Good morning, Please see below the Shore Cap Morning Note regarding New World Oil and Gas following New Worlds decision to undertake a fundraising of approx.

US$35 million during February 2012 based on interest from institutional investors and lenders in its portfolio of interests in Belize and Denmark. Best regards, Lottie
Initial Trading Comments Monday 30 January 2012
NEW WORLD OIL & GAS+ (NEW, 10.9p, No Recommendation) - Funding strategy update.

E&P company New World Oil & Gas has released an update on its funding strategy, announcing a planned US$35m fundraising to take place in February 2012, subject to shareholder approval at EGM.

The company reports that the proposed transaction is based on interest expressed by institutional investors and lenders; the funds raised will be applied in accordance with New Worlds investing policy and for business development, general corporate and administrative expenses.

In addition to leaving the company well funded to meet its current commitments in Belize and Denmark, the planned fundraising should also leave New World very well positioned to take advantage of potential future investment opportunities, in our opinion.

In addition, the company reports that it is making good progress in seeking industry support for its existing projects, and expects the farm-out process to mature in the near future.

We published our initiation note on New World on 14th December 2011; in Belize, the company has been systematically adding value to Blue Creek, where an updated CPR has been completed; P50 prospective resources of almost 300mmbbl are calculated across two drill-ready prospects.

New World is now preparing to spud its first well in 2012, which we think has the potential to create lots of excitement.

We also believe that Danica Resources in Denmark provides a very complementary addition to the companys portfolio. [cid:image002.jpg@01CCDF32.B99D62C0] Hi there, New World Oil and Gas Plc (AIM: NEW), a company focused on making investments in the oil and gas sector, has today announced that based on interest from institutional investors and lenders in the Companys portfolio of interests including the Blue Creek Project in Belize and the Danica Jutland and Danica Resources Projects in Denmark, it has decided to undertake a fundraising of approximately US$35 million during February 2012. Since listing in May 2011, New World has assembled interests in three projects: The Blue Creek Project, consisting of two concessions totalling 420 sq km located in the productive Pet�n Basin in Northwest Belize, with current estimated P50 reserves of 294MMbbl and a combined Expected Monetary Value (EMV10) of $1.53 billion; The Danica Jutland Project covering an area of 4,107 sq km located in the productive Jutland on-shore area in South Western Denmark; and the recently announced Danica Resources Project covering 6,420 sq km in Southern Denmark in the productive Western Baltic region of the South Permian Basin with estimated P50 reserves of 97MMbbl and 1.401 Tcf and an indicative success case NPV10 value of US$2.439 billion. The Data Room, established in response to a number of unsolicited approaches to participate in the Companys projects, has received a significant amount of interest including that from major oil and gas companies.

The overriding aim for the Company is to maximise the value of its portfolio on behalf of its shareholders.

As a result, the Board has decided to implement a new funding strategy in order to strengthen New Worlds position in negotiations with potential farm-in partners, as well as satisfy institutional investors and raise the Companys profile internationally. In order to undertake this funding, the Company needs to increase its authority to issue shares and accordingly, a notice of an extraordinary general meeting to take place on Wednesday 15 February 2012, will be dispatched to the Companys shareholders (and will be published on the Companys website) on Monday 30 January 2012, to pass certain resolutions necessary to allow the fundraising to take place. The funds raised will be applied in accordance with the Companys Investing Policy (as set out in its AIM Admission Document dated May 2011) and for business development, general corporate and administrative expenses. Todays announcement has been released in order to comply with US Securities regulations.

The Company has received a significant amount of interest in its portfolio from institutional investors who have recognised the value and potential of the assets New World has assembled since listing on AIM.

This gives management a high degree of confidence that the fundraising will be successful, leaving New World well placed to meet its current commitments, to continue its negotiations with potential farm in partners for the Companys existing investments, and also take advantage of potential future investment opportunities. The full release is pasted below - any questions please do not hesitate to get in touch. Best regards, Lottie New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas 30 January 2012 THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, JAPAN OR ANY JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL, IN WHOLE OR IN PART AND IS NOT TO BE RELEASED, PUBLISHED OR DISTRIBUTED TO UNITED STATES NEWSWIRE SERVICES. Neither this announcement nor any part of it constitutes an offer to sell or issue or the solicitation of an offer to buy, subscribe or acquire any new ordinary shares in the Company ("Ordinary Shares") or warrants for Ordinary Shares in any jurisdiction in which any such offer or solicitation would be unlawful. New World Oil and Gas Plc ("New World" or "the Company") New World Funding Strategy New World Oil and Gas Plc (traded on the AIM market of the London Stock Exchange under the NEW ticker symbol) announces that based on interest from institutional investors and lenders it has decided to undertake a fundraising of approximately US$35 million during February. In order to undertake this funding, the Company needs to increase its authority to issue shares and accordingly, a notice of an extraordinary general meeting to take place on Wednesday 15 February 2012 will be dispatched to the Companys shareholders (and will be published on the Companys website) on Monday 30 January 2012, to pass certain resolutions necessary to allow the fundraising to take place. The funds raised will be applied in accordance with the Companys Investing Policy (as set out in its AIM Admission Document dated May 2011) and for business development, general corporate and administrative expenses. New World CEO William Kelleher said, "New Worlds management intends to ensure the Company is well funded to meet both our current commitments and to take advantage of potential future investment opportunities.

We believe this will also place the Company in a strong position when negotiating with potential farm-in partners for our existing investments.

In this regard, we are also pleased to report that interest has been expressed (by some major companies) in the Companys data room (such companies having already met with New World) and several of these companies are currently undertaking a more detailed review of our assets at this time.

We expect this process to mature in the near future and anticipate that it will strengthen the Company and our future funding strategy as we move forward." This announcement has been prepared for publication in the United Kingdom and may not be released or distributed in the United States.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S.

Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S.

Persons unless registered under the U.S.

Securities Act and applicable state securities laws or an exemption from such registration is available.

There will be no public offering of the securities in the United States. IMPORTANT INFORMATION This announcement contains forward-looking statements.

These statements relate to the Companys future prospects, developments and business strategies.

Forward-looking statements are identified by their use of terms and phrases such as "believe", "could", "expects", "estimate", "intend", "may", "plan", "will" or the negative of those, variations or comparable expressions, including references to assumptions.

The forward-looking statements in this announcement are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements.

If one or more of these risks or uncertainties materialises, or if underlying assumptions prove incorrect, the Companys actual results may vary materially from those expected, estimated or projected.

Given these risks and uncertainties, potential investors should not place any reliance on forward-looking statements.

These forward looking statements speak only as at the date of this announcement.

Neither the Directors nor the Company undertake any obligation to update forward-looking statements described in this announcement other than as required by the Prospectus Rules, the AIM Rules or by the rules of any other relevant securities regulatory authority, whether as a result of new information, future events or otherwise. This announcement is for information purposes only and does not constitute an offer for sale or an invitation to subscribe for, or the solicitation of an offer to buy or subscribe for, securities of the Company in any jurisdiction where such solicitation is unlawful ("Restricted Jurisdiction").

In particular, this announcement is not for distribution in or into the United States, Canada, Japan, Australia, the Republic of Ireland or the Republic of South Africa.

As noted, the securities of the Company will not be registered under the U.S.

Securities Act or under the securities laws of any state of the United States or under any of the relevant securities laws of Canada, Australia, Japan, the Republic of Ireland, the Republic of South Africa or any other Restricted Jurisdiction, nor has any prospectus in relation to the securities of the Company been filed, or registration made, under any securities law of any province or territory of Canada or been lodged with or registered by the Australian Securities and Investments Commission or the Japanese Ministry of Finance.

Overseas shareholders and any person (including, without limitation, custodians, nominees and trustees) who has a contractual or other legal obligation to forward this announcement to a jurisdiction outside the UK should seek appropriate advice before taking any action.

No action has been taken by the Company or its advisers that would permit a public offer of securities of the Company or possession or distribution of this announcement where action for that purpose is required.

Persons into whose possession this announcement comes should inform themselves about, and observe any such restrictions.

Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. * *ENDS* * 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 New World Oil and Gas Plc Tel: +1 917 215 7122
Broker for purposes of AIM Rules Jerry Keen (Corporate broking) Shore Capital Tel: +44 (0) 20 7408 4090 Pascal Keane Shore Capital Tel: +44 (0) 20 7408 4090
Nominated Adviser for purposes of AIM Rules Roland Cornish Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396 Felicity Geidt Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
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 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 are, in the opinion of the Directors, undervalued, underdeveloped or underperforming, located in basins with large proven reserves.

New World is currently operating in Central America and Europe where New World has acquired two prospective projects via farm-out agreements, although the Board is actively engaged in identifying exploitation opportunities in other areas including Africa, South America and South East Asia.