New World Oil And Gas Regulatory News (NEW)

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

3 January 2012

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

Virtual Data Room established following receipt of unsolicited approaches to participate in Blue Creek and Danica Jutland Projects

New World Oil and Gas Plc, a company focussed on making investments in the oil and gas sector, has established a Virtual Data Room with its Competent Person, RPS Energy ('RPS'), in response to receiving a number of unsolicited approaches from within the oil and gas industry to participate in the Company's highly prospective projects located in Belize and Denmark.

Key elements of the Data Room:

·; A secure FTP site has been created by RPS Energy to house all of the technical data for the Company's Belize and Denmark projects:

o The Blue Creek Project located in the productive Petén Basin in Northwest Belize. Two prospects, rated by RPS as having:

§ a 1 in 5 probability of geologic success

§ a combined 294MMbbl estimate of P50 reserves (a 50% probability of quantities recovered equalling or exceeding the estimate)

§ a combined Expected Monetary Value (EMV) in the event of a discovery of $1.53bn (using a 10% per annum discount on cashflow)

o The Danica Jutland Project covering an area of 4,107 sq km located in the productive Jutland on-shore area in South Western Denmark

·; Access will be limited to qualified interested parties, following a thorough screening process and the signing of a Confidentiality Agreement.

·; Based on their examination of the technical data, interested parties may wish to engage the Company in discussions with a view to participating in the exploration phase of one or both of the projects.

New World CEO William Kelleher said, "Following our announcement of 12 December 2011 in which our Competent Person identified two prospects at our Blue Creek Project with a combined P50 estimate of 294MMbbl and an EMV of $1.53bn, we have received several unsolicited approaches from within the oil and gas industry. In response to these, a data room has now been set up to assess these expressions of interest. While it is too early to report definitive plans to farm down on either one or both projects, I can guarantee that any proposal will be rigorously analysed to ensure the best possible outcome for shareholders. In addition to the data room, we continue to evaluate all possible funding strategies with the overriding aim to maximize value and minimise dilution for our shareholders. Our principal goal however remains finding oil and gas and we look forward to providing further updates on our progress in 2012."

* *ENDS* *

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.