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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 |
TIDMNUOG
RNS Number : 0280F
Nu-Oil and Gas PLC
15 February 2018
15 February 2018
Nu-Oil and Gas plc
("Nu-Oil" or the "Company")
Exercise of Warrants
The Company announces that it has received an exercise notice from Island Investments Holdings Limited for the exercise of 15,000,000 warrants over ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") at an exercise price of 0.40p per warrant.
Total Voting Rights
Application has been made for admission of these 15,000,000 new Ordinary Shares to trading on AIM ("Admission") and it is expected that Admission will take place at 8.00 a.m. on 21 February 2018. Following Admission, there will be a total of 1,233,592,348 Ordinary Shares in issue. As per the announcement of 23 December 2013, the Company holds 12,325,378 Treasury shares. Shareholders should therefore use the figure of 1,221,266,970 as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Enquiries
Nu-Oil and Gas plc Simon Bygrave Tel: +44 (0)161 817 7460 Investor Relations & Communications Nigel Burton Tel: +44 (0)7785 234447 Chief Executive Officer Strand Hanson Limited Tel: +44 (0)20 7409 3494 Rory Murphy/Ritchie Balmer/Jack Botros 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
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 company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
February 15, 2018 07:30 ET (12:30 GMT)
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