US Oil & Gas (USOPY)

[Sionica]

Operations Update - Permits approved for well re-entry...
U.S. Oil & Gas plc
31 March 2016

U.S. Oil & Gas Plc, the oil and gas exploration company with assets in Nevada, makes the following announcement:

All permits required for re-entering the Eblana #1 well for drilling operations have now been approved by the State of Nevada Division of Minerals (NDOM) and the Bureau of Land Management of the U.S. Dept. of the Interior (BLM).

The company will now proceed with further modelling and logistics planning for the Vertical Seismic Profiling (VSP) survey, and the conditional appointment of a drilling contractor.