German Major acquires acreage south of NEW's Jutland licence.
22 May 2014
A new Open Door licence - 1/14 - was awarded on 21 May 2014 to Jutland Petroleum GmbH (80 %) and Nordsøfonden (20 %) with Jutland Petroleum as the operator of the licence. The licence comprises an area in Southern Jutland.
Jutland Petroleum (German Major Deutsche Rohstoffe)
In order to secure the extension to 17 June 2014, New World Oil has committed to a passive gas survey to expand its existing prospect inventory in an effort to determine the best possible candidate for a slim-hole well.
"We’re right up onto a drilling commitment there in Denmark which we’re keen on and our partner, our Kuwaiti partner, is keen on pursuing those, so there’s going to be no impact whatsoever on those."
1. Perenco (owned by French Billionaire Perrod) 2. Pacific Rubiales (Canadian Oil Major, in Alliance with Perenco and M&P (Niel) 3. US Capital Energy/Hupecol 4. Maranco Energy 5. New World Oil and Gas (Blue Creek, West Gallon Jug, 100% working interest) 6. BelGeo 7. Providence Energy 8. Princess Petroleum
Belize drilling schedule for 2014
Maranco Energy appraisal number three confirms 50 million barrels of oil reservoir. (Immediately south of NEWs Blue Creek licence)
Perenco..........300km 2D seismic and 1 well. USCapital Energy/Hupecol....2 wells. Providence Energy.........155 line kms of 2D seismic. Pacific Rubiales (PR)......600 line kms of 2D.
Farm-out with Niels French associates likely
Jutland Petroleum (German Major Deutsche Rohstoffe) Total New World Oil (holding the largest onshore licence)
1/09 and 2/09 Block, Danica Jutland (licence extended until mid june) 1/08 Block, Danica Resources (Baltic region) Drilling decision, farm out tba, house hold name?
Oil licence to explore, drill, export Details tba (Mr Foucher: "Drilling in Kuwait is without risk, the question is whether the result is positive or very positive."
São Tomé EEZ Current licensing bid round, awaiting results
Block 1 and 6 Galp Energia, New World Oil Block 1 Blue Skies World Block 6 Global Energy
Allocated so far
Block 2 Sinoangol (China's Sinopec) Block 3 Oranto-Petroleum Block 4 and 11 EHRC Block 5 and 12 Equator Exploration
Not sure -I first noticed him and NEW a few weeks back. I'm very new to shares so a bit clueless, but Arminius' ernest repetition made me think his motivations weren't entirely altruistic :) no offence to you arminius, I might be wrong!
Plus listening to an interview with William Kelleher put me off a bit... Dunno. I'm just monitoring to see if anything changes.
I would have sold a long time ago i'm 95% down now. But its literally not worth selling this low i'd rather lose it all because if I was to sell at this price I would have enough money maybe to buy a Mcdonalds or a curry at a push, so maybe just a few £, after dealer fees. But if I stay in there is a chance this may do good in a few years.
I'm getting annoyed that they are taking so long to do the so-called deals billion $ deals get done quicker and they are far more complicated.
I would like them to reach midcap in a year or a year and a half, but they are taking their sweet time to make it up to 2 or even 3p at the moment.
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