New World Oil and Gas Obtains a Competent Person’s Report

Yahoo Finance reported that New World Oil and Gas Plc. (LSE:NEW) has obtained a Competent Person’s Report from RPS Energy confirming the prospectivity of the Danica Resources Licence 1/08.

As quoted in the market news:

Key findings of the CPR:

• Licence 1/08 located in an under-explored area in Southern Denmark and on trend to the west of the well-established northern platform edge of theSouthern Permian Basin (‘SPB’)

• The Licence is on trend with an analogous geological setting, 20km to thewest of several producing Zechstein oil and gas fields

Click here to read the full Yahoo Finance report.