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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:28 Nov 2018 - 11 Dec 2018 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: £9,130,738 Auction period: 28 Nov 2018 - 11 Dec 2018 Indicative price: 15.00

Current Indicative Price 15.00p


BUY ORDERS SELL ORDERS

Total Number of Shares Wanted Share Price (p)
3,500 15.00
-- 24.00
-- 40.00
-- 50.00
-- 100.00
   
Share Price (p) Total Number of Shares Offered
15.00 1,750
24.00 3,250
40.00 13,250
50.00 16,250
100.00 18,184
   

BUY ORDERS

SELL ORDERS

Total Number of Shares Wanted Share Price (p) Total Number of Shares Offered
3,500 15.00 1,750
-- 24.00 3,250
-- 40.00 13,250
-- 50.00 16,250
-- 100.00 18,184
     

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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.

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 AM Private Market, you will need to use a stockbroker.

  • Using The Share Centre

The Share Centre is the preferred broker and settlement agent for all CREST eligible companies on AM Private Market. The Share Centre offers a competitively priced service for both certificated and non-certificated transactions. If you do not already have an account with The Share Centre, then you can open an account online or by calling 01296 41 41 41.

Alternatively, if you are interested in selling your shares and are unsure what to do next please read our Auction instructions for Sellers with additional FAQs. You can download the "Selling shares traded on Asset Match" form here.

You can place orders with The Share Centre by calling 01296 41 42 43.

  • Using another stockbroker

If you already have a stockbroker (or an in-house dealing team if you are an institutional investor) then you can place an order by instructing your broker to face The Share Centre. Not all stockbrokers will be able to act on your behalf, and so you should check with them first. You may also incur additional fees.

When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade.

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

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.