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US Oil & Gas Announcement - Sheer Comedy

Tom Winnifrith
Tuesday 28 May 2013

When US Oil & Gas (USOP) goes tits up, its CEO Brian McDonnell should become a comedian. He really is very good. As our fellow Irishman Frank Carson used to say “It’s the way I tell ‘em.” The latest press release dated 23rd May has had me in stitches for days. It is comic genius. Oddly out there in la la USOPian land some folks seem to believe it. That is less funny.

Before we come to the “Competent Persons Report” I remind you that regulators at PLUS slammed young Brian for making statements he could not back up. Young Brian told the State of Nevada that his Ebiana #1 well was flowing at 60 bopd. But when the pen-pushers turned up on site and found sod all oil he admitted that was just an estimate and that the dog had eaten his calculations on which that estimate was made.

But Brian has persisted and now trumpets a Competent Persons Report by Forest Garb & Associates (the folks who said that Brian’s Hot Creek asset contained 189 million barrels of oil before any well was drilled). Having now drilled one well and found no commercial quantities of oil, Forrest Gump now reckons that

 

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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