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U.S. Oil and Gas plc was formed to exploit the potential for substantial oil and gas finds in one of North America's most prolific oil producing regions utilizing the most advanced technology available.

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.

Summary of progress to date

U.S. OIL and GAS (USOIL), with its strong team of operating professionals, is primarily engaged in the exploration of its Nevada lease acreage, where strong exploitation potential has been identified. Using the latest technology available, U.S. OIL and GAS believes it can develop its resource opportunities cost effectively and in a time efficient manner.

U.S. OIL and GAS’s aim is to build on its current exploration base and bring new opportunities to the pre-production stage as well as to identify strategic partners to jointly develop and/or sell the target assets.

U.S. OIL and GAS continually researches the potential for additional lease acreage to augment its current portfolio.

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