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.

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