New World Oil And Gas Regulatory News (NEW)

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

19 April 2013

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

Operations Update, Denmark

New World Oil and Gas Plc, an oil and gas exploration and development company focused on Belize and Denmark, is pleased to provide an update on its operations in Denmark where the Company has interests in two projects. The Danica Jutland Project is located in the highly prospective North Permian Basin in the Jutland on-shore area in South West Denmark and the Danica Resources Project is located in the productive Western Baltic region of the South Permian Basin in Southern Denmark.

Licence 1/09 - Danica Jutland Project

·; Interpretation of the 75 sq km 3-D seismic acquisition programme on the Zechstein (Z1 and Z2) Jensen prospect is now complete

·; RPS Energy has currently assigned the Jensen prospect P50 prospective resources of 48MMbo valued at US$667 million (adjusted to an 80% working interest), as set out in the Re-Admission Document dated 3 July 2012

·; Discussions are on-going with potential farm-in partners

·; Updated Competent Person's Report ('CPR') will be released before the end of Q2 2013

·; New World currently has a 25% working interest in the Danica Jutland Project with an option to earn up to 80%; the Danish North Sea Fund will remain with a 20% interest

Licence 1/08 - Danica Resources Project

·; 38.5 sq km 2-D seismic acquisition programme completed

·; High grading data on large Zechstein Zn-2, Zn-3 and Zn-4 leads totalling 13,485 acres which were targeted by several of the latest 2-D lines as announced in the Danica Resources CPR Update on 22 January 2013

·; Interpretation of the data is now underway with a view to deciding which leads are to undergo a 3-D seismic acquisition programme

·; Als Prospect P50 volumetrics remain at 97 MMbo and 1.4 TCF of gas valued at US$2.4 billion

·; New World currently has a 25% working interest in the Danica Resources Project with an option to earn up to 80%; the Danish North Sea Fund will remain with a 20% interest

New World CEO William Kelleher said, "Whilst drilling is underway in Belize, progress continues to be made across the Atlantic at our Danish assets. We have completed the initial interpretation of the 3-D seismic data on our Jensen prospect on block 1/09, and RPS Energy are now compiling the data into an updated CPR which will be available before the end of Q2 2013. Meanwhile, our recent 2-D programme on block 1/08 has just been completed. We are eager to receive the results of this programme as the data will reveal which of several large structures already identified we will further de-risk with a 3-D programme.

"All of this newly acquired data will be instrumental in our on-going discussions with potential farm-in partners and I look forward to providing further updates on our progress in both Belize and Denmark in due course."

* *ENDS* *

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

Notes

New World Oil and Gas Plc is an oil and gas operating company with three highly prospective projects in Belize and Denmark. New World is operator of all three projects where a systematic programme of seismic acquisition has resulted in multiple prospects being identified and derisked, a number of which have been classified by the Competent Person as being drill ready. In Belize drilling operations commenced at the West Gallon Jug Crest prospect on 1 March 2013. New World also operates two projects in onshore Denmark located in producing basins covering a combined area of over 2.6 million acres, making it the largest holder of acreage in Denmark.

Management is constantly evaluating additional projects that would complement the Company's growing portfolio, particularly late stage exploration or early production projects located in basins with large proven reserves that, in the opinion of the Directors, are undervalued, underdeveloped or under-performing.