U.S. Oil and Gas PLC
(“US Oil” or “the Company”)
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.
The Company will provide an update on progress as plans are finalised.
Brian McDonnell, Chief Executive Officer of US Oil, said: “We are excited to commence our drilling programme and look forward to sending out progress reports over the next couple of months.”
THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT
For further information contact:
U.S. Oil and Gas plc
Brian McDonnell, Chief Executive Officer +353 (0) 872383419
SVS Securities plc – PLUS Corporate Adviser
Peter Ward / Alexander Brearley +44 (0)20 7638 5600
SVS Securities plc
Ian Callaway / Alex Mattey +44 (0)20 7638 5600
Jonathan Charles +44 (0)20 7429 6611
[email protected] +44 (0)7791 892509
Notes to Editors
US Oil is a PLUS (Ticker: USOP) listed oil and gas exploration company with a strategy to identify and acquire oil and gas assets in the early phase of the upstream life-cycle and mature them into marketable opportunities for the medium- and large-sized oil companies.
The Company’s main asset is in Nye County, Nevada where it holds the entire share capital of the US-based company Major Oil International LLC. Major Oil has acquired, and intends to acquire, rights to exploration and development acreage in two high potential resource areas in Hot Creek Valley, Nye County, adjacent to the oil and gas rich Railroad Valley area of Nevada, both of which are part of the Sevier Thrust of central Nevada and western Utah, USA.
For more information please visit: www.usoil.us