US Oil & Gas (USOPY)

[Sionica]

U.S. Oil & Gas plc - GXG Markets and CISE
London, July 23
23 July 2015

GXG Markets and CISE

U.S. Oil & Gas Plc (GXG London: USOP, OTC New York: USOPY), the oil and gas exploration company with assets in Nevada, makes the following announcement:

In a press release dated Wednesday 22nd July 2015 11:00 CEST, the Board of GXG Markets announced that GXG Markets is to be sold to The Channel Islands Securities Exchange Limited (CISE) and that current listings on the GXG Official List, GXG Main Quote and GXG First Quote that meet CISEA's listings and disclosure rules will have the opportunity for seamless migration to CISE by 18th August 2015.


The Board of US Oil & Gas plc welcomes the proposed development as potentially offering the Company's shareholders the opportunity to continue trading in US OIL & Gas securities with minimal disruption. The Company expects that GXG Markets and/or CISE will communicate further details in due course, and the Board of US Oil & Gas will then be able to take an informed view on the implications for the Company and shareholders of the proposed arrangements.