U.S. Oil and Gas plc
(“USOIL” or “the “Company”)
Cancellation of EGM
U.S. Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with exploration assets in Nye County, Nevada, makes the following announcement.
RE: Notice convening an Extraordinary General Meeting of the Company,
Hotel Kilkenny, College Road, Kilkenny, Co. Kilkenny, Ireland on the 24th day of May, 2010 at 3.30pm. —————————————————————————————————–Following
Following the resignation of Mr Liam McGrattan on the 11th May, 2010, and that of Mr Nial Ring on the 14th May, 2010, from the Board of Directors of U.S. Oil and Gas Plc and its subsidiary companies, the Notice of EGM is hereby cancelled and the EGM will not take place.
The Company wishes to thank all of its shareholders for their continued support.
James T Guiry
THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT.
For further information contact:
US 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
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 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 further information please refer to our website at: www.usoil.us
U.S. OIL AND GAS PLC
(END) Dow Jones Newswires
May 17, 2010 09:05 ET (13:05 GMT)
Archive ref: SN20100517004773.nml