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NEW New World Oil

0.06
0.00 (0.00%)
22 Apr 2024 - Closed
Delayed by 15 minutes
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 0.00% 0.06 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.06 GBX

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Date Time Title Posts
07/5/201913:57NEW WORLD OIL & GAS - BASHER FREE THREAD12,220
03/2/201923:09A NEW POLITICAL PARTY MANIFESTO..PARTY FOR THE PEOPLE-
23/10/201615:03New World Oil & Gas - Significant Potential21,934
17/9/201509:04NEW WORLD OIL AND GAS -THE FUTURE3,699
21/5/201509:27THE HUMBLER76

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Posted at 04/5/2019 15:23 by hedgehog 100
Greengold,

Eridge Capital (i.e. ex NEW) have been investing into NTOG (Nostra Terra).
According to a 22.3.19 NTOG RNS, Eridge have recently increased their holding to 6.11% of NTOG -

22/03/2019 11:00 UKREG
Nostra Terra Oil & Gas Company PLC Holding(s) in Company



And the NWOG website suggests that there will be an Eridge AGM soon - the 2018 (sic) AGM.
In this respect, this website recently reported that: "The 2018 AGM will be held before 8 May 2019, with the exact date to be announced at the beginning of April 2019".
However, these dates seem to have been put back.




But there's been no Eridge Capital Ltd. RNS since February 2018:




And there's been no accounts or progress update at Companies House:
Posted at 24/5/2018 21:41 by gheebee
Hiding in plain sight...


Stateside Energy LLC
CEO
Company Name Stateside Energy LLC
Dates Employed Jun 2016 – Present Employment Duration 2 yrs
Location Oklahoma

Stateside Energy LLC is a small oil and gas company with 4 wells, acreage and production in Kiowa
Peddler Inc.
Founder and Secretary
Company Name Peddler Inc.
Dates Employed Mar 2016 – Present Employment Duration 2 yrs 3 mos

Peddler is a new type of e-commerce marketplace. Stay tuned!
Peddler.com

Ukrainian World Congress
Vice President, Director and Chairman of the Human Rights Committee
Company Name Ukrainian World Congress
Dates Employed Aug 2013 – Present Employment Duration 4 yrs 10 mos

hxxp://www.ukrainianworldcongress.org/index.php/id/350/inner/true/lang/ua
Golden Temple Capital Management Ltd
Founder and Director
Company Name Golden Temple Capital Management Ltd
Dates Employed Dec 2007 – Present Employment Duration 10 yrs 6 mos

www.gt-cap.com
New World Oil and Gas PLC (9NG)
(positions) Founder, Director, CEO, Consultant to the Board
Company Name New World Oil and Gas PLC (9NG)
Dates Employed Apr 2010 – Apr 2016 Employment Duration 6 yrs 1 mo
Posted at 22/5/2018 12:34 by gheebee
New director announced. Eridge board strengthened....
Posted at 12/3/2018 15:02 by 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".



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,
Posted at 05/3/2018 14:55 by 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. …
Posted at 09/2/2018 15:26 by 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
Posted at 29/1/2018 18:12 by 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
Posted at 08/11/2017 18:32 by hedgehog 100
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." "
Posted at 29/8/2017 14:16 by yufff
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.
Posted at 19/11/2015 13:38 by 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:
New World Oil share price data is direct from the London Stock Exchange

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