Press Releases
2016
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22 March 2016 – U.S. Oil & Gas Plc.- Operations Update
Intention to Drill - Technical Update Based on its studies, the Company’s intention, subject to funding, is to re-enter the Eblana #1 well, sidetracking the drill depending on the results of the planned VSP survey. The existing well will be plugged back to 3,220 ft and new casing will be run. Further drilling will be carried out to a target depth of up to 13,000ft. A technical description of the proposed re-entry plan ‘Technical Briefing March 22, 2016’ can be found at www.usoil.us.
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21 March 2016 – U.S. Oil & Gas Plc.- Open Offer Update
Proposed Open Offer of 10,744,663 Ordinary Shares To satisfy requests from certain Fund Managers and their clients, the Open Offer close has been extended by 14 days. The Open Offer close dates are now as follows: Recommended latest time for requesting withdrawal of CREST Open Offer Entitlements from CREST: 16:30 on 12 April 2016 Latest time and date for depositing CREST Open Offer Entitlements into CREST: 15:00 on 13 April 2016 Latest time and date for splitting of Application Forms (to satisfy bona fide claims only): 15:00 on 14 April 2016 Latest time and date for receipt of completed Application Forms from Qualifying Shareholders and payment in full under the Open Offer or settlement of relevant CREST instruction (as appropriate): 11:00 on 15 April 2016
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11 March 2016 – U.S. Oil and Gas Plc.- Open Offer
U.S. Oil and Gas Plc. ("U.S. Oil" or the "Company") Open Offer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, SWITZERLAND OR SOUTH AFRICA OR ANY OTHER […]
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Consolidated Audited Annual Results for Period Ended 31 July, 2015 The Company is pleased to report its consolidated annual results for the year period ended 31 July 2015. Financial Highlights
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10 March 2016 – U.S. Oil & Gas Plc. – Operations update
Operations update Operations Update and Intention to Drill In a May 2013, an independent Competent Person’s Report (CPR) by Forrest A. Garb & Associates (FGA) of Houston, Texas, estimated 19.2 million barrels Contingent Resources (C50) for a portion of the Company’s lease area in Hot Creek Valley Nevada. Since then, the Company’s stated intention has been to achieve Reserves status for some part of those estimated Resources. The Board believes that Reserves would significantly improve the Company’s position in terms of finalising an industry partnership to fund large-scale exploration and development of the Hot Creek Valley property.