USOP - US Oil and Gas Plc

[hxbro]

Anyone holding USOP - US Oil And Gas, rumours that it'll appear in RHPS today. I nearly bought the other week at 76p but held out till now, 68p today.

Currently waiting on a 3d survey for a reserves upgrade, drilling within a couple of months, using some new technology to pin point where to drill, apparently it's very accurate 90% CoS.

Some numbers (these are based on current reserves, it's rumoured the reserve upgrade will be much larger).

OIP for just 5% of the license area is 187million barrels

30% Recovery rate... 56million barrels

@ $30 per barrel = Revenue $1.683billion = £1.037billion

Divided by 37,541,082 shares in issue = £27.64 per share

The COS is basically 90%+ according to 0.96 IPDS reading


Low number of shares in circulation, PLUS traded (need to talk to your broker, although TDW do it but no quote box will appear).

Silly SP targets getting mentioned on message boards, reserves upgrade - £1 to 1.50, spud £2, strike, £10 to 20.

Obviously DYOR

http://www.usoil.us/
http://www.plus-sx.com/companies/plu...urityId=102720

[hxbro]

Apologies, can a mod change the title to USOP, not USOG

[Roach-Rampino]

Apologies, can a mod change the title to USOP, not USOG

Done mate.

There is a USOG as well: http://www.shareprice.co.uk/PNK:USOG/UTD-STATES-OILGAS

[hoponbaby]

Haven't gone back over the reasons but these have already been a 10 bagger in the last 12 months

[hxbro]

USOP mentioned in RHPS:

http://www.fsponline-recommends.co.u.../RHPS_July.pdf

Think the SP will be a lot higher on Monday, he sets a target of £5 a share, still quite low going off the numbers.

[Lighty]

Would love to get started trading in the stocks and shares market, have some spare money too to work with but just dont have the first clue what im doing! Anyone got any really good guides?

[evilsatan]

Would love to get started trading in the stocks and shares market, have some spare money too to work with but just dont have the first clue what im doing! Anyone got any really good guides?

Guide written by Spence here mate:
http://www.digital-forums.com/showthread.php?512979-Stocks-amp-Shares-The-Basics

Most important bit of advice is do your own research (DYOR)!

[hxbro]

USOP slowly rising up, apparently the ex director seller might have finished selling. Still waiting on the 3d report to come out, due this month still.

Drilling should begin soon after.

[hxbro]

USOP looking good this morning, £1 paid! I managed to get a buy in at 79.8p at 8am, before it started to rise.

Rumour is over a billion barrels found with 450million recoverable from the 3d scan, at 10$ a barrel that values them at 3 billion pounds or approx £80/share!

[hxbro]

USOP have a strike on their 1st well!

Operations Update: Eblana #1

U.S. Oil & Gas plc (GXG: USOP) an oil and gas exploration company focused on Nevada, USA, is pleased to
announce that the Eblana #1 exploration well currently being drilled by its wholly owned subsidiary Major Oil
International LLC reached a depth of 7,474 feet on 23rd May 2012 at 22.00 hours PST.

Oil shows observed and samples collected while drilling indicate multiple potential hydrocarbon pay zones. An
estimated gross section of up to one thousand feet of hydrocarbon shows (with possible gas/oil net pay zones
ranging from 100 to 300 ft) has been encountered within volcanic ash conglomerates integrated with sandstone
interbed zones, whilst further oil shows have been encountered in the deeper reservoir horizons currently being
drilled.

Good hydrocarbon background gas with several high gas peaks (C1, C2 and C3) associated with bright yellow color
florescence and streaming cuts have been recorded. At several depth intervals, laboratory retort hydrocarbon
analysis of bottom-up mud circulation tests of recovered fluid samples indicated light oil, with evidence of
sweet gas at the shaker.

The bottom up test completed on the open hole at 00.30 on 24th May PST saw good light gravity oil recovered at
the surface. Subsequent laboratory analysis confirmed a bright yellow white fluorescence indicating the
presence of live light oil.

A logging and production testing program, including the zones discovered to date and any deeper potential pay
zones encountered, will be carried out when target depth is reached.

US Oil & Gas CEO Brian McDonnell said, 'We are highly encouraged by the results of our drill thus far and look
forward keenly to the next stages in our exploration process.'

Still plenty of upside, this proves the technology works, every drill should hit in theory!

How to buy (not traded on a normal exchange) :

http://www.screencast.com/t/r3wiuLNJ



Click on 'download this media' and you'll get a spreadsheet with all
of the 25 brokers who trade this share.

To make life quick and easy....JARVIS Share Deal Active or X-O
accounts have got a very good following amongst shareholders here.

[hxbro]

SP flying this morning, someone paid £6.50!

Holding around £5 to buy at the moment.