Press Releases
2012
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08 June, 2012 – U.S. Oil & Gas Plc – Operations Update: Eblana #1
U.S. Oil & Gas plc (GXG: USOP), an oil and gas exploration company focused on Nevada, USA, announces that the Eblana #1 exploration well, being drilled by its wholly owned subsidiary Major Oil International LLC, encountered nine large potential porous oil reservoir intervals (approx. 1,100 feet) and associated high fracture zones before reaching its target depth of 8,550 feet on 26th May 2012. The initial interpretation of well logs confirms all of the hydrocarbon shows and reservoir intervals previously recorded while drilling.
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31 May, 2012 – U.S. Oil & Gas plc – Share Transfers
U.S. Oil and Gas plc (PLUS:USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada makes the following announcement. Dave and Bobbi Murphey, suppliers on Eblana #1 well have exercised a right contained in the terms of their contract, which relates to them taking 3,465 ordinary shares in the capital of the Company in lieu of payment. The aforementioned 3,465 ordinary shares will be transferred from the Company's treasury forthwith.
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30 May, 2012 – U.S. Oil & Gas Plc – Operations Update: Eblana #1
U.S. Oil & Gas plc (GXG: USOP), an oil and gas exploration company focused on Nevada, USA, is pleased to announce that the Eblana #1 exploration well, currently being drilled by its wholly owned subsidiary Major Oil International LLC, reached its Target Depth of 8,550 feet on 26th May 2012 at 19.05 hours PST. The well has been successfully cased and cemented.
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25 May, 2012 – U.S. Oil & Gas Plc – Operations Update Eblana #1
U.S. Oil & Gas plc (GXG: USOP) an oil and gas exploration company focused on Nevada, USA, is pleased to announce that the Eblana #1 exploration well currently being drilled by its wholly owned subsidiary Major Oil International LLC reached a depth of 7,474 feet on 23rd May 2012 at 22.00 hours PST. Oil shows observed and samples collected while drilling indicate multiple potential hydrocarbon pay zones. An estimated gross section of up to one thousand feet
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10 May, 2012 – U.S. Oil & Gas Plc – Share Transfers
Share Transfers U.S. Oil and Gas plc (PLUS:USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada makes the following announcement. Soran Talabani, Drilling Manager on Eblana #1 well has, through his company GTC Global Oil and Gas Consultancy exercised a right contained in the terms of his contract, which relates to him taking 25,000 ordinary shares in the capital of the Company in lieu of payment. The aforementioned 25,000 ordinary shares will be