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PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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US Oil & Gas – Why the share slide?

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- Tom Winnifrith

Having bounced back up from 35p to 170p shares in GMX traded joke valuation company US Oil & Gas (USOP) were starting to bubble. The USOPians (folks who chat amongst themselves on twitter and Bulletin Boards) were already discussing once again whether £15 or £200 a share was fair value. But then…. the shares started to fall once again and as I write are back at 90p. This still values the company at a very generous £37 million but why the slide? And what next. I offer three explanations and also a festive greeting to my fellow Irishmen who run this company in our native tongue.

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