New World Oil and Gas makes progress on Danish operations

New World Oil and Gas has completed its 2D seismic programme on the Danica Resources project and expects a competent person's report (CPR) for its Danica Jutland by the end of the second quarter.

New World Oil and Gas has completed its 2D seismic programme on the Danica Resources project and expects a competent person's report (CPR) for its Danica Jutland by the end of the second quarter.

In an update on its Danish operations, the company said it has finished interpreting data from a recent 3D seismic programme on the Jensen prospect within the Jutland project and talks are underway with potential farm-in partners.

Interpretation of the 2D seismic data from the Resources project is also in progress. It will lead to follow up with 3D seismic.

"We are eager to receive the results of this programme as the data will reveal which of several large structures already identified we will further de-risk with a 3D programme," said Chief Executive Officer William Kelleher.

"All of this newly acquired data will be instrumental in our on-going discussions with potential farm-in partners and I look forward to providing further updates on our progress in both Belize and Denmark in due course."

RD

Recommended

Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021
Share tips of the week – 17 September
Share tips

Share tips of the week – 17 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
17 Sep 2021
Royal Mail will deliver for investors – here's how to play it
Trading

Royal Mail will deliver for investors – here's how to play it

Royal Mail Group has found its feet in the past 18 months and looks cheap. Matthew Partridge looks at how to trade the shares.
14 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021

Most Popular

The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021