New World Oil And Gas Regulatory News (NEW)

New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

1 May 2012

New World Oil and Gas Plc ('New World' or 'the Company')

Board Appointment

New World Oil and Gas Plc, a company focused on making investments in the oil and gas sector, is pleased to announce today the appointment of Mr. Christopher (Chris) Einchcomb as a Non-executive Director to the Board. Mr. Einchcomb has nearly 30 years' experience in the oil and gas industry having worked for both major oil companies and the service sector in technical, commercial and management roles.

Mr. Einchcomb has extensive global experience in the oil and gas industry having spent over 24 years at BP where he worked in the UK, US, Norway, Vietnam, Venezuela and Russia. During his employment at BP, he gained experience in Mergers and Acquisition, exploration leadership roles and for two years headed BP's Exploration Assurance function. Between 2008 and 2011, Mr. Einchcomb was Executive Vice President for Integra's seismic Division, one of Russia's biggest integrated service providers. He is currently Senior Vice President at TNK-BP with overall responsibility for Russia, global exploration operations and organic renewal.

New World CEO William Kelleher said, "We are delighted to welcome Chris to the Board. He brings a wide range of commercial, technical and operational skills in international exploration which will be valuable to us as we evaluate and test our opportunities in Belize and Denmark, as well as look to expand our portfolio further.

"Chris is joining our Board at an exciting time for the Company. At Blue Creek in Northwest Belize, our most advanced project, we have already identified two prospects with a combined gross P50 estimate of 294MMbbl and an Expected Monetary Value of $1.53bn. Meanwhile in Denmark, we have just announced the completion of the transaction documents for our third project, the Danica Resources Project which has a 'drill ready prospect' with a gross P50 resource of 97 MMbbls of oil and 1.401 TCF of gas, and where a phased seismic acquisition programme is due to begin shortly."

The directorships and / or partnerships held by Christopher Charles Gilbert Einchcomb, aged 50, in the previous five years are as follows:

Mr. Einchcomb does not own any shares of New World Oil and Gas Plc.

There is no further information on Mr. Einchcomb required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

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For further information please visit www.nwoilgas.com or contact:

Notes:

New World Oil and Gas Plc is focussed on making investments in the oil and gas sector, either by acquisition or by participation through Farm-Out. The Company targets late stage exploration or early production projects that, in the opinion of the Directors, are undervalued, underdeveloped or under-performing, located in basins with large proven reserves. New World is currently operating in Central America and Europe where New World has acquired two highly prospective projects via Farm-Out Agreements, although the Board is actively identifying exploitation opportunities in areas including Africa, South America and South East Asia.