07 August, 2012 - U.S. Oil & Gas Plc - Board Change
U.S. Oil & Gas Plc.
("U.S. Oil" or the "Company")
U.S. Oil and Gas plc (GXG: USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada, makes the following announcement.
The board of U.S. Oil and Gas Plc is pleased to announce the appointment of Mr. Paul O'Callaghan to the board as Director- Finance with immediate effect. Mr. O'Callaghan, a chartered accountant, was Company Secretary of James Crean, and more recently Financial Director and CEO of FBD Holdings plc.
The company also announces that, due to his other commitments and with effect from today, Mr. Andrew Harwood, Non-Executive Director, has stepped down from the Board. The board would like to thank Mr. Harwood for his contribution to the company since 2011.
Mr. Brian McDonnell, Chairman of U.S. Oil, said:
"U.S. Oil and its Board warmly acknowledge the contribution of Mr. Harwood to the Company's progress to date, and we wish him the very best for success in the future."
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)7791892509
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.
For further information please refer to our website at: www.usoil.us
U.S. Oil & Gas PLC