U.S. Oil and Gas PLC(“USOIL” or “the Company”)
USOIL, the Oil and Gas exploration company with exploration assets in Nye County Nevada makes the following announcement.
Further to the announcement made on 9 May 2011, 100,000 Ordinary Shares were yesterday transferred to Mr. Peter Whelan from Brian McDonnell’s account.
Mr. Brian McDonnell notified the Company regarding this transfer on 15 July 2011. Mr. Brian McDonnell has had no beneficial interest in the aforementioned 100,000 Ordinary Shares.
Following this transfer of 100,000 Ordinary Shares, Mr. Brian McDonnell’s beneficial interest in the Company remains the same, which is 5,144,091 Ordinary Shares with one voting right each, representing 13.70% of the voting rights in the issued ordinary share capital of the Company. Following the transfer of 100,000 Ordinary Shares, Mr. Brian McDonnell’s legal interest in the Company is now also 5,144,091 Ordinary Shares with one voting right each, representing 13.70% of the voting rights in the issued ordinary share capital of the Company.
Included in Mr. Brian McDonnell’s holdings above are Ordinary Shares owned by Spurt Concepts Limited, a company of which Mr. Brian McDonnell is a shareholder and director, and Ordinary Shares owned by Carrefour Training and Development Ltd., a company of which Mr. Brian McDonnell is a shareholder and director and Ordinary Shares held by Mr. Brian McDonnell’s father, Bernard McDonnell.
— ENDS — 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 – Broker Ian Callaway / Alex Mattey +44 (0)20 7638 5600
Notes to Editors
US Oil and Gas plc 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 in to 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 further information please refer to our website at: www.usoil.us. U.S. OIL AND GAS PLC (END) Dow Jones NewswiresJuly 15, 2011 10:23 ET (14:23 GMT)