Nu-Oil and Gas plc announced that it has signed a Heads of Terms in relation to the proposed acquisition of Guardian Maritime Limited and Guardian Barriers IP Limited, which envisages the enlarged group applying to be listed on the Standard Segment of the LSE. The company appointed Mr. Philip Campion to the Board as a Non-Executive Director on completion of the Proposed Transaction. Additionally, it is intended that the founders of GML and GBI, Mr. David and Mrs. Teresa Stevens will be retained as part of the future team and appointed as Chief Sales and Chief Technical Officers, respectively. To support the new Leadership team, Mr. Jay Bhattacherjee has been appointed as Executive Chairman (formerly Non-executive Chairman).