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.

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.