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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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7 Aug 2018 12:00

Nu-Oil's Enegi making progress on 'more complex' farm-in agreement

(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.

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7 Aug 2018 10:19

Nu-Oil Subsidiary Continues Discussions Over Canadian Field Farm-In

LONDON (Alliance News) - Nu-Oil and Gas PLC said Tuesday that its unit Energi Oil Inc is continuing discussions with PVF Energy Services Inc regarding a potential farm-in in the Garden Hill field

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24 May 2018 16:02

Nu-Oil & Gas Ink Preliminary Farm Out Pact For Canadian Oil Lease

LONDON (Alliance News) - Nu-Oil & Gas PLC said Thursday that unit Enegi Oil Inc has signed a preliminary agreement for PVF Energy Services Inc to farm into Production Lease 2002-01(A) located

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15 May 2018 12:20

Polemos Appoints Nu-Oil & Gas Chief Executive As Chairman

LONDON (Alliance News) - Investment company Polemos PLC said on Tuesday it has appointed Nigel Burton as chairman with immediate effect.He will be replacing Hamish Harris, who has resigned

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8 May 2018 13:23

Nu-Oil Receives Department Of Natural Resources Approval To Start Test

LONDON (Alliance News) - Development and production firm Nu-Oil & Gas PLC said Tuesday that the Department of Natural Resources approved the company's program for a production test at Oil

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29 Mar 2018 15:00

Nu-Oil & Gas Interim Loss Widens As It Pursues Marginal Field Strategy

LONDON (Alliance News) - Nu-Oil & Gas PLC said on Thursday its loss widened in the first half of its financial year, largely due to the costs of the continued of its field

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15 Mar 2018 11:15

Nu-Oil & Gas Raises GBP1.5 Million In New Equity Placing (ALLISS)

LONDON (Alliance News) - Nu-Oil & Gas PLC said Thursday it raised GBP1.5 million through an oversubscribed placing after cancelling an earlier, larger due a

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13 Feb 2017 11:35

Nu-Oil & Gas says G2 Energy completes due diligence on EL1070

(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

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6 Feb 2017 09:08

NU-Oil raises £2.05m to invest in Canada assets

(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

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21 Dec 2016 12:24

Nu-oil & Gas reduces FY loss, raises need for additional capital injection

(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

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19 Feb 2016 09:52

Farm-in triggered for NU-Oil investment

(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

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13 Nov 2015 14:18

Nu-Oil and Gas plunges after placing

(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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