Us oil and gas plc share price gxg

Incorporated in Junetrading in its shares on the London Plus market began in January The shares sold for as low as 7p each and for as high as 97p. The shares were delisted in Apriland immediately listed on the Danish-regulated GXG, a tertiary market considered to be less regulated than Plus. The Plus market has since closed.

Ring, McGrattan and McDonnell were significant shareholders in the company. McDonnell said Ring and McGrattan were asked by the board to resign, which they did. Ring said the decision had to do with differences on strategy. In mid the media reported that the well in Nevada had produced evidence of oil potentially worth hundreds of millions of euros.

The share price spiked. In November the company secured a High Court order aimed at identifying who had posted allegedly defamatory remarks about the company on internet message boards. An activities record dated March from the State of Nevada Commission on Mineral Resources mentioned the Nevada site: Travelled out to Hot Creek Valley and met with Brian McDonnell CEO of Major Oil and Soran Talabani contracting petroleum engineer to Major Oil. There was no oil in the tank, and only a skim of oil on a flotation type tank they were using.

We were told the 60 BOPD was only a calculated rate but had been reported as a producing rate and when asked to review the calculations, we were told they did not have them on hand.

McDonnell did not want to comment on this but said the company had never declared that the well it drilled was commercial and that us oil and gas plc share price gxg BOPD would be a commercial well.

US Oil & Gas plc: Questions raised over Nevada drilling project

He said the company expects it has a major oil field, but that it has not yet drilled a commercially viable well. It is in discussions about funding for further drilling.

The directors of Spurt are McDonnell and Ring. Your Money Markets Personal Finance Exchange Rates Funds Tracker All Business.

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