MARKET INFORMATION DISCLOSURE
Country of incorporation:
Rep. Ireland. Please note that the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.
Main country of operation:
Articles of Association:
Click here for Articles of Association
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. The Company means to identify and acquire oil and gas assets in the early phase of the upstream life-cycle and mature them. The Company’s main asset is in Nye County, Nevada where it 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, adjacent to the oil and gas rich Railroad Valley area of Nevada, both of which are part of the Sevier Thrust of central Nevada and western Utah, USA.
Brian McDonnell – Chief Executive Officer (CEO) and Chairman
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 Whelan – Audit/Remuneration/Contracts
Working in law enforcement, compliance and management in Ireland since 1982, Mr. Whelan has held various roles in enforcing criminal, public health, environmental and sea fisheries law. He has had responsibility for developing, managing, reviewing and renegotiating service contracts across the public service.
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 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.
Remuneration committee: Peter Whelan (Chairman), Karim Akrawi;
Audit, Risk and Compliance Committee: Liam Kilkenny (Central Bank of Ireland authorised financial advisor), Peter Whelan (Chairman);
U.S. Oil & Gas securities are not currently traded on any exchange. On completion of its current operations, and subject to available funding, the Company will seek a trading facility on a recognised stock market.
Number of Traded securities in issue:
The Company has 60,871,586 ordinary shares of EURO 0.0001 each in issue, with each ordinary share holding one voting right. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company. The Company’s total issued share capital is EURO €6,087.
Major shareholders (>5%, other than Nominee):
Mr Brian McDonnell
Financial reports (link)
Click here for Financial Reports
Press releases (link)
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LHM Casey McGrath,
6 Northbrook Road,
Phone: +353 (0)1 495 9200
Fax: +353 (0)1 495 9299
E-Mail: info (at) lhmcmg.ie (please substitute @ for ‘at’)
Wilton Park House
T: +353 1 611 0000
email: ecomms (at) whitneymoore.ie (please substitute @ for ‘at’)