Press Releases
2011
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09 May, 2011 – US Oil and Gas – Directors Dealing
USOIL, the Oil and Gas exploration company with exploration assets in Nye County Nevada makes the following announcement. As a result of the previously announced orderly market agreement, 100,000 Ordinary Shares were to be transferred from Nial Ring to Mr. Peter Whelan. These 100,000 Ordinary Shares have been temporarily placed in the nominee account of Mr. Brian McDonnell, Managing Director on 6 April 2011. The 100,000 Ordinary Shares were transferred into Mr. Brian McDonnell's nominee account at nil consideration. Mr. Brian McDonnell notified the Company regarding this transfer of 100,000 Ordinary Shares on 14 April 2011.
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12 April, 2011 – US Oil and Gas – Holdings in Company
The Company today received notification that, following the placing that was conducted on 30 March 2011 (the "Placing"), CFS Independent Limited controls 1,668,835 ordinary shares of 0.0001p each, with one right to vote each, in the Company ("Ordinary Shares"), representing 4.45% of the voting rights in the issued ordinary share capital of the Company.
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03 April, 2011 – US Oil and Gas – Share Transactions
USOIL, the Oil and Gas exploration company with exploration assets in Nye County Nevada makes the following announcement. 1,000,000 ordinary shares of ?0.0001 each, with one right to vote each, in the Company ("Ordinary Shares") held by a former director Mr. Nial Ring have been gifted back to the Company at nil consideration. This is part of a share allocation
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31 March, 2011 – US Oil and Gas plc – Total Voting rights
In accordance with the PLUS Rules, the Board of U.S. Oil and Gas plc confirms that the Company has 37,541,082 ordinary shares of €0.0001 each in issue, with each ordinary share holding one voting right. The above figure may be used by shareholders
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Maximum Recoverable Oil Reserves of 113 Million Barrels for Eblana Phase 1, Funding Round Completed. Highlights: · Volumetric Analysis estimates maximum quantity of crude oil commercially recoverable in USOIL's Eblana Phase 1 is 113 million barrels · Funding of up to circa $8.5m (£5.3m) raised and in place · Fully financed for upcoming drilling programme and detailed preparations for spudding-in are complete