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Thursday, 06/22/2017 5:15:49 PM

Thursday, June 22, 2017 5:15:49 PM

Post# of 231
Revised Resource Estimates (10 February, 2017)

U.S. Oil & Gas Plc, ("USOIL" or the “Company”), the oil and gas exploration company with assets in Nevada, makes the following announcement:

After a review of petrophysical parameters, Baker Hughes Inc. have reported revised Original Oil-in-Place estimates for the Tertiary zones in the area updip to the Eblana #1 well as follows:

Original Oil in Place (OOIP) is 283 million barrels (low case); 1,033 million barrels (best case); and 1,993 million barrels (high case).

Recoverable Resources at 20% recovery factor are as follows: 57 million barrels (low case); 207 million barrels (best case); and 400 million barrels (high case).