Nu-Oil & Gas is an independent oil and gas company whose strategy is to create an oil and gas company with a diversified portfolio of assets across the E&P value chain. The Company's current portfolio is made up of operations focused on opportunities around the Port au Port Peninsula in Newfoundland, Canada, the Clare Basin in County Clare, Ireland, the UK North Sea and Jordan.

Two weeks ago RNS has been well received to the point that Institutions were very interested in shares and the company had a placing at 0.50p

26th January 2017 - "NU-Oil is pleased to announce that MFDevCo, the company in which NU-Oil holds a 50 per cent. interest as part of its strategy to generate a portfolio of assets, has entered into a collaboration agreement with CDPL with the objective of securing projects more cost-effectively, earlier and with less upfront capital."

Floated at £55m, is now with a market cap of £5m with £3M cash

RNS for tomorrow morning - From NUOG website

NU-OIL AND GAS PLC - 13 February 2017

Completion of Due Diligence on EL1070 Option Agreement

The Company is pleased to announce that, further to its announcement on 21 December 2016
regarding the Option Agreement on EL1070, offshore Western Newfoundland with G2 Energy Corp.
(‘G2 Energy’), G2 Energy has successfully completed its due diligence on EL1070. Under the Option
Agreement, G2 Energy has an exclusive option to earn 100% of the Company’s working interest in the
Deep Rights (see below) on EL1070, with the Company’s wholly owned subsidiary, Enegi Oil Inc.
(“EOI”), retaining a 5% gross overriding royalty should the option be exercised.
G2 Energy is now proceeding with the work required to submit an application for a Significant
Discovery Licence (‘SDL’) on EL1070. In this respect, prior to the end of the option period of 24 months
from 16 December 2016, G2 Energy must achieve a flow test for hydrocarbons on one or more of the
wells on EL1070, a requirement under the regulations for the submission of an application for a SDL.
The Deep Rights within EL1070 are currently held by EOI.
G2 Energy has undertaken further analysis of data on existing wells, and has identified a potential
bypassed oil pay zone behind casing in one of the wells on the licence, within the Carbonate Platform
section (see below “About EL1070”), and its initial work programme, subject to regulatory approval,
will plan to flow test this prospective zone. This section is interpreted to have a dense natural fracture
network in brittle carbonate rocks, which may have natural flow capability.

About G2 Energy Corp.

G2 Energy is an investment vehicle that has been specifically established to explore the potential of
EL1070. Its two principals are George Langdon and Gerard Edwards. George Langdon was a former
senior geologist at Mobil Oil and Gerard Edwards a financial analyst with Mobil. Both have been instrumental in achieving the award of the first onshore production lease in the province of
Newfoundland and have been involved with the recognition of the potential of both the deep
Carbonate Platform rocks and the Green Point shale. Collectively through their previous companies
they have raised approx. $100m for exploration in West Newfoundland. Both are graduates of the
Memorial University of Newfoundland, George with a PhD in Earth Sciences and Gerard with a MBA.
They have been involved in the exploration of oil and gas in eastern Canada for more than 20 years
and during their time in the industry have developed an extensive network of contacts that will be
exploited for the purposes of developing EL1070.

About EL1070

Although EOI is a registered holder of 33% of the EL1070 licence, through a 2009 agreement with Shoal
Point Energy the Company now holds a 100% interest in the Deep Rights, with Shoal Point Energy
holding 100% interest in the Shallow Rights on the licence.
The Deep Rights on EL1070 are defined as all petroleum substances and associated rights within and
stratigraphically below the Ordovician Carbonate Platform (excluding Cape Cormorant and Table Cove
Formations). The main target within the EL1070 Deep Rights is the Shoal Point prospect, which is a
‘conventional’ exploration target, and is reachable from an onshore location.
EL1070 was issued in January 2002 and continues to be in good standing beyond its 9 year exploration
phase, while partners in the project diligently pursue the award of a SDL for discoveries within the
Shallow Rights section. In order to pursue Shallow Rights hydrocarbons in the Green Point shale fracking will be necessary, on which there is currently a moratorium in Newfoundland. The Company, in conjunction with G2 Energy, will also need to liaise with the Government to commence activity on
the conventional Shoal Point prospect; G2 Energy has already conducted informal discussions with the
regulator.

Nigel Burton, CEO of NU‐Oil, commented:
“The Directors are pleased that G2 Energy has successfully concluded its due diligence on EL1070
and is now proceeding to the work required to submit a SDL application on EL1070. This should
allow for new investment into EL1070 and has the additional benefit of removing on‐going costs.
We look forward to providing further updates as G2 Energy progress its activities.”
HTTp://www.nu-oilandgas.co.uk/investors/regulatory-news/2017/

0.51p +0.02p

Starting to bounce back after moving below the recent placing @ 0.50p

Can this be possible?
chart
http://Https://tvc-invdn-com.akamaized.net/data/tvc_c0e6440862c277d872bff99b0cf6f986.png

1.15p +0.11p

Has been moving up and down for a few days now, but today is well on the rise
A 1 share trade just reported, usualy preeludes to RNS next day

1
1.15p
11:12