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New World Oil and Gas Obtains a Competent Person’s Report
Jan. 25, 2012 06:51PM PST
Oil and Gas InvestingYahoo 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.
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.