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US Oil & Gas considers ADR to boost North American investor appeal


US Oil & Gas (GXG:USOP) is actively considering making its shares more readily available to investors in North America by establishing American depositary receipts (ADRS).

Speaking in an interview with Stocktube chief executive Brian McDonnell says he wants to provide more share trading liquidity for investors and all options are being considered.

The oil explorer’s shares currently trade on a Danish OTC matched bargain system, called GXG Markets. And since the Eblana oil discovery in Nevada the shares have soared from around 60 to reach as much as 300p each at one point.

“The share has traded very well (on the GXG Market) over the past two months,” McDonnell said.


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February 15 2013
February 07 2013
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