Simon Bygrave, investor relations officer at Nu-Oil & Gas delivers the latest powerpoint presentation from the recent AGM. In addition, we hear more about the recently released updates from the company.
Nu-Oil has experienced a turbulent few years however 2017 appeared to be a watershed, triggering the catalyst for recovery. The company has a rejuvenated lease of life as newly appointed Bygrave beats the drum whilst enhancing the companies market presence.
NU-Oil and Gas plc (NU-Oil) is an independent oil and gas company whose strategy is to build a diverse portfolio of assets with a strong emphasis on acquiring interests in stranded and marginal fields. The fields that we are targeting are producing or highly-appraised. NU-Oil has invested in the Marginal Field Development Company (MFDevCo), which has developed solutions that can significantly improve the economics of a project and aims to develop a portfolio of assets utilizing solutions delivered by MFDevCo and the Marginal Field Delivery Consortium.
In addition, NU-Oil continues to pursue opportunities on and around the Port au Port Peninsula in Newfoundland, Canada.
You can hear Simon Bygrave, investor relations director at Nu-Oil & Gas #NUOG and Alison Pegram, Managing Directors of MFDevco discussing MFDevCo’s agreement with Aker Solutions Limited for the provision of duty holder services on their projects.
You can read MFDevCo’s news release by clicking the link here