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 Shares Traded Last Trade
  -0.04p -3.54% 1.09p 2,583,188 08:34:00
Bid Price Offer Price High Price Low Price Open Price
1.08p 1.10p 1.13p 1.09p 1.13p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -1.7 -0.2 - 14.73

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Date Time Title Posts
23/5/201809:42NUOG - NEW MODERATED THREAD9,393
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13/4/201800:22NUOG Genuine posters only. no fake news thief 4
13/4/201800:22With an eye on the future....377

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DateSubject
23/5/2018
09:20
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 1.13p.
Nu-Oil & Gas has a 4 week average price of 0.93p and a 12 week average price of 0.93p.
The 1 year high share price is 1.88p while the 1 year low share price is currently 0.26p.
There are currently 1,351,701,753 shares in issue and the average daily traded volume is 14,904,484 shares. The market capitalisation of Nu-Oil & Gas is £14,733,549.11.
22/5/2018
20:15
ssrover: anyone who knows the aim market knows that when Nuog goes on a run it really goes on a run (candlesticks and charts now screaming buy). In the last couple of years this is one of the very best performing shares in terms of price and hate it or love it (noted a few who don’t believe openly state that on twitter buy in) as they, like many know good returns can be made here in a few weeks and we are not talking about a 10 or 20 percent return. Nuog is one of the most followed shares on aim about and many will be watching wanting a piece of the action. The difference this time is 1) flow rates/farm in is so obviously coming and currently this isn’t even half factored in to current mcap and we could get a nice surprise here 2 ) all the pieces in terms of board, expertise, setup, consortium with mfdevco, plan, targets - Brazil/North Sea are firmly set and in place - I know we have heard short order etc a few times but things really do look close now and with an over stringent nomad to get statements like that past them and to a sceptical market believe now is the time to deliver and there is clearly substance this time add to that 3) cash in bank - big placing out the way so no worry about that rns 4) warrants left to call upon at absolute minimum so the mms can’t get them to get out of trouble. 5) don’t discount a wildcard coming in or even EL or Helvick/Dunmore that would add substantial value. Once/if any of the suspected deals come in the market will wake up, believe, climb and more success would and finally we can accept and believe the word transformational when we we look at the share price and outlook. Things could really start heating up - mind the pun- with summer coming and Nuog having a history of 7am rns we could all wake up one beautiful morning to a nice 100% plus rise to start things off. Remember we are still just below placing price and someone was happy to take chunks at 1.15. As ever dyor it’s all out there and make your own opinions.
01/5/2018
13:13
taxibabe: With NUOG no news equals a falling a share price. Perhaps that's why it's dropped from £2.80p to 1 pence ?
24/4/2018
14:30
chinadog3: What, if any, developments on game changing news? What news on NF? Have we been taken for a ride in the last 2 fund raisers? If Nuog cannot get one of several hot prospects over the line after all this time will it ever? If it does, will Nuog be taken over at a modest premium to the then share price. In short what do we private shareholders actually know? Incredibly frustrating.
23/3/2018
11:06
noramps: It has been the same story since the early days of Enegi. Much promise, no delivery. The share price even hit the 20s or so, so long ago its hard to remember. But it rose on nothing but sentiment - not delivery. This Im afraid is the same pattern unfolding in NUOG (promise, potential but nothing firm) and its interesting how some posters are desperate to state over and over again that Enegi isnt NUOG. Well it has many of the same faces there and the MO seems the same, the results to date certainly seem the same = 0 Maybe just by sheer chance they will actually deliver something tangible. I actually hope so as this shower have sucked in and spat out enough people along the way, including long time ramper Intoorbit who I do not believe is Mbev/Seadog. Totally different style. Same lengthy tedious and repetitive posts that pretend to be balanced but are nothing of the sort. As usual though the lack of knowledge of so called researched investors as to the history of these companies is staggering, still get the 'well PVF wouldn't be out at GH if they didn't think they could get it flowing" etc etc Well you know what, that was all said about Schlumberger and they are not a little outfit are they. And we get that now re Aker, well they wouldnt be involved unless etc. Its stuff for the weak minded. Well I suspect the next 6 months are make or break. No doubt if it gets much lower someone will suddenly had spoken to Simon, the BOD, x,y,z and they said...same old same old..
05/3/2018
09:30
1barnes: Don't deny that they could surprise everyone and pull off what they say they could and the share price would be big compared to now but history suggests this wont be the case. Who would buy in now when the board have said they have no idea where the money is or if it will take place and may have to do another placing or get finance elsewhere which will have another negative spin on the share price foolish to buy in or keep heavily invested, best option is to stay in cash or short right now
27/2/2018
12:04
bumpa33: Nu-Oil and Gas (NUOG) seems to be one of those AIM shares which periodically finds favour with private investors, despite never actually having achieved anything of note other than burning through investors cash over the years. Going right back to its previous incarnation as Enegi, it would go through spells where it suddenly became popular and saw a sharp rise in the share price, only to then drop back when that was never backed up by actual news. It seems to be following the same pattern again, as it has recently risen from around 0.75p at the end of 2017 to its current share price of 1.8p, and without any actual news to justify a £12.5 million increase in the market cap. When you look at it in the context of change in market valuation it seems even more crazy that it has increased so much. There was a similar rise during the middle part of last year when investors got excited about the work being carried out by PVF Energy at its PL2002-01(A) well at Garden Hill, in Newfoundland, to remove a blockage which had been in place for several years, with the well not having produced anything since 2013. The work to clean up the well was completed at the end of November and took far longer than was originally anticipated, and no doubt cost a lot more as well. This leaves me wondering just how long it will be - even assuming the well produces commercially - before Nu-Oil sees any profits, given that the agreement with PVF gives it 50% of profits after the recovery of all costs. An extended well test will be carried out, but thus far there is no definitive timescale in place for that, and the funding of it is also unclear, although there is the possibility of a farm-in agreement between the two companies. With all being fairly quiet with regards to Garden Hill, attention seems to have shifted to the company’s 50:50 partnership in privately owned Marginal Field Development Company, and the recent rise in share price seems to be connected to the shameless ramping of how great this part of the business is. To hear people banging on about MFDevCo on social media you would be forgiven for thinking that it was a successful business with a string of past projects. The reality is somewhat different though, and although the company talks about managing marginal fields through their lifecycle, it is yet to do so with a single project since its incorporation in June 2013. Over the past year or so there have been fairly regular updates about new agreements that MFDevCo has entered into, and often with names which are recognised within the sector. The most recent came in early January, with an agreement with Aker Solutions to provide installation operator services exclusively for a period of five years. Of course Aker has nothing to lose, as if some projects are secured then great, and if not then it hasn’t lost anything. What I do find interesting is that similar agreements were entered into several years ago when the company was still known as ABT Oil and Gas, and there was talk of all the projects it would be getting involved in. In mid-2014 it announced a joint venture with oil services giant Wood Group PSN, but just a year later that was terminated. Who knows, things may be different this time around, but I won’t be holding my breath given the past performance and fact that the same characters are still controlling things here. MFDevCo does now have a 10% interest in the Dunmore and Helvick licences in the Celtic Sea, and with the option for a staged 50% farm in if a work plan is carried out and development approved. Given that both licences have flowed discoveries dating back to the early to mid 1980s, and neither has yet been developed, it does raise the question as to just how viable they are commercially, especially with oil prices not expected to regain the previous highs that we have seen during that period. I would also question exactly how MFDevfCo is planning to fund all of these projects which it talks about, given that it has never had any cash in the bank. The last set of accounts are only up until the end of June 2016, but showed that it only had £976 in the bank at the time – similar to the previous year – but had trade and other payables in excess of £2.15 million, the vast majority of which were accrurals. The next accounts up to the end of June 2017 are due by the end of March – assuming the company manages to file them in time, which it hasn’t in the past – and should give a clearer picture as to any changes to its financial situation. But I wouldn’t exactly expect to suddenly find it awash with the cash which it will need. Of course Nu-Oil has been funding some of the ongoing work associated with these marginal field projects and assessing their suitability, and the company has raised funds to do so – the most recent being £1.1 million gross in early July at 1.1p. But Nu isn’t exactly in a great financial situation itself, and at the last set of accounts up until the end of June 2017 it had net liabilities of nearly £1.9 million – although subsequently that would have improved once the placing cash came in. At the time it also had net current liabilities of £3.25 million, so technically was insolvent, although in reality much of the current liability is deferred – such as the outstanding £1.78 million loan with Shard Capital, but that can be recalled at any time. There is also over £1 million owed to RMRI, which is controlled by many of the same directors as Nu-Oil, including Alan Minty who holds in excess of 50% of the shares in RMRI. It had £650,000 odd in the bank, and if we add on the cash from the placing that would give at least £1.65 million (depending on the net proceeds raised), plus it has also raised a further £380,000 from the exercise of warrants since the last accounts were published, so just over £2 million in total. But if we consider that it burned through more than £1.67 million during that year, and looks to have stepped up its activity level since then, I would expect that we will see further fundraising activity within the next couple of months – assuming that the company won’t want to leave this until such time as it is skint. One thing which is interesting when it comes to its outgoings, is the amounts that the directors are paying themselves, with both Damian Minty and Alan Minty taking pay rises in excess of 25% despite achieving little other than largescale dilution for longer term investors. For the year ended June 30 2017, Alan Minty received £190,000 (up from £150,000), Damian Minty £150,000 (compared to £120,000 in 2016), and £120,000 to Tejvinder Minhas compared to £90,000. In total the directors were paid £538,000 for the year. So even if you are prepared to forgive the past failures of the board here, it is hard to justify anywhere near the current market cap, especially given the precarious financial situation of the company, and the fact that it will soon need to raise funds yet again. If you are lucky enough to be holding then I would be grabbing the sell price of around 1.75p whilst it is still available. I certainly don’t consider it an investment at this price and it is a company that I would avoid.
20/12/2017
16:44
master rsi: A post from "mbev" from another place, makes you thing is not long before take off - 15p by end of March 18 Ozzie Sorry for taking so long get back to you - but I had to wait to get good connectivity. Here is my justification for the 15p realistic target by the end of quarter 1. I don’t do ramping - and if you look at my posts from last night you will see that I consider 75p quite a stretch here - and have said so. But 15p is a very conservative estimate that is grounded in reality. Along the way I will point out where you have misled investors. Garden Hills flow rate - 5p contribution. My estimates of value already consider an overestimate of PVF costs and include much higher transportation costs in the first year. It also uses an underestimate of the price they can sell this for - and we know that it sells for a premium. The tax and royalties position in Canada are taken into account (very generous) as is the company financial position. Therefore it’s at the very lower end of what investors can expect. The spreadsheet that I use is freely available for inspection to investors in the links provided by freeman pro or if you look at my posting history you can find it. What that clearly shows is that it would take just 800 bopd to give a 5p contribution to the share price. Given that this well has historically flowed at 300 bopd and we are expecting more this time and with an artificial life - that’s not too much of a stretch by the end of Q1. By the way, if we were to use your figure of 3000 bopd that would get to an over 15p contribution on its own - but that would be ramping! And note that just 200 bopd will cover NUOG operating costs completely. Garden Hills farm-in - 5p contribution. We know that negotiations are underway. If you look at the past history you will see that the field development plan included plans for a further 4 wells that tap into the sweet spot of the reservoir - and also are likely to get to a bigger resource. If the negotiations complete during the next quarter it will mean that PVF have got the funding, backing and the resources - so based up on the single well at garden Hills - another 5p on the share price is not a stretch at all. Part 2 Marginal field deal - 5p contribution. Remember this is now the raison detre of the company, so when they land the first deal the opportunity will get realised in the share price. But I’m not accounting for that, I’m planning on simple valuation. But firstly can I refer to you the capabilities of some of our partners? To remind you - you said “it would tae years to build the equipment” - yet if you look at the RNS dated 26 Jan 2017 with COSL Drilling pan pacific you will see that we have immediate access to a world wide network of jack up rigs. No need to wait to build something specific - so clearly misleading investors. Next you questioned the terms of the deals, but its pretty clear that you have not researched them - if you look at the RNS just mentioned and also the RNS dated 27/4/2017 with Calm Oceans Pte you will see that the terms of the financing are pretty clear in deals that are already renegotiated all of the costs and resources are being funded by the partners up front and being claimed during downstream production. And those partners are no small fry companies - they have the capabilities, resources and funding to back up their promises. so I’m confused as to you comments on the where the cash coming from - it’s pretty obvious - and a clear misleading of investors. The slice of the profit that the big boys take is also accounted in for in the deals - they get paid for their services - do your research please and read the terms of the deals - It’s all there in black and white. Now how much might such a deal be worth? Well it depends upon the deal - but we know that there are essentially two different models they are working on. First taking over a going concern. I’ll use the figures that you have ventured - a 5% gross override and I’ll use an existing asset that could be developed to demonstrate just how valuable that might be - take EL1070 for which we have a 5% gross override - if just one well gets developed pumping 5000 bopd that would be a revenue stream of over £3 million after tax and royalties and taking account of operating costs - that would add £60 million to the market cap - a 5p contribution. Pretty rubbish really? Those figures are pretty transportable across any deal they might strike for a going concern. Next is an equity based valuation if they acquire equity in a marginal field and have a plan to deliver it. They they can rely on 1p resources - so even if we were to take only 10% equity acquired - it would only take a field with 1p resources of 60 million barrels to get to a 5p contribution - and if you take Helvick and Dunmore where they will get 50% equity - which is a good benchmark - it might be even more. So whichever way yo look at it 5p on marginal fields is not a stretch in the next quarter. Part 3 and final In terms of your comments on further dilution, its your opinion, but I would point out that with garden hills going into production that could bring revenue fairly quickly - certainly within 3 to 6 months - and if they took over a going concern that would lead to immediate cash. SO in my opinion no need for dilution - On the loans there are no signs of shard wanting their money back immediately - they haven’t yet through the most difficult year for this company so why would they with all the potential here - and they will have access to way more info than we have. But you have also misled investors on the debt position too - more poor research there are two loans outstanding for around a total of £3million if you could be bothered to read the company accounts from last year you would find the information fairly easily. So there you have it - a clear and realistic route to 15p if they get garden hills flow rates (800 bopd with artificial lift), a farm-in deal landed and a marginal field deal landed. All perfectly possible in the next quarter, and an underestimate of what could be achieved. But you have clearly misled investors with your poor research on - capability and resources of partners - Terms of the deals with partners - How the MFDevCo business model works - The loan position I await your apology.
12/3/2017
20:35
ride the wave 1: Taken from LSE 27/2/17 (options rns day). 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. I mean nukem with his 20 post history posting today and of course you will see others. 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 price Jmo I’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 worthless 2 Directors have been given options not shares, so for example if the share price reaches 1p Direc
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
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 Nigel.Burton@NU-OilandGas.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.
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