Nu-Oil and Gas PLC – MFDevCo collaboration agreement with Petrofac
Nu-Oil is pleased to release the following announcement from Marginal Field Development Company Ltd., the Company’s 50%-owned joint venture.
Nu-Oil is pleased to release the following announcement from Marginal Field Development Company Ltd., the Company’s 50%-owned joint venture.
Nu-Oil, the independent Oil and Gas Company, today announces its results for the year ended 30 June 2018.
The Company announces that it has completed an oversubscribed placing of new ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”) to raise £1.5 million in total before expenses. The Company placed 130,434,783 new Ordinary Shares (the “Placing Shares”) at a price of 1.15p per Placing Share (the “Placing Price”) to raise £1.5 million (before expenses) (the “Placing”). The Placing was organised by Novum Securities Limited (“Novum”), who have been appointed as joint broker with immediate effect, alongside Strand Hanson.