UK 21:04 Monday, 21 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
Ben Turney has just revealed HERE how the discredited Peter Sztyk, the CEO of New World Oil & Gas (NEW) told today’s investor call that the company would spunk two thirds of its £3 million net cash on a new well (to follow its previous duster) in Belize within weeks. This is price sensitive information. This should have been issued via an RNS.
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Comments
johng
The Chairman’s already mentioned it to the market on 1st of Sept 2015:
http://www.investegate.co.uk/new-world-oil—-38—gas—new-/rns/unaudited-interim-results—replacement-/201509011742597707X/
In Belize, where our 2013 drilling showed encouraging oil shows, discussions with potential interested partners are on-going. The Group’s current intention is to drill a new well on the C Prospect at our Blue Creek Project with a farm-in partner. We have been active on the ground and identified a suitable well location and have outlined a drilling plan and cost analysis to enable the drill programme to commence quickly on the completion of negotiations with a farm-in partner and ahead of the Production Sharing Agreement (“PSA”) termination date on 12 October 2015.
wildrides
Is there no end to the depravity in the cellar of the LSE that houses the the Gimp called AIM . The directors of NEW are beyond any form of regulation and must go .
JustCurious
Regrettably I fear JohnG is right. Time to sell at yet another loss.
My experience of the Hot Stock Rocket / Nifty Fifty selections has not been a favourable one so far:
Miarada: Down 7%
Obtala: Down 11%
Insetco: Delisted, realistically 100% wipeout
Entu: Down 42%
Action Hotels: Down 11%
New World Oil and Gas: Down ~20%
Think I’ll change the screen name to “Jonah”
Tom Winnifrith
JC
To be fair we said sell Insetco way before susp. If you held on not our fault. To be fair on New first time we tipped it we banked a 350% gain in 5 days. Next time we tipped at a 0.06 offer and sold at a 0.06 bid. You seem to have missed out on our other winners and gone for rare losers Im sorry about that What can i say other than sorry
T.