Would love to hear peoples thoughts on this.
US Oil and Gas have drilled a well in Nevada and given positive seeming press releases. ( http://usoil.us/?q=node/202 )
Flow testing etc is starting and being done by Baker Hughes.
The company trades on the unregulated "gxg" market. ( gxgmarkets.co.uk ) having been delisted from PLUS.
It is an interesting story but i cant help feeling uneasy about it.
Their seismic technique was interesting. They are using a novel "listening" technology pioneered by the Russians and commercialised by http://www.geodynamics.it
Any thoughts?
I will leave those questions to the many sharper O&G investing minds on this site (anyone care to tackle them?). Meanwhlle, I am just cross-referencing to an interview Ben did with US Oil & Gas some time back, as it's quite hidden away, in case it's of interest - http://www.stockopedia.com/content/us-oil-exploration-brian-mcdonnell-of-us-oil-and-gas-talks-to-stockopedia-48656/
