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

- January 25th, 2012

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.

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.

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