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New World Oil & Gas given deadline extension in Denmark

New World Oil & Gas (LON:NEW) has been given three further weeks to complete technical work for the Danica Jutland and Danica Resources projects in Denmark.

The deadline for the completion of the work commitment deadline has now moved to February 20.

In the summer of 2014 New World had a geochemical survey carried out and around 679 kilometres of 2D seismic was reprocessed.

Analysis of the results is currently underway and New World says the findings will be submitted to its partners and the Danish Energy Agency once they are available.

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“Our purpose remains to prove up the asset in the most efficient way possible and we believe significant progress is being made by the company on all fronts," chief executive Brian McDonnnell said.

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