Alternative Investment | New World Oil & Gas Makes AIM Debut

The Alternative Investment Market welcomed aboard a new add-on in the form of New World Oil Gas (NEW) on Wednesday.

The company, that is focused on appropriation interests in oil and gas assets, lifted 3 million is to inventory by way of fixation 60 million new shares at 5p per share.

“The reply so far has been really positive,” arch senior manager William Kelleher told Interactive Investor. “We listed on AIM to enlarge our financier bottom and erect up a following.”

The firm was incorporated in the initial entertain of 2010 to make investments in the oil and gas sector, with a perspective to gnawing up under-performing, underdeveloped or undervalued assets.

“We have a despotic investment criterion,” Kelleher explained, “we are not in the marketplace for created projects since with the proven growth comes considerable expenses and we’re competing with the majors who have lots of money to hurl at projects.”

To date, the firm has screened a few 50 projects but is on the surveillance for a low geologic danger and undervalued assets.

“For the past 10 months we’ve been really active office building up a tube of properties so investors can design a lot of headlines flow.”

And evidently not one to be fazed by a challenge, New World Oil has motionless to expansion its wings opposite Central America, South America, eastern Canada and Europe.

First and foremost, however, its concentration will drop on Belize, that plays horde to the prolific Peten Basin, that the directors think to be a prolific oil and gas zone with endless volumes of proven oil and gas reserves.

“Belize offers a really low-risk and sound mood where every endeavor is done to urge on unfamiliar investment,” Kelleher said. Furthermore, the area is not overpopulated with associate subordinate explorers excited to lay their hands on assets.

While not able to to divulge any definite details, Kelleher confirmed the company’s plan is to rest of the year was focused on appropriation projects in the region, with headlines upsurge not far off.

In South America, the firm is eyeing up properties in Argentina, Paraguay and Uruguay, whilst in Europe it will look at the South Permian Basin.

But with countless subordinate oil and gas explorers opposed is to spotlight on AIM, New World Oil Gas mentioned its appeal lies in its “highly experienced” board, that boasts over 70 years of amalgamated experience in the abroad oil and gas industry.

“Our house has a follow record of delivering worth to shareholders and you are in a burly location to take advantage of the taking flight universal appetite needs by the merger and growth of assets,” Kelleher added.