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.

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