Nu-oil And Gas Share Discussion Threads

[easwarareddy] 21/12/2016 08:05

Up 24 percent already! !!! Buy pat! Not to late. Better in than in sidelines!

[comedy] 21/12/2016 08:03

oh about to go mental at last...news waiting for:)

[comedy] 21/12/2016 08:02

i was wrong there must be fat bloke in red in sky ?:)

[comedy] 21/12/2016 08:01

fantastic deal:)

[comedy] 21/12/2016 08:00

about to explode!!!!!:::)))

[jayrh] 21/12/2016 08:00

That's what you get for chasing rainbows....

[the patient investor] 21/12/2016 07:54

Taxi u r right :-(

[guyswonga74] 21/12/2016 07:51

Wishful thinking TPI but I do agree it will spike

[the patient investor] 21/12/2016 07:50

I must say that im impressed by taxi's deep knowledge

How long have u followed oilers

Meanwhile all the very best to you guys

[taxibabe] 21/12/2016 07:50

Mr PI you blow hot and cold like the wind. In any event you cant buy back cause you have not sold your other investment made yesterday.

[pj787] 21/12/2016 07:49

Lets see how the market reacts to this upbeat news...

[taxibabe] 21/12/2016 07:47

A patient investor should always be rewarded Mr PI

[guyswonga74] 21/12/2016 07:42

Cash burn only 575k so no need for funds until middle of next year, when the share price will be well over 1p

[guyswonga74] 21/12/2016 07:41

No wonder Nigel sounded so upbeat in his email yesterday. Nothing now to stop the directors buying in also, great way to end 2016. 2017 is nuog year.

[marvel66] 21/12/2016 07:40

Love this bit!! "We hope to be able to secure a project in short order. It is plainly obvious that the successful acquisition of a project will be transformational to the Company in numerous ways, including in terms of shareholder value, credibility of the business model and profile of the business model's participants"

[guyswonga74] 21/12/2016 07:36

This is Christmas come early. Market makers already marking the stock up to 45/48

[danroe] 21/12/2016 07:34

Another 1 added to the Gold Bucket of Nuog. If i recall the Shoal Point discovery over a billion barrels of oil. Even retaining 5% is good with out having to do the work..
Got this from 14 May 2011,a while back but gives us an idea ..From Tedules. Who i think went on to work for than Eneg.
..I think probably not - turning the Shoal Point Licence, EL1070, into a Significant Discovery Licence is probably more important to Eneg than Garden Hill. Two reasons: 1. The conventional play they are after in 1070 is in the same geological trend as the Garden Hill plays, and is thought to be the source of the oil that has migrated to Garden Hill. As such, it has long been thought that it could be several times the size of the Garden Hill reservoirs. 2. The Green Point Shales lap on to Eneg's 2002 - 1, and if they prove to have the potential that CIVC and SPE believe, then proving them up ought to have a serious effect on Eneg's share price

A lot still to play for, and I think things will move quickly when they start to move..

Regards
Tedules

[easwarareddy] 21/12/2016 07:32

Nu-Oil and Gas PLC Results for the year ended 30 June 2016Source: UK Regulatory (RNS & others)TIDMNUOGRNS Number : 4191SNu-Oil and Gas PLC21 December 2016NU-OIL AND GAS PLCAIM symbol: 'NUOG'21 December 2016NU-Oil and Gas plc("NU-Oil" or "the Company")Results for the year ended 30 June 2016NU-Oil, the independent Oil and Gas Company, today announces its results for the year ended 30 June 2016.HIGHLIGHTSBuilding a portfolio of Stranded Fields:-- Continuing focus on the development of stranded and marginal fields through the investment in, and relationship with, Marginal Field Development Company (MFDevCo) Ltd.(formerly ABT Oil and Gas Ltd.) in which the Company holds a 50% interest.-- MFDevCo has developed the MFD Consortium, which is a group of major industry service companies and equipment suppliers, including Aibel, Arup, Kongsberg, Frames and AGR as key members, which have the recognised expertise to deliver key aspects of the marginal field engineering solution.-- Strategy focused on utilising engineering solutions that reduce both Capex and Opex and are redeployable to build a portfolio of low risk, highly appraised marginal assets.-- The marginal field portfolio that was acquired before the oil price fall of 2014 was uneconomic at the current oil price and has been relinquished. The Company has provided for all liabilities with respect to these assets. -- The Company is actively seeking new assets in conjunction with MFDevCo. Other Projects:-- Having considered the performance of the Group's Canadian assets in the year and the general economic environment affecting the sector, it is Management's view that the funds necessary to develop these assets are unavailable and therefore we have been seeking alternative means by which these assets can be taken forward.-- The Group has entered into Heads of Agreement for PL2002-01(A) and an Option Agreement for EL1070. The principle behind each transaction is that we remove the costs of our Canadian operations from our budgetary requirements, while still allowing investment into the project and an ability to share in any success generated by that investment.Financial: -- Loss before tax for the year was GBP816,000 (2015: GBP5,274,000). -- The Group has a net liability position of GBP3,239,000 (2015: GBP2,899,000). The net liabilities mainly relate to the loan owed to Shard Capital Management and to related party creditors. At this time neither Shard nor related parties have sought to recover these debts and it is expected that they will continue to support the Group.-- The status of commercial discussions on a number of projects provide management with the confidence that the business model has global potential and that the Group can satisfy its liabilities and operate as a going concern.-- During the year the Company raised GBP435,000 (before expenses of GBP58,000) through the placement of shares.-- Post year end, the Company raised GBP1,232,000 (before expenses of GBP123,000) through the placement of shares.OUTLOOK -- Clear focused strategy for commercialising stranded and marginal fields. -- Recent enquires provide directors and management with confidence regarding the viability of the business model and provide confidence that the Company can add further projects to its portfolio.-- The notice of Annual General Meeting ("AGM") will be posted today with the AGM to be held on 16 January 2017.Nigel Burton, CEO of NU-Oil, commented:"During 2015-16 and since, we have minimised costs so as to preserve resources against a difficult industry background. I would like to thank shareholders for their support, which has enabled us to raise sufficient funds to provide working capital for the Company and allow it to continue with its marginal field strategy. Significant progress has been made in establishing and strengthening the MFD Consortium and we are actively working on a number of significant opportunities to enable us to implement the MFD strategy."The full Report and Accounts for the year ended 30 June 2016 and the notice of AGM is available to download from the Company's website at www.nu-oilandgas.co.uk and both documents will be posted to shareholders today.Enquiries:NU-Oil and Gas plc

[easwarareddy] 21/12/2016 07:31

Ooow another rns just out!

[easwarareddy] 21/12/2016 07:30

3 news rns expected this week

[easwarareddy] 21/12/2016 07:30

Ah positive as ever taxi i see. Should never send u in to present an rns lol.

[pj787] 21/12/2016 07:29

Excellent news onwards and upwards... I believe there is more news to come...