Nu-Oil reports positive progress on reverse takeover work
9th Sep 2020 12:15
(Sharecast News) - Nu-Oil and Gas updated the market on its status as an AIM rule 15 cash shell on Wednesday, having been granted an extension to its requirement to complete a reverse takeover by six months under the temporary AIM coronavirus measures.
Read moreNu-Oil shift focus amid crude price volatility
17th Mar 2020 15:10
(Sharecast News) - Cash shell Nu-Oil and Gas updated shareholders on its strategy on Tuesday, saying that as a result of commodity price volatility in recent months, and in particular the last few weeks, it was now evaluating potential reverse takeover targets across all sectors.
Read moreNu-Oil returns equity held in Enegi Oil under Newfoundland law
21st Oct 2019 12:07
(Sharecast News) - Nu-Oil and Gas announced on Monday that it has returned the equity it held in Enegi Oil to Enegi with immediate effect, continuing the implementation of changes it announced on 1 October, in a bid to create a "new direction" for the company.
Read moreNu-Oil to raise £0.25m via open offer
12th Apr 2019 15:17
(Sharecast News) - Nu-Oil and Gas announced an open offer to raise up to approximately £0.25m before expenses on Friday, through the issue of up to 83,333,333 new ordinary shares at an issue price of 0.3p each.
Read moreNu-Oil shares fall as joint venture enters agreement with Royal Eagle
21st Feb 2019 10:35
(Sharecast News) - Nu-Oil and Gas shares were in the red on Thursday morning, after it updated the market on its 50%-owned joint venture Marginal Field Development Company (MFDevCo) on Thursday, which itself announced that it had entered into an agreement with Royal Eagle Capital Partner USA.
Read moreNu-Oil and Gas' joint-venture partners up with Siemens
12th Feb 2019 10:04
(Sharecast News) - Nu-Oil and Gas on Tuesday confirmed that Marginal Field Development Company (MFDevCo), its 50%-owned joint-venture, has entered into a collaboration agreement with Siemens' Dresser-Rand business
Read moreNu-Oil's MFDevCo enters collaboration with Marnavi Offshore
25th Jan 2019 09:26
(Sharecast News) - Nu-Oil and Gas announced on Friday that Marginal Field Development Company (MFDevCo), its 50%-owned joint venture, has entered into a collaboration agreement with Marnavi Offshore.
Read moreNu-Oil losses widen, but board confident of future revenue
28th Dec 2018 10:13
(Sharecast News) - Pre-revenue independent oil and gas company Nu-Oil issued its results for the year ended 30 June on Friday, reporting an increased loss from operations of £1.67m, widening from £1.46m in the prior year.
Read moreNu-Oil's Enegi making progress on 'more complex' farm-in agreement
7th Aug 2018 12:00
(Sharecast News) - Nu-Oil and Gas updated the market on discussions between its wholly-owned subsidiary Enegi Oil and PVF Energy Services on the farm-in by PVF to production lease 2002-01(A) on Tuesday.
Read moreNu-Oil & Gas says G2 Energy completes due diligence on EL1070
13th Feb 2017 11:35
(ShareCast News) - Shares in Nu-Oil & Gas are down more than 2% on confirming G2 Energy has successfully completed its due diligence on EL1070, which is offshore western Newfoundland. G2 Energy has an exclusive option to earn 100% of Nu-Oil & Gas' working interest in the Deep Rights on EL1070, with
Read moreNU-Oil raises £2.05m to invest in Canada assets
6th Feb 2017 09:08
(ShareCast News) - NU-Oil has raised £2.05m in order to continue the implementation of its business plan concerning its oil and gas assets in Canada. The AIM-listed oil and gas company said that the funds raised will be used to continue with its stranded and marginal field strategy in conjunction
Read moreNu-oil & Gas reduces FY loss, raises need for additional capital injection
21st Dec 2016 12:24
(ShareCast News) - Nu-Oil and Gas has reduced its full-year pre-tax loss and flagged the need for an injection of additional capital to execute its business model. "However," the AIM-listed company said, "further shareholder dilution cannot be ruled out." The company booked a 12-month pre-tax loss
Read moreFarm-in triggered for NU-Oil investment
19th Feb 2016 09:52
(ShareCast News) - NU-Oil updated the market on one of its Irish interests on Friday, in which one of its investments - Marginal Field Development Company (MFDevCo) - was undertaking a farm-in to the Helvick and Dunmore oil discoveries. Its stake in MFDevCo was 50%, and the farm-in agreement was ini
Read moreNu-Oil and Gas plunges after placing
13th Nov 2015 14:18
(ShareCast News) - Exploration and production group Nu-Oil and Gas said it had successfully raised £435,000 via a discounted placing. The London-listed company will issue 124.3m at 0.35p each, adding the proceeds will go towards funding the group's strategy and to facilitate the acquisition of a num
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