Danica Resources Project Letter of Opinion

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

1 August 2013

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

 Competent Person's Letter of Opinion on Danica Resources Project, Denmark

New World Oil and Gas Plc, an oil and gas exploration and development company focused on Belize and Denmark, has received a Letter of Opinion from RPS Energy ('RPS'), which includes the identification of a second drill-ready prospect on the Danica Resources Project ('Danica Resources' or 'the Project') and an update on the existing Als prospect. New World holds a 25% working interest in Danica Resources which covers an area of 1.67 million acres in the productive Western Baltic region of the South Permian Basin in Southern Denmark.

Key Findings of the Letter of Opinion:

·; RPS has reviewed a second drill-ready prospect on the Project

·; The North Rødby prospect is located 75km to the southeast of the Zechstein producing fields of Germany

·; RPS determines a structure is most likely present at North Rødby in both the Z2 Main Dolomite and Rotliegendes intervals

·; Existing 2-D seismic indicates North Rødby to be a fault-independent four way closure in the Zechstein and Rotliegendes

·; Historic well drilled to the south of and down-dip from North Rødby in 1953 with flammable gas shows in the Upper Zechstein

·; The geological model predicts a relatively rapid increase in reservoir quality up-dip from the historic well at North Rødby, particularly for the Zechstein

·; New World has run scoping economics on North Rødby as set out in the table below:

·; To de-risk the Project further and considering the relative costs involved, RPS suggests consideration be given to drilling either of the Prospects rather than acquiring 3-D seismic. This is particularly the case at the Als location but can also be justified at North Rødby

·; Discovery at either Als or North Rødby would considerably reduce reservoir and hydrocarbon system risk for the Project

·; Volumetrics and Probability of Geologic Success ('GPoS') assigned to Als by RPS remain unchanged which, along with the Company's associated scoping economics are detailed in the table below:

·; Recently completed four line 2-D seismic acquisition programme (39.15km) further defines the previously identified Zechstein Zn-2, Zn-3 and Zn-4 leads

·; New seismic data validates the major bounding fault to the north of the Zn-2 and the southern bounding fault of Zn-4 but suggests the carbonate platform edge in the Zn-4 area is further north than previously thought

·; Prior to this update, a total of 28 leads and one prospect had been identified on Danica Resources

·; As previously stated by RPS, should a discovery be made on drilling a Zechstein prospect, the Project area would offer significant further exploration potential due to its large size (1.67 million acres)

·; New World has the option to earn an additional 55% working interest in the Project upon completion of drilling one well, as set out in the Farm-Out Agreement (announcement 17 April 2012), bringing its working interest to 80

New World CEO William Kelleher said, "Danica Resources, our second project in Denmark, now has two drill-ready prospects, each with two separate targets in the Zechstein and Rotliegendes and each with company-making potential. In aggregate, Als and North Rødby, have indicative volumetrics totalling 444.4 MMbbls oil (unrisked sum of individual P50, discovery case), and success case economic outcomes of NPV10 US$3.67 billion net to New World.

"We have already reported net indicative volumetrics and success case economic outcomes for the Danica Jutland Project totalling 591 BCF (unrisked sum of individual P50, discovery case) and a NPV10 of US$655.7 million. Multiple leads and prospects have been defined on both our Danish projects, and as a result, we have delivered on our objective to expose our shareholders to considerable upside. Management is now focused on realizing the value created to date, and our on-going farm-out negotiations with potential partners are a part of this process, as we look to advance these highly prospective licences in Denmark."

The information contained in this announcement has been reviewed and approved by Andrew Kirchin on behalf of RPS. Mr. Kirchin has over 25 years of relevant experience in the oil industry and is currently EVP, Consulting (US), with RPS in Houston.

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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. 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.