- Cash shell Nu-Oil and Gas posted a full-year loss owing to expenses including an impairment of exploration and development assets.

Pre-tax losses for the year through June amounted to £2.80m, compared to losses of £1.89m on-year.

The company did not report any revenue for the period.

It was designated a cash shell in November, having sold its 50% interest in MFDevCo.

At 30 June, it had cash balances of £58k compared to £861k a year earlier.

At 1:39pm: [LON:NUOG] Nuoil And Gas Plc share price was 0p at 0.05p

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