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.

05 April, 2012 - U.S. Oil & Gas Plc - Delisting of Company from PLUS Exchange


U.S OIL & GAS Plc Delisting of Company from PLUS Exchange

5, April, 2012

                                              U.S. Oil & Gas Plc.
                                         ("U.S. Oil" or the "Company")
                                    Delisting of Company from PLUS Exchange

U.S. Oil & Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, announces that it has been delisted from the PLUS Exchange under Rule 79 effective as of  April 4, 2012. Rule 79 provides PLUS Regulation with a discretion to withdraw issuers from the PLUS-quoted market and clarifies that PLUS Regulation will withdraw the securities of an issuer no later than six months after the date of suspension.

The Board of US Oil & Gas is surprised at the PLUS decision, as it had been led to believe that dialogue was continuing.   The Company will now examine all its options and will shortly announce an alternative trading platform for its shares.

Meanwhile operational progress continues to be made in Nevada, and further announcements in that regard will be made shortly.


For further information contact:

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

Lionsgate Communications - Financial Public Relations
Jonathan Charles +44 (0)77791892509

Notes to Editors

U.S.  Oil & 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