New World Oil Ratings

BUY by Boringposty on 14 May 2015 12:38

Price at rating: 0.31, now:

Hope we get any penny's worth?

Score: 20.00

PANIC by formxshape on 12 May 2015 10:38

Price at rating: 0.17, now:

Mass confusion and corruption

BUY by CockneyRebel on 30 Dec 2014 09:13

Price at rating: 0.16, now:

New World oil Gas (NEW) projects in Denmark worth around $2.4bn – Danica Resources and Danica Jutland – have been completely overshadowed. It currently has 25 per cent of Danica Jutland. The proven and probable recoverable resource figure (based on an 80 per cent working interest) is around half a trillion cubic feet of gas and 48million barrels of oil from the Jensen, Harboe and Jelling prospects with a net present value of $1.2billion. Danica Resources, meanwhile, has 12 prospects and 13 leads. The most promising, 'drillable prospect' is Als, which has a P50 reserve estimate of 1.4trillion cubic feet of gas and 97million barrels of oil, or 330.5mln barrels of oil equivalent, worth around $2.4bn. Lolland and Falster – Lolland is twice the size of Als,'. 'So there is still plenty of work to do, plenty going on. It is quite an inventory.' If Denmark is positive then the share price should be poised for substantial growth. And the advantage for investors is that, assuming the company commits to very regular news flow, we should see the value build in process. But consider this. If the company does find one 25million barrel oil resource in Denmark the value creation will be immediate and substantial. Ascribing a cautious nominal in- situ value of $10 per barrel would create a resource worth some $250million or around £160million. With the current 709 million shares in issue that would equate to approximately £0.25 per share (compared to the current share price of 0.03p). If we were to apply current world oil prices, which ultimate production would command, then you would need to multiply all these figures by a factor of 10! Either way it’s not bad for starters - and it should also be kept firmly in mind that they are not looking to make just the one discovery! The question then becomes a personal one for each investor; whether to enter at the beginning, when the share price and market cap are extremely low, or wait for more assurance accepting the likely materially higher prices and competing investor demand that should accompany solid positive news. The first half saw it re-negotiate and extend its work programme deadlines in the firm's three Danish licences, allowing additional time to negotiate farm-out agreements. "Over the past 6 months, they have met with and discussed the projects with a number of potentially interested parties, and we continue to do so. "In Belize, where they currently hold a 100% working interest in the Blue Creek Project, the deadline for the expiration of our Production Sharing Agreement has been extended to October 2015. "With thier local partners, Blue Creek Exploration Ltd, they continue to seek out and discuss possible farm-out partnerships. In addition, they have attended industry conferences in both America and in Europe, in a continuing effort to find partners. "Finally, they have contracted a reputable search firm to assist in the farm-out process," which now looks to be bearing fruit and we expect an update in this regard anyday now.

Score: 88.75

BUY by Barney71255 on 08 Dec 2014 21:19

Price at rating: 0.24, now:

From: miningoz 12/8/2014 8:56:31 AM of 156 New World Oil and Gas(NEW) ready to join forces with Maranco, which is exploring in northern Belize, continues testing its wells. Cho said that the company is trying to look at different ways that they could test the wells and to see how much could be produced. We asked Cho what the prospects are for a major oil find in the South. “The potential is good but we will only know if we drill,” he said. Maranco Energy Belize Limited announced that it had found an encouraging oil show at its South Canal Bank number one exploration well. That never panned out, but tonight there is confirmation that Maranco has struck oil, black gold, after digging a second appraisal well as South Canal Bank number three. Initial estimates put the reserves at close to fifty million barrels of oil…more than double the initial reserves at the Spanish Lookout Belize Natural Energy well. That is a monumental discovery. Limited, Blue Creek Exploration Ltd., BCH International Ltd., Maranco Belize Ltd., Perenco Belize Ltd., Princess Petroleum Ltd., Providence Energy Ltd., US Capital Energy Belize Ltd. and Belize Natural Energy are the 9 companies with contracts. Princess Petroleum has about a million acres offshore under its concession, but Cho said that no offshore works have been carried out by that company. Meanwhile, Cho confirmed that US Capital is getting ready to drill; Perenco is processing seismic survey results, while BelGeo and BCH are shooting seismic. Big things are happening with the contracts for Princess Petroleum and Blue Creek Exploration, which has a partnership with New World Oil and Gas, Cho told us. We asked what happened to Paradise Energy Limited, which had been given an extensive oil concession over the Maya Mountain Massif. Cho said that the company had relinquished its blocks. Last week New World terminated thier agreement with NIEL saying New World Chairman Chris Einchcomb commented: "This Agreement brings the current Niel relationship to a close, but does not preclude future cooperation between our companies. Niel has acted in good faith in this matter, and New World has been provided with adequate working capital allowing us to pursue other sources of funding in the short term. In the meantime, we remain in discussions with potential farm-in partners for our Blue Creek Project in Belize and Danica Jutland and Danica Resources projects in Denmark where we have successfully re-negotiated and extended our work programme deadlines with the aim of further unlocking the value in these assets."It believed this was recquired so a new agreement and JV partner could be put in place with drilling rigs already being sourced said local sources.

Score: 17.50

BUY by onceatrader on 01 Dec 2014 07:27

Price at rating: 0.33, now:

massive riser on this new

Score: 3.75