New World O & G listed on AIM in May 2011 and is at a very dynamic stage in its development, with several areas of value enhancement in progress through the next 12 months.


They have licences on 2 blocks (Blue Creek & Gallon Jug) in north western Belize, in the Peten Basin which has reserves of >70Bbo, and 3 blocks in Denmark on the North Permian Basin.


The first 2 of 5 identified prospects on their acreage in Belize will be drilled, starting at the end of Q2/12, targeting 294mmbo recoverable (P50). Independent CPR gives a 21% COS.

The 5 prospects have been reported with potentially between 800mm - 1Bbo P50 recoverables.

Further seismic surveys have been in progress which seem likely to increase the potential, as well as confidence in the acreage.

A revised CPR is expected by the end of April 2012 with spudding of the first well end Q2/early Q3.

Completion of 2 wells, by Q1/13 will result in 100% WI.


New World have also farmed in to 3 licence blocks (1/09, 2/09 in Denmark which are to be subject to additional seismic survey in the near future and follow their standard model of earning in towards 100% WI on the basis of seismic & then drill progress.


A strong bargaining position has been established with the fund-raising announced on 8th March which enables the company to drill at least the first prospect, B Crest, without a partner. Farm-in partnership is expected on the right terms as they tackle the Belize prospects, currently given a gross combined P50 NPV(10) of US$7.1 billion.



A series of CPRs are available on the company website nwoilgas.com


Senior management have strong O & G E&P credentials with cvs containing VOG, Yukos, Chevron & Occidental.

The company have stated they intend to keep dilution to a minimum.
William Kelleher has said that the company try to answer every email they recieve.
there is an aditional thread that has broker note and presentations

I hold these shares.




SUGGESTED NEWSFLOW for 2012

Below is a breakdown of The Forecast of Newsflow for 2012 - sourced from the New World Oil and Gas Presentation at the MiningMaven Investor Evening (14/12/11).

Blue Creek Project, Belize

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