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.

Mitzy,
I'm assuming that as you've created and posted this thread that you hold some of these ?

I've been in since May & July with outlays at 5.25p & 6.76p so I'm very happy with today's hike in the sp...lot's more to come me thinks!

Hi skyhigh I bought some this morning for the first time they seem cheap to me but thats no guarantee..gl.

I have bought 500 pounds worth of shares already up 100 pounds.

New World Oil & Gas
Assignment of Initial 12.5% of Blue Creek Project
RNS Number : 3197Q
New World Oil & Gas
17 October 2011



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

17 October 2011

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

Ministry Approval for Assignment of Initial 12.5% Working Interest in the Blue Creek Project, Belize



New World Oil and Gas Plc, a company focused on making investments in the oil and gas sector, is pleased to announce that the Belize Ministry of Natural Resources and the Environment has formally approved the assignment of an initial 12.5% working interest in the 420 sq km Blue Creek Project located in the Pet Basin in Northwest Belize ('the Project') to New World's wholly owned subsidiary, New World Oil and Gas (Belize) Ltd ('NW Belize'). This represents the assignment of the first tranche under the Farm-Out Agreement announced on 16 June 2011 and follows the acquisition of 45 line km of 2-D seismic data and the re-payment of certain historical costs by New World to Blue Creek Exploration Ltd ('BCE') as referred to in the announcement on 20 September 2011.



The Company is continuing to carry out its Phase 2 125 line km 2-D seismic survey on the Project area, upon the completion of which, NW Belize will be transferred a further 12.5% working interest in the Project, bringing the Company's total working interest in the Project at that stage to 25%.



New World CEO William Kelleher said, "The approval from the Government of Belize for the transfer of the first 12.5% working interest in the Blue Creek Project is another significant milestone for New World. As previously announced, following the results of the first of three planned phases of our seismic programme, our Competent Person, RPS, provided an update to the CPR, specifically highlighting four structures similar to those found in the nearby producing Spanish Lookout field in the productive and highly prospective Pet Basin. The primary objective of Phase 1 was to provide greater resolution to possible structures and correlate these with the productive interval at Spanish Lookout, and this objective was achieved. Upon completion of Phase 2, it is intended that RPS will generate a second update to the CPR and we expect this to include first estimates of in-place or recoverable volumes. We expect this update to be released before the end of 2011 and look forward to updating shareholders on our progress then

I use have one of they cooker's

sp paused for breath today...should resume upward momentum tomorrow (imho)

Moving ahead now.

mitzy is this your new MATD?

No its the next PAL..

Och !

I hope you mean on the up, as pal seemed to fall as fast. Good rise today.

lol .

I know. lol. Good luck.

cheers dreamcatcher.

Been some good rises today and some well not so good. Thanks mitzy.

Just seen gibby's guess for the Ftse competition. He has me worried now. The Ftse has to fall 567 points before the end of next week for him to win. He was drunk when he entered or he knows something we dont. lol

Apologies skyhigh I didnt know there was a a existing thread.

no problem mitzy.... it's all looking extremely promising...i'm staying in for the long term!

. KeywordCompanyEPIC/TIDMSEDOL/ISIN Print Thursday 24 November, 2011New World Oil & Gas
Update for the Danica Jutland Project, Denmark
RNS Number : 6679S
New World Oil & Gas
24 November 2011



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

24 November 2011

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

Update for the Danica Jutland Project, Denmark



New World Oil and Gas Plc, a company focused on making investments in the oil and gas sector, is pleased to provide an update on the progress to date and planned work programme for 2012 at its 4,107 sq km Danica Jutland Project consisting of two licences, 1/09 and 2/09, located in the productive and highly prospective Jutland on-shore area in South Western Denmark ('the Licences').



Overview



Partner, North Sea Fund (branch of the Danish Energy Agency), formally approved New World's naming on the Joint Operating Agreements for Licences 1/09 and 2/09 of the Danica Jutland Project - formal Danish Energy Agency approval is expected in the next two weeks

Upon full completion of the earn-in work programme, New World has the option to obtain up to an 80% working interest in the Licences

Phase 1 of the 2-D seismic acquisition programme, the preliminary budget for 2012, and estimates for 2013-2015 have all been formally approved by the Licence holders

New World to begin tendering process for the 2-D seismic acquisition programme before end of Q4 2011 - expected commencement of seismic programme Q2 2012, subsequently initiating the earn-in programme

On completion of Phase 1 seismic, updated Competent Person's Report expected Q2 2012



New World CEO William Kelleher said, "The approval from our partner, North Sea Fund, for our operatorship of Licences 1/09 and 2/09 is another encouraging step forward as we progress towards commencing a 2-D seismic acquisition programme at the Danica Jutland Project. We are very excited about the Licences due to the high level of prospectivity attributed to them by our Competent Person, RPS Energy ('RPS'), in the first Competent Person's Report ('CPR'). The encouraging results provided significant evidence pointing to the presence of a working hydrocarbon system on the southern flank of the Northern Permian Basin, where our significantly sized licences are located.



"As with the updated CPR for our Blue Creek Project in Belize, we hope to be able announce reduced geological risk in Denmark to levels that support drilling. These levels currently stand at 1 in 8 for the Zechstein and 1 in 5 for the Triassic. This approach is supported by RPS in their CPR whereby they state that the acquisition of further seismic 'is the next step to identify a robust prospect'.



"We look forward to updating our shareholders on our progress in both Belize and Denmark as we pursue our stated goals of achieving early production through the use of extensive state-of-the-art technology, thereby minimising geological risk up to the point of drilling."



Further Information



The Farm-Out Agreements for Licences 1/09 and 2/09 were agreed between the Company's wholly-owned subsidiary New World Jutland ApS ('NW Jutland')and Danica Jutland ApS ('DJ'), the joint-holder of the Licences (dated 17 May, 2009) ('the Licence holders'). DJ currently has an 80% working interest in the Licences with a single partner, Danish North Sea Fund, which holds a fully-paying working interest in the remaining 20% of the Licences.



The first phase of the 2-D seismic acquisition programme ('the seismic programme') for the Licences (as previously described in the Company's 11 October 2011 announcement) was formally approved by the Licence holders at an Operations Committee meeting held on 14 November 2011 in Copenhagen, Denmark. This will entail the permitting for, and acquisition, processing and interpretation of 50 line kilometres of 2-D seismic on each of the Licences during Q2 of 2012. In addition, a preliminary budget for 2012, and estimates for 2013 - 2015 were also approved.

The Company will begin the tendering process for the seismic programme before the end of 2011, with a view of commencing at the beginning of Q2 2012 at an aggregate cost of US$1.25 million which will deliver an initial 12.5% working interest in the Licences. The Company has the option to increase its working interest to 25% by the investment in further seismic data, and to 80% by funding the completion of one exploration well on each Licence.



Following the completion of the first phase of the seismic programme, the Company's Competent Person, RPS, will provide an updated CPR, further high-grading prospective drillable prospects, which is expected at the end of Q2 2012.

Good news dreamcatcher 2012 should be a great year.