shows.

Read it again

There is no mention of oil shows in Y1 and Y2 the primary drill targets they are drilling further down to Y 3 where they expect to find oil shows.

Have they found oil to date and is it commercial.

The thing that makes this company so interesting is that this is their first well .....with productive wells very closeby....two more at least after this and also another campaign in Denmark early next year....so there is considerable upside even if the first one is a duster...

going down.,.

Can you imagine if there were oil shows the sp would be 14p by now.

imagination doesn't help the bank balance only fact.,.

We will find out whether they have anything around the 16th.

The sp cannot reflect the operations that are going on out there.....we just have to wait.....two more wells to come at least plus Denmark....along with FOGL...these are two shares that could fly with oil discoveries....

You're probably right mitzy, I have re-read the rns a few times and it could be considered they have oil or they don't have oil. I am tending to think the only reason they are going deeper is to try and find something.

The last 2 RNS have been vague we still dont know if they have found commercial oil.

Another week to find out.

There are producing wells just a hopping distance away but the fact remains that we have another two wells to go after this....hit and miss with the oil industry...

I believe they will be 11p next week rf.

Holding RNS just out.

Hefty percentage by Axa...33 million shares...boy oh boy...!.....

10% of the company rf they are confident.,

They probably found 6 mbo in the Y1 and Y2 drilling into Y3 and hoping to find another 6mbo.

12mbo could be considered a commercial find.

The area where they are drilling seems to have oil all over the place ; there is a map on their website with oil migration paths and such.....but it is hit and miss...the good thing is that there are producing wells not far away....so fingers crossed for a good result...otherwise it's having to wait for the next spud...(I will not be selling even if the first one is a duster)....big boys on board (who know a lot more than we do) cannot be a bad thing either...the not so encouraging thing is that apart from the exception of the now bought out "Emerald Energy" (EEN) : I have never ever been able to make a profit on the South American oilies (excluding the Falklands)....never....perhaps this being in Central America might make a difference...

"I have never ever been able to make a profit on the South American oilies (excluding the Falklands)....never....perhaps this being in Central America might make a difference..." Well with that track record RF I shall continue to keep this fence warm -):

Good luck all.

Well yes...Central America is not South America...

Not far off though -):

If it did come right the sp could go from the present level to above 30p......it could....

All buys today..

I'm guessing tomorrow.

RNS last week was obviously leaked an hour or so before the close. If a further RNS tomorrow then NEW certainly is a very leaky organisation but will be interesting to see what the RNS says (if issued). Can't think for a moment there will be any declaration of a commercial find, but an announcement of discovered oil intervals will have a bit of impact on the share price that's for sure.

They will have oil shows announce testing of the well doubt any confirmation of a commercial find but I'm hoping they have something special in the rns.

No news so far.

RNS out..

Strange they didn't just wait until monday to update, by which time the TD would have been reached. (sunday)
2517

Its a mystery George.

Maybe its to do with the 8/11 RNS stating that TD on or before 15/11, if it'd got to 4.30 on Friday afternoon and no update imagine the chatter over the weekend..

Spot on grannyboy, confess I don't hold NEW and didn't check the rns 8/11.
2517

Under the rader this one.

http://www.moneyam.com/action/news/showArticle?id=4487720 In other words steady progress?

Still no word on it being commercial.

No but oil shows throughout......good chance that one formation/layer just might be.....it is a working hydrocarbon system.....which to me means that even if this is not commercial (and there is now a good chance that it is) then they might spud a second well closeby....

BNE had 40 ft of oil and NEW said they had much more possibly 300 ft.

Oil shows in all formations!!!..

Its looking VERY promising...

The market is not convinced it is commercial.

I have counted 8 targeted levels : all with oil shows and gas as well.....impressive so far.....some of the sells are in fact buys...and it could be that in the event of failure that a sidetrack might be possible .....

I think the word is promising RF as oil can be directly seen in drilling fluids, in core or cutting samples..........bit more work needed as a bit like having skid marks on your wagons.

Thats just pants marky.,.

Well the thing is to be in or not to be in ?.....skid marks ???..on wagons...???

I'm very surprised that there isn't more interest for this one considering this is just their first well and two more at the very least plus a Danish campaign coming up.....and such a small market cap

down again this morning.

****rns****.

They have 300 ft of gross oil pay.

looks like there was a little more than skid marks on the wagons Balerboy,hmmmmmmm

lol marky.,.

Looks like a good result to me so far....in fact it's such a good stock that they ought to make cubes of it.....you know chicken....beef.....oh dear here I go again with my clowneries....anyway ....290 ft pay zone and somehow I knew a sidetrack would be coming but it looks like this well should have a successful outcome !...

Why the hell isn't the sp rising ?...

rf supose the markets are waiting for the magic words "Commercial".. will have to wait a few weeks but it definitely looks promising...

Expecting a RNS around 21st December.

Something to do with the Mayans ?

End of the world..!

That's the 23rd I believe, could save a fortune on Christmas prezzies.
2517

George that made me laugh.

American buyers coming in now.

That was a good guess of 300 ft of gross oil pay.

only 10ft out.

How did you know that Mitzy ?....(I've been asking myself that for some time now)...at long last a rise...crazy sp with 2 more Belize wells to go and a Danish campaign coming up....sp should be three times what it is !.....(well... it could be)...

Complete guess rf gross pay means nothing really BNE had 40ft of net pay and produce 4000 barrels a day and I hope NEW can achieve the same ..

a crazy share price the oil is flowing out of the ground.

I.C. New World Oil & Gas (NEW) has confirmed that its recent drilling in Belize appears to have struck a decent amount of oil, with gross reservoir thickness of 290 feet.

Looking good guys...have we a winner here ?....(a big one !..).......will make a change...hey..!...dare I dream of 30p or so.....(would make back all my losses on others if so)....!..

A net pay of 100ft and we are 30p.

40 million trades yesterday its another record breaker.

Good chance of 11p today.

Really starting to take off....hope it does what PET did not long ago...

I think they are cheap rf could doble imo.

Just topped up for the last time.....the good thing is : that this is just the start !...

I'd be very surprised if they don't have some sort of flow....

30p is not a dream rf its a clear possibility imo.

10 million shares traded I expect 20 mill by the day.

how long to drill the side track then mitz or rf??

About 3 or 4 weeks they start at 3000 feet.

ta,

They have oil.....just a question of how much and can it flow.....I would like to think with the amount of pay : it should !...

I would like to think it will flow.

15 million traded so not long now for 20 mills..
Remember yesterday the action starts about 10 mins time.

A bit late to the party but I've bought in @ 11p.
2517

Well done George.

..the last hour was incredible look at the buys.

Mitzy---------Surprised the sp didn't rise with the strength of buying.
2517

Never seen anything like it George next week should be exciting.

Danish news coming in 2 weeks

Its a 5/1 bet .

Exactly....this is not a one trick poney.....in fact if all their wells came in we'd be looking at 100p per share next summer but this won't happen but 11p for this share now is a joke !.

Denmark is forgotten by many investors.

Skuse me for being a bit slow but can't find any reference to Denmark, give us a clue mitz please.,.

The Danica Jutland licence to drill in Denmark the CPR gives 100 mbo and 1 TCF of gas..
Seismic next year and drilling in 2014.

ta again, thought it was underway when looking at thread. Is that inland or in northsea?

Onshore SW Denmark.

any other wells nearby?

and the Danica resources project onshor/offshore

two projects in Denmark and one in Belize.

Shore Capital have a share price target of 40p but the recent news I believe 50p would be the new price.

There is onshore and offshore Denmark....will have to read their RNS's again but I think they are drilling in 2013 if I'm not mistaken..

a bit of luck we should open at 12p Monday.

Still around 11p.....like you say...could rocket if commercial oil is discovered...

Yep still 11p.

Volume Thursday was 40mill and Friday 27mill.

today 8mill so could be another big volume day but the sp is static.

A wave of buys now.

From iii post

OIL AND GAS JOURNAL

Belize moving on up

Monday 3rd December 2012 - 1.48pm

By Sam Fletcher

Belize has been a hard nut to crack for oil &gas explorers historically but in recent times some notable discoveries have been made and new investment is now starting to move into the territory. The first discovery of petroleum and gas deposits in Belize was made by Belize Natural Energy Ltd in 2005 when the first well in spanish lookout began producing and has seen its production now reach 5,000+ barrels per day. Attention has recently been turned to london aim listed New World oil & gas who are currently drilling / exploring a series of wells on its flagship Blue Creek project,the company recently updated investors with news of the maiden B Crest prospect encountering an active hydrocarbon system. Activity on the license front has also been steadily increasing with a number of new exploration licenses being applied for from a combination of mainly US and UK listed companies,among which are Marathon Oil Corp with three applications and london aim listed Bluebird Energy with two applications.

Belize now looks set to be a major draw for oil & gas explorers with attractive tax regimes and modest local labour costs adding to the many attractions of the country.

Good find.

Mitzy what's happened, you promised me riches beyond my wildest dreams, never have to worry about money again, a NEW beginning. aarrrhhh
2517

Yep its disappointing George .

Early days yet mitzy, several of my oil minnows are down today, BPC, MTA, PET, SER and even AMER, bucking the trend atm is LGO and MAGP.
2517

2517 mitzy has some form with small oilies CHAR and MATD spring to mind.

Steady on...that's my NEW online girlfriend you are talking about !...

Yes I know thanks halifax, I followed MATD for a while although never bought them, but for memory it was possible to have made a decent profit depending on the entry point. My post 240 was only jesting, I never buy on other posters say so. I can categorically state that any losses I incur can be attributed to me and me alone. Ha! Ha!
2517

Its ok halifax is an old PAL...LOL.

Everything is down.....if oil flows....the sp should shoot up...

and if no oil..........

Gulp ....! I will stay put....and on to the next well....three wells in Belize followed by the Denmark gas campaign...

in 2014

Is it ?....there are two campaigns onshore and offshore...

NEW's prospective find is every bit as encouraging as WSX's, let's hope for a different outcome.
2517

Hoping for a winner here George.....and two more spuds to go...

More detail here on the current drill campaign - very encouraging

Update....they think they have a commercial discovery...not confirmed but there's a big chance....sp up a bit...

More if's and but's on here then you will find anywhere -):

Chance of 50/50 of a commercial find imo.

hope for a good day tomorrow

New World Oil & Gas said it has decided to plug and abandon its Blue Creek #2A ST well after it decided there were insufficient commercial quantities of moveable hydrocarbons.

It said technical data from the Blue Creek #2 and #2A ST wells would play an in important role in the drilling of its next well, the Rio Bravo #1 in West Gallon Jug Crest.

"At this time, the West Gallon Jug Crest location is drill ready, with a drilling pad, access road, base camp, water well and other infrastructure all in place," the company said.

"It is anticipated that the drilling of the Rio Bravo #1 well will commence in first-quarter 2013. The well is planned to be drilled to a depth of 8,400 feet," it said.

The West Gallon Jug Crest prospect shows P50 un-risked prospective resources of 113 million barrels of oil, with a P50 net present value of $2.6 billion

Bad news to all investors no commercial oil in the end.

Ouch!
And as for----"At this time, the West Gallon Jug Crest location is drill ready, with a drilling pad, access road, base camp, water well and other infrastructure all in place," the company said.----That's all fine and dandy as long as there is commercial quantities there.
2517

Deeply disappointing. Any thoughts on whether the West Gallon Jug worth hanging on for?

What other exploration stories do you favour? One needs a handful as there will always be these sort of reversals.

Hi all-
I have watched the shares in this company for a few months now and I have now taken the decision to BUY some shares at @3p - i feel that the risk/reward ratio favours the reward at this level-the downside is say minimal but the upside is HUGE if they do find commercial oil in their latest well -West Gallon Jug-and there is plenty more excitement to come with their recent farm in deal in Denmark oil basin-
I rate the shares a STRONG BUY @3p level-Good Luck to all-fingers crossed as they say!

Some news which may be of interest..

Wintershall the exploration arm of BASF discovered an 100mbls oil find 278km west of the Danish port of Esberg.
Not sure how far from NEW's licences will have to look into it,when I get time.

Hi there grannyboy-
Yes- I heard about BASF's oil & gas exploration arm discovering 100mbls of oil just 278 km west of the Danish port of Esberg- i agree it all sounds very positive news for anyone else drilling in same area or nearby -etc-no doubt we will hear more news from New World Oil as to whereabouts their block is situated,etc-watch this space as they say!-meanwhile, all eyes will be on their current well being drilled -West Gallon Jug-in Belize-lets hope we get some positive news!-the shares will react very sharply upwards if we do!-fingers crossed as always!-

Hi all -Well ..the downside was 2p!--just my rotten timing!--thought i had left it long enough before buying these shares @3p on 26th march..anyway I have taken another BOLD step and bght the same quantity of shares yesterday @2.12p..i did ask my stockbroker if he could get some for me at the issue price of 2p but it was a private placing so he was unable to get me some at 2p-hence i had to pay 2.12p -so my average price is now @2.62p..I am sure that the Institutions are more in the know than we outsiders are and that is why i have taken the opportunity of averaging down -lets hope we get some positive update on West Gallon Jug driiling before the end of april-also we could get some positive stockbroker notes on the company now that they have raised the necessary monies to complete their drilling programme in Belize and also in Denmark,etc-fingers ever crossed!

Well good luck with these blueface,hope it pays off for you!.

Talking to yourself again.

Thanks grannyboy--
the share price movement between now and end of april will indicate what the likely outcome is going to be- lets keep our fingers crossed for some upward share price movement!-Happy Easter to all-

Hi all-
well - we have had an encouraging RNS today..and another 1,000 feet (meters>?) still to drill-everything going as well as expected and they have encountered oil shows,etc-the well will be then tested for commerciality when it reaches target depth ..My boker told me yesterday that the market makers were bidding for up to 2.50 million shares and unable to get much stock!--somebody obviously wants the shares!- HB brokers have done a speculative BUY note this week with minimum target price of 6p!!--Fingers crossed as ever!-

Todays rns has the same ring to it as the previous ones before the final duster one..

The only thing that can redeem BK's reputation to any degree would be IF they hit commercial quantities of oil.

The market doe'snt want to hear anymore of BK's lying!!!..

A disaster ....no partner , crap chance of hitting oil if they ever go drilling "With the probability of geologic success currently estimated at 1 in 8 by our competent person"

Up 22% today

The spread is 20% and daft PI are buying in..... crazy

Its a dog without a bone

Maybe but the bone is covered intasty marrow enabling nice 20% plus short term profits.

sp is busy this morning.
2517

Apparently Ernst & Young have cited NEW as a take-over target!-there is a very large buyer in the market and cannot get stock so I was told by a stockbroker friend of mine- also very positive news expected soon on the farm out negotiations ref:- their Danish acreage & also their Belize acreage too!

Thanks for that blueface, sp settled off it's earlier high @ 1.02p but quite active over recent days, so possible good news soon. How many times have we heard that about companies?
2517

Well that large buyer won't have any problems getting hold of stock now. Nearly 2.2b new shares created @ 0.735p per share. My last sentence rider above was spot on.
2517

Its a dog even the targets have a 1 in 8 chance.......sell

Lively atm.
2517

Here we go again. back up to 10p+. Better today and an 18% rise

up 15% today, as I said back up to 10p.

Its a dog....the spread was 12% yesterday


This share has a market cap of 33 million its only assets are a few fields which they hope to drill at some point and only have a 1 and 8 chance of success also will need to raise more money to drill them.
Better value elsewhere....look at Desire petroleum with a market cap of 43 million sitting on 85 million barrels of recoverable oil.......proven oil not fresh air like these lot.

It’s a dog without a bone and a huge sell

Hi markymar------With both NEW (sp 13.25p last year) and DES (sp 170p 3 years ago) falling off a cliff in recent years it may be of interest to compare their sp movements. NEW were 1.13p and DES 12.88p when you posted. DES are obviously experiencing difficulty monitising their resource. So maybe the 'dog' will get it's bone before DES.
2517

DOG


New World Oil & Gas (LON:NEW) has still not received the funds needed to complete the funding deal with Niel Petroleum, it revealed in a statement after the market closed.

New World said in a statement: “Notwithstanding the continuing delay in the receipt of funds, the board believes that the subscriber fully intends to complete the investment in the company and consequently is continuing to work with Niel to finalise the necessary steps to resolve matters.”

On September 12, New World shareholders voted in favour of the proposed funding at the group’s annual general meeting.

New cornerstone investor Niel Petroleum will be issued new shares priced at 0.735p each to raise US$25mln for New World.

A further US$25mln of debt will also be made available to the company. Niel Petroleum will own 75.66% of New World following the deal.

well, topped up this week 550k lets hope, big gamble

RNS TOMORROW ? THIS WILL DOUBLE OR MORE WHEN IT COMES

Only one way this is going, Still no news on funding

Last one out turn the light off if the electric is still turned on

Never mind turn the lights off this will explode once Niel Pet confirmation received.
Looking at an easy 3 to4 p near term.

Gone on too long for Niel to have pulled out-we would have known by now if the deal was dead.

These deals take time and time is what we have.

NEW has a buy written all over it and those who are too blind to see the obvious do not deserve to be on this massive potential wise gravy train

Yuff you need to go to spec savers, just look at the graph.

Even if a deal is done you will only owe 25% of New World and Gas, it has no gas it has no oil and has no money and what prospects they do have only have a 8 to 1 chance of finding oil which is poor for the oil industry.

Down another 10% today

marky- the SPA has been signed by all parties- have you changed your opinion now?

There is so much potential here-look at RRL and RMP and the Puntland fiasco here we are in Kuwait-hardly another Somalia with all the potential terro threats that went on.

RRL made 24 p on the possibility of a strike in the Nugaal despite there being billions of shares in issue.
10 p here is not out of the question.

Yes I'll take 10p per share - yuff
2517

I have followed this saga with interest as I know most of the participants.

It’s sad that so many private investors actually do not understand how the markets work. You wouldn’t drive a car without having lessons yet people are prepared to risk their money without a clue of the market machinations.

Everything has been clearly set out in the RNSs

Mrs Williams cannot vote all her remaining shares as they have not yet settled.

Either a YES or a NO will probably result in a fund raising at 0.055p (open offer or placing).

Any shares which have been allegedly forward sold will then vest and can be settled. Normality returns and the share price could be above 0.055p (placing price).

Big question is who has forward sold if anyone has, maybe that question should be asked of the broker! I have talked to two market makers and they themselves are short’ish of stock and suggest that there is no real forward selling mostly a mismatch caused by extended settlements. But who knows!

Seems the suspension is ongoing but am watching the new action group with interest. Big problem for them will be finding out what is settled and not.


http://nwogaction.co.uk/

I have been offered 3 million shares to buy, Is it worth taking up the offer

Has this company been suspended. Must have spent all the money by now

Some news out yesterday about Big Sofas!

Leave Big Sofia out this.. she's a nice girl.

:-)

Hope they find some money down the back of it