U.S. OIL and GAS plc's (Ticker: USOP) core activities are in the USA, with ongoing exploration activity in Nevada where the company holds a large lease acreage.

Company Objectives

Short-term Objectives

  • Drill two further wells on the structure penetrated by the Eblana #1 discovery well.

Medium-term Objectives

To maximise shareholder value by:

  • Listing on a recognised stock exchange
  • Proving any discovery in terms of volume, flow rates and quality;
  • Moving any discovery up the value chain to 'Proved Reserves'; 
  • Drilling further wells;
  • Continuing to collect high quality data to inform future development.