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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Nu-oil And Gas Plc | LSE:NUOG | London | Ordinary Share | GB00B29T9605 | ORD 0.0001P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0275 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMNUOG
RNS Number : 4608Q
Nu-Oil and Gas PLC
21 October 2019
21 October 2019
Nu-Oil and Gas plc
("Nu-Oil" or "the Company")
Returning of Interest in Enegi Oil Inc.
The Company announces that it has returned the equity it held in Enegi Oil Inc. ("Enegi") to Enegi with immediate effect, continuing the implementation of changes to create a new direction for the Company, as announced on 2 October 2019.
Returning the equity to Enegi has been done under the terms of RSNL1990 CHAPTER C-36 CORPORATIONS ACT (Newfoundland), which allows an investor to donate its holdings in a company back to the company in question at no charge to the company.
At 31 December 2018, being the last published consolidated balance sheet date, the Newfoundland assets had a net carrying value of approximately GBP270,000.
As a result of this action, Nu-Oil will have no further claim or call on Enegi and, furthermore, it restricts the recourse to Nu-Oil of potential claims made against Enegi.
Enquiries
Nu-Oil and Gas plc Investor Relations & Communications Tel: +44 (0)330 995 7988 Strand Hanson Limited Tel: +44 (0)20 7409 3494 Rory Murphy/Ritchie Balmer/Jack Botros Novum Securities Limited Tel: +44 (0)20 7399 9425 Jon Bellis
Disclaimer
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCGMMZGVGVGLZM
(END) Dow Jones Newswires
October 21, 2019 02:00 ET (06:00 GMT)
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