Oil and gas investment firm New World Oil and Gas saw its share price surge after announcing that it has established a 'virtual data room' following the receipt of a number of approaches from potential farm-in partners about two promising looking projects it has in Denmark and Belize.
The Belize project is called Blue Creek and was estimated in December as having a "1 in 5 probability of geologic success". If successful it's thought the discovery could contain 294 million barrels of oil and be worth $1.53bn.
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