Out of Anzoil comes a Nuenco

Every startup oil play commences life as the ubiquitous “newco” until the appropriate name is secured. The new management at what was Anzoil have taken that to new levels, yesterday receiving shareholder approval to rebadge the now US-focussed company into a new energy company – Nuenco (ASX: NEO).
Out of Anzoil comes a Nuenco Out of Anzoil comes a Nuenco Out of Anzoil comes a Nuenco Out of Anzoil comes a Nuenco Out of Anzoil comes a Nuenco

The recapitalised company, led by Anthony Kain and Andrew Waller, has put its foot on a 25% interest in a number of prospective San Joaquin Basin properties with fellow Aussie, Orchard Petroleum.

Their first US wells will be drilled later in the year.

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