Exclusive A New Cash Rich Company At New World Oil & Gas

PUBLISHED: Jul 19 2015 @ 05:20 | Comments (0) | More info about Chrisoil

Its been some time Since Chris Oil wrote my last ADVFN article due to my business dealings around the globe. However its time to highlight (LSE:NEW) New World Oil & Gas that stands out at present, now that i am allowed to write once again on the company.

New World Oil & Gas is clearly oversold with the weak and foolish running for the doors in a mad panic to get there money out on Friday after being locked in post suspension for more than two months. Typical sheep like behaviour of private investors after being fed black propaganda by the bear squeeze campaign.

However the shrewd investors have been buying on Friday or holding, i know of at least one hedge fund and two broker houses that have been mopping up the sells.

So what is the investor reason to be interested going forwards ? Most have forgotten to READ the full year results dated June 30th which clearly states oil enhancement projects with short term cash flow are in near term negotiations post placing. I can also confirm talking to management seems positive a deal will be done. Based on this aspect alone i believe the shareprice is grossly undervalued which could represent a conservative tripling net asset value of the company.

Investors have also missed out on the updated CPR due in the 3Q anytime by RPS Energy which includes new recent activities undertaken by the group and its joint venture partners in Denmark which include 75mmbbs and 1.1 Tscf of gas P50 based which is about to be updated. With farm in talks moving forwards stated in the full year results.

Onshore Belize is still alive when i spoke with management they were looking at smaller but higher cos onshore wells which are in farm negotiations as stated in the full year results with the goal of securing farm in by October 2015, now finance is complete this task is moving at a fast pace.

The main strength is the cash balance of (LSE:NEW) New World Oil & Gas partly down to my Chris Oil position turning a bust company into one of the best micro cap balance sheets on the aim market today with cash around market cap at 0.075p close.

So even with no board changes, news events are moving. However the board know full well if they do not progress in the next month. This time full scale management changes could be an option with a well known management team. Either way Chris Oil remains a holder of New World Oil.

I can see the share price 10 bagging with the right assets and team or at least tripling with existing managemant delivering on their full year results promises in the short term.

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Until the next time more ramblings from the castle can be seen @chrisoil

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