New World Oil And Gas Share News (NEW)

New World Oil & Gas Loss Widens On Higher Operating Costs

New World Oil&Gas finds investor to finance growth

Ahead of its upcoming General Shareholders' meeting on September 12th oil and gas exploration outfit New World Oil&Gas has announced that it will propose to raise 25m dollars - approximately 16m pounds - via the issuance of 2,184,897,959 subscription Shares, at a price of 0.735p each, to Luxembourg-

STOCKS NEWS EUROPE-UK small caps rise, outpace weaker blue-chips

The FTSE Small Caps Index and the FTSE AIM All Share Index both rise by 0.1 percent in mid-session trade, outpacing a fall of 0.7 percent on the blue-chip FTSE 100 index and a 0.1 percent decline on the FTSE 250 mid-cap index , which hit record highs earlier this month. Kitchenware and coo

UPDATE 1-M&A on the way as AIM-listed oil stocks struggle

By Andrew Callus LONDON, Aug 19 (Reuters) - Takeover action is on the horizon among smaller and weaker London-listed oil companies because they are finding it harder to raise funds, while larger peers are having no such difficulty, according to consultancy Ernst & Young. Its Oil and G

M&A on the way as AIM-listed oil stocks struggle

By Andrew Callus LONDON, Aug 19 (Reuters) - Takeover action is on the horizon among smaller and weaker London-listed oil companies because they are finding it harder to raise funds, while their larger peers are having no such difficulty, according to a prediction by Ernst & Young. The

New World Oil and Gas expands working stake in Blue Creek

New World Oil and Gas has reported that that the Belize Ministry of Energy, Science & Technology and Public Utilities has formally approved the assignment of the final 25 per cent working interest in the Blue Creek Project located in the producing Petén Basin in Northwest Belize to New World's wholl

New World Oil and Gas secures six-month extension for Danish licences

New World Oil and Gas, an oil and gas operating company focused on Denmark and Belize, has secured a six-month extension in work programme commitment deadlines for Licences 1/09 and 2/09 at its Danica Jutland Project in Western Denmark. The company said that the extension had been discussed with

STOCKS NEWS EUROPE-UK small caps fall, outperform blue-chips

The FTSE Small Caps Index is down by 0.2 percent in mid-session trade, outperforming bigger declines of 0.6 percent on the blue-chip FTSE 100 index and 0.5 percent on the mid-cap FTSE 250 index. Hotels company Snoozebox slumps by 10.3 percent after reporting an annual loss of 4.4 million po

New World Oil and Gas dips after deeming Rio Bravo well 'non-commercial'

Shares in New World Oil and Gas dipped on Friday morning after the oil and gas exploration company reported that insufficient commercial quantities of moveable hydrocarbons had been found at the Rio Bravo well in Northwest Belize. The company, which is focused on Belize and Denmark, said that the w

STOCKS NEWS EUROPE-UK small caps dip 0.1 pct, outperform blue-chips

The FTSE Small Caps Index is down by 0.1 percent in early session trading, slightly outperforming a bigger 0.2 percent fall on the blue-chip FTSE 100 index and a 0.4 percent fall on the mid-cap FTSE 250 index. New World Oil & Gas Plc falls 28.1 percent after having to abandon its Rio Bravo

New World Oil and Gas makes progress on Danish operations

New World Oil and Gas has completed its 2D seismic programme on the Danica Resources project and expects a competent person's report (CPR) for its Danica Jutland by the end of the second quarter. In an update on its Danish operations, the company said it has finished interpreting data from a recent

New World reports intital shows at Gallon Jug

Oil and gas explorer New World Oil and Gas revealed encouraging initial drilling at its first well at the West Gallon Jug Crest prospect in Belize. The junior oil outfit said it has recorded a number of hydrocarbon shows and that drilling operations had so far been in line with its geologic expecta

New World Oil and Gas raises proceeds for Belize well

New World Oil and Gas shares plunged Thursday as the oil and gas company said it has raised 6.3 million pounds to test and appraise the Rio Bravo 1 well in Belize, Central America. The group raised the proceeds through the issue of 315m new ordinary shares at a price of 2.0p each. The company star

New world Oil and Gas gains approval for interest in Danica licence

New World Oil and Gas, a company focused on Belize and Denmark, has announced that the Danish Energy Authority has formally approved the assignment of a 25 per cent working interest in licence 1/08 of the Danica Resources Project to the company's wholly owned subsidiary, New World Resources ApS. T

New World Oil and Gas doubles stake in Danica Jutland Project

AIM-listed New World Oil and Gas has announced that it has received approval to increase its interest in licences on the Danica Jutland Project to 25 per cent. The Danish Energy Authority, which is part of the Government of Denmark, has formally approved the assignment to New World's wholly owned s