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New World Oil Share Chat (NEW)



Share Price: 0.335Bid: 0.27Ask: 0.40Change: 0.00 (0.00%)No Movement on New World Oil
Spread: 0.13Spread as %: 48.15%Open: 0.335High: 0.335Low: 0.335Yesterday’s Close: 0.335


Share Discussion for New World Oil (NEW)


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Arminius
Posts: 3,155
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.80
View Thread (2)
RE: would love these
15 May '14
0.82p to buy
0.78p to sell

Level 2
3 vs 2
 
aa111
Posts: 619
Off Topic
Opinion:No Opinion
Price:0.80
View Thread (2)
would love these
15 May '14
but spread at 13% is that right
Happytom
Posts: 693
Off Topic
Opinion:No Opinion
Price:0.80
View Thread (3)
RE: Arm
15 May '14
gonna be unusually upbeat about this - I've pretty much given up on it, but I'm also in RPO, who's current market cap is around 60M. Expect it to recover to 50p / share (market cap pushing 200M). It's sitting on 400M of debt and producing less than 4000 bold, so there is a chance that we could get somewhere with the Q8 deal.
Arminius
Posts: 3,155
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (3)
RE: Arm
15 May '14
Niels IPO in Luxembourg is coming up soon.
Will be interesting to see who else they partner with.

https://zephyr.bvdinfo.com/FullEditorialNews.serv?databaseContext=Deals&NewsId=16838&product=zephyrneo
Rivendell666
Posts: 3,878
Observation
Opinion:No Opinion
Price:0.83
View Thread (3)
Arm
15 May '14
It'll be interesting if we strike oil before August 2015 (now there's a happy thought.....) Only 700m shares free float but 2.9B forming the MCap.

Would Niel sell on the open market after that date or would they (IMVHO) sell chunks of their NEW holding to Principals to leverage access to oil-rich concessions??

Happy days ahead, but only if we strike oil....
Arminius
Posts: 3,155
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.83
Reminder
15 May '14
Low risk near subscription price imo.

The dragons were happy to pay 0.74p, which is a cracking deal by the way
Niel negotiated the deal when the company was pretty beat up anyway (0.006-7p/share) and NEW also finding it difficult to raise money in any otherway. The marketcap has also gone to fractions of what it once was.

Huge potential having French and Kuwaiti Dragons as partners.

Also 2.2 billion shares won`t be traded for at least a year, so no great change to shares in circulation.

In affect the free float has stayed the same.

Which means the SP will be heading north again with not much stock around.

Best to follow Niels example: Invest and hold for at least a year.

Follow the money.

This is a wealthy and well connected Dragons Punt.

Good luck all
Rivendell666
Posts: 3,878
Observation
Opinion:No Opinion
Price:0.83
View Thread (2)
Caveat
15 May '14
Proposed issue of 2,184,897,959 Subscription Shares to Niel Petroleum...... add that to the current total of 702,723,713 and that's about 2.9 Billion reasons why there won't be any substantial increase in the SP until we strike the black stuff. If you've bought in at 0.4p though, it won't need much to multi-bag but for those at 10p it'll need a MCap of £290m to break even.

Gluck and enjoy the soap..........
CaveatEmptor
Posts: 3,379
Observation
Opinion:No Opinion
Price:0.83
SP
15 May '14
Doing well today - could the SP jump like REM I wonder? If the deal goes through with Neil, I see no reason not to?
Arminius
Posts: 3,155
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.83
View Thread (3)
RE: NEW
15 May '14
Looks like our 5.000.000 buyer at 0.74p was right.

Bargain at these levels.
Arminius
Posts: 3,155
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:0.83
View Thread (3)
RE: NEW
15 May '14
I wonder if Mr Foucher knows more about the kuwaiti licence, at the end of the day he gave 20% of Niel away for $20m ;)

"It is impossible to accurately calculate the return on our investment, but drilling in Kuwait is without risks and there is little failure. The question is whether it is positive or very positive, "summarises Laurent Foucher, CEO of Neil Petroleum.



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