11th Jun 2012 07:00
New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas
11 June 2012
New World Oil and Gas Plc ('New World' or the 'Company')
New World Investor Evening
New World Oil and Gas Plc, a company focused on making investments in the oil and gas sector, is holding an investor evening on Tuesday 3 July 2012 at 6.00pm at The Geological Society, Burlington House, Piccadilly, London, W1J 0BG. At the event, the Directors of the Company will discuss New World's significant progress since its admission to AIM in May 2011 and provide an update on its Blue Creek Project in Belize and its Danica Jutland and Danica Resources Projects in Denmark. The investor evening will also allow for a Q&A session with members of the Board.
To register for a place at the event and for further information please click on the following link http://www.eyespydigital.com/investments/nwoilgas/.
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For further information please visit www.nwoilgas.com or contact:
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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.
New World's first investment was in the Blue Creek Project, located in the productive Petén Basin in northwest Belize, and consists of two concessions, Blue Creek and Blue Creek South, totalling 420sq km. The Company has signed a Farm-Out Agreement for up to a 100% working interest in the project upon full completion of the earn-in work programme. A multi-phased 2-D seismic acquisition and interpretation programme is being undertaken, with Phase 1 complete and Phase 2 currently underway, the completion of which will earn the Company a 25% interest in the project.
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New World Oil And Gas