In May 2011, New World Oil and Gas came to the AIM, bringing with it an experienced and capable management team of former Victoria Oil and Gas men, namely, Bill Kelleher and Georges Sztyk. They were joined by Peter Sztyk, an experienced contractual attorney, providing the necessary blend of legal/commercial experience for what was to be a deal making enterprise.
In the six months since listing the company has released twenty rns announcements, representing a rate of nearly one per week. Much of this relates to business progress, at their Belize operations and, more recently, their Danish interests.
We feel the company has made substantial progress in recent months, particularly with the seismic progress proving particularly positive, as announced on 20th September. So, even though markets are seriously jittery at the moment, we thought it was highly irregular that New World Oil & Gas’ share price continued to languish below the original IPO pricing, despite an early push upwards on the 20th, as market makers recognised the value in the news and marked the price up pre-market.
Sometimes it feels like share prices are pinned down for no reason and, when logic dictates positive news should be reflected, it isn’t. But such scenarios do not persist forever, particularly if the overwhelming modus operandi of the company is to continually drive forward and make progress.
And, given the progress made, we thought it a good time to catch up with Bill Kelleher, CEO and Peter Sztyk, Executive Director whilst they were in London last week and discuss the Company's recent progress and news. We hope you enjoy listening:
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