Good morning, Please see below a morning note from Shore Capital regarding New World Oil & Gas Plc following the Companys announcement this morning that it has been assigned 75% working interest in its Blue Creek Project in Belize.

New World confirmed a working hydrocarbon system whilst drilling its first two wells in Belize, and the Company will commence drilling its next prospect, West Gallon Jug Crest, in the coming weeks. The full release is pasted below. Best regards, Lottie
NEW WORLD OIL & GAS+ (NEW, 4.75p, No Recommendation) - Assignment of interest in Belize.

E&P company New World Oil & Gas has announced that its working interest in the Blue Creek project in Belize has increased to 75%; this is as agreed under the original farm-in deal and follows ministerial approval of the assignment of an additional 40% working interest.

Having drilled one vertical and one sidetrack well to date in Belize, New World reiterates its plans to spud a well on the West Gallon Jug prospect next month, with the objective of gaining an eventual 100% working interest in the project.

With live oil shows and extensive residual oil encountered at the B Crest well location, trap appears to be the key outstanding element, and West Gallon Jug is considered to be geologically independent of B Crest.

We continue to see significant volumetric potential at Blue Creek, where drilling of the next well is on track to commence very soon and is fully funded by existing cash resources.

Including further upside potential in Denmark, we calculate Risked NAV of 25p/share. Shore Capital Stockbrokers Limited acts as Broker to New World Oil and Gas Plc. [cid:image001.png@01CE13F2.B98EF410]
New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas 26 February 2013 New World Oil and Gas Plc (New World or the Company) Working Interest Increased to 75% at Blue Creek Project, Belize
New World Oil and Gas Plc, an oil and gas operating company focussed on Belize and Denmark, is pleased to announce it has formally received a 75% working interest in its Blue Creek Project located in the producing Pet�n Basin in Northwest Belize (the Project).

This follows the Belize Ministry of Natural Resources and the Environment formally approving the assignment of a further 40% working interest in the Project to New Worlds wholly owned subsidiary, New World Oil and Gas (Belize) Ltd (NW Belize).

The assignment follows the drilling of two exploration wells on the Blue Creek PSA B-Crest location, as detailed in the Farm-Out Agreement (FOA) announced on 16 June 2011.
Having drilled two wells to date in Belize, the Blue Creek #2 and #2A ST, under the terms of the FOA, the Company is on track to earn-into a 100% working interest in the Project by drilling the West Gallon Jug prospect to a total depth of 8,800 ft.

Drilling will commence on this third well in March 2013.
New World CEO William Kelleher said, "Earning into a 75% working interest into the Blue Creek Project in Belize marks a significant milestone for the Company.

Although we did not make a commercial discovery at our B Crest prospect, three of four elements which make up a working hydrocarbon system, source, migration and seal have been confirmed.

Trap remains the only outstanding risk and importantly each of our remaining five drillable prospects in Belize are geologically independent of each other.

With this in mind, we are looking forward to recommencing our drilling campaign in Belize in the next few weeks at our West Gallon Jug Crest prospect which has been assigned by RPS Energy a P50 un-risked resource of 113 million barrels of oil for the Y1 and Y2 intervals only.
"Our Belize prospects are only part of the potential upside we are exposing our shareholders to.

In Denmark we have three drillable prospects within our Danica Jutland and Danica Resources projects where we will be looking to drill later this year.

We are hopeful that we will be able to reduce capital expenditure requirements in Denmark by farming-down to interested potential farm-in partners that have shown considerable interest in our Danish assets.
"2013 is shaping up to be an active year for New World.

The total combined upside in both Denmark and Belize for all 8 drillable prospects that we have identified is P50 396 million barrels of oil and 2 trillion cubic feet of gas, representing an un-risked indicative upside value potential of more than US$6.4 billion.

Our team has taken significant steps to de-risk these prospects which are now all drill ready.

We also have built an inventory of 40 further prospects and leads in both Belize and Denmark that we continue to mature.

I look forward to updating the market on our progress."
* *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: +1 646 407 9946 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 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 an oil and gas operating company with three highly prospective projects in Belize and Denmark.

New World is operator of all three projects where a systematic programme of seismic acquisition has resulted in multiple prospects being identified and derisked, a number of which have been classified by the Competent Person as being drill ready.

At Blue Creek in Belize drilling operations are due to commence at the West Gallon Jug Crest prospect in Q1 2013.

New World also operates two projects in onshore Denmark located in producing basins covering a combined area of over 2.6 million acres, making it the largest holder of acreage in Denmark. Management is constantly evaluating additional projects that would complement the Companys growing portfolio, particularly late stage exploration or early production projects located in basins with large proven reserves that, in the opinion of the Directors, are undervalued, underdeveloped or under-performing.
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