Latest Share Chat

New World Oil And Gas Share News (NEW)

New World Oil And Gas Information

There is currently no data for NEW

Small caps round-up: Datong, Sefton, Jupiter Energy...

Wed, 25th Jan 2012 08:40

Covert intelligence company Datong broke cover on Wednesday to announce that a patent infringement claim brought against it had been thrown out by the Court of Appeal. MMI Research had maintained that a third party product sold by Datong infringed the UK element of a patent jointly owned by MMI. Datong had made a provision of £0.3m to cover costs of litigation, including any potential compensation it might be required to pay, but now expects the costs associated with the court case will be substantially lower than £0.3m.The cruise industry has had a tough time of it of late, but All Leisure Group brought a bit of cheer to the sector with its full year results, which showed the company moving firmly into the black. Profit before tax of £5.7m for the year ended October 31st was a substantial improvement on the loss of £2.1m recorded the year before. The full-year dividend has been maintained at 1.31p.New World Oil and Gas, a company focussed on making investments in the oil and gas sector, has received a Competent Person's Report (CPR) from RPS Energy, highlighting the prospectivity of the Danica Resources Licence 1/08. Following the results of the CPR, the firm intends to negotiate a farm-out agreement, with the current operator of the licence, Danica Resources. Providing drilling is successful, RPS Energy believes it is likely that they will make excellent reservoirs.CSS Stellar, the investment company that recently decided that it wanted to get into the natural resources sector, said that Gold Mines of Wales (GMOW), in which it has a 49% stake, has had its licence to search for gold in the county of Gwynedd in Wales renewed for a year, commencing February 10th, 2012. CSS Stellar plans to work with GMOW and the local authorities to assess the economic viability of re-opening meaningful gold mining operations.Sefton Resources, a US-focused oil company, has announced that three new wells are in production, with initial flows improving as expected. These are expected to stabilise within the next 30 days. A workover program of certain wells at Tapia is expected to provide a further increase in oil production. Executive Chairman Jim Ellerton said: "We now have in place a solid base of assets which will generate long term and highly visible earnings from both California and Kansas and will position us very well to achieve continued organic growth and to accelerate this through selected further acquisitions."Jupiter Energy, an oil exploration and production company, announced today that its J-53 well has reached its final depth and indicates hydrocarbons in the zone. Initial analysis indicates 87m of gross pay and 56m of net pay. The well is now being prepared to run for a period of up to ninety days of flow testing, during which time flow rates and reservoir pressures will be measured for various choke sizes and fluid samples collected for analysis. The well will then be shut in and an application will be submitted to the relevant regulatory authorities for the well to be put onto a trial production licence.

More News

19 Sep 2013 12:01

New World Oil & Gas Loss Widens On Higher Operating Costs

21 Aug 2013 19:15

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-

21 Aug 2013 10:55

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

19 Aug 2013 16:01

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

18 Aug 2013 23:01

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

28 Jun 2013 10:14

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

17 Jun 2013 08:00

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

26 Apr 2013 11:22

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

26 Apr 2013 10:04

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

26 Apr 2013 08:13

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

19 Apr 2013 11:03

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

10 Apr 2013 08:26

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

28 Mar 2013 10:26

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

18 Mar 2013 07:57

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

8 Mar 2013 10:37

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

Latest Share Chat

New World Oil And Gas Share News (NEW)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Small caps round-up: Datong, Sefton, Jupiter Energy...

Login to your account

Quickpicks are a member only feature

Login to your account