U.S. Oil & Gas plc - Rematerialisation of Share Certificates
PR Newswire
Rematerialisation of Share Certificates
U.S. Oil & Gas Plc, ( USOIL or the Company ), the oil and gas exploration company with assets in Nevada, makes the following announcement:
As a result of Brexit, Euroclear UK & Ireland, a UK-incorporated company, will cease to provide Issuer Central Securities Depository (CSD) services to Irish corporate securities via the Crest system as of 30 June 2021.
Irish companies were presented with two alternative courses of action they could take in response to this development: corporate securities could be migrated from Euroclear UK & Ireland to Euroclear Bank (Belgium). Or, a company could choose not to migrate and instead require shares to be rematerialised as physical share certificates to be held by the shareholder or their registered agent such as a broker.
U.S. Oil & Gas plc - Operations Update
PR Newswire
Update
U.S. Oil & Gas Plc, ( USOIL or the Company ), the oil and gas exploration company with assets in Nevada, is pleased to make the following announcement:
Operational update
As previously announced, the Company has submitted Notices of Staking for three drill locations in its West Play: Eblana-7, Eblana-8 and Eblana-13. The locations are on one of two zones with interpreted Palaeozoic slide block structures suggested by geophysical and geochemical data and which may feature carbonate lithology. These zones appear to be analogues of Railroad Valley s Grant Canyon Field, and each may contain multiple slide blocks. The data suggests that in the West Play multiple slide blocks may exist within the Company s acreage.
U.S. Oil & Gas plc - Result of AGM
PR Newswire
Result of AGM
U.S. Oil & Gas Plc, ( USOIL or the Company ), the oil and gas exploration company with assets in Nevada, is pleased to make the following announcement:
The Board of Directors of U.S. Oil & Gas plc is pleased to announce that at the Company s Annual General Meeting held on 8th April 2021 all resolutions were duly passed.
FORWARD-LOOKING STATEMENTS
The statements in this communication reflect the current thinking of the Board and the Company s present plans. The Company reserves the right to alter plans in the light of developing knowledge and circumstances. Shareholders attention is drawn to the note below concerning Forward-looking Statements.
U.S. Oil & Gas plc - Regulatory Update
PR Newswire
Regulatory Update
U.S. Oil & Gas Plc, ( USOIL or the Company ), the oil and gas exploration company with assets in Nevada, makes the following announcement:
Following further statements by the Biden Administration regarding the January 20, 2021 temporary suspension of the issuing of new drilling permits on Federal lands, and the consensus industry view, the Company believes that the potential impact on its exploration plans and prospects are not material. Most importantly, permitting of wells on the Company s existing leases is expected to continue as normal after the announced 60 day moratorium on permit approvals has run its course.
U.S. Oil & Gas plc - Regulatory Update
PR Newswire
Regulatory Update
U.S. Oil & Gas Plc, ( USOIL or the Company ), the oil and gas exploration company with assets in Nevada, makes the following announcement:
At the request of the Biden Administration, under Order No. 3395 dated 20 January 2021, and reported 21 January, the acting Secretary of the U.S. Dept of the Interior, Scott de la Vega has suspended leasing for fossil fuel production on federal lands and waters, as well as the issuing of new drilling permits. The suspension is to last for 60 days while legal and policy implications are evaluated.