Nu Oil and Gas : Share Subscription by Directors (FCA notification)

NU-OIL AND GAS PLC AIM ticker: 'NUOG'

13 March 2017

NU-Oil and Gas plc ("NU-Oil" or "the Company") Share Subscription by Directors

Further to the news release by NU‐Oil on 28th February 2017 regarding the subscription of 11 million new ordinary shares of 0.1p each in the Company at a price of 0.5p per new Ordinary Share by Alan Minty, Chairman, Dr. Nigel Burton, Chief Executive Officer and Frank Jackson, Non‐executive director, please see below the corresponding disclosure forms, which were submitted online to the FCA on 2nd March 2017 in relation to these transactions.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alan Minty
2.	Reason for the Notification
a)	Position/status	Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nu Oil and Gas Plc
b)	LEI
4.	Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Shares
	Identification code
b)	Nature of the Transaction	Purchase of Shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		0.5p	5,000,000
d)	Aggregated information Aggregated volume Price	£25,000.00
e)	Date of the transaction	28th February 2017
f)	Place of the transaction	UK

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nigel Burton
2.	Reason for the Notification
a)	Position/status	Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nu Oil and Gas Plc
b)	LEI
4.	Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Shares
	Identification code
b)	Nature of the Transaction	Purchase of Shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		0.5p	4,000,000
d)	Aggregated information Aggregated volume Price	£20,000.00
e)	Date of the transaction	28th February 2017
f)	Place of the transaction	UK

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Frank Jackson
2.	Reason for the Notification
a)	Position/status	Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nu Oil and Gas Plc
b)	LEI
4.	Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Shares
	Identification code
b)	Nature of the Transaction	Purchase of Shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		0.5p	2,000,000
d)	Aggregated information Aggregated volume Price	£10,000.00
e)	Date of the transaction	28th February 2017

f)

Place of the transaction

UK

Enquiries:

NU‐Oil and Gas plc

Alan Minty, Executive Chairman Tel: [phone]

Nigel Burton, CEO Tel: [phone]

Strand Hanson Limited

Rory Murphy/Ritchie Balmer Tel: [phone]

Beaufort Securities Limited Tel: [phone] Jon Belliss

Elliot Hance

St Brides Partners Limited Tel: [phone] Elisabeth Cowell

Lottie Brocklehurst www.nu‐oilandgas.com

Note to Editors:

NU‐Oil and Gas plc is an independent oil and gas company whose strategy is to build a diverse portfolio of assets with a strong emphasis on acquiring interests in stranded and marginal fields.

These fields are low risk highly‐appraised projects and consequently the Company's entry cost will be low. NU‐Oil will look to develop these assets utilising solutions delivered by Marginal Field Development Company (MFDevCo) and the MFD Consortium, which can significantly improve the development economics of a project. This is also expected to enable the early booking of reserves.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").