New World (NEW) Speculative Buy (28 June) New World announced its final audited results for the year ended 31 December 2012. Highlights included that operator status has been attained to commence drilling at drill-ready prospects and the systematic de-risking process applied to all projects has identified combined gross P50 volumetrics of 258 MMbbls of oil and 2 TCF of natural gas reported by RPS Energy. They added that farm-out partners are being sourced for 3 projects to reduce New World capital costs and further de-risk and that they are fully funded to meet all financial commitments over the course of 2013 maintaining pipeline of potential projects and continuing to evaluate new low-risk opportunities which could lead to early oil production.
everything fall and still falling ...not only NEW ..look at GDP today some people think could be recovery on the way for its share price ..MNC...bhr ..matd ...char ...i look at everywhere .and its big fall
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