Nu-Oil & Gas plc’s (LON:NUOG) Simon Bygrave gives a recap on the business and its current pipeline of projects.
”We’re relatively unique in focusing on stranded resources where the existing partners either don’t have a plan or the appetite to take them forward …. a company such as us is willing to take a different approach to technology, commercial structures and financing to convert those undervalued proven resources into commercial, attractive and technically-viable projects”.
”We are working to build a portfolio through the acquisition and development of such projects through ourselves, our subsidiary and our joint venture marginal field development company”.
Nu-Oil’s also recently appointed a new executive chairman, Graham Scotton, who’s got significant experience covering technical, operational, planning, commercial and management roles.