For the mobile-friendly version of the site, scan this code with your smartphone.
Admin login
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.
U.S. Oil & Gas Plc (GXG London: USOP, OTC New York: USOPY), the oil and gas exploration company with exploration assets in Nevada, reports that its interim results to 31 March 2013 will be published shortly and that it has funding for another drill.
The Company is responding directly to claims and allegations recently made on the internet, in the form of a Q & A (Questions and Answers) to the Chairman, Brian McDonnell, which can be found below.
The Testing Programme
U.S. Oil & Gas Plc (GXG London: USOP, OTC New York: USOPY), the oil and gas exploration company with exploration assets in Nevada, announces that testing of its Eblana #1 well in Hot Creek Valley is now complete. Zones tested since testing commenced in September 2012, were from 3,232 feet to 7,460 feet. The first part of the programme was to cement the well, perforate the potential payzones and briefly test each zone. The second part of the programme was designed to identify the producer zones. The intention with the current testing programme was to extend the perforated intervals in two of those zones to increase and stabilize flow with the aim of obtaining flow from above the oil/water contact. This part of the
U.S. Oil and Gas Plc (GXG: USOP), the oil and gas exploration company with exploration assets in Nevada, is pleased to announce that it has resumed testing of its Eblana #1 well. Basic Energy Services, headquartered in Forth Worth Texas, is the rig operator.
Trading commences for American Depository Receipt ("ADR") Programme
U.S. Oil & Gas plc (GXG: USOP), an oil and gas exploration company with exploration assets in Nevada, is pleased
to announce that with effect from 22 March 2013 trading has commenced on the Over-the-Counter ("OTC") market in
the United States of America.
The Company is pleased to report its preliminary audited annual results for the year ended 30 September 2012.
Highlights
-- Acquired additional leases in Hot Creek Valley, Nevada - total lease area amounts to over 88 sq. km;
-- Fund raise of $1,785,167 in July 2012;
-- Paul O'Callaghan appointed as Non-Executive Director on 2 August, 2012;
-- Shares admitted to trading on the GXG Markets Multilateral Trading Facility ("MTF") on 31 August 2012;
- Consistent flows established
- Two producer zones confirmed
- Two grades of oil so far identified, including condensate
- Testing indicates sweet crude oil of API 28.5 and API 33
- Testing to be paused for data analysis and resumed on completion of analysis
- ADR preliminaries completed
U.S. Oil & Gas Plc (GXG:USOP), the oil and gas exploration company with exploration assets in Nevada, is delighted to announce that it is achieving consistent flow from its Eblana 1 well in Hot Creek Valley. Although current indications are that the well may prove to be commercial, the Company wishes to emphasise that testing is still at an early stage and no
headline flow rates are available at this point.
The Company intends pausing testing in early March in order to complete further data analysis. It expects to resume testing within eight weeks.
It has been represented to the Company by GXG Markets that the announcement made to the market on 6 February 2013 concerning the award of share options was subject to inordinate delay. The Company unreservedly accepts a reprimand issued by GXG Markets in this regard and expresses its regret.
U.S. Oil & Gas Plc (GXG: USOP), the oil and gas exploration company with exploration assets in Nevada, is pleased to announce that it has completed preparations for testing its Eblana #1 well. Flow specialists are onsite and the planned testing programme has begun. The Company will make a further announcement once testing is complete.
U.S. Oil and Gas Plc (GXG: USOP), the oil and gas exploration company with exploration assets in Nevada, is pleased to announce that it has commenced equipment mobilization for resuming production testing of its Eblana #1 well. Basic Energy Services, headquartered in Forth Worth Texas, will be the rig operator.
U.S. Oil and Gas Plc (GXG: USOP), the oil and gas exploration company with exploration assets in Nevada, is pleased to announce that it will shortly resume production testing of its Eblana #1 well. The programme is planned to begin in mid-January 2013.
After a rigorous process of data analysis and 3-D reservoir modeling by the Company's technical team, a testing programme has been finalised. The Company intends to test fourteen zones in total, eight of which have been previously perforated, including two zones identified as having Net Pay Zone (NPZ) of 150 ft. Six zones will be perforated for the first time and are located between 3,000 and 4,600 feet. Porosities in these zones range from 17% to 22%.
US Oil and Gas Plc (GXG:USOP), the oil and gas exploration company with exploration assets in Nevada makes the
following statement:
In recent weeks, unlawful statements were posted on internet bulletin boards about US Oil and its directors. The Company denounces these wrongdoings and today successfully obtained a Court order requiring the operators of the websites concerned to disclose the identities of those users of the bulletin boards who had made the unlawful statements.
Extensive data acquisition and sampling has been carried out on Eblana 1, and the well has been temporarily suspended until advanced analysis of the results is complete. The Company intends to resume testing in November or early December 2012, subject to supplier contracts, and expects to engage a major contractor and flow specialists.
Of the 11 pay zones identified during the Ebana 1 drill of May / June 2012, 30 zones were tested (approximate total 400 ft, with small perforated intervals each 6 to 20 ft thick). The testing programme did not include potential zones from 3,000 to 4,500 feet. Zones below 8,000 feet were initially tested together.
U.S Oil and Gas Plc (GXG: USOP) (the "Company"), the oil and gas exploration company with exploration assets in Nevada, makes the following statement.
The Company notes recent share volume changes possibly prompted by speculation in the media and online regarding possible results from its Eblana #1 well test programme.
The Company is pleased to report that the workover programme on Eblana #1 is making satisfactory progress, although slower than envisaged due to the complexities of multiple zones. The Company will report results, in accordance with standard industry practices, once the current programme is complete.
The Board of Directors of U.S. Oil & Gas Plc is pleased to announce that at the Company's Annual General Meeting held on Friday 31 August, 2012 all resolutions were duly passed.
1) Shares admitted to trading on the GXG Stock Exchange
U.S. Oil and Gas plc ("USOP" or "the Company") is pleased to announce that its shares will be admitted to trading on the GXG Markets Multilateral Trading Facility ("MTF") with effect from 31 August 2012.
2) Appointment of GXG Corporate Finance Adviser ("CFA")
n accordance with the GXG rules, the Board of U.S. Oil and Gas plc confirms that the Company has 41,682,356, ordinary shares of EURO 0.0001 each in issue, with each ordinary share holding one voting right. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company. The Company's total issued share capital is EURO 4,423.78. The Company holds 717,612 ordinary shares in its treasury, which represents 1.72% of the issued ordinary share capital of the Company.
Unaudited Interim Results for the six month period to 31 March 2012
U.S Oil and Gas Plc (GXG: USOP), the oil and gas exploration company with exploration assets in Nevada, announces its unaudited Interim Results for the six month period to 31 March 2012.
U.S. Oil & Gas plc (GXG: USOP), an oil and gas exploration company focused on Nevada, USA, is pleased to announce that ground operations for the workover programme on its Eblana #1 well will begin on 27th August, 2012, with production testing to commence on September 4th.
After reviewing all available well data, the well workover plan has been finalised , including a formation simulation and production testing programme for depths from 5,500 to 8,400 feet.
U.S. Oil and Gas plc (GXG: USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada, makes the following announcement.
The board of U.S. Oil and Gas Plc is pleased to announce the appointment of Mr. Paul O'Callaghan to the board as Director- Finance with immediate effect. Mr. O'Callaghan, a chartered accountant, was Company Secretary of James Crean, and more recently Financial Director and CEO of FBD Holdings plc.
U.S. Oil & Gas plc (GXG: USOP), an oil and gas exploration company focused on Nevada, USA, is pleased to announce that it has conditionally placed 284,019 New Ordinary Shares (the "Placing Shares") at a price of STG 4.00 per share (the "Placing" to raise gross proceeds of circa $1,785,167.
Highlights:
* Placing is to raise $1,785,167;
* Net proceeds provide immediate boost to US Oil's existing working capital position;
* Allows additional headroom for proceeding with Eblana #1 workover programme, drilling Eblana #2 and
extending survey activities to the Company's full acreage.
U.S. Oil & Gas plc (GXG: USOP), an oil and gas exploration company focused on Nevada, USA, is pleased to announce that petrophysical analysis and data integration of the downhole log, hydrocarbon shows and cutting samples from the Eblana #1 exploration well, drilled by its wholly owned subsidiary Major Oil International LLC, is complete.
After rigorous petrophysical analysis and reservoir studies by Baker Hughes and US Oil specialists, a plan has been finalised for the next stage of operations. Of the 20 potential payzones identified by the advanced well-log analysis, at least 11 zones will be perforated.
U.S. Oil & Gas plc (GXG: USOP), an oil and gas exploration company focused on Nevada, USA, announces that the Eblana #1 exploration well, being drilled by its wholly owned subsidiary Major Oil International LLC, encountered nine large potential porous oil reservoir intervals (approx. 1,100 feet) and associated high fracture zones before reaching its target depth of 8,550 feet on 26th May 2012. The initial interpretation of well logs confirms all of the hydrocarbon shows and reservoir intervals previously recorded while drilling.
U.S. Oil and Gas plc (PLUS:USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada makes the following announcement.
Dave and Bobbi Murphey, suppliers on Eblana #1 well have exercised a right contained in the terms of their contract, which relates to them taking 3,465 ordinary shares in the capital of the Company in lieu of payment. The aforementioned 3,465 ordinary shares will be transferred from the Company's treasury forthwith.
U.S. Oil & Gas plc (GXG: USOP), an oil and gas exploration company focused on Nevada, USA, is pleased to announce that the Eblana #1 exploration well, currently being drilled by its wholly owned subsidiary Major Oil International LLC, reached its Target Depth of 8,550 feet on 26th May 2012 at 19.05 hours PST. The well has been successfully cased and cemented.
During the drill, more than 1,000 feet of cumulative net oil and gas pay potential zones were encountered.
U.S. Oil & Gas plc (GXG: USOP) an oil and gas exploration company focused on Nevada, USA, is pleased to announce that the Eblana #1 exploration well currently being drilled by its wholly owned subsidiary Major Oil International LLC reached a depth of 7,474 feet on 23rd May 2012 at 22.00 hours PST.
Oil shows observed and samples collected while drilling indicate multiple potential hydrocarbon pay zones. An estimated gross section of up to one thousand feet of hydrocarbon shows
Share Transfers
U.S. Oil and Gas plc (PLUS:USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada makes the following announcement.
Soran Talabani, Drilling Manager on Eblana #1 well has, through his company GTC Global Oil and Gas Consultancy exercised a right contained in the terms of his contract, which relates to him taking 25,000 ordinary shares in the capital of the Company in lieu of payment. The aforementioned 25,000 ordinary shares will be transferred to GTC Global Oil and Gas Services from the Company's treasury forthwith.
U.S Oil & Gas plc (GXG: USOP) is pleased to announce that its wholly-owned subsidiary Major Oil International LLC spudded in its first exploration well, Eblana #1, in Hot Creek Valley, Nevada at 23.32 hours on 7th May, 2012. Drilling began immediately after the spud in, and total depth achieved at the time of this release is 285 feet.
Major Oil International LLC, a wholly owned subsidiary of U.S. Oil & Gas plc (GXG: USOP), has completed the mobilization of equipment in preparation for
drilling its first exploration well, Eblana #1 in Hot Creek Valley, Nevada.
The first day of drilling is planned for Saturday 5th May.
Major Oil International LLC, a wholly owned subsidiary of U.S. Oil & Gas plc (GXG: USOP), has completed
earthworks and site construction in preparation for drilling its first exploration well, Eblana #1 in Hot Creek
Valley, Nevada.
Mobilisation of equipment in preparation for drilling commenced today. Spudding up is scheduled to take place
on Thursday 3rd May.
U.S. Oil & Gas plc has begun earth mobilisation and site construction for drilling its first exploration well, Eblana #1. Equipment mobilisation is scheduled for April 27, 2012 and spudding of exploration well Eblana #1is planned for May 1st. Subject to the award of a Permit to Drill for well Eblana #2, the Company hopes to follow on immediately with a second drill. In the event of a successful drill and a strike, the Company will work to maximise value for investors by proving up reserves, commissioning further Competent Person's Reports and carrying out surveys on the large part of its lease area not fully surveyed at present but viewed as highly prospective.
On April 4 2012, U.S. Oil & Gas plc (Ticker: USOP), the oil and gas exploration company with its main asset in Nevada, USA, was delisted from the PLUS Exchange under Rule 79. Rule 79 provides PLUS Regulation with a discretion to withdraw issuers from the PLUS-quoted market.
The shares of U.S. Oil & Gas were suspended from trading on PLUS Markets on 23rd August 2011. The reason given by PLUS Markets for the suspension was a 'disorderly market'. At no stage in the PLUS investigation was the Company or its directors accused of being implicated in this in any way. At no stage have the directors been aware of the identities of those being investigated in this regard.
Shares in U.S. Oil & Gas plc commenced trading today on the OTC level of GXG Markets. U.S. Oil & Gas plc is an (Ticker: USOP) oil and gas exploration company with a 90 sq. km. oil exploration lease area in Hot Creek Valley, Nevada, USA. The Company has contracted to drill up to two exploration wells, the first scheduled to spud on May 1st 2012.
U.S. Oil & Gas plc (Ticker: USOP), the oil and gas exploration company with its main asset in Nevada, USA, announces that the Extraordinary General Meeting (EGM) of the Company requisitioned on March 23rd 2012 and scheduled for June 1st 2012, has been cancelled and will not now be held. The Requisition request has been formally withdrawn by the shareholders concerned.
Extraordinary General Meeting (EGM)
On March 23rd 2012, the Board of Directors of U.S. Oil & Gas plc received from Crowley Millar, Solicitors, a Requisition to Convene an Extraordinary General Meeting of the Company pursuant to Section 132 of the Companies Act 1963. Signatories to the requisition, comprising more than 10% of the paid up share capital of the Company were as follows: Dennis O'Sullivan, Humphrey O'Sullivan, Margaret Guiry, Lisa Walsh, David Walsh, Frances Walsh.
U.S. Oil & Gas plc (Ticker: USOP), the oil and gas exploration company with its main asset in Nevada, USA,
announces the following operations update:
Major Oil International LLC, U.S. Oil's wholly owned subsidiary, has filed an Application to Drill (APD) with the Nevada Bureau of Land Management for its second exploration well, Eblana #2. Spudding of the Company's first well, Eblana #1, Is scheduled for May 1st 2012.
On April 4 2012, U.S. Oil & Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, was delisted from the PLUS Exchange under Rule 79. Rule 79 provides PLUS Regulation with a discretion to withdraw issuers from the PLUS-quoted market.
The shares of U.S. Oil & Gas were suspended from trading on PLUS Markets on 23rd August 2011. The reason given by PLUS Markets for the suspension was a 'disorderly market'. At no stage in the PLUS investigation was the Company or its directors accused of being implicated in this in any way. At no stage have the directors been
aware of the identities of those being investigated in this regard, and the directors are still unaware of
On April 4 2012, U.S. Oil & Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, was delisted from the PLUS Exchange under Rule 79. Rule 79 provides PLUS Regulation with a discretion to withdraw issuers from the PLUS-quoted market.
The shares of U.S. Oil & Gas were suspended from trading on PLUS Markets on 23rd August 2011. The reason given by PLUS Markets for the suspension was a 'disorderly market'. At no stage in the PLUS investigation was the Company or its directors accused of being implicated in this in any way. At no stage have the directors been aware of the identities of
U.S. Oil & Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, announces the following operational update:
Major Oil International LLC, U.S. Oil's wholly owned subsidiary, has signed a contract with Nabors Industries Inc. to drill the Eblana #1 well, plus at least one further well, on the Company's 100% owned Hot Creek Valley, Nevada prospect. Nabors Industries is the largest drilling contractor in the world, conducting oil, gas and geothermal drilling operations in the U.S. Lower 48 states, Alaska, Canada and internationally in more than 30 additional countries (www.nabors.com).
Earth mobilisation and site construction at the Eblana #1 location in readiness for the spudding of the Company's first exploration well began on April 3rd subject to any unforeseen delays. Equipment mobilisation is scheduled for April 27.
U.S. Oil & Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, announces that it has been delisted from the PLUS Exchange under Rule 79 effective as of April 4, 2012. Rule 79 provides PLUS Regulation with a discretion to withdraw issuers from the PLUS-quoted market and clarifies
U.S. Oil & Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, is pleased to announce that the Nevada Bureau of Land Management has approved a permit to drill its first exploration well, Eblana #1 well on its Hot Creek Valley property.
U.S. Oil & Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, is
pleased to announce it has acquired additional lease acreage in Hot Creek Valley. Through its wholly owned
subsidiary, Major Oil International LLC, U.S. Oil has leased three new lots, totaling 6,482 acres and
contiguous with existing acreage, from the Nevada Bureau of Land Management. The company's total acreage
position in Hot Creek Valley is now 22,221 acres (approx. 90 sq. km.).
Preliminary Statement of Final Results for the year to 30 September 2011
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with exploration assets in Nye County,
Nevada, announces its preliminary statement of the Company's final results for the year to 30 September 2011.
U.S. Oil and Gas (PLUS: USOP), with exploration assets in Nevada, USA, announces the following operational
update:
US Oil & Gas plc ("US Oil" or the "Company") is pleased to announce that Major Oil International LLC, its wholly owned subsidiary, has agreed heads of terms with Nabors Industries Inc. to drill the Eblana #1 well plus at least one further well on the Company's 100% owned Hot Creek Valley, Nevada prospect.
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, is pleased to announce it has acquired additional lease acreage in Hot Creek Valley. Through its wholly owned subsidiary, Major Oil International LLC, U.S. Oil has leased two new lots, totaling 5,000 acres and contiguous with existing acreage, from the Nevada Bureau of Land Management.
U.S. Oil & Gas plc (PLUS:USOP), the oil and gas exploration company with its main asset in Nevada, USA, is
pleased to announce the completion of a Competent Person's Report (CPR) from independent petroleum consultants
Forrest A. Garb & Associates (FGA).
U.S. Oil and Gas (PLUS: USOP), with exploration assets in Nevada, USA, announces the following Trading Suspension update.
PLUS suspension
On 23rd August 2011, ordinary shares in US Oil and Gas were suspended from trading on PLUS-quoted, in accordance with Rule 78 of the PLUS Rules for Issuers.
US Oil and Gas plc is saddened to report the recent death of James Guiry, the company's co-founder and past Chairman and director.
Despite his serious health issues, until his resignation as a director in October 2011, Mr. Guiry devoted enormous commitment to the progress of the company.The company extends its deepest condolences to Jimmy's family.
U.S. Oil and Gas (PLUS: USOP), with exploration assets in Nevada, USA, announces the following Company update.
Nevada land auction
On December 13th 2011, Major Oil International LLC, a wholly owned subsidiary of US Oil and Gas plc, acting through an agent, entered winning bids in the Nevada Bureau of Land Management auction for oil leases in the state of Nevada.The auction was for two lots abutting US Oil's existing lease area,and these will approximately double the company's total holding to 10,738 acres (approx. 43 sq. km.)
U.S. Oil and Gas (PLUS: USOP), with exploration assets in Nevada, USA, announces the following Company update.
Shares Suspension and Appointment of a Corporate Advisor
On August 23rd last, the Company's shares were suspended from trading by PLUS Markets in accordance with Rule 78 of the PLUS Rules for Issuers. US Oil and Gas continues to cooperate with the Plus Regulator, and the directors believe that satisfactory progress has been made.
U.S. Oil and Gas (PLUS: USOP), the oil and gas exploration company with exploration assets in Nevada, USA, today announces the following board appointments:
Mr. Andrew Harwood, ACII - Finance
Peter Whelan, B.A., M.Sc. Trinity - Audit/Remuneration/Contracts
Karim Akrawi, B.Sc. Baghdad - Exploration
U.S. Oil and Gas plc (PLUS: USOP), an oil and gas exploration company with its main assets in Nevada, USA, hereby announces the results of its adjourned AGM held on the 25th October, 2011 in the Hotel Kilkenny, Kilkenny, Republic of Ireland as follows:
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, has today filed the Application for Permit to Drill (APD) for "Eblana Well #1" on its Hot Creek Valley prospect with the Bureau of Land Management in Nevada.
The Directors of the Company announce that the Company's Annual General Meeting ("AGM") adjourned on the 20th September, 2011 will resume on Tuesday the 25th October 2011 at 11.00 am at the Hotel Kilkenny, College Road, Kilkenny City, Republic of Ireland.
Submitted by test_editor on Tue, 10/04/2011 - 16:27
23 September 2011
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, announced yesterday that due to the suspension of trading in the Company's shares, its AGM has been adjourned to Tuesday 25th October.
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, is pleased to announce the results of its 3-D Infrasonic Passive Differential Spectroscopy (IPDS) survey recently completed over the whole of its lease area.
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, previously confirmed that its Ordinary shares were suspended from trading on PLUS-quoted at 10.00AM on Tuesday 23rd August, in accordance with Rule 78 of the PLUS Rules for Issuers.
The Directors of the Company announce that the Company's Annual General Meeting ("AGM") will be held on 20 September 2011 at 11.00 am at the Hotel Kilkenny, College Road, Kilkenny City, Republic of Ireland.
Notice of the AGM, a form of proxy and the Annual Report and Accounts for the period ended 30 September 2010 (the “Documents”) have been posted to shareholders.
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, would like to confirm that its ordinary shares were suspended from trading on PLUS-quoted at 10.00AM on Tuesday 23rd August, in accordance with Rule 78 of the PLUS Rules for Issuers.
The Company continues to work with PLUS Stock Exchange plc in relation to the suspension and will update the market on any
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA,
announces that its shares have been suspended today. The Directors will issue an update as soon as possible.
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, is pleased to announce final geochemical survey results for its entire lease area, based on a report from Fausanaugh et al.
The following amendment has been made to the "Share Transfers" announcement released on 12 August 2011.
"GeoDynamics Research S.r.l" has been replaced with "Geodynamics Worldwide Srl" in the second paragraph of the
announcement.
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with exploration assets in Nye County,
Nevada makes the following announcement.
Further to the announcement made on 25 May 2011, GeoDynamics Research S.r.l ("Geodynamics") has taken, under
the terms of their agreement, 98,923 ordinary shares in the capital of the Company in lieu of payment in
In accordance with the PLUS Rules, the Board of U.S. Oil and Gas plc confirms that the Company has 41,397,637 ordinary shares of EURO 0.0001 each in issue, with each ordinary share holding one voting right. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest
The Company is pleased to announce that it has today placed 3,856,555 new ordinary shares of EURO 0.0001 each (the "Placing Shares") at an issue price of 64 pence per share (the "Placing").
The Placing has raised gross proceeds of approximately GBP2.47m. The Placing's proceeds are intended to be used
to extend the Company's well drilling programme. Based on the current analysis of available data, the
U.S. Oil and Gas plc (PLUS:USOP), the oil and gas exploration company with exploration assets in Nye County,
Nevada makes the following announcement.
Karim Akrawi, the recently appointed Exploration Manager, has exercised a right contained in the terms of his
employment, which relates to him taking 100,000 ordinary shares in the capital of the
U.S Oil and Gas Plc (PLUS: USOP), the oil and gas exploration company with exploration assets in Nevada, announces its unaudited Interim Results for the six month period to 31 March 2011.
Statement of the Board
On 26 January 2011, the Company announced that it had changed its accounting reference
USOIL and Gas plc is pleased to announce that Dr. Karim Akrawi has been appointed as Exploration Manager to the company. Dr. Akrawi, who holds a PhD in Geo-Statistics and Exploration and a BSc in Petroleum Geology, is currently General Director for Geodynamics Worldwide, the company responsible for developing and implementing the Infra Passive Deferential Spectroscopy (IPDS or Passive Seismic) survey technology worldwide. Dr. Akrawi has presented and published numerous
U.S. Oil & Gas (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, is pleased to announce that it has commissioned further seismic work over its entire license block.
The planned survey will use a more advanced 3D Infrasonic Passive Differential Spectroscopy (IPDS) than has been available to date and will allow 3-dimensional modeling of the target area. The survey is expected to begin in approximately two weeks and results are expected shortly thereafter.
USOIL, the Oil and Gas exploration company with exploration assets in Nye County Nevada makes the following announcement.
As a result of the previously announced orderly market agreement, 100,000 Ordinary Shares were to be transferred from Nial Ring to Mr. Peter Whelan. These 100,000 Ordinary Shares have been temporarily placed in the nominee account of Mr. Brian McDonnell, Managing Director on 6 April 2011. The 100,000 Ordinary Shares were transferred into Mr. Brian McDonnell's nominee account at nil consideration. Mr. Brian McDonnell notified the
The Company today received notification that, following the placing that was conducted on 30 March 2011 (the "Placing"), CFS Independent Limited controls 1,668,835 ordinary shares of 0.0001p each, with one right to vote each, in the Company ("Ordinary Shares"), representing 4.45% of the voting rights in the issued ordinary share capital of the Company. Prior to the Placing, the number of Ordinary Shares under CFS Independent Limited's control did not represent a substantial shareholding.
USOIL, the Oil and Gas exploration company with exploration assets in Nye County Nevada makes the following announcement.
1,000,000 ordinary shares of ?0.0001 each, with one right to vote each, in the Company ("Ordinary Shares") held by a former director Mr. Nial Ring have been gifted back to the Company at nil consideration. This is part of a share allocation adjustment following an overgenerous allocation of shares to him prior to the Company's flotation. The 1,000,000 Ordinary Shares represent 2.66% of the issued ordinary share capital of the Company.
In accordance with the PLUS Rules, the Board of U.S. Oil and Gas plc confirms that the Company has 37,541,082 ordinary shares of €0.0001 each in issue, with each ordinary share holding one voting right.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company. The Company's total issued share capital is EUR3,754.11.
Highlights:
· Volumetric Analysis estimates maximum quantity of crude oil commercially recoverable in USOIL's Eblana Phase 1 is 113 million barrels
· Funding of up to circa $8.5m (£5.3m) raised and in place
· Fully financed for upcoming drilling programme and detailed preparations for spudding-in are complete
US Oil and Gas (PLUS: USOP), the oil and gas exploration company with explorations assets in Nye County, Nevada, announces that Nial Ring, a former director of US Oil, has disposed of 1,500,000 shares in the Company on or about 10 February 2011.
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada, announces its preliminary statement of the Company’s final results for the 13 month period to 30 September 2010.
Statement by the Board
The Company is pleased to report its preliminary statement of final results for the 13 months ended 30 September 2010. Earlier in this month the Company changed its accounting reference date to 30 September, hence the 13 month period.
Highlights
Results, including new reflective seismic data, show prospective reserves could exceed 25 million barrels in US Oil's Eblana Phase 1 Section 2 North, 5% of the lease area.
Analysis of the Reflective Seismic for Eblana Phase 1 Section 2 North indicates that the depth ranges for the target zones are 4000-5000 feet for shallower targets and 5000-7,700 feet for the deeper target.
The target depth ranges identified by the Reflective Seismic results are also extremely consistent with the depth range of several of the oil producing areas in adjacent Railroad Valley,including Trap Springs and Grant Canyon
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with lease acreage in Nye County,
Nevada, announces an update on its operations.
The Company has prepared a shortlist for the selection of a drilling contractor in preparation for spudding-in its first target: Well 01, Eblana Phase 1 Section 2, North. The well is intended to be drilled to a target depth of 2,650 metres, and drilling operations are expected to take approximately 25 days.
Results, including new reflective seismic data, show prospective reserves could exceed 25 million barrels in USOIL's Eblana Phase 1 Section 2 North, 5% of the lease area.
Highlights
Results, including new reflective seismic data, show prospective reserves could exceed 25million barrels in USOIL's Eblana Phase 1 Section 2 North, 5% of the lease area.
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with explorations assets in Nye County, Nevada, announces an update on its operations.
US Oil today confirms that it has staked the access road, drill pad and filed staking plans with the US Federal Authorities in Nevada in preparation for the drilling of its first target, Well 01, Eblana Phase 1 Section 2, North.
Analysis of the structural fault systems and integration of the Hydrocarbon Resonance values and geochemical results show high correlations for US Oil’s first drilling target.
The Directors of U.S. Oil and Gas plc are pleased to announce that the technical analysis of the data collected at US Oil’s exploration acreage in Hot Creek Valley, Nevada, confirms an extremely high correlation between the Hydrocarbon Resonance Energy Distribution using IPDS technology and Geochemical Survey results.
The Company today received notification that SVS Securities plc (“SVS”) disposed of 817,000 ordinary shares of €0.0001 each in the Company (“Ordinary Shares”) on 18 June 2010. As a result of this, SVS no longer has a substantial shareholding in the Company. SVS’ interest relates to a legal and beneficial holding.
The Company today received notification that SVS Securities plc (“SVS”) disposed of 825,500 ordinary shares of €0.0001 each in the Company (“Ordinary Shares”) on 17 June 2010. Consequently, SVS now holds 1,174,500 Ordinary Shares with one voting right each, representing 3.71% of the voting rights in the issued ordinary share capital of the Company. SVS’ interest relates to a legal and beneficial holding.
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada, announces that it has today placed 5,095,545 new ordinary shares of €0.0001 each (the "Placing Shares") at a price of 5.5p per share (the “Placing”). The Placing has raised gross proceeds of approximately £280,255 for the Company which will be used to complete the preparations for a drilling programme planned for later in the year.
Further analysis of the results of geochemical tests from USOIL's Eblana Phase 1, Sections 1 (West) and 3 (East) survey areas confirms the presence of oil and indicates structures that are analogous to the nearby oilfields in Trap Springs, Railroad Valley, 20 miles to the east. This result confirms the Company's choice of Section 3 (East) as its second well-drilling target. Detailed analysis of data from Section 1 (West) shows that a massive fault (SW/NE) lies through Section 1 (West) and Section 3 (East).
In accordance with the PLUS Rules, the Board of confirms that the Company has 31,674,807 ordinary shares of EUR0.0001 each in issue, with each ordinary share holding one voting right. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company. The Company's total issued share capital is EUR3,167.48.
The Company today received notification that SVS Securities plc ("SVS") disposed of 817,000 ordinary shares of EUR 0.0001 each in the Company ("Ordinary Shares") on 18 June 2010. As a result of this, SVS no longer has a substantial shareholding in the Company. SVS' interest relates to a legal and beneficial holding.
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada, announces the appointment of Mr Christopher Kieran Comerford as Non Executive Director of the Company with effect from today.
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada, announces its un-audited Interim Results for the six month period to 28 February 2010.
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada, announces that a notice regarding the cancellation of an EGM has been posted to shareholders. Copies of the notice will be available for inspection for a period of one month from today's date, free of charge, at the Company's Registered Office,
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada, makes the following announcement.
RE: Notice convening an Extraordinary General Meeting of the Company,
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada, makes the following announcement.
Board Change
U.S. Oil and Gas Plc announces that Mr. Nial Philip Ring, Executive Director, has notified the Board of his intention to leave the Company, with effect from today. Mr. Ring, a co-founder of U.S. Oil and Gas plc, has advised that he wishes to devote
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with explorations assets in Nye County, Nevada, makes the following announcement.
Board Change
U.S. Oil and Gas Plc announces that Liam T McGrattan, Non Executive Director has resigned from the company, with effect from today.
U.S. Oil and Gas Plc (Ticker: USOP) reports that Passive Seismic Survey results for an area of its Nevada lease show three high potential well-drilling targets.
The Infrasonic Passive Differential Spectroscopy Survey (IPDS) produced very high DHI (Direct Hydrocarbons Indicator) readings, indicating a significant accumulation of hydrocarbons. The survey was conducted over an area of approximately three square kilometers of the company’s 21 kilometer lease area.
U.S. OIL and Gas plc has completed ground geophysical and geochemical surveys over an area of its oil and gas leases and has detected anomalies associated with hydrocarbon seepage.
Samples from Hot Creek Valley Project Eblana, sections 1, 2 and 3 have been collected to date. Samples from Section 2 have now been analysed for Magnetic Susceptibility (MS), High Resolution Soil Spectral Analysis (HRSSA), hydrocarbon content by UV-Vis Spectroscopy, Iodine, and Soil Electrical Conductivity (umhos).
From geophysical studies recently completed, U.S. Oil and Gas plc, (USOIL), (Ticker: USOP) confirms a significant and direct correlation between the lineaments defined by alignments of saddles and other variations in basin based gravity anomalies within its lease area in Hot Creek Valley, Nevada.
Located in project area Eblana: Phase1, these anomalies are also expressed in magnetic data as well as surface geologic maps.
The Company today received notification that SVS Securities plc (“SVS”) disposed of 1,693,232 ordinary shares of €0.0001 each in the Company (“Ordinary Shares”) on 14 January 2010. Consequently, SVS now holds 69,929 Ordinary Shares with one voting right each and therefore ceases to have a substantial shareholding. SVS’ interest relates to a legal and beneficial holding.
U.S. Oil and Gas plc, Ticker: USOP, (USOIL), the oil and gas exploration company, has closed its first day of trading on London’s PLUS markets exchange at 8p sterling per share, representing a gain of 60% over the 5p Offer price.
The positive share performance is seen by the company as showing the market’s confidence in the company’s prospects and in the oil exploration sector in general.
TIDMUSOPU.S. Oil and Gas plc("USOIL", the "Company" or the "Group")
Admission to PLUS-quoted
Dublin, Ireland, 14 January 2010.
The directors of U.S. Oil and Gas plc (the "Directors") are pleased to announce that USOIL's application to PLUS Markets plc for its ordinary shares of €0.0001 each (the "Ordinary Shares") to be admitted to trading has been approved and that 26,579,262 Ordinary Shares have today been admitted to trading on PLUS-quoted.
The Directors of U.S. Oil and Gas plc ("the Company") are pleased to announce that the Company has applied for the admission of its entire issued and to be issued ordinary share capital to trading on the PLUS-quoted market ("Admission").
LISTING DETAILS
Sector classification: Oil and Gas
Principal activities: Hydrocarbon Exploration
Corporate Adviser: SVS Securities Plc
U.S. Oil & Gas plc, an oil and gas exploration company, has announced its intention to float on London’s Plus Market Exchange in early November 2009.
SVS Securities plc has been appointed as corporate advisor and broker to the company.
Some areas of the US long suspected of harbouring vast deposits of oil have remained virtually unexplored, because traditional methods of seismology can’t cope with the geology. Now Irish explorer USOIL & Gas is using an advanced technology to ‘listen’ for oil.
