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US Oil & Gas "enormously encouraged" by early drill results

Brian McDonnell, CEO of US Oil & Gas (GXG:USOP), tells Proactiveinvestors that the company is "enormously encouraged" by the early drill results from the Eblana-1 well in Nevada. Brian says that at the end of this next short test phase, the company will go into pre-production testing at which point the recovery rates will emerge..

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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