Press Releases
2010
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12 November 2010 – US Oil and Gas – Operations Update
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with lease acreage in Nye County, Nevada, announces an update on its operations. The Company has prepared a shortlist for the selection of a drilling contractor in preparation for spudding- in its first target: Well 01, Eblana Phase 1 Section 2, North. The well is intended to be drilled to a target depth of 2,650 metres, and drilling operations are expected to take approximately 25 days.
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09 September, 2010 – U.S. Oil and Gas plc – Operations Update
Land staked for spudding, Nye County, Nevada, USA U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with explorations assets in Nye County, Nevada, announces an update on its operations. US Oil today confirms that it has staked the access road, drill pad and filed staking plans with the US Federal Authorities in Nevada in preparation for the drilling of its first target, Well 01, Eblana Phase 1 Section 2, North.
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07 September, 2010 – U.S. Oil and Gas plc – Operations Update, Nye County, Nevada
Analysis of the structural fault systems and integration of the Hydrocarbon Resonance values and geochemical results show high correlations for US Oil’s first drilling target. The Directors of U.S. Oil and Gas plc are pleased to announce that the technical analysis of the data collected at US Oil’s exploration acreage in Hot Creek Valley, Nevada, confirms an extremely high correlation between the Hydrocarbon Resonance Energy Distribution using IPDS technology and Geochemical Survey results.
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Further analysis of the results of geochemical tests from USOIL's Eblana Phase 1, Sections 1 (West) and 3 (East) survey areas confirms the presence of oil and indicates structures that are analogous to the nearby oilfields in Trap Springs, Railroad Valley, 20 miles to the east. This result confirms the Company's choice of Section 3 (East) as its second well-drilling target. Detailed analysis of data from Section 1 (West) shows that a massive fault (SW/NE) lies through Section 1 (West) and Section 3 (East).
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30 June, 2010 – US Oil and Gas Plc – Total Voting Rights
Total Voting Rights In accordance with the PLUS Rules, the Board of confirms that the Company has 31,674,807 ordinary shares of EUR0.0001 each in issue, with each ordinary share holding one voting right. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are