New World Oil ups stake in Blue Creek Project

New World Oil and Gas, a company focused on Belize and Denmark, has said that the Belize Ministry of Energy, Science & Technology and Public Utilities has formally approved the assignment of a further 10 per cent working interest in the Blue Creek Project, located in the producing Petén Basin in Northwest Belize.

New World Oil and Gas, a company focused on Belize and Denmark, has said that the Belize Ministry of Energy, Science & Technology and Public Utilities has formally approved the assignment of a further 10 per cent working interest in the Blue Creek Project, located in the producing Petn Basin in Northwest Belize.

This assignment, which was approved following the acquisition of an additional 43 line km of 2D seismic data, brings the company's total working interest in the project to 35%.

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