Description
Nu-Oil and Gas PLC is a UK-based company which is involved in identification, development, and operation of hydrocarbon opportunities focusing on the acquisition of stranded or marginal fields of any jurisdiction. The company holds a diverse portfolio of assets including Marginal Field Development Company and the Marginal field delivery consortium. It holds a production lease PL2002-01(A) which covers an onshore area in Western Newfoundland and EL1070 which covers a coastal area of Western Newfoundland which gives right to explore and then produce oil and gas from geological structures. The company generates its revenue from the sale of oil production and other related activities. It is now a cash shell company.
