16 January, 2017 - U.S. Oil & Gas Plc. - Shareholder interest
U.S. Oil & Gas Plc.
("US Oil" or the "Company")
U.S. Oil & Gas Plc, the oil and gas exploration company with assets in Nevada, makes the following announcement:
A large number of shareholders have contacted the Company to express an interest in acquiring further shares. As a result, the Company is considering the most efficient and equitable means of enabling this.
Due to the amount of correspondence, the Company will not be able to answer individual queries on this matter, but will announce details of its planned way forward by Regulatory News Release in due course.
The Board wishes to express its sincere appreciation for the support shown by shareholders.
THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS
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 (1) 631 9022
Alexander David Securities Ltd - Corporate Finance Adviser
David Scott +44 (0) 20 7448 9820
James Dewhurst +44 (0) 20 7448 9820
Definitions: The terms ‘Reserves’ and ‘Contingent Resources’ are as defined in the ‘Petroleum Resources Management System’ of the Society of Petroleum Engineers.
About U.S. Oil & Gas:
U.S. Oil & Gas plc 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.
For further information please refer to our website at: www.usoil.us