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.

27 July, 2012 - U.S. Oil & Gas Plc - Operations Update: Eblana #1

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

Operations Update: Eblana #1

U.S.   Oil  &  Gas plc (GXG: USOP), an oil and gas exploration company focused on Nevada, USA,  is  pleased  to announce  that petrophysical analysis and data integration of the downhole log, hydrocarbon shows  and  cutting samples   from   the   Eblana   #1   exploration   well,   drilled  by  its  wholly  owned  subsidiary    Major Oil  International  LLC, is complete.

After rigorous petrophysical analysis and reservoir studies by Baker Hughes and US Oil specialists, a plan  has been finalised for the next stage of operations.   Of the 20 potential payzones identified by the advanced well-log analysis, at least 11 zones will be perforated.

The  Company  is  now planning production testing of the well using a workover rig in order to collect  further reservoir  production  test  data  including  flow  rates, reservoir  pressure  and  other  information.    The commencement date will be communicated in due course.

CEO  Brian McDonnell said, 'Rigorous analysis of the large amounts of data generated by our Eblana #1 discovery has  greatly enhanced our understanding of well reservoir properties.  We look forward with confidence  to  the next stage in our exploration process.'

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)7791892509
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