10 April, 2012 - U.S. Oil & Gas Plc - Operations Update
10, April, 2012
U.S. Oil & Gas Plc.
("U.S. Oil" or the "Company")
U.S. Oil & Gas plc (Ticker: USOP), the oil and gas exploration company with its main asset in Nevada, USA,
announces the following operations update:
Major Oil International LLC, U.S. Oil's wholly owned subsidiary, has filed an Application to Drill (APD) with the Nevada Bureau of Land Management for its second exploration well, Eblana #2. Spudding of the Company's first well, Eblana #1, Is scheduled for May 1st 2012.
CEO Brian McDonnell said, 'Preparations for drilling our first well, Eblana #1, are currently underway. By submitting our second APD, the Company aims to position itself for a smooth follow-on based on the results of the first drill.'
THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT
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 an 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.