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London South East - Oil & Gas Investor Evening: Malcy, Echo, Savannah, SDX
Andrew Knott, #SAVP speaks at London South East's Oil & Gas event


Nu-oil & Gas Share Price (NUOG)



Share Price Information for Nu-oil & Gas (NUOG)


Share Price: 0.85Bid: 0.84Ask: 0.86Change: 0.00 (0.00%)No Movement on Nu-oil & Gas
Spread: 0.02Spread as %: 2.38%Open: 0.905High: 0.905Low: 0.825Yesterday’s Close: 0.85

Nu-oil And Gas Plc Ord 0.1P

Nu-oil & Gas is part of the Metals sector






Share Price SpacerPrice
0.85
Share Price SpacerBid
0.84
Share Price SpacerAsk
0.86
Share Price SpacerChange
0%0.00
Share Price SpacerVolume
3,959,126
Share Price SpacerOpen
0.905
Share Price SpacerHigh
0.905
Share Price SpacerLow
0.825
Share Price SpacerClose
0.85
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 1,351.70m £11.49m 300,000

52 Week High 1.88 52 Week High Date 26-FEB-2018
52 Week Low 0.66 52 Week Low Date 22-DEC-2017

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
21 2,929,905 886,333 -4.250 -0.20 0.00 0.00


London South East Users info for Nu-oil & Gas




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

22-Oct-18
16:05:12
0.86
173,488
Buy* 
0.84
0.86
1,492
Trade Type:
Ordinary

22-Oct-18
15:26:11
0.86
50,000
Buy* 
0.84
0.86
430.00
Trade Type:
Ordinary

22-Oct-18
15:23:42
0.851
211,803
Sell* 
0.85
0.88
1,802
Trade Type:
Ordinary




View more Nu-oil & Gas trades >>

Directors Deals for Nu-oil & Gas (NUOG)
Trade DateActionNotifierPriceCurrencyAmountHolding
28-Feb-17Placing
Trade Notifier Information for NU-Oil And Gas
Alan Minty held the position of Executive Chairman at NU-Oil And Gas at the time of this trade.
 Alan Minty
0.5GBX5,000,00012608911
28-Feb-17Placing
Trade Notifier Information for NU-Oil And Gas
Nigel John Burton held the position of CEO at NU-Oil And Gas at the time of this trade.
 Nigel John Burton
0.5GBX4,000,0004000000
28-Feb-17Placing
Trade Notifier Information for NU-Oil And Gas
Francis (Frank) Paul Jackson held the position of Non-Executive Director at NU-Oil And Gas at the time of this trade.
 Francis (Frank) Paul Jackson
0.5GBX2,000,0002000000
View more Nu-oil & Gas directors dealings >>


Benjdroid
Posts: 566
Opinion:No Opinion
Price:0.85
Bent
Mon 23:54
No your right It was a shuttle tanker, excuse me on that point, was a long time ago, your point though is out of date now regarding a jack up, a FPSO could be put to used very effectively and quickly if one was available.. personally I see a FPSO a better solution than a jack up in this scenario, I’ve worked on plenty in the North Sea, if bently was to go live I would be surprised if a rig was chosen over one initially. Personally I hope it’s not bently, it’s got bad joo joo.
seadog5
Posts: 1,584
Opinion:No Opinion
Price:0.85
RE: tweets
Mon 23:30
https://www.energyvoice.com/oilandgas/north-sea/173242/whalsay-chief-to-pick-development-concept-for-bentley-in-q3/

According to chief executive Paul Warwick, the company is choosing from “two-and-a-half” different options for the Bentley asset.

Mr Warwick, formerly of Talisman Energy and ConocoPhillips, said a new platform or floating production, storage and offloading (FPSO) vessel were both possibilities.

Whalsay would have preferred the cheaper option of tying Bentley back to existing infrastructure, but
conceded that such an outcome looks unlikely.

Existing installations are too far away or do not have enough capacity, leaving Whalsay to look for a “Bentley specific solution”.

Mr Warwick said the Kraken field only recently came on stream and that its vessel would be “full for a long time”.

Equinor’s Bressay field, the closest to Bentley, has been put on the backburner while the Norwegian major focuses on Mariner, which is expected to start up later this year.

Mr Warwick said: “Equinor is a very sensible company. They do not want to do two major projects at the same time, so we are going ahead with our own solution. A platform and FPSO are in the mix.”

Aberdeen-based Whalsay has evolved from Xcite Energy Resources (XER), a wholly-owned subsidiary of Xcite Energy, the company which was liquidated before it could develop Bentley.

It is now owned by Cayman-Islands-registered Whalsay Energy Holdings (WEH), which in turn is owned by the former bondholders
of XER.

Mr Warwick said Whalsay was “thinking about the future”, while keeping “an eye on the past”.

He is “reasonably positive” about the progress Whalsay has made since it was granted a four-year licence extension on Bentley last year.

Mr Warwick said Bentley must deliver full life cycle costs of less than $35 per barrel. He could not yet say what the overall cost of Bentley would be, but stressed the firm intended to “deliver something realistic”.

Bentley will have to be a multi-phase development. “We won’t be doing 300 million barrels in phase one,” Mr Warwick said.

The company went back to the drawing board and created an independent team to critique the work it is doing. A third-party company has also been hired to assess Whalsay’s efforts.

“We’ve done the work in a focused way to make sure we can say to the owners that, at this stage, it is reasonable for them to continue funding us. There’s always a choice, but there’s no fundamental reason not to,” said Mr Warwick.

“We have done the subsurface part and can proceed on that. We are currently working on number of development concepts.

“We are keeping our options open so that we do not tie ourselves into a solution that does not work.

“We hope to reach selection of concept in the latter part of summer – in the third quarter, probably.”

Whalsay is a new company with new owners, but some figures from the Xcite days have been kept on, including chief financial officer Andrew Fairclough.
SecretBlueprint
Posts: 524
Opinion:No Opinion
Price:0.85
RE: tweets
Mon 23:03
The extended/production well test at Bentley did not use a FPSO. It used a jack up rig called the Rowan Norway, modified in Dundee. The jack up exported to a tanker preloaded with diluent. Maybe a FPSO is a better solution, but that wasn't the field development plan....it was another jack up from COSL.
Benjdroid
Posts: 566
Opinion:No Opinion
Price:0.85
RE: tweets
Mon 22:51
If those tweets are of substance SB they may well be referring to the Bentley oil field, the mature basin and maximise recovery comments to me relate to the large untapped reserves of “heavy oil” which historically have been difficult to extract using conventional methods since the 1970s, the technology has been developed and proven to extract efficiently by non other than Xite energy who where to my knowledge the last to operate the field to production, at the time they used a FPSO to recover a decent amount and sell to market but the costs involved etc proved to much for them to continue, the OSX3 links, to me, relate directly to this.. possibly totally of the mark, but recent developments, and those tweets seem to hint at Bentley or neibouring fields with untapped heavy oil, and logically would be a prime target for the consortium, especially as some of group would be more than familiar with the processes involved. The best part being reserves and seismic data is already available for costing, there is plenty of data already including multiple drilling zones and subsea infrastructure. For those that don’t know XEL traded at £1 on this field, it is a huge zone and would be a prime target, I feel we’ve had hints Bentley is a possible target and those tweets seem to further confirm that, having held XEL shares I can see the reasoning, with a competent team the field could finally be brought online properly and done well it would be massive, more than most would imagine, plus it’s possible the field is interconnected, further increasing bookable reserves. Time will tell, I really hope we get some good news soon.
WOBWAT
Posts: 2,727
Premium Chat Member
Opinion:No Opinion
Price:0.85
RE: tweets
Mon 22:46
Years not year regarding minty
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