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Four questions for Beaumont Cornish, New World Oil & Gas’ Nomad

By Ben Turney | Monday 7 April 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


After nearly a year of little to no operational progress, New World Oil & Gas’ (NEW) shareholders would do well to ask what exactly have they been paying their directors such exorbitant amounts for. As the company’s cash reserves dwindle, the only announcements forthcoming have concerned delays, delays and more delays. Chief executive William Kelleher clearly doesn’t feel that he needs to explain just what is going on, so perhaps it is time to ask his Nomad, Beaumont Cornish, a few searching questions.



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