UK 23:09 Friday, 25 September 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
You will remember that fraudulent and now unlisted joke company US Oil & Gas (USOP) is trying to raise £2.9 million (but will settle for a minimum of £300,000) to keep the lights on. The pure gold comedy genious from our lying friends in Ireland continues.
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Comments
Duck and Dive
There’s always a tiny grain of truth in every monstrous pile of BM bullshit and I suspect this ludicrous claim refers to a handful of demented ISA morons (well, it’s a fund innit?) who wanted the deadline extended past 6 April so that they could subscribe with their newly topped-up ISA allowance. I doubt that any real fund manager has even heard of USOP.
My advice to the lunatics who can’t be dissuaded from throwing more cash at this shambolic outfit is to get the open offer pulled and instead provide the funds within a group CLN secured on the alleged asset.
Duck and Dive
So, thanks to ignorance, coercion, leprechauns, desperation, begging, deception, myopia, illness, charity, idiocy, blindness and God, USOP somehow managed to tap into a titanic 15% take-up of this preposterous open offer. Throw in a few treasury shares and the net proceeds are circa £500k — enough to keep the lights on and pay the directors for months.
But it isn’t nearly enough to drill. And the chances of finding any institutional investors/bucket shops daft enough to also overvalue the shares by at least 500% and rich enough not to care whether USOP shares will ever be traded on a stock exchange again must be zero.
And USOP has already demonstrated that it can’t find a JV partner for its trumped-up, jumped-up, pumped-up patch of Nevada desert.
Anyway, this is all excellent news for shareholders who wouldn’t want to be out of this stock over the weekend.