TIDMNUOG

Nu-Oil and Gas PLC

16 October 2017

16 October 2017

NU-Oil and Gas plc

("NU-Oil" or the "Company")

NU-Oil and Gas plc win Best Performing Stock at AIM Awards 2017

The Company is pleased to announce that NU-Oil was awarded Best Performing Share at the recent AIM Awards 2017.

Best Performing Share is a factual award based on share price performance over the period of assessment, being 1 August 2016 to 31 July 2017 (the "Period"). The Company's share price increased by 1447% during the Period.

The Company would like to thank its shareholders for their continued support, as well as the award sponsors, PWC and Zeus Capital, and the AIM Awards team for this recognition.

Alan Minty, Chairman of NU-Oil, commented:

"This award recognises the Company's strong recovery and is the result of the continued commitment of the management team. We believe the Company is well positioned to achieve further success."

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

NU-Oil and Gas is an oil and gas 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 fields that have been thoroughly appraised and are located in basins with stable political and regulatory regimes; by doing so NU-Oil is not exposed to the risks associated with frontier plays, particularly exploration and appraisal risks.

NU-Oil has invested in the Marginal Field Development Company (MFDevCo), which 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, 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAGGGQCUUPMGUQ

(END) Dow Jones Newswires

October 16, 2017 07:00 ET (11:00 GMT)

Nu-oil And Gas (LSE:NUOG)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Nu-oil And Gas Charts.
Nu-oil And Gas (LSE:NUOG)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Nu-oil And Gas Charts.