Just Add Water is yet to decide which Abe game to remake in high definition.
The choice is between Abe's Oddysee and Abe's Exoddus both iconic PSOne platforming games.
But an outside bet is that JAW will create an entirely new Abe game.
Oddworld creator Lorne Lanning announced in January that Abe's Oddysee was set for a HD remake with JAW at the helm.
But a decision is yet to be made, JAW boss Stewart Gilray told Eurogamer at the GameCityNights event in Nottingham.
"We want to do something, at least Oddysee or Exoddus-based because we have the design for those games," he said. "We have all the original 3D models for those games. We've got all the models behind what was pre-rendered. All the animations. All the environment models.
"What we're coming up with, people are going to like. But we're still in pre-production. We haven't decided if we're going to go with a full Oddysee remake or if we'll take parts of Oddysee, parts of Exoddus and parts of new stuff. We'll see."
All that is decided at this stage is that JAW will create an Abe HD game, it will be 2.5D, and it will launch for PC, PlayStation 3 and Xbox 360.
A decision will be made in the summer, with production due to begin in August.
"If we do a brand new game it's going to be two years away. If we do a remake it's going to be a year away," Gilray revealed. If it is a remake JAW hopes it'll launch by next Christmas.
"If we do a remake we could use it as a test bed. It's all well and good the fans saying, we want another Abe game. But, will only the fans buy it, or will we introduce new fans to it? The reason for doing Oddysee is that we can appeal to kids who weren't playing games 13, 14 years ago when it first came out and introduce Oddworld to a new audience that way.
"The businessmen say that's the sensible way to go. The creative says, no! Let's do new!"
1997 platformer Abe's Oddysee introduced playable character Abe, a Mudokon slave working at the RuptureFarms meat processing factory on Oddworld. Abe's Exoddus followed in 1998, again on the PSOne. Both games enjoyed such critical and commercial success that Abe became something of a PlayStation mascot.
Oddworld developer Just Add Water will premier a new game at this month's GameCityNights event in Nottingham.
CEO Stewart Gilray will unveil Oddworld: Stranger's Wrath HD and premiere a game Eurogamer has been told is the revival of a shelved title from the nineties.
Gilray will then lead a talk by Oddworld creator Lorne Lanning, who will discuss the much-loved series.
Stranger's Wrath was an Xbox first-person shooter Eurogamer awarded 7/10 in 2005.
JAW's HD remake adds 720p visuals, more character detail, normal mapping, self-shadowing, re-mastered dialogue, Move support and other undisclosed bonus material.
It is the first Oddworld game for PlayStation hardware in over a decade - Munch's Odyssey and Stranger's Wrath were both originally Xbox games.
Lanning, meanwhile, has confirmed plans to create an HD remake of classic platformer Oddworld: Abe's Oddysee.
"It's basically Abe's Oddysee being redone in a 3D physics engine as a 2D side-scrolling platformer," Lanning explained earlier this year.
The event takes place at Antenna, Beck Street, NG1 1EQ, from 6-11pm.
"It's basically Abe's Oddysee being redone in a 3D physics engine as a 2D side-scrolling platformer," said Lanning. "So the way Just Add Water wants to approach it, we thought was very smart; they are not trying to reinvent any wheels. It's like, 'Can we make that experience in a new engine, with new tech, in the old way?'"
This is slightly different from the previously announced development of Stranger's Wrath for PlayStation Network. Abe HD seems to be a full remake from the ground up, while Lanning says Stranger is "the same game, but being redone." A version of Stranger's Wrath for XBLA is also ready for release, but Lanning says the game keeps being rejected. It's possible this is due to the size limitations we heard about last year.