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.

21 November, 2011 - U.S. Oil & Gas plc - Board Appointments; Change of Advisors

21 November, 2011

US Oil and Gasplc (“US Oil” or “the Company”)  

Board Appointments; Change of Advisors

 

U.S. Oil and Gas (PLUS: USOP), the oil and gas exploration company with exploration assets in Nevada, USA, today announces the following board appointments:

 

Appointments:

 

Mr. Andrew Harwood, ACII - Finance

An Investment Fund Manager and Financial Planner since 1989, Mr. Harwood brings his extensive experience in corporate investment in the oil and gas sector to the company. 

Mr. Harwood is currently a Fund Manager of an OEIC (MFMCFSBalanced Opportunities Fund) and Managing Director ofCFSIndependent Ltd.

Mr. Harwood has been a lecturer for the British Council in its pre-retirement seminar for senior employees and has also provided financial and investment advice to listeners on LBCtalkback radio.  He was also a regular speaker to visitors of the annual Money Show at Olympia.

Mr. Howard will be working together with the CEO Brian McDonnell on all financial matters.

In accordance with the PLUS Rules for Issuers, the Company discloses the following details in respect of Mr Harwood.

 

Current directorships

CFS Independent Limited

The Greedy Goose Limited

Former directorships in the last five years

None

 

 

Peter Whelan,B.A., M.Sc. Trinity - Audit/Remuneration/Contracts

Working in law enforcement, compliance and management since 1982, Mr. Whelan has held various roles in the enforcement of, criminal, public health, environmental and sea fisheries law.

Formerly Director of the Service Contracts Division of the FSAI, Mr. Whelan has had responsibility for developing, managing, reviewing and renegotiation of service contracts across the public service.

Mr. Whelan is currently Chairman of the Sea Fisheries Protection Authority (SFPA). Working closely with the Office of the Attorney General, the Director of Public Prosecutions and the Gardaí, Mr. Whelan advises Government Ministers on policy and enforcement and has overall responsibility for corporate governance issues and is directly accountable to a parliamentary committee on budget expenditure and organisational performance.

Mr. Whelan will head up the Audit and Remuneration Committees.

In accordance with the PLUS Rules for Issuers, the Company discloses the following details in respect of Mr Whelan.

 

Current directorships

Chairman SFPA

Curran Communications Ltd

Former directorships in the last five years

None

 

 

Karim Akrawi, B.Sc. Baghdad -Exploration

USOIL and Gas plc is pleased to announce that Mr. Karim Akrawi has been appointed to the board of USOIL. Mr. Akrawi was Senior Exploration Geologist with Abu Dhabi Company (ADCO) for Onshore Oil Operations from 1980to 2008, an enterprise currently producing 1.8 million barrels of oil per day. Mr. Akrawi has also been involved in majordiscoveries and field development in the United Arab Emirates (UAE) and elsewhere in the Gulf exploration area. His expertise includes formulating well proposals, planning and supervising drilling operations, carrying out geological and feasibilitystudies, preparing conceptual field development plans, evaluating the economics of well development, estimating probable oil and gas reserves, and risk analysis.

Mr. Akrawi is currently General Director for Geodynamics Worldwide, the company responsible for developing and implementing the Infra Passive Deferential Spectroscopy (IPDS or Passive Seismic) survey technology worldwide. Dr. Akrawi has presented and published numerous papers and reports on the application of IPDS and has made a significant contribution to the development of the technology as used today in oil exploration around the world.

In accordance with the PLUS Rules for Issuers, the Company discloses the following details in respect of Mr Akrawi.

 

Current directorships

Geodynamics Worldwide

Simba Energy plc

Iraq Oil and Gas Company

Bangladeshi Oil and Gas

Universal Oil Reserves Inc.

PetroHit Cor.

Former directorships in the last five years

ADNR

Middle East Oil Company

Geodynamics Research

 

 

No further informaction is required pursuant to Rule 62 of Part 2 of the PLUS Rules for Issuers and paragraph 18 of Appendix 1 of the PLUS Rules for Issuers.

In addition to the above appointments, Mr Brian McDonnell, presently Chief Executive Officer of the Company has today also accepted appointment as Executive Chairman of the Company.

 

Resignation of Corporate Advisor

USOIL has accepted the resignation of  SVS Securities. The company looks forward to appointing a new Corporate Advisor in due course.

 

Change of Company Solicitor

USOIL has appointed ByrneWallace as the company’s solicitors.

 

THE DIRECTOR OF THE COMPANY ACCEPTS RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

 

For further information contact:

 

U.S. Oil and Gas plc

Brian McDonnell, Chief Executive Officer +353 (0) 872383419

 

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 for development. The Company's main asset is in Nye County, Nevada where it holds the entire share capital of US-based Major Oil International LLC (“Major Oil”). Major Oil has acquired rights to exploration and development acreage in HotCreekValley, NyeCounty, adjacent to the oil and gas rich RailroadValley 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