Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Perhaps we're in for two companies being RTO'd!?
"has led to the development of a portfolio of other potential projects, two of which are now being actively progressed by NUOG which is now in advanced negotiations with the respective counter parties involved."
Hi it would have been nice if we had been given the chance to see what exactly was the terms. We as share holders could have voted on it
Awesome! Gary always seemed genuine to me, was worth a small punt. Budget today and it's all about green initiatives..
Reading the RNS i would not be surprised if there was an annoucement sooner than later
Hopefully one day they will do something other than disappointing us
Can only hope them and Seadog have contracted some sort of perpetual toothache
I really wish I hadn’t agreed ‘mutually acceptable terms’ when I hit the buy button on this absolute pile of carp!
Minty and Burton May be gone but it’s still a joke!
GLA
Nu-Oil and Gas PLC (AIM:NUOG), the AIM Rule 15 cash shell, updates shareholders that the proposed transaction, as announced on 14 April 2020, is no longer proceeding despite efforts to agree mutually acceptable terms.
NUOG's search for independent projects, of which the proposed transaction referred to above was one, has led to the development of a portfolio of other potential projects, two of which are now being actively progressed by NUOG which is now in advanced negotiations with the respective counter parties involved.
The Company was designed an AIM Rule 15 cash shell on 4 November 2019. In accordance with the provisions of AIM Rule 15, the Company's Ordinary Shares therefore remain suspended from trading on AIM until an AIM Admission Document is published in respect of a reverse takeover transaction.
The Board remains confident that it will conclude a transaction which will constitute a reverse takeover within the stipulated timeframe under AIM Rule 15 and will update shareholders accordingly.