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August 2nd, 2013

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After six months of seismic studies, the London-based firm New World Oil and Gas has concluded that there could be commercially viable oil and natural gas deposits under central and southern Denmark. The company estimates that there could be at least 16.7 billion m3 of natural gas in the areas it explored. New World Oil and Gas is reported to be seeking a Danish partner as it considers whether to purchase the 35 million kroner drilling licence required to begin extraction. – Ingeniøren