Press Releases
2010
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30 April, 2010 – US Oil and Gas plc – Notice Convening an EGM of the Company
Notice of EGM U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with explorations assets in Nye County, Nevada resolve that:
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U.S. Oil and Gas Plc (Ticker: USOP) reports that Passive Seismic Survey results for an area of its Nevada lease show three high potential well-drilling targets. The Infrasonic Passive Differential Spectroscopy Survey (IPDS) produced very high DHI (Direct Hydrocarbons Indicator) readings, indicating a significant accumulation of hydrocarbons.
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U.S. OIL and Gas plc has completed ground geophysical and geochemical surveys over an area of its oil and gas leases and has detected anomalies associated with hydrocarbon seepage.
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From geophysical studies recently completed, U.S. Oil and Gas plc, (USOIL), (Ticker: USOP) confirms a significant and direct correlation between the lineaments defined by alignments of saddles and other variations in basin based gravity anomalies within its lease area in Hot Creek Valley, Nevada.
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U.S. Oil and Gas plc, Ticker: USOP, (USOIL), the oil and gas exploration company, has closed its first day of trading on London’s PLUS markets exchange at 8p sterling per share, representing a gain of 60% over the 5p Offer price. The positive share performance is seen by the company as showing the market’s confidence in the company’s prospects and in the oil exploration sector in general.