Nu-Oil and Gas books first-half loss, raises capital

Writer, Stock Market Wire
Friday, March 29, 2019 - 13:32

Nu-Oil and Gas booked a first-half loss and said it would raise capital through a share issue.

Pre-tax losses for the six months through December amounted to £972k, compared to losses of £916k on-year.

The main area of expense had been the continued implementation of the company's marginal field strategy, Nu-Oil and Gas said.

The company said it had raised £0.25m by issuing new shares at the company at 0.9p each.

Funds would support general working capital requirements.

At 1:32pm: (LON:NUOG) Nuoil And Gas Plc share price was -0.24p at 0.34p


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