U.S. OIL and GAS plc's (Ticker: USOP) core activities are in the USA, with ongoing exploration activity in Nevada where the company holds a large lease acreage.

25 August 2011 - US Oil and Gas plc - Update re Suspension of Trading

TIDMUSOP Update Re: Suspension of Trading 25 August 2011                                               U.S. Oil and Gas Plc.                                            ("US Oil" or the "Company")                                         Update Re: Suspension of Trading  U.S.  Oil  and  Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in  Nevada,  USA, would like to confirm that its ordinary shares were suspended from trading on PLUS-quoted at 10.00AM on Tuesday 23rd August, in accordance with Rule 78 of the PLUS Rules for Issuers.

The  Company continues to work with PLUS Stock Exchange plc in relation to the suspension and will  update  the market on any developments in due course. Preparations in relation to the final acquisition of data, completion of administrative procedures  and  ground operational plans in relation to the forthcoming three-well drilling programme are continuing as planned.

The  Company will continue to update the market on any significant news regarding operations through Regulatory Information Service announcements in the normal way.



For further information contact: 

U.S. Oil and Gas plc Brian McDonnell, Chief Executive Officer +353 (0) 872383419 

SVS Securities plc - PLUS Corporate Adviser Peter Ward / Alexander Brearley +44 (0)20 7638 5600

SVS Securities plc - Broker Ian Callaway / Alex Mattey +44 (0)20 7638 5600 ian.callaway@svssecurities.com

Lionsgate Communications - Financial Public Relations Natalia Egorova +44 (0)7500 828771 negorova@lionsgatecomms.com

Notes to Editors

U.S.  Oil  and  Gas  plc is a PLUS-quoted (Ticker: USOP) oil and gas exploration company  with  a  strategy  to identify  and  acquire oil and gas assets in the early phase of the upstream life-cycle and  mature  them.  The Company's main asset is in Nye County, Nevada where it holds the entire share capital of US-based company Major Oil  International LLC ("Major Oil"). Major Oil has acquired rights to exploration and development  acreage  in Hot  Creek Valley, Nye County, adjacent to the oil and gas rich Railroad Valley area of Nevada, both  of  which are part of the Sevier Thrust of central Nevada and western Utah, USA. 

US  Oil has completed extensive surveys of its Hot Creek lease area, generating 18 datasets using the following survey  methods: Gravity and Magnetic Resonance, Geochemical, 2-D Seismic, Landsat remote sensing,  Geophysical studies,  Conodont  Alteration Index (CAI), Pyrolysis (TOC), Vitronite Reflectance-Visual  Kerogen  (TAI),  2-D Passive Seismic (IPDS) and 3-D Passive Seismic. 

For further information please refer to our website at: www.usoil.us 


(END) Dow Jones NewswiresAugust 25, 2011 09:08 ET (13:08 GMT)