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.

31 May, 2012 - U.S. Oil & Gas plc - Share Transfers

U.S Oil & Gas Plc - Share Transfers

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

Share Transfers

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

Dave and Bobbi Murphey, suppliers on Eblana #1 well have exercised a right contained in the terms of their contract, which relates to them taking 3,465 ordinary shares in the capital of the Company in lieu of payment. The aforementioned 3,465 ordinary shares will be transferred  from the Company's treasury forthwith.

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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