New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas 20 December 2011 New World Oil and Gas Plc (New World or the Company) Officially named Operator by the Danish Energy Agency for Licences 1/09 and 2/09 at Danica Jutland Project, Denmark
New World Oil and Gas Plc, a company focused on making investments in the oil and gas sector, is pleased to announce that it has received written acceptance by the Danish Energy Agency (DEA) of it being named Operator of Licence 1/09 and 2/09 (the Licences, or the Project), totalling 4,107 sq km, located in the productive Jutland on-shore area in South Western Denmark (the Danica Jutland Project or the Project).

Additionally, the DEA has approved the transfer of the 80% interest in the Licences held by Danica Jutland ApS to New World, on completion of the earn-in work programme.
As previously announced on 24 November 2011, the North Sea Fund (NSF), owner of the remaining 20% of the Licences, has also approved the transfer of Operatorship to the Company, and the NSF, Danica Jutland ApS and the Company have duly signed amendments to the existing Joint Operating Agreements to reflect these changes.
Work at the Danica Jutland Licences has already begun, with the Company having hired a local Jutland contractor to begin the permitting process for the seismic programme that is planned to commence in Q2 2012.

New World will also begin the tendering process for the seismic programme immediately.

As NSF is a fully contributing 20% partner in the Licences, it will be contributing its 20% share for all expenditures.
Following the first phase of the seismic programme, the Companys Competent Person, RPS Energy, will be providing an updated Competent Persons Report (CPR), where the Board of Directors expect to see further high grading of prospective drillable prospects.

This CPR is expected at the end of the second quarter 2012.
New World CEO William Kelleher said: "The Company is delighted to be named Operator on the two highly prospective Danica Jutland licences, and we will immediately begin the permitting process for the seismic programme which is scheduled for Q2 2012.

We believe the Jutland licences to be world-class assets and we fully expect a positive CPR at the conclusion of the multi phased seismic programme.
"Going forward, we continue to pursue our stated goal of achieving early production at all our projects through a multi-phase seismic approach and the extensive use of state-of-the-art technology, thereby minimising geological risk up to the point of drilling.

With this is mind, I look forward to updating our shareholders on our progress at both our Danica Jutland and Blue Creek Projects on an on-going basis."
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For further information please visit www.nwoilgas.com or contact:
Enquiries: William Kelleher New World Oil and Gas Plc Tel: +1 713 447 2171 Georges Sztyk New World Oil and Gas Plc Tel: +1 514 961 2247 Peter Sztyk Felicity Geidt New World Oil and Gas Plc Beaumont Cornish Limited Tel: +1 917 215 7122 Tel: +44 (0) 20 7628 3396 Roland Cornish Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
Jerry Keen Shore Capital Tel: +44 (0) 20 7408 4090 Pascal Keane Shore Capital Tel: +44 (0) 20 7408 4090
Hugo de Salis St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177 Lottie Brocklehurst St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177 Frank Buhagiar St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Notes New World Oil and Gas Plc is focussed on making investments in the oil and gas sector, either by acquisition or by participation through Farm-Out.

The Company targets late stage exploration or early production projects that, in the opinion of the Directors, are undervalued, underdeveloped or under-performing, located in basins with large proven reserves.

New World is currently operating in Central America and Europe where New World has acquired two highly prospective projects via Farm-Out Agreements, although the Board is actively identifying exploitation opportunities in areas including Africa, South America and South East Asia.
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