US Oil

  • Increase font size
  • Default font size
  • Decrease font size

The Investment Case

E-mail Print PDF

Investment

  • US OIL and Gas’s exploration acreage is in an area of  Nevada known as Hot Creek Valley.  
  • Regressive Missippian lacustrine or lakebed shales are the source of the 50 million barrels of oil produced from Nevada’s RailRoad Valley commercial oil seeps adjacent to Hot Creek Valley.  These shales coincide with the edge of the Cretaceous  Cordillera, the source of the giant Covenant Field in central Utah (896 million bbl from the Navajo No. 1 alone).
  • The central Nevada portion of the Cordillera  thrust belt has yet to be exploited to its full potential.
  • Modern exploration methods and analysis techniques  could confirm previously undiscovered oil fields.
 

Brent Crude Oil Futures Chart

Commodity Futures Charts






© 2009 U.S. Oil & Gas plc.