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

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