mitzy
- 14 Oct 2011 10:31
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.
required field
- 08 Nov 2012 19:48
- 149 of 299
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....
chuckles
- 08 Nov 2012 21:12
- 150 of 299
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.
mitzy
- 09 Nov 2012 08:44
- 151 of 299
The last 2 RNS have been vague we still dont know if they have found commercial oil.
Another week to find out.
required field
- 09 Nov 2012 10:09
- 152 of 299
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...
mitzy
- 09 Nov 2012 13:43
- 153 of 299
I believe they will be 11p next week rf.
mitzy
- 09 Nov 2012 14:32
- 154 of 299
Holding RNS just out.
required field
- 09 Nov 2012 14:35
- 155 of 299
Hefty percentage by Axa...33 million shares...boy oh boy...!.....
mitzy
- 09 Nov 2012 14:43
- 156 of 299
10% of the company rf they are confident.,
mitzy
- 10 Nov 2012 09:33
- 157 of 299
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.
required field
- 10 Nov 2012 09:52
- 158 of 299
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...
Stan
- 10 Nov 2012 10:11
- 159 of 299
"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.
required field
- 10 Nov 2012 13:29
- 160 of 299
Well yes...Central America is not South America...
Stan
- 10 Nov 2012 14:46
- 161 of 299
Not far off though -):
required field
- 11 Nov 2012 09:57
- 162 of 299
If it did come right the sp could go from the present level to above 30p......it could....
mitzy
- 13 Nov 2012 09:47
- 163 of 299
All buys today..
mitzy
- 13 Nov 2012 14:26
- 164 of 299
I'm guessing tomorrow.
chuckles
- 13 Nov 2012 19:31
- 165 of 299
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.
mitzy
- 13 Nov 2012 20:37
- 166 of 299
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.
mitzy
- 15 Nov 2012 08:29
- 167 of 299
No news so far.
mitzy
- 15 Nov 2012 09:22
- 168 of 299
RNS out..