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#GateSquareAIReviewer Here is the latest update regarding U.S. Oil & Gas Plc.
🛢️ Company Update: U.S. Oil & Gas Plc (January 2026)
The company announced on January 2, 2026, that it is in discussions with a Swiss-based consortium regarding potential funding .
· Stabilisation Loan: To support essential operations during these talks, the consortium advanced a stabilisation loan of $153,416.56 .
· Interest Rate: 2% per annum .
· Repayment: Repayable in December 2030 .
· Security: 651,295 treasury shares have been ring-fenced as security .
· Operational Status: The company noted that operational activities have faced delays pending the outcome of these discussions .
I hope this information is helpful for you. Would you like me to help clarify any other part of this update?