News blog

New World Oil and Gas

  • BY: Andrew Hore |
  • POSTED: 11/07/2016 |

Christopher Einchcomb, Stephen Polakoff and Georges Sztyk have resigned as directors of New World Oil and Gas. 

This means that a general meeting will not be required. The remaining directors are Nicholas Lee and Adam Reynolds.

Trading in the shares was suspended on 9 May when the proposed acquisition of Big Sofa was revealed. Big Sofa is involved in video and image analytics. New World has provided a loan of up to £500,000 to Big Sofa.

New World still has exploration licences in Belize. 

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