Share Name Share Symbol Market Type Share ISIN Share Description
New World Oil LSE:NEW London Ordinary Share JE00B65FK239 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.06p 0.00p 0.00p - - - 0 06:40:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.9 -0.1 - 2.85

New World Oil Share Discussion Threads

Showing 37926 to 37949 of 37950 messages
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DateSubjectAuthorDiscuss
08/11/2017
18:32
28 Sep 2017 4:10 pm RNS New World Oil & Gas Result of EGM and corporate update "... Corporate update With effect from Monday 2 October 2017, New World's International Securities Identification Number ("ISIN") will be disabled and the Company's securities will be withdrawn from CREST. The Company will issue share certificates to those shareholders who currently hold their shares in CREST. Moving forward, the Company will now issue RNS Reach announcements as Eridge Capital Limited. The Company expects to provide an update towards the end of October, as it progresses the migration to the BVI. Nicholas Lee, Chairman of New World, commented: "We are very pleased that shareholders have overwhelmingly supported the next steps New World needs to take in order to restore shareholder value. I would like to thank all those who voted and we will provide an update as to our progress at the end of next month." " https://www.investegate.co.uk/Index.aspx?searchtype=2&words=New+World+Oil+%26+Gas
hedgehog 100
08/11/2017
18:26
Yufff, AR has actually gone, though as he's sorted the mess out he's clearly not leaving the company in the lurch. 22 Sep 2017 11:30 am RNS New World Oil & Gas Directorate Change "New World Oil and Gas plc announces that Adam Reynolds has resigned as a director of the Company, effective from 19 September 2017 in order to concentrate on his other business interests. The Company's remaining directors are Nicholas Lee and Ben Turney. Nicholas Lee, Non-Executive Chairman, commented: "I would like to thank Adam for all of his efforts and assistance in helping the Company through a difficult period over the last 2 years. The Company is now on a much firmer footing and we can now look to an exciting future". Adam Reynolds commented: "Despite the difficulties inherited when joining the Board in November 2015, I feel that we have dealt with a number of uncertainties facing the Company. The Company is now well positioned to move forward and I believe that my work is complete. I wish the Board every success in the next phase of the Company's development." " https://www.investegate.co.uk/Index.aspx?searchtype=2&words=New+World+Oil+%26+Gas
hedgehog 100
07/11/2017
21:51
It's a start We may yet get relisted with Mr Reynolds in control. Why go to all the trouble of registering offshore Hopeful
yufff
07/11/2017
19:20
Thanks for the update yufff.
adred
01/9/2017
14:59
Well that answers that. There is nothing about the sins of anyone in the circular. In fact there's very little of anything in it. I suppose that was because the lawyers took their red pen to it, at a price of course. One other little thing. If the meeting was to be convened within 45 days of 18 July, how come it's being held at the end of September? Is that working days or is that the convening circular publication day because if it's not... Just happens to be 45 days today. The old team did that sort of thing too.
gheebee
01/9/2017
14:37
New World EGM called 28/9, 11am, London to approve resolution of JFSC issue, adoption of articles & move to BVI
adred
31/8/2017
16:46
update can be found at nwoilgas.com
adred
30/8/2017
19:04
Anyone seen the circular that was sent out later in the day? Presumably that contains the detail of the JFSC declaration of the wrongdoings of the Board prior to their mass departure last year. The 18 July public statement doesn't anyway. In fact I wonder if TW just made all that up.
gheebee
30/8/2017
12:13
absolutely this could come back as part of the BIG SOFA group as initially was supposed to happen.
yufff
29/8/2017
16:03
Sounds good common sense to me. Where do I sign?
outspan
29/8/2017
13:16
Some folks appear to think that New World Oil & Gas (NEW) has been a failure for Adam Reynolds. Sure it got booted off AIM for failing to do an RTO but you still have a company and news is imminent. After eight months the financial regulators in Jersey have concluded their enquiries into wrong doings at the company. There were attempts to punish the company but Reynolds fought them off and so the report has slammed the previous board for numerous wrongdoings in the period prior to their removal by Reynolds. Perhaps in light of this AIM regulation might wish to look at London's worst Nomad, Roland "Fatty" Cornish who signed off on all of the RNS statements of the ancien regime and who was meant to have done enough due diligence to ensure New played by the rules. Clearly Fatty failed miserably in this regard which is why AIM Regulation should be stripping him of his license. It will not. The authorities in the Channel Islands have now given New World a clean bill of health to continue but were still seeking to impose restrictions on what the company can do so later today New will send out a circular to shareholders calling an EGM to approve ab redomicile to the BVI which will allow it to invest more widely and start its move back to the London market and a relisting. Moving to the BVI is, incidentally, £200,000 cheaper than moving to the UK. Because they are wary that their status may be threatened, most offshore locations have agreements in place allowing quick, cheap and simple redomiciles between the various tax havens. It has been a monumental struggle lead by Reynolds but there is progress. Make no mistake, had the previous management been left in charge or had New been run by blundering amateurs not by folks who knew what they were doing, shareholders would have lost the lot. Now for the bad news. First up Ben Turney claimed to speak for 25% of New World shareholders and threatened to call an EGM to oust the entire board a few weeks ago if he was not made a director on £20,000 a year. Given the sensitive stage of negotiations with regulators at that point, Flip Flop is now drawing almost £2,000 a month as a totally un-needed NED. If I was a shareholder I'd rather save the cash and leave Reynolds to work towards an RTO on AIM - he has a record of success and it is hard to see how Turney adds anything to the party. The cost of sorting out the legal mess left by the former board has been high and thus the second bit of bad news is that Net Assets are now down to c£1.75 million. That includes the loan to Big Sofa (BST) at par - assuming it is converted into shares then that suggests some upside. But NAV has fallen as the lawyers bills racked up. The bottom line is that those who doubted Reynolds have been proved wrong. New World has been saved by him and his team. They should now be allowed to work unhindered to restore value and a listing.
yufff
13/8/2017
20:22
I don't think that Adam Reynolds is a quitter, and I'm sure that he is committed to eventually returning NEW to the market as a RTO. His HubCo shell was delisted from ISDX, and has since relisted (on AIM) as BST. From BST's admission document of 30th. November 2016: "PART I LETTER FROM THE CHAIRMAN HubCo Investments plc (Incorporated in England and Wales with registration number 07847321) Directors: Registered Office: Adam Reynolds (Chairman)* … 1. Introduction and background The Company was incorporated on 14 November 2011. On 31 January 2012, the Company’s Ordinary Shares were admitted to trading on ISDX as an investment vehicle with an investing strategy to acquire interests in small and medium sized private companies in the UK with strong management and significant growth opportunities, initially focused on the leisure and consumer services sectors. In August 2015, the Company announced that it had identified an acquisition in the healthcare sector, however, following due diligence the Directors were unable to recommend that this opportunity be pursued further. The Company was de-listed from ISDX in April 2016 due to its investing policy not being implemented in the required timeframe. The Directors have assessed Big Sofa as having significant potential to increase shareholder value. The Directors propose that, subject to Shareholders’ approval of the Resolutions, the Company will acquire the entire issued share capital of Big Sofa, which will have the effect of changing the status of the Company from an investing vehicle to an operating company, and the Enlarged Group will be admitted to trading on AIM. …" HTTP://www.bigsofatech.com/investors/documents
hedgehog 100
13/8/2017
19:32
Thanks Yufff. For some reason NEW no longer seems to be putting its RNSes onto its own website. But here's a link to NEW RNSes, for shareholders to keep an eye on: https://www.investegate.co.uk/Index.aspx?searchtype=2&words=New+World+Oil+%26+Gas
hedgehog 100
13/8/2017
19:21
Tks hedgehog Hope yet I thought NEW was dead and buried Maybe not now with AR still involved.
yufff
13/8/2017
18:49
Wednesday 02 August, 2017 New World Oil & Gas Directorate Appointment RNS Number : 9270M New World Oil & Gas 02 August 2017 For immediate release 2 August 2017 New World Oil and Gas plc ("NWOG" or the "Company") Directorate Appointment New World Oil and Gas plc is pleased to announce the appointment of Mr Matthew Benjamin Turney as a Non-Executive Director with immediate effect. Mr Turney has significant experience of listed and unlisted companies in the small cap sector and the Board believes that a number of NWOG shareholders are supportive of this appointment. Most recently, he was appointed as CEO of Teathers Financial plc with a view to restructuring the company and creating value for shareholders. Mr Turney graduated from UMIST in 2001 with a BA in Management and IT. Since then, he has run his own web development and creative agency and started his own corporate finance and advisory businesses. More recently, he has worked as a financial writer, commentating principally on the Alternative Investment Market of the London Stock Exchange. Present directorships/partnerships Former directorships/partnerships held over past 5 years Technical Forecasting Limited Teathers Financial plc [None] Mr Turney was a director of Venture Point Limited which was dissolved on 31 May 2011. The company had outstanding debts which were guaranteed by Mr Turney. These were settled directly with creditors by Mr Turney at a discount to face value. Mr Turney holds 10,178,672 ordinary shares in the Company. -Ends- Enquiries: Adam Reynolds New World Oil and Gas plc Tel. +44 (0) 7785 908158 or Nicholas Lee New World Oil and Gas plc Tel. +44 (0) 20 7580 7576 https://www.investegate.co.uk/new-world-oil---38--gas/rns/directorate-appointment/201708021440019270M/
hedgehog 100
13/8/2017
18:39
New World Oil & Gas - Corporate update Released 12:12 18-Jul-2017 RNS Number : 3934L New World Oil & Gas 18 July 2017 18 July 2017 New World Oil and Gas plc (the "Company") Corporate update Further to the announcement of 16 February 2017, as previously noted, the cancellation of the admission of the Company's AIM securities has had a direct impact on the Company's status as an unregulated exchange-traded fund in Jersey. The Directors have been working with Jersey counsel, the Company's Jersey administrator and the Jersey Financial Services Commission (the "Commission") to formulate the best way forward for the Company in these circumstances. This dialogue has been extremely constructive and the basis of a way forward for the Company has now been agreed. The Commission has today published a statement on its website detailing its findings and conclusions. These principally relate to certain operational aspects of the Company since it was admitted to AIM in April 2011 and as a consequence of its shares being cancelled from listing in November 2016. The Commission also requires the Company to hold an EGM at which a resolution will be proposed for shareholders to decide whether the Company should cease to be an unregulated fund. If passed this will enable the Company to carry on with its current business, being that of a company holding one principal asset, namely its investment in Big Sofa Technologies Group plc ("Big Sofa"). The Company is also considering whether, going forward, it would be more appropriate to be located within an alternative jurisdiction to that of Jersey. The necessary proposals may, if ready in time, also be considered at the EGM. Since the date of the last announcement, Big Sofa has continued to develop its business, winning a number of significant new clients and implementing its business plan. This is having a positive impact on the value of the convertible loan that the Company holds in Big Sofa. A further update regarding the matters referred to above will be provided in due course. -Ends- Enquiries: Adam Reynolds New World Oil and Gas plc Tel. +44 (0) 7785 908158 or Nicholas Lee New World Oil and Gas plc Tel. +44 (0) 20 7580 7576 http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/13299041.html
hedgehog 100
25/7/2017
10:44
Why Jersey? See NWOG Action's new website.
gheebee
30/11/2016
07:14
Why incorporate in Jersey? Why did they not transfer jurisdiction when Board changed?
r ball
27/11/2016
10:43
R Ball, They managed an AIM listed company!
andy
26/11/2016
14:59
It's doesn't. New should be the subject of. PhD thesis. Now why did the directors get cash bonuses?
r ball
26/11/2016
10:49
tur43, How do you think that will benefit NEW?
andy
26/11/2016
10:24
Here's an interesting interview about what's next for the oil price - this analyst is basically predicting a $40 to $50 price for the foreseeable future https://www.youtube.com/playlist?list=PLnSelbHUB6GQnVhXNM3o-Mc6fnoxdQTCC
tur43
12/11/2016
17:51
Zero value probably.
johndee
12/11/2016
17:29
Again, as previously announced, the Company's shares are due to be cancelled from trading on AIM with effect from 10 November 2016, being the date six months from suspension of trading, in accordance with the AIM Rules. The Company has been actively investigating the issue referred to above, however, no conclusion has yet been reached. Furthermore, it would not be appropriate to go into further detail, at this stage, as this may negatively impact any resolution which would not be in the interests of shareholders. The Company has also sought to appoint a Nominated Adviser as required by the AIM Rules and to see if there was any possibility of retaining the Company's listing, however, this has not proved to be possible. The Company's shares are therefore expected to be cancelled from trading on AIM with effect from 10 November 2016. Notwithstanding the fact that the Company will no longer be listed, going forward, the Board will be focused on both creating value within the Company and returning this value to shareholders. The Company still holds assets in the form of cash and an investment comprising a loan to Big Sofa Limited. Various options are being considered with regard to this loan and the transaction costs incurred to date which could ultimately be beneficial to the Company. Furthermore, as an unlisted company there is greater scope to reduce costs in order to conserve value. The Board plans, in due course, to provide more details of the possible strategic direction of the Company and to seek the approval of shareholders for such a plan.
stevedawn
Chat Pages: 1518  1517  1516  1515  1514  1513  1512  1511  1510  1509  1508  1507  Older
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