viewUS Oil and Gas

US Oil & Gas continues in permitting process as it seeks to frack Nevada well

“Every effort is being made by the company to satisfy requirements, but no timescale can be offered for the completion of the process”

oil and gas operations
It is also integrating data from the most recent drill programme

US Oil & Gas plc (LON:USOP) told investors that dialogue is continuing with regulatory agencies regarding its permit application for the hydraulic fracturing of the Eblana-3 well in Nevada.

The explorer added that it has undertaken a comprehensive study of local water resources, requiring multiple samples be collected over an extended period and be independently analysed.

A report has been submitted to the authorities, and additional data is now being collected.

“The company wishes to emphasise that the implementation of the fracking plan and the associated operational timetable is contingent on regulatory approvals,” it said in a statement released on Friday.

READ: US Oil & Gas tops up working capital with share sale

“Every effort is being made by the company to satisfy requirements, but no timescale can be offered for the completion of the process.”

USOG also told investors that volumes of data collected in the previous Eblana-3 drilling phase are currently being integrated with all other data sets/

It added: “The company views the results of these latest studies as highly encouraging, supporting the belief that its Hot Creek Valley lease area features a major oil system analogous to that in Railroad Valley.

“Highly prospective targets are clearly emerging from these studies and will form the basis of a multi-well development proposal now being prepared.”

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of US Oil and Gas named herein, including the promotion by the Company of US Oil and Gas in any Content on the Site, the Company receives from...



US Oil & Gas CEO: We’re moving as fast as we can

Brian McDonnell, chief executive of GXG-listed US Oil & Gas (GXG:USOP), says the company has looked at various funding options in Nevada. McDonnell says while he is optimistic about a deal, the company is reliant on potential farminees to make a move. He urges shareholders to be patient...

on 19/9/14

2 min read