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.
4 June 2013 - U.S. Oil & Gas Plc. - Notice of AGM and Clarification
U.S. Oil & Gas Plc.
("U.S. Oil" or the "Company")
Notice of AGM and Clarification
U.S. Oil & Gas Plc (GXG London: USOP, OTC New York: USOPY),
the oil and gas exploration company with exploration assets in Nevada,
makes the following announcement:
The Company's Annual General Meeting ("AGM") will be held
on 28 June, 2013 at 11.00 am at the The Bewleys Hotel Ballsbridge,
Merrion Road, Dublin 4, Ireland.
Notice of the AGM, a form of proxy and the Annual Report
and Accounts (see also www.usoil.us) for the period ended
30 September, 2012 (the "Documents") will be posted to
shareholders on 4 June 2013.
Copies of the Documents will be available on the Company's
website www.usoil.us and available for inspection for one
month from today's date, free of charge, at the Company's
registered office: Alexandra House, The Sweepstakes,
Ballsbridge, Dublin 4, Republic of Ireland.
Further to the announcement of 31 May 2013, the chairman's
statement made reference to and amount of $2.17m for
cash and cash equivalents while the balance sheet show
a figure of $2,043,803. The figure in the chairman's statement
includes amounts due for a VAT refund.
THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY
FOR THE CONTENTS OF THIS ANNOUNCEMENT
Neither this announcement nor the information contained herein
constitutes an offer or solicitation by U.S. Oil and Gas plc for
the purchase or sale of any securities nor does it constitute a
solicitation to any person in any jurisdiction where solicitation
would be unlawful.
For further information contact:
Brian McDonnell, Chief Executive Officer +353 (0) 87 238 3419
Alexander David Securities Ltd - Corporate Finance Adviser
Fiona Kinghorn/David Scott +44 (0) 20 7448 9800
Jonathan Charles +44 (0)779 189 2509
Simon Kiero-Watson +44 (0) 20 7653 1935
Alex Benger +44 (0) 20 7653 1935
ADR Broker Desk, Deutsche Bank
Simon Davies and Richard Willis
Tel: +44 (0) 20 7547-6500
Fax: +44 (0) 20 7547-9995
Tel: +1 212 250-9100
Fax: +1 732 544-6346
About American Depositary Receipts (ADRs)
An ADR is a negotiable certificate that represents ownership
in securities of a non U.S. company. ADRs are issued by a
sponsoring U.S. bank and denominated in U.S. dollars. An
ADR represents a specified number of shares (or one share)
in a foreign stock that is traded on a U.S. exchange.
ADRs allow foreign companies shares to be traded in a similar
manner to shares in U.S. companies on the New York Stock
Exchange (NYSE), the American Stock Exchange (AMEX),
Nasdaq and the over-the-counter (OTC) market.
ADRs enable U.S. citizens to acquire shares in a foreign
company without the need for cross border or cross currency
transactions. Any dividends and capital gains are in U.S. dollars.
About U.S. Oil & Gas
U.S. Oil & Gas plc, (GXG London: USOP, OTC New York: USOPY),
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.
U.S. Oil & Gas PLC.
For further information please refer to our website at: www.usoil.us