Press Releases
2012
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10 April, 2012 – U.S Oil & Gas Plc – Statement on delisting from PLUS Exchange – Correction
On April 4 2012, U.S. Oil & Gas plc (PLUS: 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, and the directors are still unaware of those identities.
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10 April, 2012 – U.S Oil & Gas Plc – Statement on delisting from PLUS Exchange
On April 4 2012, U.S. Oil & Gas plc (PLUS: 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, and the directors are still unaware of those identities.
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05 April, 2012 – U.S. Oil & Gas Plc – Delisting of Company from PLUS Exchange
U.S. Oil & Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, announces that it has been delisted from the PLUS Exchange under Rule 79 effective as of April 4, 2012. Rule 79 provides PLUS Regulation with a discretion to withdraw issuers from the PLUS-quoted market and clarifies that PLUS Regulation will withdraw the securities of an issuer no later than six months after the date of suspension. The Board of US Oil & Gas is surprised at the PLUS decision, as it had been led to believe that dialogue was continuing.
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05 April, 2012 – U.S. Oil & Gas Plc – Operational Update
U.S. Oil & Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, announces the following operational update: Major Oil International LLC, U.S. Oil's wholly owned subsidiary, has signed a contract with Nabors Industries Inc. to drill the Eblana #1 well, plus at least one further well, on the Company's 100% owned Hot Creek Valley, Nevada prospect. Nabors Industries
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20 March, 2012 – U.S. Oil & Gas plc – Award of Permit to Drill
U.S. Oil & Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, is pleased to announce that the Nevada Bureau of Land Management has approved a permit to drill its first exploration well, Eblana #1 well on its Hot Creek Valley property. The Application for Permit to Drill (APD) was awarded to Major Oil International LLC, a wholly owned subsidiary of U.S. Oil & Gas.