16 Oct 2017 12:00
16 October 2017
NU-Oil and Gas plc
("NU-Oil" or the "Company")
NU-Oil and Gas plc win Best Performing Stock at AIM Awards 2017
The Company is pleased to announce that NU-Oil was awarded Best Performing Share at the recent AIM Awards 2017.
Best Performing Share is a factual award based on share price performance over the period of assessment, being 1 August 2016 to 31 July 2017 (the "Period"). The Company's share price increased by 1447% during the Period.
The Company would like to thank its shareholders for their continued support, as well as the award sponsors, PWC and Zeus Capital, and the AIM Awards team for this recognition.
Alan Minty, Chairman of NU-Oil, commented:
"This award recognises the Company's strong recovery and is the result of the continued commitment of the management team. We believe the Company is well positioned to achieve further success."
Enquiries
NU-Oil and Gas plc | |
Simon Bygrave Investor Relations & Communications | Tel: +44 (0)161 817 7460 |
Nigel Burton Chief Executive Officer | Tel: +44 (0)7785 234447 |
Strand Hanson Limited Rory Murphy/Ritchie Balmer/Jack Botros | Tel: +44 (0)20 7409 3494 |
Beaufort Securities Limited | Tel: +44 (0)20 7382 8300 |
Jon Belliss Elliot Hance |
Note to Editors
NU-Oil and Gas is an oil and gas development and production company, which utilises appropriate development approaches to create value from undeveloped and mature oil and gas assets. NU-Oil is building a portfolio of development and production assets with an emphasis on stranded and marginal discoveries which can be unlocked using cost-effective development solutions.
NU-Oil targets fields that have been thoroughly appraised and are located in basins with stable political and regulatory regimes; by doing so NU-Oil is not exposed to the risks associated with frontier plays, particularly exploration and appraisal risks.
NU-Oil has invested in the Marginal Field Development Company (MFDevCo), which has developed offshore production solutions that improve the economics of oil projects by significantly lowering development costs compared to conventional approaches. To implement its solutions, MFDevCo has established the Marginal Field Delivery Consortium, a group of leading global engineering specialists who provide the skills and capability required to deliver projects. NU-Oil will utilise MFDevCo solutions and the capability within the Consortium to develop and deliver its projects.