Thursday, October 11, 2012

20% CHANCE OF OIL SUCCESS, PROJECTED BY NEW WORLD OIL AND GAS IN NORTHERN BELIZE

New World Oil and Gas,  Click for Enhanced Coverage Linking Searcheswith operations in Belize, has raised £8.6mn (US$14mn) through the issue of 95.6mn new ordinary shares. 

Part of the proceeds will be used to fund the drilling of a third well at the Blue Creek project in the Petén basin, northwest Belize, the company said in a statement. The well will target prospect A which RPS Energy has given P50 volumetrics of 124Mb.

"We are now fully funded to complete our ongoing, three well drilling program in Belize and, in the process, acquire a 100% working interest in Blue Creek, which has current estimated gross P50 volumetrics of 329Mb," said company CEO William Kelleher.

He added that drilling has begun on the B Crest prospect which RPS has assigned a one in five chance of success and gross P50 un-risked prospective resources of 92.1Mb. This well is the first of the three with TD of 7,000ft (2,134m) expected mid-November.

2 comments:

Blogger said...

Get 110 FREE SPINS on PrimeSlots.
A credit card is not required.

Vladislav Yakov said...

We Can supply Aviation Kerosene,Jet fuel (JP 54-A1,5), Diesel (Gas Oil) and Fuel Oil D2, D6,ETC in FOB/Rotterdam only, serious buyer should contact or if you have serious buyers my seller is ready to close this deal fast contact us below:now base email us (neftegazagent@yandex.ru)

PRODUCT AVAILABLE IN ROTTERDAM/ CI DIP AND PAY IN SELLER EX-SHORE TANK.

Russia D2 50,000-150,000 Metric Tons FOB Rotterdam Port.

JP54 5000,000 Barrels per Month FOB Rotterdam.

JA1 Jet Fuel 10,000,000 Barrels FOB Rotterdam.

D6 Virgin Fuel Oil 800,000,000 Gallon FOB Rotterdam.

E-mail: neftegazagent@yandex.ru
E: neftegazagent@mail.ru
E: neftegazagent@yahoo.com

Best Regards
(Mr.) Vladislav Yakov
Skype: neftegazagent

Thank You