Share Name Share Symbol Market Type Share ISIN Share Description
Nu-Oil & Gas LSE:NUOG London Ordinary Share GB00B29T9605 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.055p -10.38% 0.475p 0.47p 0.48p 0.53p 0.475p 0.53p 96,745,972.00 15:39:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.8 -0.3 - 4.93

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Date Time Title Posts
27/2/201723:57NUOG - NEW MODERATED THREAD257.00
27/2/201722:37 Nu oil and gas....5,919.00
27/2/201721:00Nu-Oil and Gas 3,155.00
27/2/201720:59With an eye on the future....333.00

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27/02/2017 16:29:400.48208,125999.00O
27/02/2017 16:28:450.48200,000960.00O
27/02/2017 16:28:330.48208,125999.00O
27/02/2017 16:27:130.48208,995999.00O
27/02/2017 16:26:030.481,255,2306,000.00O
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Nu-Oil & Gas (NUOG) Top Chat Posts

DateSubject
27/2/2017
08:20
Nu-Oil & Gas Daily Update: Nu-Oil & Gas is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker NUOG. The last closing price for Nu-Oil & Gas was 0.53p.
Nu-Oil & Gas has a 4 week average price of 0.54p and a 12 week average price of 0.47p.
The 1 year high share price is 0.92p while the 1 year low share price is currently 0.06p.
There are currently 1,037,792,348 shares in issue and the average daily traded volume is 90,547,839 shares. The market capitalisation of Nu-Oil & Gas is £4,929,513.65.
27/2/2017
16:49
easwarareddy: The 48m options which are at 0.6p to be exercisable within 5 years and only then after a 9 month lock in process are for salaries not taken up from the past. Nigel Burton as an example is getting none as a reward since he only joined in Nov 15. So as an example Alan Minty gets 12m at 0.6p. If exercised today that would be £72k. However if the share price was to hit say 5p then that would be £600k. No one is going to say no to that! If Minty was just going to take £72k then he has only taken possibly less than he would have had he taken a wage in the first place. So for the directors the objective is to get the price high enough to make good use of the options. If we took Minty again as an example based on his previous options of 5m, exercisable at 16.4p, that would have brought in £820k. Now assuming again he is targetting that value into the next 5 years, he will need to see a price of around 4.1p to get the same resultant incentive from his total 20m options made up of reward and incentives. This means that we can say that the minimum target that the directors are placing on NUOG into the future is 4.1p and the tops would be lower than 16.4p (otherwise they could have kept those previous options intact instead of cancelling). I think what some want from NUOG and what is realistically achievable is slowly beginning to sink in. For me this shouts volumes....OK there is a little dilution but ultimately the directors are awarded options at a decent premium...This means they will be working extra hard to get the share price up so that they benefit from the options....We know that they are working on a aquisition, so when news lands we will get a nice spike in the share price ...Directors will no doubt want the share price higher when their options are due to be exercised....Quite obvious they didn't take wages at some point last year but kept working as they had belief in the company . People wanting that lower entry point will be out in force today based on the misconception this is bad news , but in fact its quite the opposite and those options provide an incentive for the hard working directors to get these deals over the line. If the bod are owed wages and they have taken options above the current share price then that should tell you all you need to know about where they see the future share priceJmoI've looked at the LSE chat and I guess there are several points: 1                    Options are of no value until the share price rises above the exercise price, so at the moment these are worthless2                     Directors have been given options not shares, so for example if the share price reaches 1p Directors would pay 0.6p to the company to exercise and have a gain of 0.4p if they sold3                     The value of 8m incentive options is £32,000 if the share price reaches 1p, which I imagine would make everyone happy4                     The options could not have been issued if there was a price sensitive announcement imminent5                     This would suggest that Directors are now free to purchase shares, although whether they will and when is only speculation6                     The reward options are for salary not paid in the past, including prior to the CEO joining in 2015. These options will only be worth anything if the share price goes up7                     The options give the Directors strong incentives to deliver projects which benefit the share price
15/2/2017
16:39
yogaboy: Thanks BMK1 and the same to you. My view is that NUOG in its current situation at this price (even with the recent placing) offers much more reward than risk.The placing, although horribly dilutive of the reward to come, de-risks the share price as of now. It will be frustrating if there's no news within the short term from here, but patience will be rewarded.
13/2/2017
16:40
counting cards: pj787 Hope you are well. Three guys on a BB do not have any influence on the share price. The price is completely under the business of the MM. They are commanding price direction. Sid as an example will fire off that the placing is paying wages. Is he wrong? No the placing does pay wages, "general working capital purposes." However the conversations I have had confirms they are foregoing a majority of wages to a later period. Will it stop Sid? NO. Tomorrow we will hear the same again. Why? It suits Sid agenda. At some point some poor new reader will be hooked in. This whole situation brings a smile to my face because we have everything going for us, and a business turnaround does not happens in a few weeks or even a few months. Life changing? For some it could be within the year. So a drop 1/100th here or a rise 1/100th there makes no difference. I have my finger on the buy button - for medium to long term purchase as the price has now moved back into lala territory! For a trade? very risky if someone is trying to get in and out in a couple of hours.
19/12/2016
07:10
the patient investor: Like you I'm disappointed to see the share price falling. I can't comment on what you've quoted below as I haven't seen it and don't know who might have said that, other than to say that we are in a close period as our results are due out very shortly (before Christmas) and so anything I say (positive or otherwise) could be deemed to be price sensitive and therefore inappropriate. I have responded in as much detail as possible to many other investors (including yourself) over the past few weeks to reassure them, and the only reason I'm aware of for the share price fall is that there was a large seller who finished selling about 2 weeks ago, it may be that some of what he sold is still held by brokers. Our Chairman recently did an interview about the future and I'm sure that when our results come out he will give a full update on the progress of and prospects for the business. Thanks for your patience and support. Regards, Nigel Burton Chief Executive Officer NU Oil and Gas plc 077 8523 4447 [email protected]ndGas.com
09/12/2016
09:00
the patient investor: NIGEL's REPLY to my letter YESTERDAY Like you I'm disappointed to see the share price falling. I can't comment on what you've quoted below as I haven't seen it and don't know who might have said that, other than to say that we are in a close period as our results are due out very shortly (before Christmas) and so anything I say (positive or otherwise) could be deemed to be price sensitive and therefore inappropriate. I have responded in as much detail as possible to many other investors (including yourself) over the past few weeks to reassure them, and the only reason I'm aware of for the share price fall is that there was a large seller who finished selling about 2 weeks ago, it may be that some of what he sold is still held by brokers. Our Chairman recently did an interview about the future and I'm sure that when our results come out he will give a full update on the progress of and prospects for the business. Thanks for your patience and support. Regards, Nigel Burton Chief Executive Officer NU Oil and Gas plc 077 8523 4447 [email protected]ndGas.com -----Original Message Sent: 08 December 2016 09:04 To: Nigel Burton Subject: RESULTS Good morning Nigel I am devastated by the decimation of my investment and profoundly concerned by your total lack of care for this situation. So, I could not believe my eyes when reading on a board this today: QUOTE after my long chat with NUOG yesterday one of the many positives and i quote "if we were in a position to buy shares and with what is going to be released we would certainly as directors be buying shares. sadly we are in a closed position" . UNQUOTE Can you please confirm? Many thanks
08/12/2016
15:32
the patient investor: let us read this reply from nigel to me this morning again How the hell news cannot be anything but good?? Like you I'm disappointed to see the share price falling. I can't comment on what you've quoted below as I haven't seen it and don't know who might have said that, other than to say that we are in a close period as our results are due out very shortly (before Christmas) and so anything I say (positive or otherwise) could be deemed to be price sensitive and therefore inappropriate. I have responded in as much detail as possible to many other investors (including yourself) over the past few weeks to reassure them, and the only reason I'm aware of for the share price fall is that there was a large seller who finished selling about 2 weeks ago, it may be that some of what he sold is still held by brokers. Our Chairman recently did an interview about the future and I'm sure that when our results come out he will give a full update on the progress of and prospects for the business.
08/12/2016
09:58
the patient investor: Like you I'm disappointed to see the share price falling. I can't comment on what you've quoted below as I haven't seen it and don't know who might have said that, other than to say that we are in a close period as our results are due out very shortly (before Christmas) and so anything I say (positive or otherwise) could be deemed to be price sensitive and therefore inappropriate. I have responded in as much detail as possible to many other investors (including yourself) over the past few weeks to reassure them, and the only reason I'm aware of for the share price fall is that there was a large seller who finished selling about 2 weeks ago, it may be that some of what he sold is still held by brokers. Our Chairman recently did an interview about the future and I'm sure that when our results come out he will give a full update on the progress of and prospects for the business. Thanks for your patience and support. Regards, Nigel Burton Chief Executive Officer NU Oil and Gas plc 077 8523 4447 [email protected]ndGas.com -----Original Message Sent: 08 December 2016 09:04 To: Nigel Burton Subject: RESULTS Good morning Nigel I am devastated by the decimation of my investment and profoundly concerned by your total lack of care for this situation. So, I could not believe my eyes when reading on a board this today: QUOTE after my long chat with NUOG yesterday one of the many positives and i quote "if we were in a position to buy shares and with what is going to be released we would certainly as directors be buying shares. sadly we are in a closed position" . UNQUOTE Can you please confirm? Many thanks
27/11/2016
12:06
guyswonga74: Nigel's email I also got a reply email from Nigel yesterday, interested in the point made until the placement the boards had forgone salary, I guess his response is similar to the other email replies. Whilst asking why the board do not have a holding or bought into the placing shares, Nigel wrote: – whilst it is true that none of the Board have bought shares recently, until our results for the year to 30 June are released we are in a close period and can’t buy or sell. In fact since I joined the Company in October 2015 there has never been a time when we were allowed to deal due to the commercially sensitive negotiations ongoing at various times. The real commitment of the Directors though can be seen by reading the remuneration report on page 19 of the last accounts (which are on our website but attached for your convenience), which notes that “Due to the financial position of the Company, Directors were not recompensed for the majority of their emoluments. They will be recompensed when the Company is able.” Thus the various comments on the LSE forum about excessive remuneration are ignoring the facts. The same situation has persisted until last month, so the reality is that the Directors have made significant personal sacrifices over a prolonged period right up to this month for the benefit of the Company. This part I do like when I asked about a reason for the price decline, however our nomad in my opinion should have Asked the board to make an announcement regarding the decline and that the board know of no reason for the fall (although we all know it is Alan and Beaumont still selling and a lot of panic sells) – I’m sure we are all familiar with the usual announcements issued when there’s a sudden rise or fall in a share price, these are required by AIM or the Nomad when there’s a material cause for concern. If we knew of a reason for the recent change in share price then we’d announce it, and if we are advised to make an announcement we will do so promptly.
27/11/2016
09:23
the patient investor: Nigel seems a decent man. He answered me on Sunday am!! Dario, Thanks for contacting me. As you’ll be aware, I’ve answered the same questions 3 times already yesterday, and your friends have posted my answers on the LSE bulletin board. I’m sorry you find my answers weak, but if you were a Director of an AIM listed company you’d understand what we can, should and cannot say – others have found what I say reassuring. I’m afraid I don’t understand the logic of your point about the timing of the announcement and placing – once the Aibel agreement was signed we were obliged to announce it as soon as possible, and did so. We could not have announced the placing at the same time as it was only after the market reacted to the announcement that it became possible to raise funds. You suggest that we could or should have raised funds before announcing the Aibel agreement, but the rules about price sensitive information mean that would be impossible. Whilst you are right that any placing causes dilution, these funds are needed to be able to implement the business plan so it was clearly in the interests of all investors to raise funds – the fact that, despite the slide in the last 10 days, the share price is still more than 5 times the level for most of August and September suggests that the market understands that too. Now that I’ve given you and your friends the fullest answers possible I don’t plan to make any further responses given the imminence of our results announcement. Regards, Nigel Burton Chief Executive Officer NU Oil and Gas plc 077 8523 4447 [email protected]ndGas.com From: P Sent: 26 November 2016 22:39 To: Nigel Burton Subject: NUOG's future Dear Mr Burton I am a share holder of your Company. I believe in your business model. The agreements with key operators in the industry published by you in the last months sound very promising. They are amongst the reasons why I invested in your company. However, discussing with other fellow shareholders we feel a great degree of disappointment and profound concern on how you are conducting your relationship with us and the market. There are various disappointing facts that are rather discouraging, if not worrying. First of all, we are not happy with a total lack of financial commitment by any of the directors. We would welcome an explanation of this. Your financial commitment will give you some credibility and us some reassurance. Not having invested your own money because you are in close period, ahead of results, is a ridiculous excuse. After 14 months you and the BOD should have developed some conviction about what you are doing, about the company your are leading, and the true potential of your projects. The fact you have not invested is worrying. Secondly, the share price’s decline seems unmotivated, considering that no official detrimental news have been published to trigger this decline. It is of great concern that you have not taken any action in giving the market an explanation for this decline. A simple statement of reassurance would have reduced this problem. It is very common practice in many companies. It was in your power and it would show that you care about your share holders. You failed to take this simple but potentially very beneficial action. Thirdly, they way you managed the publication of your placements, was badly timed, to use a euphemism. You published great news on the 5th of October which triggered a spike on the share price which encouraged many investors to buy and the day after you came up with your first placement/dilution news which destroyed the price. Not a very "elegant" move. You could have done it in a different way, very easily, by combining the two news. There was no honest logical reason for not doing it. There was no honest reason to use that sequence. There was no urgency to publish the news of the Aibel deal on the 5th. The two news together would have probably cancelled each other. Or, should you have reversed the order of publication it would have been even better. I am not even going to mention that you came up with yet another placement just a week later. Beyond belief. You showed total disrespect for the inevitable damage to your shareholders. I would welcome your feedback and, as we are disappointed about the endless delay of an update to the market of your activities, we would appreciate if you could rectify this situation soon. I am aware of your reply to one of our fellow shareholders. Quite a weak reply with very vague statements. Saying that there is no point in publishing minor updates is wrong when you know that share prices are hugely supported by reassurance of the market and by the general positive sentiment induced by a caring directorship. Especially, I am stating the obvious, when the price is in free fall. Again, you failed on this point too. You may say you have no official obligation to perform any of the actions listed above. You may be right. However, I believe you do have the obligation to work in the interest of your shareholders and doing what you failed to do would have proved that you do care about them. Thank you for your attention. Best wishes.
26/11/2016
22:39
the patient investor: I SENT THIS EMAIL A MINUTE AGO Dear Mr Burton I am a share holder of your Company. I believe in your business model. The agreements with key operators in the industry published by you in the last months sound very promising. They are amongst the reasons why I invested in your company. However, discussing with other fellow shareholders we feel a great degree of disappointment and profound concern on how you are conducting your relationship with us and the market. There are various disappointing facts that are rather discouraging, if not worrying. First of all, we are not happy with a total lack of financial commitment by any of the directors. We would welcome an explanation of this. Your financial commitment will give you some credibility and us some reassurance. Not having invested your own money because you are in close period, ahead of results, is a ridiculous excuse. After 14 months you and the BOD should have developed some conviction about what you are doing, about the company your are leading, and the true potential of your projects. The fact you have not invested is worrying. Secondly, the share price’s decline seems unmotivated, considering that no official detrimental news have been published to trigger this decline. It is of great concern that you have not taken any action in giving the market an explanation for this decline. A simple statement of reassurance would have reduced this problem. It is very common practice in many companies. It was in your power and it would show that you care about your share holders. You failed to take this simple but potentially very beneficial action. Thirdly, they way you managed the publication of your placements, was badly timed, to use a euphemism. You published great news on the 5th of October which triggered a spike on the share price which encouraged many investors to buy and the day after you came up with your first placement/dilution news which destroyed the price. Not a very "elegant" move. You could have done it in a different way, very easily, by combining the two news. There was no honest logical reason for not doing it. There was no honest reason to use that sequence. There was no urgency to publish the news of the Aibel deal on the 5th. The two news together would have probably cancelled each other. Or, should you have reversed the order of publication it would have been even better. I am not even going to mention that you came up with yet another placement just a week later. Beyond belief. You showed total disrespect for the inevitable damage to your shareholders. I would welcome your feedback and, as we are disappointed about the endless delay of an update to the market of your activities, we would appreciate if you could rectify this situation soon. I am aware of your reply to one of our fellow shareholders. Quite a weak reply with very vague statements. Saying that there is no point in publishing minor updates is wrong when you know that share prices are hugely supported by reassurance of the market and by the general positive sentiment induced by a caring directorship. Especially, I am stating the obvious, when the price is in free fall. Again, you failed on this point too. You may say you have no official obligation to perform any of the actions listed above. You may be right. However, I believe you do have the obligation to work in the interest of your shareholders and doing what you failed to do would have proved that you do care about them. Thank you for your attention. Best wishes.
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