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Nu-Oil to raise £0.25m via open offer

Fri, 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.The AIM-traded firm said a total of 12,445,378 treasury shares were excluded from the Open offer entitlement.It posted a circular to shareholders on Friday."At the company's AGM, held on 25 January, the board committed to shareholders that the company would accompany any placing which used the share authority available with an open offer of an equivalent amount and on the same terms as the placing," the directors of Nu-Oil said in their statement."The open offer fulfils that commitment, following the placing announced on 29 March."
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9 Sep 2020 12:15

Nu-Oil reports positive progress on reverse takeover work

(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.

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17 Mar 2020 15:10

Nu-Oil shift focus amid crude price volatility

(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.

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21 Oct 2019 12:07

Nu-Oil returns equity held in Enegi Oil under Newfoundland law

(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.

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9 Aug 2019 11:28

Alexander Mining Raises GBP475,000; Appoints Ex-Nu-Oil CEO To Board

(Alliance News) - Alexander Mining PLC said Friday its has raised GBP475,000 in a placing, the proceeds of which will go towards working capital and business development purposes.Alexander

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19 Jun 2019 12:01

WINNERS & LOSERS SUMMARY: Saga Down As It Cautions On Tour Operations

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - up 1.6%. The equipment rental firm was extending

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3 May 2019 13:48

Nu-Oil & Gas Shareholders Only Take Up Half Of Open Offer Shares (ALLISS)

LONDON (Alliance News) - Nu-Oil & Gas PLC has received acceptances for just over half of shares in its open offer announced mid-April, the firm said Friday.Shareholders took up 43.4 new

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12 Apr 2019 11:03

Nu-Oil & Gas Launches Open Offer Of Shares For Up To GBP250,000 (ALLISS)

LONDON (Alliance News) - Nu-Oil & Gas PLC on Friday said it has launched an open offer to raise up to GBP250,000 to help find some acquisitions.The company will issue up to 83.3 million

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29 Mar 2019 13:28

Nu-Oil & Gas Raises GBP250,000 Via Placing, First Half Loss Widens (ALLISS)

LONDON (Alliance News) - Nu-Oil & Gas PLC on Friday said its loss widened slightly in the first half of its current financial year as it assessed potential revenue streams from Canadian and it

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21 Feb 2019 11:36

NU-Oil And Royal Eagle Sign Partnership To Evaluate Potential Projects

LONDON (Alliance News) - Nu-Oil & Gas PLC said on Thursday its 50% joint venture Marginal Field Development Co has signed an exclusive partnership with investment company Royal Eagle Capital a

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21 Feb 2019 10:35

Nu-Oil shares fall as joint venture enters agreement with Royal Eagle

(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.

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12 Feb 2019 10:04

Nu-Oil and Gas' joint-venture partners up with Siemens

(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

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25 Jan 2019 09:26

Nu-Oil's MFDevCo enters collaboration with Marnavi Offshore

(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.

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24 Jan 2019 14:54

Nu-Oil & Gas Appoints New Executive Chair Amid Board Shake-Up

LONDON (Alliance News) - Nu-Oil & Gas PLC on Thursday announced a number of changes to its board, including the appointment of a new executive chair.The development and production firm

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28 Dec 2018 10:13

Nu-Oil losses widen, but board confident of future revenue

(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.

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