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The explorer believes success would represent a company-making achievement . US Oil & Gas Plc (USOP) said it has submitted Notices of Staking for three drill locations - Eblana-7, Eblana-8 and Eblana-13 - in its West Play, in Nevada. The company said that the proposed well sites are located in one of two zones with interpreted Palaeozoic slide block structures suggested by geophysical and geochemical data. They are in Zone 1 which spans some 4,064 acres. Estimates for the three sites see some 86.5mln barrels of prospective resources of original oil in place. According to the company, the zones appear to be analogues of Railroad Valley’s Grant Canyon Field and it says that if this is proven by well results it could anticipate “exceptionally high” flow rates. ....
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. ....
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