Brian McDonnell, chief executive of GXG-listed US Oil & Gas (GXG:USOP), has unveiled plans to start drilling the Hot Creek prospect in Nevada in the last quarter of this year.
That could be brought forward if sufficient progress is made in the appraisal work still to be carried out on the property.
McDonnell explains that the company now has a better understanding of the geology in Nevada and he also expands on the progress being made with potential funding partners.
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