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Market: PLUS
Sector: Energy
EPIC: USOP
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US Oil and Gas
usoil.us

 

U.S. Oil & Gas plc was formed to exploit the potential for substantial oil and gas finds in one of North America's most prolific oil producing regions, using the most advanced technology available.

U.S. Oil & Gas plc’s (Ticker: USOP) core activities are in the USA, with exploration activity in Nevada where the company holds a large lease acreage and is fully funded to drill three wells.

 

Full US Oil and Gas profile here
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US Oil and Gas reach agreement in relation to PLUS suspension

30th Jan 2012, 7:20 am by Jamie Ashcroft U.S. Oil and Gas shares were suspended in August.

U.S. Oil and Gas (PLUS:USOP) has told investors that it has reached an agreement in principle in relation to its suspension on the PLUS markets exchange.

The group’s shares were suspended in August. 

USOP says it has had several talks with PLUS to discuss its ‘profound concerns' regarding the continuing suspension of US Oil and Gas shares. The most recent meeting took place on Friday January 27.

The firm says an agreement has now been reached in principle, with a PLUS Markets corporate advisor. The details of the agreement will be announced subject to the lifting of the suspension, it said. 

“The company would prefer to inform shareholders of the full details of this meeting, but PLUS has insisted that publishing such detail would not be helpful,” the company said in a statement.

“US Oil regrets the anxiety caused to shareholders by the suspension and by the company's continuing inability to communicate details of its discussions with PLUS.”

 

 

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