U.S. Oil and Gas Plc
Company Name:U.S. Oil and Gas Plc Minimum fundraise:£0* High Share Price Bid:£1
Business Sector:Oil & Gas Total Funds Bid to Date:£0 Low Share Price Bid:£0
Auction period:18 Dec 2019 - 28 Jan 2020 Indicative Share Price:15.00 Average Share Price Bid:£0**
*The company will accept oversubscription.
**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.
NOTE: ASSET MATCH HAS NEGOTIATED AN “ASSET MATCH INVESTOR BONUS” FOR INVESTORS IN THIS TRANSACTION. SEE THE “OVERVIEW” SECTION BELOW FOR DETAILS.

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U.S. Oil and Gas Plc

U.S. Oil and Gas Plc

Market Cap: £9,737,158 Auction period: 18 Dec 2019 - 28 Jan 2020 Indicative price: 15.00

Live Started 41 days ago

Current Indicative Price 15.00p

Auction closes in 5 Hours


BUY ORDERS SELL ORDERS

Cumulative Number of Shares Share Price (p)
12,000 9.00
12,000 10.50
12,000 12.00
10,000 14.00
10,000 15.00
10,000 16.00
-- 16.50
-- 17.00
-- 24.00
-- 40.00
-- 100.00
   
Share Price (p) Cumulative Number of Shares
9.00 1,000
10.50 2,447
12.00 3,400
14.00 7,416
15.00 29,905
16.00 30,767
16.50 40,767
17.00 61,036
24.00 62,536
40.00 72,536
100.00 74,470
   

BUY ORDERS

SELL ORDERS

Cumulative Number of Shares Share Price (p) Cumulative Number of Shares
12,000 9.00 1,000
12,000 10.50 2,447
12,000 12.00 3,400
10,000 14.00 7,416
10,000 15.00 29,905
10,000 16.00 30,767
-- 16.50 40,767
-- 17.00 61,036
-- 24.00 62,536
-- 40.00 72,536
-- 100.00 74,470
     

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Company info

U.S. Oil & Gas Plc has been admitted to trading on Asset Match at the request of a number of its shareholders. Asset Match has no formal relationship with U.S. Oil & Gas Plc.

Investors should also be aware of the international nature of U.S. Oil & Gas Plc and understand the risks fully before investing.

U.S. Oil & Gas Plc (USOP), the holding company of U.S. Oil Group, was formed to exploit the potential for oil and gas finds in Nevada, USA. The Company holds the entire share capital of US-based company ‘Major Oil International LLC’ ("Major Oil"). Major Oil has acquired rights to exploration and development acreage in Hot Creek Valley, Nye County, which is adjacent to the oil and gas rich Railroad Valley area of Nevada.

USOP has been looking to find an industry partner to agree a large-scale exploration programme but due to the industry environment a partnership of this kind has not come to fruition. Instead USOP has made the decision to make independent operational progress while keeping potential partners aware of any developments. The objectives of the Company are to prove the existence of reserves and achieve a commercial rate of flow.

www.usoilandgas.us

Auction Details

U.S. Oil & Gas Plc was admitted to trading on Asset Match on 20th March 2017 at a price of 27 pence per share. 

Auctions are held monthly and close at 2pm on the last Tuesday of the month unless stated otherwise.

The tick size for this company is 0.5 pence per share.

Participants can send orders via their existing broker or directly to The Share Centre. Further details can be found by clicking on the "Auction instructions" section below.

Price history (last 10 auctions)

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Price history (all)

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Auction instructions

To buy and sell shares in this company via Asset Match Private Market, you will need to use a stockbroker.

           -  The Share Centre

If you are a UK resident, our main broker and settlement agent for all CREST eligible companies on the AM Private Market is The Share Centre.

The Share Centre provide a competitively priced service for both certified and non-certified transactions. You can open an account online or by calling 01296 41 41 41.

Alternatively, if you already have an account with The Share Centre and wish to place an order please contact the Dealing Team directly on 01296 41 42 43.

To sell a share certificate, simply complete the certificated selling form and post it along with your original share certificate.

           -  Already have a stockbroker

Over 60 UK brokers regularly trade and are set up to deal on our platform. These brokers can submit your instructions to The Share Centre on your behalf*.

Please note that not all brokers are able to deal in unquoted shares so contact us to confirm whether your broker is able to trade.

           -  Overseas

If you are based overseas and are interested in participating then please contact us directly by emailing dealing@assetmatch.com or by calling 020 7248 2788.

​​When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade (*additional fees may apply).

For more information on how the auction works then please click here.

Key People

Brian

Brian McDonnell Chief Executive Officer

Brian graduated from Dublin City University with a business studies degree and worked in manufacturing for a number of years before setting up and successfully running his own training company.   Brian has extensive experience of bringing large and complex projects to fruition.  He has been CEO of U.S. Oil & Gas since it was founded in 2009.

   
Peter

Peter Whelan Audit/Remuneration/Contracts

Working in law enforcement, compliance and management in Ireland since 1982, Mr. Whelan has held various roles in the enforcement of, criminal, public health, environmental and sea fisheries law. Mr. Whelan has had responsibility for developing, managing, reviewing and renegotiation of service contracts across the public service. 

   
Karim

Karim Akrawi Exploration Director

Karim Akrawi is currently General Director for Geodynamics Worldwide, the company responsible for developing and implementing the Infrasonic Passive Differential Spectroscopy (IPDS or Passive Seismic) survey technology. He has presented and published numerous papers and reports on the application of IPDS and has made a significant contribution to the development of the technology as used today in oil exploration around the world.

Karim has vast experience of the oil and gas industry worldwide, including the United States.  He was Senior Exploration Geologist with Abu Dhabi Company (ADCO) for Onshore Oil Operations from 1980 to 2008, an enterprise currently producing 1.8 million barrels of oil per day. He has also been involved in major discoveries and field development in the United Arab Emirates (UAE) and elsewhere in the Gulf exploration area. His expertise includes formulating well proposals, planning and supervising drilling operations, carrying out geological and feasibility studies, preparing conceptual field development plans, evaluating the economics of well development, estimating probable oil and gas reserves, and risk analysis.

   
Brian

Brian McBeth Independent Non-executive Director

Dr. McBeth trained as an economist and worked in the financial sector in the City of London between 1979 and 2008  specialising in oil companies. He is a former director and Head of Oils at Schroder Securities Ltd and Senior Oil Analyst   at Cominvest, the asset management arm of Commerzbank AG.  He has been a consultant to The Oxford Institute for Energy Studies, The Economist Intelligence Unit, and for IDEA/ The London School of Economics.