Who we are
Nu-Oil and Gas plc (AIM: NUOG) originally listed on AIM in March 2008 as an independent oil and gas company. Following a group restructuring in October 2019 and the sale of the company’s 50% interest in MFDevCo on 4 November 2019, considered to be a fundamental disposal under AIM Rules, Nu-Oil and Gas has been reclassified an AIM Rule 15 cash shell. As such, Nu-Oil and Gas is required to make an acquisition (or acquisitions) which constitutes a reverse takeover under AIM Rule 14 on or before the date falling six months from completion of the disposal, failing which the Company will be suspended from trading on AIM. The Company will update investors in due course.