When was US Oil & Gas founded?
U.S. OIL and Gas plc was incorporated on July 17, 2009 as an oil and gas exploration and development company focusing on prospects in Nevada, USA.
What are the assets of US Oil & Gas?
In July 2009, US Oil & Gas acquired the assets of Major Oil International LLC.
The primary assets of Major OIL International LLC are leases covering 19 sq kilometers of land in Hot Creek Valley, Nye County, Nevada. The valley is adjacent to Railroad Valley, one of the most oil prolific regions in the state. This area of Central Nevada and Western Utah is also known as the Sevier Thrust. Click for a map.
Who is the management of US Oil & Gas?
Please click on the names for details of the management team. James Guiry – Chairman, Brian McDonnell – Managing Director,
Can I download a video or presentation?
You can watch the video here and the presentation is here.
How can I contact US Oil and Gas investor relations?
You can write to us at the address or e-mail given on our 'Contact us' page.
Where can I get more technical background about US Oil and Gas' choice of Hot Creek Valley for its exploration activity?
Click here for our Knowledge Base
How does Nevada compare to other locations for oil exploration and production?
Of all the United States’ oil-bearing regions, Nevada is one of the least exploited. One area alone, of 250 miles by 250 miles, geologists believe holds 31 billion barrels of oil. Large finds have already been made – the Covenant field has yielded over a billion barrels. The value of such finds is greatly increased by virtue of being in the US homeland, a secure region with first class infrastructure. Please download Channel-Sandstones,-Missippian-Antler-Basin.pdf and Geologic-Assessment-of-Undiscovered-Oil-in-Great-Basin.pdf for more information and statistics.
What work has US Oil & Gas undertaken to date?
US Oil & Gas has already carried out Well Log Analysis, Gravity Magnetic Surveying and the interpretation of available 2D seismic data.
What do results to date show?
Two anomalies exist on the land which warrants further investigation. The company will undertake passive seismic survey. Please download Reinterpretation-of-2D-Seismic.pdf for details about the technology.
What work will US Oil & Gas carry out next and how will it be funded?
USOIL is ready to start seismic, geophysical, geochemical and well studies, which will be followed by a targeted drilling programme. The company will list on the PLUS Markets in London. Details of the listing will be announced on this website and through the usual channels.
Which accounting standard does US Oil & Gas use for its annual financial statements?
The accounts are prepared in accordance with International Financial Reporting Standards.
In what currency are US Oil & Gas results reported?
U.S Oil and Gas will be reporting in the Euro.
Where can I read current US Oil & Gas' business and financial news?
There are two ways in which you can access US Oil and Gas’ business and financial news. This information is available in our press room on our website. Alternatively, following the companies listing on the PLUS Markets in London within the next four weeks, you can track the companies business and financial information using their services.
