New World Oil Share Price (NEW)

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 Shares Traded Last Trade
  0.00 0.0% 0.06 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -2.86 -0.11 3
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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12/3/2018
15:02		gheebee: This one isn't private and confidential so here it is: Yesterday Big Sofa Technologies announced that it has raised £3,000,000 and that it "intends to utilise approximately £0.7 million of the Investment proceeds to satisfy the repayment of the outstanding Convertible Loan". https://www.investegate.co.uk/big-sofa-tech--grp---bst-/rns/investment-by-ipsos-and-appointment-of-director/201803020700044712G/ Big Sofa has not yet indicated whether or not it intends to repay the loan to Eridge early. Nick and I emailed Big Sofa yesterday and have yet to hear back. Given the Big Sofa share price remains below the current 17p conversion price of the convertible loan our goal is to seek early repayment. Nick and I continue to make progress on the other initiatives I have mentioned in previous updates. We have meetings in London this week about them. We are nearing the point where we will be able to announce more detail. As soon as we are able to we will. I'll write another update in the coming weeks,
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05/3/2018
14:55		hedgehog 100: 02/03/2018 07:00 UKREG Big Sofa Technologies Group PLC Investment by Ipsos and Appointment of Director … Big Sofa (AIM: BST), a fast-growing international video analytics provider to consumer brands and market research agencies, is pleased to announce that Ipsos S.A. (through its UK subsidiary, Ipsos MORI UK Limited; "Ipsos"), one of the world's largest market research organisations, has agreed to invest approximately GBP3 million in Big Sofa by way of a subscription for 16,402,143 ordinary shares of 3 pence each ("Ordinary Shares") ("Subscription Shares") at a price of 18.5 pence per Ordinary Share for 20 per cent of the enlarged issued ordinary share capital of the Company (the "Investment"). The subscription price represents a premium of approximately 45 per cent on yesterday's closing mid-market share price. … Prior to the Company's admission to trading on the AIM market of London Stock Exchange plc ("AIM") in December 2016, its subsidiary, Big Sofa Technologies Limited, borrowed GBP0.675 million from Eridge Capital Limited ("Eridge") (formerly known as New World Oil and Gas plc) by way of a convertible loan (the "Convertible Loan"). The Convertible Loan is convertible into new Ordinary Shares at the election of Eridge and, if not converted, is repayable by Big Sofa Technologies Limited on or before 31 December 2018. Big Sofa intends to utilise approximately GBP0.7 million of the Investment proceeds to satisfy the repayment of the outstanding Convertible Loan (including any applicable interest), to the extent it is not converted into Ordinary Shares at the election of Eridge before then. … https://uk.advfn.com/stock-market/london/big-sofa-tech-BST/share-news/Big-Sofa-Technologies-Group-PLC-Investment-by-Ipso/76846581
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09/2/2018
15:26		hedgehog 100: Tuesday 06 February, 2018 Eridge Capital Ltd Result of AGM and BVI migration update RNS Number : 0713E Eridge Capital Ltd 06 February 2018 06 February 2018 Eridge Capital Ltd ("Eridge Capital" or the "Company") Result of AGM and BVI migration update Eridge Capital is pleased to announce the result of yesterday's Annual General Meeting ("AGM") and provide an update on the Company's migration to the British Virgin Islands ("BVI"). . AGM result Resolutions 1, 2, 4 and 5 were passed and Resolution 3 was withdrawn before a vote was taken. For information purposes, the Company announces that it received the following proxy votes ahead of the AGM: For + Discretion Total Votes Cast (excl. Votes Withheld) Holders Voting Votes in favour % Votes Cast Resolution 1 957,877,876 28 916,535,444 95.68% Resolution 2 972,877,876 29 966,141,902 99.31% Resolution 3 972,877,876 29 41,412,432 4.26% Resolution 4 972,877,876 29 972,877,876 100% Resolution 5 972,877,876 29 972,877,876 100% BVI migration Following the AGM, Eridge Capital will continue to progress its migration to the BVI. The Board expects to provide a further update on this before the end of February 2018. Once Eridge has completed the migration, the Company will commence the process of issuing new share certificates to existing shareholders of the Company. Certificated shares in the new BVI registered company will be issued to shareholders on a 1 for 1 basis. For those shareholders who hold stock via a nominee provider, share certificates will be issued to the nominee provider, who will allocate the shares to the underlying beneficial shareholders. -Ends- Enquiries: Ben Turney Eridge Capital Ltd Tel. +46 (0) 7697 406 06 https://www.investegate.co.uk/eridge-capital-ltd/rns/result-of-agm-and-bvi-migration-update/201802061225220713E/ https://www.investegate.co.uk/Index.aspx?searchtype=2&words=Eridge+Capital+Ltd
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29/1/2018
18:12		hedgehog 100: Monday 08 January, 2018 Eridge Capital Ltd Notice of AGM, BVI Migration and Corporate Update RNS Number : 2395B Eridge Capital Ltd 08 January 2018 08 January 2018 Eridge Capital Limited ("Eridge Capital" or the "Company") Notice of AGM, BVI Migration and Corporate Update Eridge Capital is pleased to advise shareholders that the notice of the Annual General Meeting (the "Notice") has now been posted to members of the Company. The Annual General Meeting (the "AGM") of the Company will be held at Jeffreys Henry LLP, Finsgate, 5-7 Cranwood Street, London EC1V 9EE on 5 February 2018 at 11:00am. Agenda The resolutions to be proposed at the AGM are set out in full in the Notice. The ordinary business to be proposed at the AGM is to: 1. elect Nicholas Lee, who will retire as a director of the Company (the "Director") pursuant to article 7.9 of the articles of association of the Company (the "Articles") who, being eligible, offers himself for re-election and whose re-election has been recommended by the Board; 2. elect Matthew Ben Turney, who will retire as a Director pursuant to article 7.3 of the Articles who, being eligible, offers himself for re-election and whose re-election has been recommended by the Board; 3. elect Gary Bullivant, who has been nominated pursuant to article 7.6(b) of the Articles and who consents to act as a Director; 4. receive and consider the balance sheet, profit and loss account and reports of the directors and auditors for the financial year ended 31 December 2016; and 5. re-appoint Jeffreys Henry LLP as auditor of the Company to hold office until the conclusion of the next annual general meeting. The Board recommends that shareholders vote for Resolutions 1, 2, 4 and 5 and against Resolution 3. Copies of the Notice and the Company's Annual Report for 2016 shall be posted on the Company's website, www.eridgecapital.co.uk, shortly. Migration to the British Virgin Islands (the "BVI") and future issue of share certificates As announced on 28 September 2017, Eridge Capital is in the process of migrating to the British Virgin Islands. The next stage of the migration will commence after the Company's AGM has been held. Once Eridge Capital has completed the migration to the British Virgin Islands, the Company will issue new share certificates to shareholders. For those shareholders who hold stock via a nominee provider, share certificates will be issued to the nominee provider. Corporate Update The Board is currently working on a number of initiatives to restore value to Eridge Capital. The Board will provide a detailed update to shareholders as soon as it is able and expects to seek shareholder approval at a future general meeting, before taking certain actions. -Ends- Enquiries: Ben Turney New World Oil and Gas plc Tel. +46 (0) 7697 406 06 Nicholas Lee New World Oil and Gas plc Tel. +44 (0) 20 7580 7576 https://www.investegate.co.uk/article.aspx?id=201801081134372395B
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19/11/2015
13:38		tidy 2: New World Oil & Gas; overwhelming victory for shareholdersBy Ben Turney | Thursday 19 November 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.So there we have it. Adam Reynolds and Nick Lee have received an overwhelming mandate to transform New World Oil & Gas (NEW). Both men got elected to the board with over 99% of votes cast. This represents a great victory for shareholders and goes to show that positive, organised shareholder activism on AIM can work.None of this would have been possible were it not for the dedication and commitment of the members of NWOGaction, the New World action group. As cofounders of the group, Gary and I have received a lot of congratulations this morning, but the truth is we just had a role to play. We could not have achieved what we have, without the steadfast support of New World's shareholders. At times the 42 members of NWOGaction were in possession of price sensitive information, but this did not leak. Everyone involved held the line admirably. They should feel rightly proud this morning and hopefully will see their perseverance richly rewarded next year.After all the ups and downs of the last seven months, today's announcement from New World is welcome confirmation that the company has a bright future. Unlike the Room Service episode, which saw that company fail just over a decade ago in similar circumstances to this summer's forward selling controversy, New World is recapitalised, can count on strong shareholder support and has a reinvigorated board of directors.As of writing, New World's share price is down 18% 0.875p. This isn't surprising. Just over a month ago the company's stock traded at or below 0.055p. Today it hit 0.12p. Profit taking on confirmation of Reynolds and Lee's appointments was all too predictable, however the real fireworks will likely come over the coming months.I've made the point a few times recently that unlike the other turnaround success stories Reynolds and Lee have been involved in, this time they are moving into a company with a sizeable war chest, relative to the market cap, and emphatic shareholder support. Once the two men have sorted out whatever mess the old directors left behind them, they will then be able to focus on bringing in a new team and project.That is when I expect we will see New World's share price go on its next run higher. Once the current selling has finished, the company's shares will largely be held by people anticipating the next move up on deal speculation. This is how this market works and New World now has most of the ingredients in place that make it an attractive proposition. Yes it is risky and yes we don't yet know what the old board has got up to, but barring anything criminal the company will be in fine health as it moves into 2016.Personally, I cannot wait to find out what Reynolds has in store for New World. He has the opportunity to bring something substantial into this business. With the run he has been on over 2015, he already had the team, contacts and reputation. Now he has the vehicle and the money.Everything is falling into place.- See more at: http://www.shareprophets.com/views/16661/new-world-oil-gas-overwhelming-victory-for-shareholders#sthash.iPfToqf1.dpuf
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27/10/2015
15:58		paleje: 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: http://www.shareprophets.com/views/16079/new-world-oil-gas-shareholders-on-the-cusp-of-a-major-victory#sthash.HsOruPGb.dpuf
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11/6/2015
06:13		jumbone: New World Oil & Gas Placing and Open Offer RNS Number : 8392P New World Oil & Gas 11 June 2015  For immediate release 11 June 2015 New World Oil and Gas Plc ('New World' or 'the Company') Placing and Open Offer and Appointment of Broker Placing and Open Offer of up to 3,888,873,028 New Ordinary Shares at a price of 0.09p per New Ordinary Share The Company announces its intention to raise up to £3.5 million (before expenses) by way of a Placing and Open Offer. A document setting out details of and the terms relating to the Placing and Open Offer (the "Document") is being posted to certain Eligible Shareholders today and is also available to view on the Company's website, www.nwoilgas.com Unless defined herein, capitalised terms used in this announcement shall have the meaning attributed to them in the Document. The definitions are set out in Appendix II to this announcement. Summary of the principal terms of the Placing and Open Offer The Open Offer is for up to 3,888,873,028 Open Offer Shares at the Issue Price to raise gross proceeds of up to £3.5 million. The Issue Price represents a discount of approximately 65.38 per cent. to the middle market closing price per Existing Ordinary Share of 0.26p on 18 May 2015 being the last business day prior to the initial Suspension and a discount of approximately 5.26 per cent. to the middle market closing price per Existing Ordinary Share of 0.095p on 28 April 2015, being the last business day prior to the announcement of the Original Placing. Accordingly, subject to fulfilment of the conditions set out in the Document, Eligible Shareholders are being given the opportunity to subscribe for Open Offer Shares at the Issue Price pro rata to their holdings of Existing Ordinary Shares on the Record Date on the basis of: 5.534 Open Offer Shares for each Existing Ordinary Share The Board confirms that in connection with the Placing and Open Offer, Cornhill Capital, as placing agent for the Company, has received Placing Commitments from certain persons for 3,888,873,028 Clawback Shares under the Placing, subject to: (i) clawback by Eligible Shareholders under the Open Offer; and (ii) the conditions of the Placing. Further details are set out in Part III of this announcement. Background to and Reasons for the Placing and Open Offer The past two year period has been a difficult time for the Company. The unsuccessful drilling program in Belize was a major disappointment for the Company and the Shareholders, as was the failure by Niel Petroleum to complete its equity investment and the failure to complete the Al Maraam SPA. As announced on 1 December, 2014, the Company terminated the agreements with Niel Petroleum in relation to its proposed subscription of Ordinary Shares for an aggregate consideration of US$25 million. As part of these arrangements, Niel Petroleum agreed that sums totalling US$4.8 million which had been funded by it to the Company be released to, and retained by, the Company in full and final settlement of all liabilities of Niel Petroleum to the Company. Niel Petroleum also agreed to discharge any and all claims that it may have arising out of or in connection with the Al Maraam SPA or any payment made by New World thereunder or in connection therewith. Despite this settlement, the Company was left with very little funding to finance on-going operations and seek out investment opportunities. The position regarding Directors' salaries was incorrectly summarised at the EGM and is as follows. In order to preserve the Company's cash position, effective November 2014, all Directors accepted a 50% reduction of their fees and management service contract payments. Beginning March 2015, all non-executive Directors would accrue salaries until such time that the Remuneration Committee determines that the Company has adequate cash reserves. Between May and November 2014, the executive Directors allocated 20% of their service contract fees as a repayment of the director loans dating back to the March 2014 placing. From November 2014 to February 2015, the executive Directors accepted a 50% reduction in all salary payments and continued to repay 20% against the outstanding loans. From February 2015, executive Directors have not received any cash payments, and all fees payable to them have been applied against the outstanding loans. Payments in cash to the executive Directors will re-commence at such time that the Remuneration Committee determines that the Company has adequate cash reserves. The Company is in discussions with the principals of Al Maraam to recover the Euro 1.0 million deposit paid to Al Maraam. The Company is hopeful to reach a final settlement but will consider other alternatives should this not be possible. The current cash position of the Company (as at opening of business on 8 June 2015), excluding any funds owed to the Company pursuant to the Al Maraam SPA, stands at approximately £290,000. Based upon the current rate of spending and in the absence of raising any funds pursuant to the Placing and Open Offer, the Directors expect this balance to last for no more than three months. In early 2015, a London broker, with a plan to raise £3 million to finance the drilling of a third well in Belize to fulfill work program requirements, approached the Company. After a lengthy road show, the financing effort fell short and there appeared little appetite for the Company's Ordinary Shares. Following and separate from this event, Cornhill Capital met with the Company's management and proposed to raise £1.5 million from its existing client base. As a result, on 29 April 2015, the Company announced a placing (the "Original Placing") to raise £1.5 million (before expenses), through the issue of 2,727,272,727 Original Placing Shares at a price of 0.055p per Original Placing Share. Issuance of the Original Placing Shares was conditional upon the necessary shareholder resolutions being passed at the EGM held on 19 May 2015. These resolutions were not passed at the EGM and, accordingly, the Original Placing did not proceed and the Original Placing Shares were not allotted nor admitted to trading on AIM. Following the announcement of the Original Placing, the Company noted the high level of interest in the Company's Ordinary Shares and announced that it was putting in place arrangements to proceed with an open offer (subject to the distribution of a circular and compliance with all applicable rules and regulations) so as to enable Shareholders to subscribe for Ordinary Shares. The Company therefore now has decided that it should proceed with a Placing and Open Offer. The Open Offer is a pre-emptive issue in accordance with the Articles of Association and the Board therefore has the requisite authority to proceed with both the Open Offer and, subject to clawback under the Open Offer, the Placing. Whilst the Company has previously announced its intention to make an open offer at 0.055p, being the price of the Original Placing, the Board has in the light of events reconsidered what would be an appropriate price for the Placing and Open Offer. In particular, they have reconsidered one which balances the Company's need for funds and the need to have an equity fundraising pre-placed at an advantageous price for the Company against one which gives Eligible Shareholders the opportunity of subscribing for Ordinary Shares at what they might consider an attractive price. The Board has therefore focused on the Ordinary Share price immediately prior to the announcement of the Original Placing which was a closing price of 0.095p on 28 April, 2015 and has agreed with Cornhill Capital that the Placing and Open Offer should be conducted at an issue price of 0.09p per Ordinary Share. On 19 May 2015, the Ordinary Shares were suspended from trading on AIM pending the outcome of the then forthcoming EGM. On 21 May 2015, pursuant to the London Stock Exchange Market Notice N10/15, the Exchange stated that it had been monitoring the settlement situation in the Ordinary Shares which had continued to deteriorate and added that, as the likelihood of any further executions settling at that time was low, the trading of the Company's Ordinary Shares would remain suspended. Given the uncertainty as to the full extent of the settlement problems in the Ordinary Shares and the Company's desire to raise a meaningful amount of money to advance its plans, the Board has resolved to make the Open Offer as large as it can without the need for publishing a prospectus, which the Board consider would be impractical in the circumstances. Taking all these factors into account, the Company now proposes to raise up to £3.5 million (before expenses) by way of the Placing and Open Offer at a price of 0.09p per share. The net proceeds of the Placing and Open Offer will be used to progress the Group's projects, to fund additional new interests and for general working capital purposes, as set out more fully in paragraph 7 of the Document. Significant costs and management time have been, and continue to be, expended on dealing with issues surrounding the EGM, trading issues relating to the Ordinary Shares, considering the settlement issues relating to the Ordinary Shares and in arranging the Placing and Open Offer. If the Placing and Open Offer does not succeed in addressing the settlement issues in the Ordinary Shares, the Company and Cornhill Capital have agreed (subject to compliance with all relevant laws and regulations and to the Directors' fiduciary duties) to take such reasonable steps as they may agree, acting in good faith, to be required in order to deal with such settlement issues. Such steps may, as a last resort, include an issue of new Ordinary Shares for non-cash consideration utilising a cash box placing (which would neither require the consent of Shareholders nor be on a pre-emptive basis) conducted through Cornhill Capital in accordance with the Articles of Association. If the Company and Cornhill Capital are unable to identify or agree on such steps, the Board may be faced with no alternative but to commence winding-up of the Company. Conclusion Following the defeat of the resolution necessary to effect the Original Placing at the EGM, the Board considered the various options available to it to raise funds and to resolve the settlement issues the Company has found itself in. In particular, the Board has considered the following key factors: 1. The Company still requires funding among other things to enable it to maintain its interests in and find farm-in partners for its existing projects in Belize and Denmark, to fund additional new interests and for general working capital purposes. 2. After an extensive placing exercise in early 2015 which failed to generate sufficient interest in investing in the Company's shares, the Board was approached by Cornhill Capital and as a result entered into the Original Placing. At that time, there was no indication that there was any substantial interest in the Company's shares let alone sufficient to consider an open offer to Shareholders and, in any case, the Original Placing was subject to Shareholders' approval. 3. As a result of the settlement issues resulting from short selling and other trades in the Ordinary Shares or intervention by market participants, subsequent to the announcement of the Original Placing, it is clear that the settlement issues in the Ordinary Shares will only be resolved when there has been a substantial issue of new Ordinary Shares and the settlement issues can be resolved. It is vital, therefore, that any plan put in place ensures that this can be the case and therefore Cornhill Capital as placing agent for the Company has obtained Placing Commitments for 3,888,873,028 Shares subject to clawback by Eligible Shareholders under the Open Offer. Placing Commitments were obtained as there can be no assurance that Eligible Shareholders will either be able or wish sufficiently to take up the issue. 4. The Company has, for the reasons already stated, decided that it should proceed with the Placing and Open Offer. The Open Offer is a pre-emptive issue in accordance with the Articles of Association and the Board therefore has the requisite authority to proceed with both the Open Offer and, subject to clawback under the Open Offer, the Placing. 5. The Board has in the light of events reconsidered what would be an appropriate price for the Placing and Open Offer. In particular, they have reconsidered one which balances the Company's need for funds and the need to have an equity fundraising pre-placed at an advantageous price for the Company against one which gives Eligible Shareholders the opportunity of subscribing for Ordinary Shares at what they might consider an attractive price. The Board has therefore focused on the Ordinary Share price immediately prior to the announcement of the Original Placing which was a closing price of 0.095p on 28 April 2015 and has agreed with Cornhill Capital that the Placing and Open Offer should be conducted at an issue price of 0.09p per Ordinary Share (compared to the intended price of 0.055p as previously announced). 6. Given the uncertainty as to the full extent of the settlement problems in the Ordinary Shares, the Board has resolved to make the Open Offer as large as it can without the need for publishing a prospectus, which would be impractical in the circumstances. 7. Therefore, taking all these factors into account, the Board's decision has been to proceed with a Placing and Open Offer to raise up to £3.5 million before expenses at a price of 0.09p per New Ordinary Share, placed subject to clawback by Eligible Shareholders under the Open Offer. The Board therefore believes that the Placing and Open Offer is in the best interests of the Company and the Shareholders as a whole, in order to allow the Company to raise funds to enable it to maintain its current operations and pursue its future plans. For further details of the Placing and Open Offer please refer to Parts I - III of this announcement. Appointment of Broker The Company confirms the appointment of Cornhill Capital Limited as broker to the Company with immediate effect. Enquiries: Georges Sztyk New World Oil and Gas Plc Tel: +1 646 407 9946 Peter Sztyk New World Oil and Gas Plc Tel: +1 917 215 7122 Roland Cornish Beaumont Cornish Limited (Nomad) Tel: +44 (0) 20 7628 3396 Felicity Geidt Beaumont Cornish Limited (Nomad) Tel: +44 (0) 20 7628 3396 Lottie Brocklehurst St Brides Partners Ltd Tel: +44 (0) 20 7236 1177 Frank Buhagiar St Brides Partners Ltd Tel: +44 (0) 20 7236 1177 Nicholas Bealer Cornhill Capital Limited (Broker) Tel: +44 (0) 20 7710 9612 Andrew Frangos Cornhill Capital Limited (Broker) Tel: +44 (0) 20 7710 9611 Part I EXPECTED TIMETABLE OF PRINCIPAL EVENTS Record Date for Open Offer Close of business on 5 June 2015 Publication and despatch of the Document and Application Form 11 June 2015 Expected ex-entitlement date for Open Offer 11 June 2015 Open Offer Entitlements credited to stock accounts in CREST for Eligible CREST Shareholders 12 June 2015 Recommended latest time for requesting withdrawal of Open Offer Entitlements from CREST 4.30 p.m. on 30 June 2015 Latest time for depositing Open Offer Entitlements into CREST 3.00 p.m. on 1 July 2015 Latest time and date for splitting Application Forms (to satisfy bona fide market claims) 3.00 p.m. on 2 July 2015 Latest time and date for receipt of completed Application Forms and payment in full under the Open Offer or settlement of relevant CREST instructions (as appropriate) 11.00 a.m. on 6 July 2015 Expected date of announcement of results of the Placing and Open Offer 7 July 2015 Admission of the New Ordinary Shares to AIM (See Note 3) 8.00 a.m. on 10 July 2015 CREST member accounts expected to be credited with the New Ordinary Shares in uncertificated form (See Note 4) 10 July 2015 Despatch of definitive share certificates in respect of the New Ordinary Shares in certificated form (See Note 4) by 24 July 2015
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16/5/2015
12:38		yashdi: Everyone is talking about the Yes and No vote at the EGM. What are the company prospects after this. Note as this is only a financing issue and will disappear after Tuesday EGM. Some of the shareholders are in the company for the long term. What will the share price be next Friday. 0.05p or 1.00p. Remember the whole purpose of the no vote is that the company survives. Did the people in the rights issue only participate for the naked short sell, or did they believe the company has a future. I think they were only in to make a quick profit as they sold before the shares traded. From what I have read the company has a future but it depends the outcome of the 2 projects Belize and Denmark. If this project takes off then the share price has upward trend. In order to fund this project the company will need more funds, as some have suggested the directors loans can be called up, I still think new funds are required. The share price has 4 options next week. 1.It stays between 0.25p-0.30p and nothing much happens to share price. This may happen even if the no vote goes through as this has already been factored in the share price. 2. It falls below 0.24p and hovers between 0.05p and 0.24p. This may happen if the Yes vote goes through. 3. It rises above 0.30p and the no vote goes through. The sky may be the limit. 4. The share price is suspend pending a clarification then no one know what will happen. This will be an interesting week for NEW. If the Yes vote goes through then the chances the share price will head towards the 0.05p as the shares diluted. Next week will be an interesting week for this company and lets hope whatever happens for the best interest of company and its long term shareholders.
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11/5/2015
09:08		jumbone: RedFox: For those who are a bit lazy.... 11/6/15 New World Oil & Gas; Why I must hold my shares until the EGM My name is Ben Turney and I am co-founder of NWOGaction. I’ve been asked dozens of times about what I plan to do with my shares and what I think will happen in the market to the New World Oil & Gas (NEW) stock price. Since NWOGaction first launched and identified the potential for a huge short squeeze against the reckless forward sellers of our company’s unconfirmed placement, the company’s share price has already risen more than ten times, at its peak. With eight days to go until the planned EGM (which NWOGaction firmly believes will be illegal, if held), we are now entering the crucial phase of this fight to defend the rights of shareholders. Here’s why I am determined to hold onto my shares. Despite seeing a huge paper profit in my trading account on Friday, I did not sell a single share. Given my role in NWOGaction, I did not feel I could. As hard as this decision was, my family fully supports me and recognises that what is happening at the moment with New World Oil & Gas is far more important than simply making money for ourselves. Being fully committed to this path, I am now prepared to share other reasons why I am determined to hold fast; I do not believe that the short position has largely unwound This is my own view, but given the growing ferocity of the personal attacks I am being subjected to, the DNS attack to NWOGaction’s mail server and the increasingly intense campaign of misleading information I have been watching online, I view these all as clear signals of panic behind the scenes. Some commentators clearly do not have the first clue about how daily trading volume statistics are presented. All I have felt I needed to do was look at the number of buys versus sells, in the three days after New World Oil & Gas announced its placement, and the same statistic in the four days of trade last week. While I do believe certain of the forward sellers have got off the hook, the numbers suggest to me that there is still a huge uncovered short position out there, which is desperate for New World Oil & Gas to issue new shares to clear it. I am expecting a great deal of volatility in the market Given that what happens to New World Oil & Gas’ share price over the next week or so is of secondary importance to me, I believe I have a clearer perspective on what might happen. For those forward sellers who are exposed to a short squeeze, extreme volatility in the share price works in their favour. I expect they will do all they can to drive the share price up and down. Such volatility scares investors and the hope of the forward sellers will be to shake out any weak hands. The forward sellers will not scare me and I will hold fast. I believe certain forward sellers have INCREASED their short positions This might sound incredible to most, but I believe certain forward sellers have increased (possibly doubled) their short positions in New World Oil & Gas. If you think about it, in normal circumstances, this would be a decent strategy. At some point New World Oil & Gas’ share price is going to come crashing to earth. If a reckless forward seller has recklessly doubled or trebled his or her uncovered short position in New World Oil & Gas stock, he or she will still hope to profit from this mess, once the share price tumbles. HOWEVER, in this unique event, such arrogant City logic could be the ultimate downfall of certain parties. If New World Oil & Gas is not able to issue shares (which NWOGaction believes it cannot), from May 20th any exposed forward sellers will find themselves in awful positions, as they are forced by the London Stock Exchange to deliver the stock they are contractually obliged to. If I don’t sell my stock, the forward sellers cannot get their hands on it I know this sounds simple, but by keeping a firm grip on my stock this puts the exposed forward sellers under more pressure. I have kept in mind throughout, that if New World Oil & Gas acknowledges it cannot legally issue shares or faces sufficient number of legal actions to stop it issuing shares then this will mean the end for any exposed forward sellers. It already looks like the availability of stock has dried up in the market, so the firmer my resolve to hold my shares, come what may, the better. Eventually the reckless forward sellers WILL BE FORCED to buy my stock from me. I DO NOT have to sell it. Although I am committed to holding fast with my New World Oil & Gas shares, I certainly will not buy anymore. I am prepared to lose all the money I originally bought with, if need be, but now that the short squeeze has begun the remaining exposed forward sellers will be more and more desperate. Desperate people make desperate decisions, so the situation is extremely high risk. I fully expect the reckless forward sellers will use whatever trick they can (underhand or otherwise) to try to save their skins. They have no respect for ordinary private investors. They just view the savings of others as easy pickings. If there were one reason why I am so determined to see this action through to the end, it is because of this.
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08/5/2015
20:42		makday: NEW.....shorts have still to cover their position so watch for further increase in NEW share price starting on Monday!
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