Press Releases
2012
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8th May, 2012 – U.S. Oil & Gas Plc – Operations update
Eblana #1 Well Spud ------------------- U.S Oil & Gas plc (GXG: USOP) is pleased to announce that its wholly-owned subsidiary Major Oil International LLC spudded in its first exploration well, Eblana #1, in Hot Creek Valley, Nevada at 23.32 hours on 7th May, 2012. Drilling began immediately after the spud in, and total depth achieved at the time of this release is 285 feet.
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3rd May, 2012 – U.S. Oil & Gas Plc – Operations update
Major Oil International LLC, a wholly owned subsidiary of U.S. Oil & Gas plc (GXG: USOP), has completed the mobilization of equipment in preparation for drilling its first exploration well, Eblana #1 in Hot Creek Valley, Nevada. The first day of drilling is planned for Saturday 5th May.
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27 April, 2012 – U.S. Oil & Gas Plc – Operations update
Major Oil International LLC, a wholly owned subsidiary of U.S. Oil & Gas plc (GXG: USOP), has completed earthworks and site construction in preparation for drilling its first exploration well, Eblana #1 in Hot Creek Valley, Nevada. Mobilisation of equipment in preparation for drilling commenced today. Spudding up is scheduled to take place on Thursday 3rd May.
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19 April, 2012 – U.S Oil & Gas Plc – U.S. Oil & Gas plc is admitted to the OTC level of GXG Markets
Shares in U.S. Oil & Gas plc commenced trading today on the OTC level of GXG Markets. U.S. Oil & Gas plc is an (Ticker: USOP) oil and gas exploration company with a 90 sq. km. oil exploration lease area in Hot Creek Valley, Nevada, USA. The Company has contracted to drill up to two exploration wells, the first scheduled to spud on May 1st 2012.
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19 April, 2012 – U.S. Oil & Gas Plc – Statement on delisting from PLUS Exchange
On April 4 2012, U.S. Oil & Gas plc (Ticker: USOP), the oil and gas exploration company with its main asset in Nevada, USA, was delisted from the PLUS Exchange under Rule 79. Rule 79 provides PLUS Regulation with a discretion to withdraw issuers from the PLUS-quoted market. The shares of U.S. Oil & Gas were suspended from trading on PLUS Markets on 23rd August 2011. The reason given by PLUS Markets for the suspension was a 'disorderly market'. At no stage in the PLUS investigation was the Company or its directors accused of being implicated in this in any way. At no stage have the directors been aware of the identities of those being investigated in this regard.