Additional Information
Market: PLUS
Sector: Oil & Gas Exploration & Production
EPIC: USOP
US Oil and Gas plc
usoil.us

 

U.S. Oil & Gas plc was formed to exploit the potential for substantial oil and gas finds in one of North America's most prolific oil producing regions, using the most advanced technology available.

U.S. Oil & Gas plc’s (Ticker: USOP) core activities are in the USA, with exploration activity in Nevada where the company holds a large lease acreage and is fully funded to drill three wells.

 

US Oil & Gas unveils board changes

8th Aug 2012, 4:18 am by Jamie Nimmo
US Oil & Gas unveils board changes

 

 

US Oil & Gas (GXG:USOP) has announced it has appointed Paul O’Callaghan to the board as director-finance with immediate effect.

O’Callaghan, a chartered accountant by trade, was previously company secretary of James Crean and more recently financial director and chief executive of insurance firm FBD Holdings.

The company, which has exploration assets in Nye County, Nevada, also revealed that non-executive director Andrew Harwood will go the other way, stepping down with immediate effect to focus on his other commitments.

“U.S. Oil and its board warmly acknowledge the contribution of Mr Harwood to the Company's progress to date, and we wish him the very best for success in the future,” said chairman Brian McDonnell.

The oil and gas explorer recently raised US$1.8 million through a placing to boost its working capital position.

It is planning production testing of the Eblana No.1 discovery well.

In June, the firm said the number and size of the reservoir zones it had encountered at the well was “beyond expectations”.

 

 

No investment advice


Proactive Investors North America Inc, trades as "Proactiveinvestors USA & Canada".


You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.


You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.


From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.


You understand that we may be providing advertising and/or marketing services to companies mentioned on the site. A full list of companies that are paying for services from us, or our affiliated companies in the UK and Australia can be viewed here