New World Oil and Gas doubles stake in Danica Jutland Project

AIM-listed New World Oil and Gas has announced that it has received approval to increase its interest in licences on the Danica Jutland Project to 25 per cent.

AIM-listed New World Oil and Gas has announced that it has received approval to increase its interest in licences on the Danica Jutland Project to 25 per cent.

The Danish Energy Authority, which is part of the Government of Denmark, has formally approved the assignment to New World's wholly owned subsidiary, New World Jutland ApS an additional 12.5% working interest in Licences 1/09 and 2/09 of Danica Jutland.

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