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Home Investing Share tips & fund tips Small cap movers: New World lights touchpaper
By Jamie Ashcroft, Proactive Investors
10 June 2011
Proactive Investors' small-cap specialist Jamie Ashcroft looks at a busy week for New World Oil & Gas, and big gains for LED International...




Frenetic week: New World hopes to complete the acquisition of Blue Creek in a few weeks

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It has been a frenetic week for the AIM newcomer New World Oil & Gas - which doesn't actually own an asset yet as the shares chalked up an 88% rise.
The oil-focused cash shell, fronted by former Victoria Oil & Gas man Bill Kelleher, completed its listing on May 11 with a 3m placing.


It is now carrying out due diligence on the Blue Creek project in Belize and on Tuesday it opened formal negotiations with the project's current owners.

But it was Thursday's independent study by oil consultants RPS Energy that really lit the blue touchpaper.


The report highlighted the potential of Blue Creek, which lies in very close proximity to four productive oilfields.

Kelleher described the RPS verdict as highly encouraging. He now hopes to complete the acquisition of Blue Creek in the next few weeks, before kicking off a seismic exploration programme.

Starting the week at 5.7p, the stock is currently trading at 7.82p.


Read more: http://www.thisismoney.co.uk/investing/share-tips-and-fund-tips/article.html?in_article_id=536556&in_page_id=23#ixzz1OyQ6BtDb

Favourable report sends New World soaring
Thu, 09/06/2011 - 16:29 | Fiona Bond

Almost a month to the day it made its debut on the bright lights of AIM, New World Oil and Gas (NEW) found itself very much in favour with investors when news of a favourable competent person's report sent its shares flying over 60%.

The oil and gas company said the competent person's report from RPS Energy highlighted the prospectivity of the Blue Creek Project in Northwest Belize, on which it was undertaking due diligence.

The project, consisting of two concessions located in the productive Peten Basin "appears to be a good opportunity to access early stage exploration in a very prospective area," it said.

The report deemed it highly likely that the Blue Creek Project is on a migration pathway out of the depocenter (source rock region) and oil seeps, nearby oil field discoveries and geochemical work in northwest Belize all point to a working hydrocarbon system.

Chief executive William Kelleher issued a statement: "The company is highly encouraged by the results of the CPR that confirm our preliminary assessment of the prospectivity of the Blue Creek Project and believes, like RPS, that it is located in a working hydrocarbon system."

The Blue Creek and Blue Creek South concessions lie in very close proximity to the north of the recently discovered and productive Spanish Lookout and Never Delays oil fields, each of which has reported reserves in the range of 25 million barrels of oil.

The company expects completion of the transaction to take place shortly, which will be immediately followed by a seismic acquisition programme.

New World listed on AIM on 11 May, having raised 3 million by way of placing 60 million new shares at 5p per share.

At the time, Kelleher told Interactive Investor that the response had been extremely positive and it hoped to increase its investor base.

The company was originally formed in the first quarter of 2010 to make investments in the oil and gas sector, with a view to snapping up under-performing, undeveloped or undervalued assets.

Just a day after it listed, it revealed it had appointed First Meadows to source oil and gas projects principally in Central and South America.

Need some spare funds. Looks good. sp dropped on Friday, profit taking. Worth a punt.
Dyor

SIGNIFICANT SHAREHOLDERS
On Admission On Admission
Name
Number of
Ordinary Shares
held
Percentage of
Enlarged
Share Capital
Hydrocarbon Technologies Limited1 3,220,000 4.3%
The Black Sea and Caspian Trust2 6,440,000 8.6%
Simon King 840,000 1.1%
Robert Hull 625,000 0.8%
Leo Jurynec 1,250,000 1.7%
Chris White 625,000 0.8%
Richard Brainard 1,250,000 1.7%
Worldwide Nominees Ltd 13,086,000 17.4%
Tiger Resource Finance Plc 5,000,000 6.6%
Marmite Capital AG 2,500,000 3.3%
Securities Services Nominees
Limited
9,670,840 12.9%
The Royal Bank of Scotland N.V. 2,447,220 3.3%
Notes:
1. The 3,220,000 shares are held by Hydrocarbon Technologies Limited, which is wholly
owned by the Danniella Noor Kelleher Trust. The interest is a non-beneficial interest.
2. The 6,440,000 shares are held by The Black Sea and Caspian Trust, in which both
Georges Sztyk and Petro Sztyk have a beneficial interest as potential (but unnamed)
beneficiaries.

thanks for all that DC... it's looking good!

just another ramped e&o, beware.

Good to see everyones view. Otherwise we would all be invested in half a dozen shares
only. Time will tell. Dyor

Wish I had purchased these now, another good rise today.

yep...looking good!

KeywordCompanyEPIC/TIDMSEDOL/ISIN Print Thursday 16 June, 2011New World Oil & Gas
Completes Definitive Transaction Documents
RNS Number : 5313I
New World Oil & Gas
16 June 2011



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

16 June 2011

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

Completes Definitive Transaction Documents for the Blue Creek Concessions, Belize



New World Oil and Gas Plc, a company focused on making investments in the oil and gas sector, is pleased to announce that it has completed a Farm-Out Agreement ('FOA') to acquire up to a 100% participating interest in the Production Sharing Agreement ('PSA') over the Blue Creek Project in the Pet Basin in Belize and, furthermore, has entered into an operations agreement with respect to the PSA (the 'Operations Agreement'). Additionally the Company has entered into a 2-D seismic acquisition agreement with American Seismic LLC and will commence the first phase of its seismic acquisition programme for the Blue Creek Project later this month.



The FOA was agreed between the Company's wholly-owned subsidiary New World Oil and Gas (Belize) Ltd ('NW Belize') and Blue Creek Exploration Ltd ('BCE') which had the original agreement with the Government of Belize (dated 12 October 2007, as amended). The Operations Agreement was entered into by New World Oil and Gas (Belize Operations) Ltd ('NW Belize Ops'), a wholly owned subsidiary of the Company, and BCE, whereby NW Belize Ops is named as operator of the Blue Creek Project.



Key provisions of the above agreements:

Upon the acquisition of 45 line km of 2D seismic data over the Project and re-payment of US$250,000 of BCE's historical costs ($150,000 in cash and $100,000 in the Company's ordinary shares to be issued at a price of 6.5p per share) BCE must transfer and assign 12.5% of its rights under the PSA to NW Belize.

Upon the acquisition of an additional 125 line km of 2D seismic data over the Project, BCE must transfer and assign a further 12.5% of its rights under the PSA to NW Belize.

Upon the drilling and completion of the first well through the Jurassic, BCE must transfer and assign a further 37.5% of its rights under the PSA to NW Belize.

Upon the drilling and completion of the second well through the Jurassic, BCE must transfer and assign the remaining 37.5% of its rights under the PSA to NW Belize.

BCE will retain a 5% royalty interest following the assignment of 100% of its participation rights under the PSA.

BCE appoints NW Belize Ops as operator under the PSA with immediate effect.

New World CEO William Kelleher said, "We are very excited to announce the completion of these agreements for the Blue Creek Project which marks a huge step forward for our company. Being named operator under the PSA by our partners with the full support and agreement from the government demonstrates our team's commitment and ability. We will shortly begin a two phase 2-D seismic acquisition and interpretation programme which will bring us one step closer to reducing geologic risk in the licence area. This programme, set out under our farm-out agreement is designed to allow the Company to focus in on high grading subsurface prospectivity, before deciding on continuing to the next seismic acquisition phase and completing our further farm-in obligations. This is in line with our previously stated goals of high-grading the leads on the northern licence area under the PSA that are significant in size and potential, which closely resemble existing producing fields to the south, using our existing cash reserves and improving our chances of an early discovery."



** ENDS * *

Holding up well.... looking good for further gains! (imho)

New World Oil & Gas chief William Kelleher looks forward to the CPR due after the 2012 drillinghttp://www.youtube.com/watch?feature=player_embedded&v=5ED59FNOpzc

Is it me but 6.42 minutes of this interview he clearly touches him with his foot when asking a question if he feel vulnerable.something off here maybe its the 2 off them got something going on.

Thoughts anyone?

Someone is operating his chair by remote control

Or perhaps he thinks he is the drill bit. Could be oil under the floor of the office.lol

Thursday 04 August, 2011New World Oil & Gas
Operations Update - Blue Creek Project, Belize
RNS Number : 7097L
New World Oil & Gas
04 August 2011



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

4 August 2011

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

Operations Update - Blue Creek Project, Belize



New World Oil and Gas Plc, a company focussed on making investments in the oil and gas sector, is pleased to provide a positive operations update for its exploration and development programme for the Blue Creek Project in the Pet Basin in Northwest Belize ('the Project'), where the Company has made significant progress since acquiring it in June 2011 and seismic data is already being processed.



Overview:



Phase 1 of the 2-D seismic data programme completed ahead of management expectations and within budget with acquisition of 45.80 km spread over three lines

Data tapes sent for processing with results expected by the end of August 2011 - preliminary results show good data quality

Phase 2 of the 2-D seismic programme commenced - an initial two lines completed - expected to resume end August 2011, subject to improved weather conditions

Updated Competent Persons Report expected by the end of September 2011 incorporating the results of the first five lines (68 km) of seismic data

Formal assignment of 12.5% of the Product Sharing Agreement to New World currently being drafted for approval from the Government of Belize



New World CEO William Kelleher said, "I am very excited to report our progress on the Blue Creek project in Belize, which is funded through to the completion of phase 1 and 2 seismic programmes. Our goal has always been early oil, and this seismic programme is a major step in that direction. Our team has been working hard to ensure that we do not waste any time executing our programme. I am particularly pleased to note that our subsurface team and seismic contractor have accepted shares in the Company as partial payment for their services, which we believe is a real vote of confidence in the application of the technology we are using and says a lot about the overall prospectivity of our project.



"Prior to the signing of definitive transaction agreements, just 34 days from listing, which included the completion of our initial Competent Persons Report ('CPR'), all the work necessary to undertake our seismic operations in the field had been completed allowing us to be in the field within days of completion without any delay. This allowed us to complete phase 1 ahead of our expectations and under budget. We will continue to refine our prospects and choose at least two 'drill ready' seismic-based prospects by the end of Q1 2012."



Detailed Information



The Company's subsidiary, New World Oil and Gas (Belize) Ltd ('NW Belize'), has a Farm-Out Agreement ('FOA') with Blue Creek Exploration Ltd ('BCE') to acquire up to a 100% participating interest in the Production Sharing Agreement ('PSA') over the Blue Creek Project.



In June 2011, the Company appointed American Seismic LLC ('American Seismic') for the acquisition of 170 line km of 2-D seismic. Field conditions during the first few weeks of the survey were very wet as the Blue Creek survey area received more than 30 inches of rain (normal rainfall for this period of July is 5 inches). Nonetheless, surveying of five lines totalling 68.20 km (including 45.80 km of phase 1 and 22.40 km of phase 2) was completed ahead of management expectations and, importantly, with no work stoppage, injuries, or cost overruns. The seismic data was collected over different terrains including unpaved farm roads, flat to rolling hills with pastures to an area of uplifted and deeply incised limestone bedrock with dense jungle cover.



Phase 1 2-D seismic data acquisition programme 21 June - 21 July 2011

Seismic line designation
Length in kilometres

BCE-11-5
20.25

BCE-11-6
16.75

BCE-11-10
8.80

Total kilometres
45.80




Phase 2 2-D seismic lines acquired 22-25 July 2011

Seismic line designation
Length in Kilometres

BCE-11-7 East
8.70

BCE-11-8
13.70

Total kilometres
22.40




The data tapes for the five seismic lines were sent to Excel Geophysical Services Inc. in Denver, Colorado for processing and preliminary results show good data quality. The Company expects to receive final processed data by the end of August 2011. Interpretation of the new data will get underway as soon as any final processed data are received. Adjustments for the remaining 88 km of the existing survey may be made pending the results of the interpretation of the first five lines.



Seismic crews will be on a scheduled break until surveying resumes in the southern part of the license area in mid August 2011 when line BCE-11-2 will be acquired, weather permitting. In the interim period, road improvement work will be carried out to allow safer access into this area, a camp will be prepared to accommodate seismic crews, and access along logging roads will be cleared of trees blown down by a storm in 2010. Seismic crews will return to the northern part of the license area to continue surveying once BCE-11-2 has been recorded. Acquisition of this 14 km long line is anticipated to take two to three weeks, weather permitting.



NW Belize has also been active on many other administrative fronts: an interim General Manager has been named for the Project; two Belize entities have been incorporated, satisfying the ownership requirement for Belize concessions; bank accounts have been opened in Belize City to handle all local expenditures; and NW Belize is actively seeking office and residence accommodations in Belize City.



The phase 1 and phase 2 of the 2-D seismic data programme are fully funded. The directors are focussed on the rapid development of the Project, whilst incurring minimal costs. The Company's technical advisors have agreed to receive part of their fees in New World shares which suggests their confidence in the Project.



* * ENDS * *



For further information please visit www.nwoilgas.com or contact:



Enquiries:

William Kelleher
New World Oil and Gas Plc
Tel: +17134472171

+44 7901 502 053

Georges Sztyk
New World Oil and Gas Plc
Tel: +1514 961 2247

Peter Sztyk



Felicity Geidt
New World Oil and Gas Plc



Beaumont Cornish Limited
Tel: +19172157122



Tel: +44 (0) 20 7628 3396

Roland Cornish
Beaumont Cornish Limited
Tel: +44 (0) 20 7628 3396



Jerry Keen
Shore Capital
Tel: +44 (0) 20 7408 4090

Pascal Keane
Shore Capital
Tel: +44 (0) 20 7408 4090



Hugo de Salis
St Brides Media & Finance Ltd
Tel: +44 (0) 20 7236 1177

Lottie Brocklehurst
St Brides Media & Finance Ltd
Tel: +44 (0) 20 7236 1177







This information is provided by RNS
The company news service from the London Stock Exchange

http://bit.ly/q5RP7X