RELEASED AN RNS CONF AN OIL DISCOVE28 Nov 2012 20:58
When listed on the GXG Markets, a Danish legal entity, in April 2012, the share price was 65 pence and it rose to a high of £6.20 in September 2012. On November 15th, USOP issued a press release confirming an oil discovery. By close of business on November 15th, the share price had fallen to 60 pence and was now Stg£1.
Over recent weeks, USOP was subject to a sustained attack by unknown persons on the message boards and believed the attacks materially contributed to the fall in its share price, he said.