NUOG.L

Nu-Oil & Gas Plc

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  • High
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  • OPEN
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  • VOL
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  • MKT CAP
    -M
  • LOW
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  • CLOSE
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  • AVG VOL
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  • SHARES IN ISSUE
    4.47B

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Company Profile

Nu-Oil and Gas plc (AIM: NUOG) originally listed on AIM in March 2008 as an independent oil and gas company. Following a group restructuring in October 2019 and the sale of the company’s 50% interest in MFDevCo on 4 November 2019, considered to be a fundamental disposal under AIM Rules, Nu-Oil and Gas has been reclassified an AIM Rule 15 cash shell. As such, Nu-Oil and Gas is required to make an acquisition (or acquisitions) which constitutes a reverse takeover under AIM Rule 14 on or before the date falling six months from completion of the disposal. In September 2020, in line with the guidance issued in Inside AIM: Coronavirus - Temporary Measures 20 March 2020, the Company has been granted an extension to the deadline by which it must complete a reverse takeover (as set out in AIM Rule 15) (a "RTO") by six months from 4 November 2020. The Company will update investors in due course.
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