RNS Number: 6395 W Nu-Oil and Gas PLC 18 April 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 9762 V Nu-Oil and Gas PLC 12 April 2019 12 April 2019. The Company announces an open offer to raise up to approximately £250,000 through the issue of up to 83,333,333 new ordinary shares in the Company at an issue price of 0.3 pence per share. Treasury shares totalling 12,445,378 are excluded from the Open Offer entitlement.
Placing to raise £0.25 million. The Company announces that it has completed a placing of new ordinary shares of 0.1 pence each in the Company to raise £0.25 million in total before expenses. The Company placed 83,333,333 new Ordinary Shares at a price of 0.3 p per Placing Share to raise £0.25 million.
RNS Number: 5120 U Nu-Oil and Gas PLC 29 March 2019 29 March 2019. Interim Results for the six months ended 31 December 2018. ·The Company reports a loss of £972,000 for the period, which is broadly comparable with the loss made over the 2018 financial year on an annualised basis.
RNS Number: 2534 U Nu-Oil and Gas PLC 28 March 2019 28 March 2019. Marginal Field Development Company signs non-binding Letter of Intent to establish a gas to wire project financing entity. Nu-Oil is pleased to note the following announcement from Marginal Field Development Company Ltd., the Company's 50%- owned joint venture.
Nu-Oil and Gas Plc (NUOG.L) Announced that Marginal Field Development Company, the company's 50%-owned joint venture has entered into an agreement with Royal Eagle Capital Partner USA LLC to work together, on an exclusive basis in Mexico, Colombia and Ecuador, to identify and evaluate potential marginal field development projects, both onshore and offshore.
Marginal Field Development Company sign exclusive agreement with Royal Eagle Capital Partner USA LLC. Marginal Field Development Company is pleased to announce that it has entered into an agreement with Royal Eagle Capital Partner USA LLC to work together, on an exclusive basis in Mexico, Colombia and Ecuador, to identify and evaluate potential marginal...
Nu-Oil and Gas Plc (NUOG.L) Announced that Marginal Field Development Company, the company's 50%-owned joint venture, has entered into a collaboration agreement with Siemens' Dresser-Rand business. Siemens becomes the second company, following Marnavi Offshore, to join MFDevCo's gas to wire initiative, which forms a part of MFDevCo's overall strategy to maximise the recovery and value of resources within fields currently considered stranded or marginal. Siemens, a world-renowned digital pioneer that focuses on electrification and automation, brings key capabilities and experience to this initiative, as well as the market position required to assist MFDevCo in capitalising on its gas to wire opportunities. Under the terms of the collaboration agreement, Siemens will provide information and support to MFDevCo to secure identified gas to wire projects in return for an exclusive first option to provide certain equipment and services to those MFDevCo projects on terms acceptable to both parties.
RNS Number: 6971 P Nu-Oil and Gas PLC 12 February 2019 12 February 2019. Siemens support MFDevCo in Development of Marginal Gas Fields. Siemens is working with MFDevCo with an initial focus on UK projects but is also keen to investigate other projects that MFDevCo is pursuing worldwide..
RNS Number: 5740 O Nu-Oil and Gas PLC 30 January 2019 30 January 2019. Nu-Oil announces that Nigel Burton, the Company's former CEO, has chosen to exercise options over a total of 8,000,000 ordinary shares of 0.1 pence each carrying an exercise price of 0.6 pence per share.. Application has been made for the 8,000,000 new Ordinary Shares to be admitted to trading on...
RNS Number: 3022 O Nu-Oil and Gas PLC 28 January 2019 28 January 2019. Clarification on AGM Results Announcement. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2033 O Nu-Oil and Gas PLC 28 January 2019 28 January 2019. Results of Annual General Meeting. The Company is pleased to announce that at its Annual General Meeting, held in Manchester on Friday 25 January, all the resolutions proposed were approved by the shareholders..
Nu-Oil and Gas Plc (NUOG.L) Announced that Marginal Field Development Company (MFDevCo), the company's 50.0%-owned joint venture, has entered into a collaboration agreement with Marnavi Offshore (Marnavi). Marnavi joins MFDevCo as it establishes strategic collaborations with companies that have the key capabilities, experience and market position required to maximise and deliver opportunities being pursued as part of its gas to wire initiative for the cost-effective development of marginal gas fields. MFDevCo will also seek to collaborate with further large engineering companies to participate in providing an integrated gas to wire initiative.
RNS Number: 0700 O Nu-Oil and Gas PLC 25 January 2019 25 January 2019. Strategic Collaborations to Support MFDevCo in Development of Marginal Gas Fields. The Company is pleased to announce that Marginal Field Development Company, the Company's 50%- owned joint venture, has entered into a collaboration agreement with Marnavi Offshore.
RNS Number: 9386 N Nu-Oil and Gas PLC 24 January 2019 24 January 2019. �Appointment of Graham Scotton as a Director and Executive Chairman of the Company and as Deputy Chairman of Marginal Field Development Company;. Graham has wide-ranging experience in technical, operational, planning, commercial and management roles, having worked for BP for over 30 years...
Nu-Oil and Gas Plc (NUOG.L) Announced, in its preliminary results for the year ended 30 June 2018, that total administrative expenses rose to �1.6 million from �1.4 million reported in the same period last year. The company’s loss before tax stood at �1.8 million compared to a loss of �1.6 million reported in the previous year. The basic loss per share stood at 0.1p compared to loss of 0.2p in the previous year. The company’s cash and cash equivalents stood at �0.8 million (Interim date 2017: �0.6 million).
RNS Number: 6125 L Nu-Oil and Gas PLC 28 December 2018 28 December 2018. Preliminary Results for the year ended 30 June 2018. Nu-Oil, the independent Oil and Gas Company, today announces its results for the year ended 30 June 2018..
Nu-Oil and Gas Plc (NUOG.L) Announced an update with respect to the option between G2 Energy Corp. (G2) and Enegi Oil Inc. (Enegi), the company's Canadian subsidiary, on Exploration Licence 1070 (EL1070 or the licence), located in western Newfoundland, announced on 21 December 2016. Based on discussions with various parties and consideration of all factors, Enegi has reached the conclusion that the best way to generate value for shareholders is to allow G2's option relating to the licence to expire at the end of the option period on 16 December 2018. The licence remains in force and Enegi continues to hold 100% of the deep rights in the licence.
RNS Number: 6048 K Nu-Oil and Gas PLC 17 December 2018 17 December 2018. The Company provides the following update with respect to the option between G2 Energy Corp. and Enegi Oil Inc., the Company's Canadian subsidiary, on Exploration Licence 1070, located in western Newfoundland, announced on 21 December 2016. Enegi has also met with the Canada- Newfoundland and...
Nu-Oil and Gas Plc (NUOG.L) Announced an update on discussions between Enegi Oil Inc. (Enegi) and PVF Energy Services Inc. (PVF) on the farm-in by PVF to Production Lease 2002-01(A) ("PL2002-01(A)"), in which the company's wholly-owned subsidiary, Enegi, holds a 100% working interest. The PL2002-01(A) lease area lies over the Garden Hill field. Further, the company informed that discussions continue between the parties in respect of entering into a definitive farm-in agreement, which will fund the next phase of development and optimise the operational and ownership structure for the longer-term success of the project.
Nu-Oil is a development and production company; we generate value from undeveloped discoveries and mature fields, using cost-effective, proven technologies and commercial structures to attract financing and secure field development approval. Nu-Oil target fields that have been thoroughly appraised and are located in basins with an existing supply chain and stable financial, political and regulatory regimes. As a result we are not exposed to the risks associated with frontier plays, including exploration and appraisal. Nu-Oil will develop these assets using MFDevCo's cost-effective solutions, implemented in association with MFDevCo's Consortium of oil and gas specialists, which provides the skills and capability required to deliver projects. Nu-Oil owns a 50% interest in MFDevCo.