US Oil & Gas (USOPY)

[Sionica]

Company Update (23 December, 2015)
23 December, 2015
U.S. Oil & Gas Plc.

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

Admission to a regulated stock exchange
The Company continues to explore its options towards achieving a listing on a recognised stock exchange. To this end, the Board is pleased to announce that LHM Casey McGrath has been appointed management advisor to the admissions process. Further details will be announced in due course.

Strategic Planning
Currently, risk aversion in the oil and gas industry is extremely high, slowing progress towards an industry partnership to facilitate large-scale exploration activity in Hot Creek Valley. However, discussions with potential partners are continuing, and in the meantime the Company has made significant advances in its operational and corporate agendas.
The Board is confident that the considerable progress made in recent months will allow US Oil to move forward on both corporate and exploration fronts irrespective of broader industry conditions. A full report, detailing corporate and operational plans will be made to shareholders in the very near future.