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.

8th May, 2012 - U.S. Oil & Gas Plc - Operations update

8th May, 2012

                                              U.S. Oil & Gas Plc.
                                                       
                                         ("U.S. Oil" or the "Company")

                                 U.S. Oil & Gas Plc - Operations update
                                                       
Eblana #1 Well Spud
-------------------

U.S Oil & Gas plc (GXG: USOP) is pleased to announce that its wholly-owned subsidiary Major Oil International LLC spudded in its first exploration well, Eblana #1, in Hot Creek Valley, Nevada at 23.32 hours on 7th May, 2012. Drilling began immediately after the spud in, and total depth achieved at the time of this release is 285 feet.

The well is being drilled to an estimated depth of 8,000 feet. Operations are expected to take approx. 25 days, and further announcements will be made after the surface casing has been set.

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
beamac@eircom.net

Lionsgate Communications - Financial Public Relations

Jonathan Charles +44 (0)77791892509
jcharles@lionsgatecomms.com

Notes to Editors

U.S. Oil & Gas plc is a GXG 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.

U.S. 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

U.S. Oil & Gas PLC

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