new world oil NO its been highjacked by chris murphy / platform3

Thursday, Feb 09 2012 by
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F458 11th Feb '12 25 of 123

 Many thanks for the invite here and hello to everyone else including uniform tango .
Looking forward in reading and sharing all educational posts and everyones opinions / comments here.

I am a mid-long term holder here, and don't day trade as I have a full time job and won't want to miss out selling and getting back in at a higher level, my average here is good but will increase my holdings as and when and I feel we have another dip here at the moment to do just that.
I am very pleased to be part of this board,but can only apologise as I don't post very often but when I do I hope my input will be helpful.
All the best

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chris murphy 11th Feb '12 26 of 123
1

just a thankyou out to NEW for a 4.4av(3.89 4.1 5.1 5.3) sold 12.28 11.98 9.1 for a £33k profit.
its magic down there.....gla



http://www.youtube.com/watch?v=Pn2-b_opVTo

xbixbetsxterriblesxnevadax

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chris murphy 13th Feb '12 27 of 123
1

one of the last quotes from kelleher is the most interesting. to think in london dilution was 'not till further down the rd weve alot of work to do untill we make decisions on funding.we'd look to return to the market@june 2012 for £9million of drilling capital.

dont look like june Bill...its snowing.

dont look like £9m either.looks like over double

lets hope the ...we dont intend to place equity for a living quote also doesnt get brushed aside.

22m minus 9m thats alot of salaries being paid.

tightening our belts?...and using 250 seismic staff.

does it normally take 250? i thought it was a much lower figure.


still.... VOG (mass diluted to death) and Yukos(tax evasion and fraud)

is a record that youd need a great PR push to get it going on new starts and new begginnings etc.......

well....so far....im on around 2 big porkies.........any more ya Big Bull Bill?


300mmlbs..........

s lookout 15mmlb n delays 6mmlb treaty 0mmlb and no other finds on 60 years.no 200mmlb field ever discovered in belize....and the major looked.

hopefully oil will be found and NEWs bull run hopefully will not fall into a Pig in the trough run.


Bill ya big horny Bull.

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chris murphy 13th Feb '12 28 of 123
1

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
The purpose of Resolution 5 is to renew the Board’s authority in accordance with Article 2.16 of the Company’s
Articles to exercise all powers of the Company to allot up to 575,000,000 ordinary shares of no par value in the
Company without application of Article 2.8 of the Articles to provide the Company with sufficient capacity to
allot further shares over the relevant period pursuant to, inter alia, one or more fundraisings (including that
mentioned above) by the Company for the purposes of the Company’s investing policy and to meet general
working capital requirements (if the Directors consider this appropriate and in the best interests of the Company).
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Also a bit more concerning but quite normal in a company wishing to raise share holders funds from the same document:-
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
1 the authorised share capital of the Company is increased from 280,000,000 shares of no par value to an
unlimited number of shares of no par value;

2 paragraph 6 of the memorandum of association of the Company is deleted and the following is inserted
in its place:

"6. The Company is authorised to issue an unlimited number of shares of no par value."

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chris murphy 13th Feb '12 29 of 123
1

8.5p...theres the 8.4/8.6 call in the bag. waiting for 7.4/7.6. no rush:)gla

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chris murphy 13th Feb '12 30 of 123
1

post from uniformtango

Guys
I'm afraid we've just got to sweat it out as the SP continues to retrace. I don't know what Bill and the BOD are going to do; I'm pretty certain nobody on this thread knows, and it may well be that even the Executive team don't actually know the final details yet!
So what's the best thing to do; jump ship? partially jump ship and try to trade at these levels? Obviously, we can all say that, in retrospect, we should all have sold at 13 and re bought in single figures; we'd be wealthier, AT THIS TIME!
However, experience, and Warren Buffett, have shown year after year, decade after decade, that provided the fundamentals are, and remain, good; provided you still trust your CEO and BOD, to act in shareholders best interests, you end up making more money in a safer and less stressful manner, by holding.
If you don't tru


blah blah blah.....heard this kind of drivel on bbs many times.
beware posts like these...these kind of ppl would walk you all the way to 5p telling you how great the stock is.seen it many times.
...a punter that never sold and is watching all his profit dissapear.....

and for information..wake up!the fundamentals are changing...your about to treble your share size! doh! and you dont even know what by!doh2!

happy not to have taken your advice@12.28- and wont be taking any in the future either thanx.

gla


gla

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Mr Dross 13th Feb '12 31 of 123
1

Chris i have just read the same artical and you have misinterpritated it .
it says they are looking for the ability to raise the shares in issue including warrents to a maximum of 575 million .
at the moment its 280 million .
so just to clrify
they are looking to have the ability to rasie the potential amount of shares in issue by 295 million
i hope that clears up your confusion

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chris murphy 13th Feb '12 32 of 123

v proud of my calling history here

called:- 3.89 bottom
12 top
10.6 retrace
12p top
9.5p retrace
8.76p retrace
10.5 bounce back
8.6p drift back
mmmmm....8.55p next call 7.4p

watch and learn(recent new positions) char 114 116 119 fogl 47 49 51 bpc 5.8 6.8 xell 88

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Fangorn 13th Feb '12 33 of 123
3

Don't let your ego get in the way there will you.

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chris murphy 13th Feb '12 34 of 123

thanks mr dross that does. the link is clearly biased.

im sure we will all know the time to buy buy buy

glmate aex was only a bb bit of fun.play like men...were not kids anymore...

looking to put 60k in here....atb

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chris murphy 13th Feb '12 35 of 123

my 7.4 is vague though. ill be staging in worst ways i presume is a palce @7.1p cant see it though.
so ready for reversal uptrends and continuation signs
happy to pay 7p or 14p looking for uptrends gl only hassle here is drlling is so far away..wont be any rmp(11 place)types run to spud...

shame and we were told may/june.shame.horny old bill jumped for the cash!(at v first opportunity)..but thats alot of cash coming into their acc!    yeeeeha!  

 

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chris murphy 13th Feb '12 36 of 123

 gc trader the contrarian view.....puts into perspective the doomsters who argue over a penny here or there at the moment.

loading to the max as this just gets hotter and hotter.

old wise owl
-----------------------------------------------------------------------------------------

let me intervene and put it into a so called 'doomsters' perspective for you...

IF you are buying 10k shares with the intent to hug and hold for the £10 plus a share holy grail party that has been repeatedly speculated about then a penny lost here or a penny lost there in the long term is pretty irrelevant, however if you are buying a few hundred thousand shares at a time looking for a few pence on swing trades here and there on ACTUAL news event days, then every penny swing is the equivalent of a grand per 100k shares... (either profit or loss)

as an investor (we are all 'investors' whether we trade short or just hold long) I’d say that's pretty significant and perhaps puts into perspective the £10k plus I've already saved myself by selling out last week...

OK so why did I sell out last week I hear you ask…

well I don't have the luxury of a crystal ball or a secure direct line to Bill (as some claim to have) but I think even the most fervent believers knew that a significant (yes significant) dilution at some point was always always on the cards (despite what Bill may tell his fanatical followers) and therefore for me the time was about right to sell as a near 50% profit realisation was just too hard to resist with so many unknown variable outcomes still to be made public...

IF folks interpret previous RNS's and presentations, it was pretty clear their intent for quite a few Q1 deliverables (lots of those promised deliverables were starting to stack up) however they were never going to deliver any of them without significant funds...

significant funds = significant dilution = significant price drop... it's that simple...

BTW... with any emerging junior oiler (no proven assets and no money) it's very often the case of...

''it's not what's written in an RNS that matters, it's actually what's NOT together with being able to understand what's coming next that counts''

GCT... perhaps an older wiser owl...

PS...
deepcalm, I'm happy for you to keep topping up for the long play (that's your strategy and your prerogative) but in the interim I'm just as happy for myself to sit back, watch and wait for the moment as this has (IMHO) got sub 8p written all over it... but then again that's just my opinion... I'll come back and visit when details of any placement or farm downs are revealed...

and yes for some of us... a simple doubling of the SP would be a fantastic result...

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Mr Dross 13th Feb '12 37 of 123
1

The EGM and the future of NEW                                 posted by 23Jez on iii 

It seems to me that a lot of the recent  discussion relates to incomplete understanding of what the EGM resolutions mean. Hope the following helps.

To understand this we to understand several other things :

1. What is a “no par value share”?

The following definition covers all relevant points; the web reference is given.

“no par value (NPV) share
Definition
Share issued with no par value specified either on the share certificate or in the issuer firm's charter or prospectus. The objectives of its issuance include (1) avoidance of taxes levied according to the share's face value, (2) avoidance of the issuer firm's liability to shareholders in the event the shares have to be sold at a discount, and (3) elimination of investor confusion over the par value and the real (market) value of the share. Cash proceeds from the share-sale are accounted for by debiting the cash account and crediting the capital share account, thus assigning an implicit value to the issued shares. No par value shares may be disadvantageous to shareholders where the firm lowers the value of already issued shares by accepting lower price for the new issue. Also called no par value stock, such shares are common in Belgium, Canada, and the US, but illegal in the UK. Also called no par share, no par value stock. See also stated value."


http://www.businessdictionary.com/definition/no-par-value-NPV-share.html#ixzz1mHAm07TY

1.1. Were the company registered in England it could not issue shares without a par value. The company is registered in the Chanel Islands. This jurisdiction allows for such shares to be issued.

2.This is an advantage for small companies deemed to have good prospects and a rising share price. It means they can sell or exchange these shares for goods or services at what the market thinks they are worth. THERE IS NO PREDETERMINED ISSUE PRICE.

3. What is the significance of increasing the authorised share capital from a specific number to an unlimited number?

3.1. Does it allow the company an unfettered authority to flood the market with new shares to the detriment of existing shareholders?

3.2.No. Resolution 5 initially limits the number of shares which it can issue to 575 million and sets a time limit to its authority to do so, the next AGM. The authority can be renewed/modified/revoked either then or at an EGM prior to the AGM

4. The company cannot make much more progress without more capital. The sale or exchange of these new shares will provide that capital. It may reduce the rate at which the share price increases or even decrease the share price temporarily until oil is found. However any oil will remain in the ground if the company does not raise more capital.

5. Everyone should read the notice documentation for the EGM which is on the company website

6. This is not legal or financial advice you need to confirm the above for yourselves

7. It is however Men or Boys roll call time guys

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Mr Dross 14th Feb '12 38 of 123

the sp is up nicely in anticipation of the EMG resolutions being passed tomorrow and our funding issues
being taken care of .
im expecting us to attack our recent highs now

Mr D

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chris murphy 14th Feb '12 39 of 123
1

placing at what price...?and then of cours theres the market hassle.... a bounce off the support line doesnt do it for me.just punters chasing......need confirmation.
350m share@10p 35m cap...on 2 wildcats no assets and no drilling for 6 months...mmmm...pricey

Yes 6000 is possible. The next key level for the index is 6000, psychologically, but Charles Stanley's analyst Bill McNamara notes the index might be running out of short-term upside momentum following the extremely strong run. He says the 5785 level needs to hold if the bull case is to remain intact for the FTSE. "Should it give way, the implication will be that the ten-week rally is being corrected, with an initial downside target of around 5600," adds McNamara I am in the current bear corner, just can not see where the next driver is coming from..... its looking very weak at present

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Mr Dross 14th Feb '12 40 of 123
1

i agree chris .
until the placing details are made public i think 10p is a bridge to far to cross .
but if the placing is at 10p or above i think this will move upwards . you must agree with that
either way it matters not to you because as you have stated clearly . your a buyer at 7p or 14p

 

so ofcourse you would prefure the 7p

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chris murphy 14th Feb '12 41 of 123
1

placing at what price...?and then of cours theres the market hassle.... a bounce off the support line doesnt do it for me.just punters chasing......need confirmation.
350m share@10p 35m cap...on 2 wildcats no assets and no drilling for 6 months...mmmm...pricey

Yes 6000 is possible. The next key level for the index is 6000, psychologically, but Charles Stanley's analyst Bill McNamara notes the index might be running out of short-term upside momentum following the extremely strong run. He says the 5785 level needs to hold if the bull case is to remain intact for the FTSE. "Should it give way, the implication will be that the ten-week rally is being corrected, with an initial downside target of around 5600," adds McNamara I am in the current bear corner, just can not see where the next driver is coming from..... its looking very weak at present

where it heading 20p? a 70m cap? 70m for what? v optimistic hopes being peddled here....take alook at the cap of gbp assets producing fields in usa 3d on a target many multiples of the best figs bill has written up...20m in the bank.3d market cap 27m you do the maths.
i would like one detailed response why anyone believes this should be a 70m cap company. i cant find one.
ppl are going to get to be v dissapointed after waiting 6 months and then get a 12p spud price.

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chris murphy 14th Feb '12 42 of 123
1

mr dross thanks yes if bill pulls off a deal re the placing price...and places high (which he could quite possibly do-hes pulled many tricks out so far)
then yes this would be attractive...all i can do is wait and see...good news ill wait for dust to settle then get in

bad news pile in that morning.7p/14p .

until it is known money sitting here is exposed and vulnerable. seen too many shockers in AIM.

7p wouldnt suprise me at all. 450m shares at any price would do it for a start.
this would not be able to sustain 10p/450m shares 45m cap. whats the cap of rmp  40m and theyre drilling.?gl

the market is a srange place.anything can happen.best to look for the lines of least resistance-a bullmarket and strongest stocks in the sector in clear uptrends. NEW is clearly a champion of the tiddlers...a roar from its heart right about now wouldnt suprise. neither would a dagger to its heart.22million thats alot of money...on 1/5cos in a dubious unsuccessful area in belize. imo denmark is what this may be being valued on.gl

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Mr Dross 14th Feb '12 43 of 123
1

In reply to chris murphy, post #41

i disagree
RPS energy have given us an independant CPR with a P50 on only 2 of the 5 prospects and 1 lead of 294mmbls( unproven ) for the belize project this makes it a billion dollar plus project.

they are also doing a third and forth phase of sizmics in belize which will improve this data so RPS will again update there independant CPR.


there are also 2 projects in denmark that with there p50 ( unproven) reserves are also billion dollarplus projects .

as on advfn you seem to be very negative now that you have sold out waiting for your re-entry so ofcourse you want a lower price .
the point is your willing to re-enter a few posts ago you mentioned that you have £60,000 you wanting to put in here ( post 34 ) so cant be all bad huh chris ?

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