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 de-risked, a number of which have been classified by the Competent Person as being drill ready.
New World has a highly experienced Board with proven track records in identifying, operating and developing E&P oil and gas projects. The Board has a defined investment strategy centered on evaluating potential opportunities according to strict investment criteria and on an individual merit basis. 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. As a result, the Board is actively identifying exploitation opportunities in areas including Africa, South America and South East Asia as it looks to build a leading, diversified oil and gas company.