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.

30 April, 2010 - US Oil and Gas plc - Notice Convening an EGM of the Company

TIDMUSOP

Notice Convening an EGM of the Company

The following notice of EGM is today being posted to all of the shareholders of

U.S. OIL and Gas plc

30 April 2010

U.S. Oil and Gas plc

("USOP" or "the "Company")

Notice of EGM

U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with explorations assets in Nye County, Nevada resolve that:

IN THE MATTER OF THE COMPANIES ACT 1963 TO 2009

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IN THE MATTER OF U.S. OIL & GAS PLC (the "Company")

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NOTICE CONVENING AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY

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Notice is hereby given that an Extraordinary General Meeting of the above named Company will be held at Hotel Kilkenny, College Road, Kilkenny, Co. Kilkenny, Republic of Ireland on the 24th day of May, 2010 at 3.30pm, for the purpose of considering, and if thought fit passing the following Resolutions as Ordinary Resolutions, extended notice having been given pursuant to Section 142 and Section 182(2) of the Companies Act, 1963, as proposed by Members of the Company on the 22nd day of April 2010.

 

Ordinary Resolutions

That Mr. Nial Ring be and is hereby removed from office as a director of the Company.

That Mr. Liam McGrattan be and is hereby removed from office as a director of the Company.

THE DIRECTORS OF THE COMPANY EXCLUDING NIAL RING AND LIAM MCGRATTAN ACCEPT RESPONSIBILITY FOR THE CONTENTS OFTHIS ANNOUNCEMENT.

For further information contact:

US Oil and Gas plc

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

beamac@eircom.net

SVS Securities plc - PLUS Corporate Adviser

Peter Ward / Alexander Brearley +44 (0)20 7638 5600

Notes to Editors

US Oil and Gas plc is a PLUS (Ticker: USOP) listed 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 into marketable opportunities for the medium- and large-sized oil companies.

The Company's main asset is in Nye County, Nevada where it holds the entire share capital of the US-based company Major Oil International LLC. Major Oil has acquired, and intends to acquire, rights to exploration and development acreage in two high potential resource areas 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.

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

U.S. OIL AND GAS PLC

(END) Dow Jones Newswires

April 30, 2010 13:00 ET (17:00 GMT)

Archive ref: SN20100430010165.nml

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