19 Feb 2018 13:00
19 February 2018
Nu-Oil and Gas plc
("Nu-Oil" or the "Company")
New Corporate Website
The Company is pleased to announce that its new corporate website will be launched overnight on Monday 19 February 2018. There may be some interruption to the website from 5pm on 19 February as the transition occurs; we apologise for any inconvenience this causes.
The new website can be found at www.nu-oilandgas.com. Anyone using the previous website address www.nu-oilandgas.co.uk, will be automatically redirected to this new site.
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
The Company
Nu-Oil is a 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 thoroughly appraised fields located in basins with stable political and regulatory regimes. By doing so Nu-Oil minimises exposure to the risks associated with frontier plays, particularly exploration and appraisal risks.
Nu-Oil's 50% owned subsidiary, Marginal Field Development Company Ltd. ("MFDevCo"), 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 ("the 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.
www.nu-oilandgas.com