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Nu-Oil & Gas 'moving quickly' in its discussions towards a commercial deal

Nu-Oil & Gas plc's (LON:NUOG) Simon Bygrave gives a recap on the business and its current pipeline of projects.

''We're relatively unique in focusing on stranded resources where the existing partners either don't have a plan or the appetite to take them forward .... a company such as us is willing to take a different approach to technology, commercial structures and financing to convert those undervalued proven resources into commercial, attractive and technically-viable projects''.

''We are working to build a portfolio through the acquisition and development of such projects through ourselves, our subsidiary and our joint venture marginal field development company''.

Nu-Oil's also recently appointed a new executive chairman, Graham Scotton, who's got significant experience covering technical, operational, planning, commercial and management roles.

Quick facts: Nu-Oil and Gas PLC

Price: 0.0275 GBX

Market: AIM
Market Cap: £928.94 k


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on 17/3/20

2 min read