Update on Subscription

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

27 September 2013

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

Update on Subscription

Further to the announcement of 25 September 2013, there will be a further short delay in the arranging of the required transfer of funds and thus the allotment of the new ordinary shares and trading on AIM. 

The Company is working closely with the subscribers to complete the subscription. However, as the Company will from Monday need to comply with the Takeover Code, this may require a further vote of independent shareholders. The Company hopes to be in a position to confirm matters shortly.

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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.