New World Oil Share Discussion Threads

[tidy 2] 28/10/2015 10:58

Good posts guys. Lock n load IMO

[cyan] 28/10/2015 10:45

Hi paleje

NEW has a far superior cash position than SER so, that's a big plus.

As I said,Its all about the new guys plans; the acquisition of interests in projects that could be enhanced and return decent profits.

Patience will be required and one must wait and see what they bring to the table.

My suspicion is that, due to the limited cash, they could be looking at older assets which could be improved by enhancement techniques.

To cover just the G & A of Circa £1.2m pa they are going to have to make a fantastic deal.

Its my opinion that the new team will (have to) fund raise. Time will tell.

[paleje] 28/10/2015 10:33

Cyan, what you say about the cash/ market cap is true but the players here aren't in for the cash, it wouldn't make financial sense. Those with more nous than the the current board will already have assessed opportunities which handled properly will multiply the sp, the cash will be useful obviously but it isn't the goal imo.

[chrisstanding] 28/10/2015 10:24

The Adam Reynolds factor will push this higher, OPTI has been a multibagger for those of us who got in early.

[goodbloke1] 28/10/2015 10:16

Nearer the AGM speculation alone should lift the price slot higher then it is now.You also have to factor in the people that will soon take over this company whose reputations are excellent

[cyan] 28/10/2015 10:10

Good morning tidy 2.

"It's worth holding a few as Twitter are all over this".

I would respectfully suggest that TWITTER is not always the best place for impeccable information. Look at some of the characters who post there, (shudder)

I note that at least one poster here thinks NEW could 5 bag today. Look at SER; a few weeks ago I kept seeing on LSE BB talk of 5 or 10 bag in November. look at where they are now.

Look at NEWs cash position on 28th August; $4,479,266. = C £2,927,6248.
From previous company supplied data we can see they have been spending circa £100k per month on G & A.
Today it is fair to estimate that NEWs Cash position is circa £2.7million

Todays market value of £3.79m is pretty generous.

I see no reason to 5 bag to Circa £19m for a very long time.

Its all about the preservation of capital and future plans.
Good luck

[tidy 2] 28/10/2015 09:16

17m buy delayed

[tidy 2] 28/10/2015 09:15

It's worth holding a few as Twitter are all over this. Same with Alba and RRR

[tidy 2] 28/10/2015 08:58

Paying full nut suckers.

[tobytime73] 28/10/2015 08:33

o/t ENQ looks a better bet after this mornings RNS

also nice to see Baronday taken £100K in ENQ this morning

Baron Day Trading ‏@barondaytrading 2 mins2 minutes ago
#ENQ : ENQUEST - Taken £100K on first oil sales at Alma/Galia first oil. Will add to position later if needs be later.
2 retweets 1 favourite

[warwick69] 28/10/2015 08:32

Why should it move there are billions of shares in issue is it not already above it's cash value by some margin?

[tidy 2] 28/10/2015 08:29

Get through .9 and it will start bagging. IMO

[oakville] 28/10/2015 08:13

Could double from here this week?

[andy] 28/10/2015 08:10

well some people trying to ramp it upon little news that's for sure........

[6ste] 28/10/2015 08:07

Not just saying this but now Is the entrance point surly.

[oakville] 28/10/2015 07:54

Not in but might buy on any major dip...run up to the AGM will be mad !!

[6ste] 28/10/2015 07:46

Good easily 5 bag today. Expecting a 15% rise from the start. You would not want to short this.

[billthebank] 27/10/2015 19:28

Looking forward to making some money here!!!!!!!!!!! Roll on 2016

[yufff] 27/10/2015 16:00

The Bod are history

Adam Reynolds will be elected not because Styzks want him they have no option due to Ben Turneys pressure

Hopefully better times ahead away from oil and gas exploration

[paleje] 27/10/2015 15:58

By Ben Turney | Tuesday 27 October 2015

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

New World Oil & Gas (NEW) has finally announced the date of the AGM. This marks the culmination of months of hard work behind the scenes, ensuring an orderly transition for the company from being one of AIM’s most despised stocks to one with an extremely bright future. As expected, Adam Reynolds is on the ticket for election to the board, but in a surprise twist he is joined by Nick Lee of Paternoster Resources (PRS). Lee will have the full support of NWOGaction, so his appointment is almost a foregone conclusion. Fred Hodder is retiring and Peter Sztyk now deservedly faces the wrath of his shareholders. This is all fantastic news.

Sentiment towards New World has been abysmal. After years of failure and excessive boardroom greed, few in the market believed that an orderly transition at New World would be possible. The summer’s forward selling controversy hardly helped matters and the general consensus has been that New World’s directors would cling on come what may or, even worse, adopt a scorched earth policy.

However, this view failed to take into account a few critical points.

First, the position of New World’s board was hopeless. As soon as the directors decided not to participate in July’s placement and open offer, they sealed their fate. Having stripped themselves of their last vestiges of shareholder support, there is simply no way this group could have claimed a legitimate mandate to engage in any significant capital spending. Had the directors pursued a rushed drill in Belize, they simply would have opened themselves up to personal liability. The looming threat of the shareholder action group all but guaranteed that any spending of New World’s cash pile against the express wishes of shareholders would have resulted in legal claims against board members personally.

The second point the market missed was the action group’s public silence. Although we kept our members as fully updated as we could, word didn’t leak. Everyone involved in this deserves congratulations for holding the line so well. It goes to show what is possible if people work together, with the right intentions.

Earlier in the summer the action group was forced to run a publicly aggressive campaign. This time, such an approach would have been extremely counter-productive. With the certainty that an AGM was coming and safe in the knowledge that members of the company could nominate as many directors for election to the board as they wished, the board’s fate has always been a foregone conclusion. The key priority has therefore been to preserve as much of the company’s cash pile as possible. Had the action group pursued an EGM, this would have inevitably resulted in New World racking up legal fees, which would have been in no one’s interests other than the lawyers.

Instead the group has been far more pragmatic and better organised. This has meant that New World’s share price has suffered in the short term, but in the medium to long run this sacrifice puts New World in a much stronger position.

Reynolds’ and Lee’s election to the board on 17 November will be a transformational event for New World. Once the company is cleaned up it will have so much going for it. Apart from the strength of the new team and its cash pile, New World also attracts an incredible amount of retail attention for such a small stock. Sentiment towards the company has been crushed after all that has happened, but once this turns the shares could fly. Based on their track records of introducing cracking deals to cash shells, the Reynolds/Lee combination has the potential to be incredibly potent. Shareholders now need to throw their support behind these two men and if all goes to plan we could all see fireworks in 2016.

- See more at:

[paleje] 27/10/2015 15:29

Paternoster paid 0.07 per share for their 8% stake on 22 Sept, this is only just starting to get interesting.

[panicinair] 27/10/2015 15:21

Sells on news brigade, big sells, buy back at 0.05 lol