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31 Dec 2012 10:57

RNS Number : 5522U
New World Oil & Gas
31 December 2012
 



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

31 December 2012

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

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New World Oil and Gas Plc, the oil and gas exploration and development company focussed on Belize and Denmark, announces, for the purposes of the Disclosure and Transparency Rules of the Financial Services Authority, the following:

 

As at the date of this announcement, the Company's issued share capital consists of 358,974,829 Ordinary Shares of no par value each, with voting rights. The Company has no Ordinary Shares held in treasury and therefore the total number of voting rights in the Company is 358,974,829 and this number should therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

 

* *ENDS* *

 

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

Enquiries:

 

William Kelleher

New World Oil and Gas Plc

Tel: +1 713 447 2171

Georges Sztyk

New World Oil and Gas Plc

Tel: +1 646 407 9946

Peter Sztyk

Felicity Geidt

New World Oil and Gas Plc

Beaumont Cornish Limited

Tel: +1 917 215 7122

Tel: +44 (0) 20 7628 3396

Roland Cornish

Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396

Jerry Keen

Shore Capital

Tel: +44 (0) 20 7408 4090

Pascal Keane

Shore Capital

Tel: +44 (0) 20 7408 4090

Hugo de Salis

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Lottie Brocklehurst

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Frank Buhagiar

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

 

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. Blue Creek in Belize is the Company's most advanced project where drilling operations are currently underway at the B Crest prospect. 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. As a result, the Board is actively identifying exploitation opportunities in areas including Africa, South America and South East Asia as it looks to build a leading, diversified oil and gas company.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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