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Agreed..couldn't have put it better myself. Last chance saloon to provide something tangible very soon. Disappointed with Scotty but maybe Minty holds power!!
Time for an honest update. This was stated a year ago. What is the cutrent position? Continued focus won't cut it! ..........Continuing focus on the development of portfolio through Marginal Field Development Company Ltd ("MFDevCo"), in which the Company has a 50% interest; · Securing the first project via MFDevCo remains the priority and good progress has been made with respect to achieving this in the short term;
Secondary public offering announced on their website.
WILL IT BE MORE EXCIYING THAN 2018 What happened to #excitingtimes?? 29 March 2018 Nu-Oil and Gas plc ("Nu-Oil" or "the Company") Interim Results for the six months ended 31 December 2017 Nu-Oil, the independent Oil and Gas company, today announces its unaudited interim results for the six months ended 31 December 2017. Key points: · An application for the next phase of the work programme on PL2002-01(A) has been submitted to the regulator for approval; · Continuing focus on the development of portfolio through Marginal Field Development Company Ltd ("MFDevCo"), in which the Company has a 50% interest; · Securing the first project via MFDevCo remains the priority and good progress has been made with respect to achieving this in the short term; · During the period, the Company raised £1,419,200 (gross) through both a placing and the exercise of warrants; · Post year end, the Company raised £1,560,000 (gross) through both the placement of shares and exercise of warrants; · The Company reports a loss of £916,000 for the period, which, on an annualised basis, is broadly comparable with the loss made over 2017. The main area of expense has been the continued implementation of the marginal field strategy; and · Canadian operations have been reduced to a minimum, primarily through the agreements with PVF Energy Services ("PVF") and G2 Energy Inc. ("G2"), under which direct costs of Nu-Oil's Canadian assets are covered by those parties. Directly incurred costs in Canada for the period were £11,000. Nigel Burton CEO of Nu-Oil commented: "Nu-Oil has seen a strong turnaround over the last 18 months. The Company's general financial position is steadily improving, activity continues on its assets in western Newfoundland, on which we wait for the results of the production test which is expected to commence shortly. The Company has raised funds which it anticipates will allow it to conduct vital work in marginal field acquisition and we look forward to being able to share the results of that work in due course."
Good old fashioned work in motion study would probably horrify us. He seems to have little sway with Mfdevco publicity so I assume he's paid part time now?? I would imagine it would be shocking to see his calendar.
Resurrection trumps RIP.
What are Marnavi currently doing for Nu-oil? What are Siemens doing for Nu-oil? What are Aker doing for Nu-oil? What are Royal Eagle doing for Nu-oil? And of course other older so called consortium members. Something needs to happen soon..!!
Mfdevco still tweeting...GTW..???
Time for waffle to end and Comms to massively improve. Suggest we all email Simon with urgency...better than waffle.
Still well under my buy in. Believed the lies having done research but didn't account for African Nuog time scales...I.e. whenever!!
At least it's not a one trick pony punt!
I think IVO could be in for a nice bonus.
Agreed...I wasn't saying directors just you could make something of a posting.
Try looking again on the overview tab for March 5th 2019....9 comes after 8 ...or did at my school.
Did you notice the MFD Brazil holding update as well.. Maybe you can make something of that if you can't sleep later.
Forgot to say...and the world will end tonight. Get real!!
RNS 24TH JANYARY The Company is pleased to announce the appointment of Graham Scotton as Executive Chairman of the Company and as Deputy Chairman of MFDevCo, the Company's 50%-owned joint venture, with effect from 28 January 2019. Graham will replace Alan Minty, who has stepped down from the role of Executive Chairman and as a Director of the Company with immediate effect. Frank Jackson has been appointed as Acting Chairman until Graham takes up his position.
And the point is?? You are right and LT wrong....not sure LT will lose sleep over that tonight...Try again.
So Marbur05 your goal for the week..to get the SP below 0.6 or 0.5? Good luck!! Is the 05 your mental age or the price you want to buy at?
Note to self..marbur...email the question to Simon Monday morning. Post on board once answered.