US Oil & Gas (USOPY)

[shanon1]

I don't believe they are different, if I thru a broker transfer like 10 shares I get 1 USOP, are not these the ADRs, anyways I bought them 2 years ago and they have slowly bottomed, I think if you are on the usopforum and search with uslgf, threads come up about this. I look a bit more but thought you might know more. Thanks.

[Sionica]

Hi Shanon1

Is this not a different company?

A: The ticker does not match either GXG (USOP) or OTC (USOPY)
B: USLGF is quoted in $ - although the price matches GXG if in £ (Sterling)
C: It has a different number of shares outstanding and market capitalization.

Cheers

S.

[shanon1]

Hey do you mind posting any info on the uslgf board, thanks.

[Sionica]

Placing of Ordinary Shares

29 May 2015


Underwritten Placing of Ordinary Shares to raise £100,000

Further non underwritten placing to raise a further £200,000

Issue of shares to Alexander David Securities Limited

U.S. Oil & Gas Plc (GXG London: USOP, OTC New York: USOPY), the oil and gas exploration company with assets in Nevada, is pleased to announce that it has placed, subject to admission to GXG Markets Main Quote, 1,111,112 New Ordinary Shares (the "Placing Shares") at a price of STG .27 per share (the "Placing Price" ) to raise gross proceeds of circa $430,000.

The Placing of £100,000 has been underwritten by Alexander David Securities Limited. The balance of the placing has not been underwritten. Valid placing letters have been received for the entire placing.

The proceeds of the placing will be used to provide the USOP with additional working capital.

In addition the Company has issued 185,185 shares to Alexander David Securities Limited as consideration of its invoice in connection with ongoing advice in connection with its recent suspension and return to trading.

The net proceed to be received by the Company are $430,000.

The 1,296,297 new ordinary shares will shortly be admitted to trading on GXG Main Quote.

Following the Placing, the issued share capital of the Company will increase to 42,978,653 ordinary shares of .0001 Euro cent each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

The following parties have an interest of more than 3% in the shares of the Company:

Name No of Shares Percentage holding

Brian McDonnell 3,913,234 9.1%

[Sionica]

Interim Results

29 May 2015

U.S. Oil & Gas Plc (GXG London: USOP, OTC New York: USOPY), the oil and gas exploration company with assets in Nevada, is pleased to report its interim results for the six months ended 31 March 2015.

Corporate highlights:

GXG Markets restored trading in the Company's securities at 9.00 CET, Tuesday 26th of May 2015 after its suspension of 15 December 2014. This action follows the completion by GXG Markets of its investigation and the findings of an independent Due Diligence Report that confirmed that the Company had not misled the market.

The primary aim of the Company has been to negotiate a partnership that would allow it to develop its Hot Creek Valley discovery by drilling further wells. To this end the Company has continued its intensive promotional activities within the industry. Complex negotiations have taken place, and active engagement continues. The extraordinary industry turbulence of the last months and the negative impact of the GXG Markets suspension has undoubtedly affected the rate of progress in this regard. However, the Board believes that, as a conventional oil play with low uplift costs, the project remains a highly attractive partnership proposition.

Financial highlights:

The suspension of trading in the Company's shares by GXG Markets exposed US Oil and Gas to substantial additional costs. At the period-end the Company had cash and cash-equivalents, excluding treasury shares, of US$271,521.

Operational highlights:

1. A Composite 3D model of the Hot Creek Valley property based on the data acquired in 2014 and identifying the oil pools is now complete.

2. A drill targeting study based on all available data is now complete.


...
...
...

[Sionica]

Notice of AGM

27 May 2015

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:

The Company's Annual General Meeting ("AGM") will be held on 19 June, 2015 at 11.00 am at the Radisson Blu St. Helen's Hotel, Stillorgan Road, Blackrock, Co Dublin, Ireland.

Notice of the AGM, a form of proxy and the Annual Report and Accounts (see also www.usoil.us) for the period ended 30 September, 2014 (the "Documents") will shortly be posted to shareholders.


AGENDA

Ordinary Business

1. To receive and consider the financial statements for the year ended 30 September 2014 and the reports of the Directors and Auditors thereon
2. Re-election of Karim Akrawi as a Director
3. To authorise the Directors to fix the remuneration of the Auditors
4. To consider the continuation of LHM Casey McGrath as Auditors
5. Authorisation to fix the remuneration of the Directors

Special Business

6. Authorisation of Directors to allot shares
7. Authorisation to allot equity securities otherwise than in accordance with statutory pre-emption rights
8. Determination of the price range for the re-issue of treasury shares off-market.

Copies of the Documents will be available for inspection for one month from today's date, free of charge, from the Company's registered office at: Alexandra House, The Sweepstakes, Ballsbridge, Dublin 4, Republic of Ireland.

[Sionica]

GXG Resumption of Trading

26 May 2015

U.S. Oil & Gas Plc (GXG London: USOP, OTC New York: USOPY), the oil and gas exploration company with assets in Nevada, is pleased to announce that GXG Markets restored trading in the Company's securities at 9.00 CET, Tuesday 26th of May 2015. This action follows the completion by GXG Markets of its investigation and the findings of an independent Due Diligence Report that confirmed that the Company had not misled the market.

In a previous announcement, the Company welcomed GXG Markets' appointment of an independent Due Diligence consultancy. The Due Diligence Report encompassed the history of the Company from September 2011, its communications with the Market over a two year period, its discovery of oil in Hot Creek Valley, as well as its governance and administrative processes.

The Company believes that the GXG Markets' investigation was prompted by unfounded allegations made to GXG Markets, including anonymous internet allegations. These allegations were contrived, vexatious and utterly without foundation.

US Oil and Gas CEO Brian McDonnell said: 'With the restoration of trading and the independent Due Diligence Report, we can now move forward vigorously with our corporate and exploration agendas.'

[inti23]

right. they were 1 of the 2 on gxg with heavy volume before.. in fact, so many companies listed there based on their example..and of course they all got suspended or delisted there..
i doubt they can pull if off here. i think it's worthless for them to be on otc at this pps..unless they uplist to big boards, but lets see.

see EGOH, if you want to make $, not too late to get in.

[Sionica]

Initiation of Due Diligence report

U.S. Oil & Gas plc (USOP)

Wednesday, 18th March 2015 09:44 CET

As part of an on-going investigation that the GXG Regulatory Team undertakes in relation to U.S. Oil & Gas plc (USOP), a decision was earlier made to request a due diligence report from U.S. Oil & Gas plc (USOP). This report needs to be produced by an independent due diligence firm. GXG hereby announces that a due diligence provider has started to prepare a due diligence report. The report will take up to six weeks to produce, and is expected to be ready by the end of April 2015.

No decision has yet been made regarding a potential lifting of the suspension of the trading, or a potential disciplinary action. The due diligence report serves as a material part within the investigation and the GXG Regulatory Team therefore awaits the results of the report to then conclude its findings.

GXG Regulatory Team
 
 

[Sionica]

Update and Market Clarification

U.S. Oil & Gas plc - Update and Clarification
18 March 2015

USOP has been notified by GXG Markets that a number of emails have been received by GXG Markets suggesting that the Company would believe the Due Diligence Report requested by GXG Markets is merely a formal procedure and that suspension will be lifted as soon as possible.

The Company cannot be held responsible for the opinions of third parties and wishes to clarify that in welcoming the report it is not prejudging its content or effects.

The Due Diligence Report requested by GXG Markets has been request pursuant to the on-going regulatory issue and investigation undertaken by the GXG Regulatory Team as a part of the investigation. Any lifting of the Company's suspension of its shares is dependent on the findings by the GXG Regulatory Team in the on-going regulatory investigation. The Due Diligence Report serves as a part of that investigation and will be part of the grounds on which the GXG Regulatory Team concludes its findings.

Recent internet speculation has implied that the Company was informed by GXG of the appointment of a Due Diligence partner shortly after the decision by the GXG Regulatory Team to commission a Due Diligence Report from the Company as a part of the GXG Market regulatory investigation. The Company wishes to correct the impression in the market that the Company was withholding the name of a Due Diligence partner as the Company was only informed by GXG on 5 March, 2015.
 
 

[Sionica]

100 shares traded so far today @ $6.80

$6.80 Bid - $10.50 Ask

Equates to roughly £0.44 - £0.67 on the GXG exchange.

Considering trading on the GXG was suspended @ £0.24, that's quite a premium.

 

[Sionica]

Annual Financial Report
U.S. Oil & Gas Plc.
27 February 2015

Consolidated Audited Annual Results for 30 September 2014

The Company is pleased to report its final results for the year ended 30 September, 2014.

Operational Highlights

- Geophysical and geochemical survey of the full acreage
- Field Development Plan
- 3D basin modelling study
- Drill targeting study
- Consolidation of online Data Room

Corporate highlights

- Continuing dialogue with partners
- Suspension by GXG Markets

Financial Highlights

Administration expenses $492k (2013: $1,601k). The decrease in expenditure was primarily due to the reduced exploration activity over the period and reduced legal and professional fees.

Total comprehensive loss $492k (2013: $1,599k) and cash and cash equivalents $520k (2013: $986k). As a result of VAT refunds, the cash and cash equivalents on hand as at 31 December 2014 amount to just over $358k. The Company is debt-free.

A detailed cash flow based on present resources indicates that the Company has sufficient working capital for 12 months. This sum is excluding a repayable Bond of $100,000 lodged with US regulatory authorities to cover possible future well reclamation costs, part or all of which may be recoupable.

Review of the year ended 30 September 2014

The twelve months to 30 September 2014 saw intense activity in both exploration and corporate spheres. Additional data sets were collected on the land acquired in 2012, and a significant marketing effort was undertaken leading to intensive partnership discussions.

On May 23, 2013, the Company announced the findings of an independent Competent Person's Report (CPR) prepared by Forrest Garb & Associates (FGA). Although the Eblana-1 well was not commercial, it did establish the presence of hydrocarbons. Best Estimate (P50) of Total Prospective Recoverable oil for the Company's full acreage was 57.2 million barrels. Contingent Recoverable oil for the immediate area of the Eblana #1 well (P50) was estimated at 19.256 million barrels. The High estimate (P10) for the Hot Creek Valley Prospect was 3,342,163 million barrels.

Since the publication of the CPR, we have followed FGA's recommendation that further surveys be undertaken to establish the direction of 'updip' from Eblana-1. In late 2013 and into 2014, the Company undertook a reconnaissance Geochemical survey of its hitherto unsurveyed acreage and carried out Gravity Magnetic and Geochemical surveys of the area around the Eblana #1 well.

Results from the surveys were reported in May 2014. The data collected were used to complete a full geological model of the target area and have provided the structural information required for provisional targeting of the next drills. The data also confirms that the oil reservoir previously identified, and targeted by the Eblana-1 well, extends significantly further South to South West into the Company's acreage. The survey of the wider acreage suggests the possibility of a large-scale field in Hot Creek Valley.

A Field Development Plan was also completed in 2014. The plan modelled exploration and production factors, resource and infrastructure requirements as well as potential economic performance for a number of different development scenarios and has since proved invaluable in discussions with potential industry partners.

Corporate and Planning

The primary focus of the Company's corporate activity has been to establish the strategic partnerships necessary to develop the Hot Creek Valley discovery. The Company engaged in dialogue with several potential partners about farm outs, investments, joint ventures, loans and other options. A comprehensive Data Room was established to facilitate discussions.

Post Balance Sheet Events

Industry environment

Since the end of this reporting period, the Oil and Gas industry has been shaken by a precipitous fall in the oil price. This followed on from a year in which escalating production costs in the US had already led many Companies to divest themselves of peripheral assets and consolidate their activities in core regions.

Partnership discussions
In spite of a turbulent environment and the GXG Markets suspension (see below), partnership discussions continue.

Drilling programme

As previously announced, drilling activities the Company hoped to carry out in Q4 of 2014 were dependent on partnership and/or further funding being finalised within the required time-frame. Since that did not occur, further drilling was deferred until such time as a partnership or funding agreement is achieved.

GXG Market

On December 15th 2014, trading in the Company's shares was suspended on the GXG Markets. The basis for the suspension, as communicated to the company by GXG Markets, was 'a disorderly market' seemingly connected to letters of complaint, including anonymous letters, internet comment and the breaking of unspecified market rules.

GXG requested that 'clarifications' be sent to them by January 5th 2015. The Company submitted its clarifications on 23 December, 2014, supported by documentation. On February 10, 2015, GXG Markets announced that a Due Diligence Report on US Oil and Gas would be requested. The Board of US Oil and Gas unreservedly welcomes this exercise and hopes that the process is expedited in the interests of the Company and shareholders. The Board expects that the Due Diligence Report will effectively and finally put an end to a sustained campaign of vilification and defamation directed against the Company.

Outlook

Given the unpredictable nature of oil and gas exploration in terms of time and cost, and especially in the light of current industry turbulence, the Board's policy of minimising fixed costs and conserving funds has been entirely vindicated. This approach has placed an enormous burden on the team and has delayed certain desirable developments in terms of recruitment and company infrastructure but has undoubtedly contributed to the company's financial stability to date.

I believe that US Oil & Gas has, in this last period, made excellent progress in a difficult environment. The overriding Company objective remains to drill further wells in Hot Creek Valley, to progress the project towards a commercial find, to move our Contingent Resources further up the value chain to Proved Reserves, to further delineate the extent and size of the oil system, and to achieve an industry partnership allowing the further development of the asset.

Brian McDonnell
Chairman
 
 

[Sionica]

U.S. Oil & Gas plc - GXG Markets - Update
London, February 10

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

GXG Markets have announced that a Due Diligence Report on US Oil and Gas has been requested.

The Board of US Oil and Gas unreservedly welcomes this exercise and hopes that the process is expedited in the interests of the Company and shareholders.

The Company believes that the GXG investigation was prompted by allegations made to GXG, including anonymous and internet allegations, and expects that the Due Diligence Report will effectively and finally put an end to a sustained campaign of vilification and defamation.


Extraordinary General Meeting (EGM)

The Board judges that until the GXG trading suspension is resolved, it would be premature to call an EGM immediately as previously envisaged. However, in due course the Board will call a shareholder meeting, subject to the relevant processes and procedures.
 
 
 

[Sionica]

Due Diligence Report requested from US Oil & Gas plc (USOP)

GXG Markets A/S : Tuesday, 10th February 2015 11:28 CET

Following the recent regulatory investigation of the Main Quote listed company US Oil & Gas plc (USOP) concerning the general suitability of the Company and a disorderly market in the company's shares, including breach of disclosure requirements, the GXG Regulatory Team has decided to request an independent Due Diligence Report of the Company pursuant to Rule 12.3 of the GXG Main Quote Rule Book.

Pursuant to the Market Rules the Due Diligence Report consists of:

a. An official visit to the company's OHQ or principal place of trading for a specified overseas operation to verify that the information submitted in the Issuing Company's Application represents an accurate reflection of the trading and or assets held, and

b. An interview with the principal directors of the company

c. A deeper local (national/regional) search for any public financial and/or press information regarding the company, and

d. A report including, but not limited to, clarification of the ownership of the company, the structure of the company and an opinion of good standing.
GXG Markets will point out a GXG Due Diligence Partner to undertake the Due Diligence Report. The Due Diligence Report will be undertaken as soon as possible. Until the Due Diligence Report is completed, the market quotation of the Company will remain suspended for investor protection. A final decision will be taken by the GXG Regulatory Team following the results of the Due Diligence Report.

The Rules:

"12.3. GXG reserves the right to request that any Issuing Company, DGI or not, must provide a Due Diligence Report at any time, being both in the admission process or after admission to the Market, if questions are raised to whether the Issuing Company must be considered suitable for listing on the Market."

"12.6. Should the Due Diligence Report, in the opinion of GXG, fail to demonstrate the suitability of the Issuing Company to have its Securities admitted to trading, GXG reserves the right to refuse Admission or in the case of an Issuing Company whose Securities have already been admitted to trading GXG may:

a. suspend the Issuing Company's Securities from trading;

b. terminate the Issuing Company's Securities from trading."

On behalf of the GXG Regulatory Team
 
 
 

[Sionica]

U.S. Oil & Gas plc - Announcement
London, December 16
GXG Market suspension

On the afternoon of 15 December 2014, GXG Markets communicated to the Company its decision to suspend the trading of the Company's securities with effect December 16, 2014, pursuant to Rule 24.1.d.

Rule 24.1.d states that GXG may suspend the trading of Securities where the protection of investors so requires.

The Company responded to GXG by addressing as many concerns as possible within the minimal time allowed and requested 24 hours to respond fully to the issues raised.

In response to the GXG action, the Company makes the following points:

1. It appears that allegations from a group of shareholders about the veracity of the Company's statements formed the basis of the GXG decision. The Company vigorously denies the allegations and stands by its statements.

2. In the same letter that informing the Company of the suspension, GXG requests that clarification be sent to them by January 5th 2014 (sic). Presumably 2015 was intended, but contradicting GXG's own stated position, a regulatory decision was taken without waiting for the Company's response.

3. The Company deplores the actions of the shareholders concerned in these repeated attempts to destabilise the Company by vexatious complaints to regulators and deeply regrets the potential damage done to the interests of the Company at this crucially important time in US Oil's programme.

4. The Company will do everything in its power to reassure GXG Markets and potential industry partners with whom it is currently in discussions regarding the wholly unfounded and unjust nature of the allegations made.

The full text of the GXG letter is may be downloaded from the Company website at http://www.usoil.us/?q=node/172

The Company's request to the GXG markets, asking for 24 hours to address the concerns raised can also be downloaded at http://www.usoil.us/?q=node/172


Extraordinary General Meeting (EGM)

As soon as the relevant processes and procedures allow, the Board of US Oil and Gas will call an EGM of the Company at which it will present a proposed programme of action for the consideration of shareholders.

[Sionica]

US Oil & Gas Proactive Investors Interview
By Sarah Lowther September 19 2014, 10:19am

US Oil & Gas CEO: We’re moving as fast as we can

[Sionica]

Company Update

19 September 2014

Update
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:

Partnership discussions
The company has received several approaches regarding partnership. Detailed discussions between the Company and several potential partners and investors are continuing, and the Company is pleased to report active and current engagement. Confidentiality agreements have been signed by all parties.

As previously announced, drilling activities the Company hoped to carry out in Q4 of 2014 are dependent on partnership and/or further funding being finalised in the near term. As the timetable of current discussions is not under U.S. Oil's control, shareholders are advised that the Company may not now meet this schedule.

Additional surveys
The plan to carry out surveys local to Eblana 1 in order to fine-tune the targeting of the next drill has now been subsumed in a larger survey programme, which forms part of the current partnership/funding discussions. The Company believes that it is in its interests to await the outcome of these discussions instead of proceeding unilaterally with further surveys, thus avoiding duplication of activities.

CEO Brian McDonnell said:
`We are currently engaged in active discussion of several proposals with potential partners, and these discussions include further survey activity on our Hot Creek Valley property. We are keen that the Company's programme, designed to raise our Contingent Resources to Proved Reserves, moves forward as quickly as possible, and we are confident that good progress is being made.

The Board understands that this process has taken longer than many had hoped but ask that shareholders give the Company the benefit of patience at this important time. We are excited by our prospects in Hot Creek Valley, confident in the potential of our asset, and we look forward to the next stages in a vigorous programme of exploration and development.'

[Sionica]

Alexander David Securities Research Note...

US Oil Gas Research Report May 2014 PDF

[mantan]

Zero volume - this stock has no legs and is grossly overvalued.

[Sionica]

30 June 2014 US Oil AGM 2014 Presentation

pdf format

[Sionica]

Result of AGM

1 July, 2014

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

The Board of Directors of U.S. Oil & Gas Plc is pleased to announce that at the Company's Annual General Meeting held on Monday 30 June 2014 all resolutions were duly passed.

THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

Neither this announcement nor the information contained herein constitutes an offer or solicitation by U.S. Oil and Gas plc for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful.

For further information contact:

Brian McDonnell, Chief Executive Officer [phone]

Alexander David Securities Ltd - Corporate Finance Adviser
Fiona Kinghorn/David Scott [phone]

Alexander David Securities Ltd - Broker
James Dewhurst [phone]
Email : [e-mail]

GXG Markets

Simon Kiero-Watson [phone]
[e-mail]

Alex Benger [phone]
[e-mail]

ADR Broker Desk, Deutsche Bank
United Kingdom
Simon Davies and Richard Willis
Tel: [phone]
Fax: [phone]
E-mail: [e-mail]

USA
Jay Berman
Tel: [phone]
Fax: [phone]
E-mail: [e-mail]

About American Depositary Receipts (ADRs)

An ADR is a negotiable certificate that represents ownership in securities of a non U.S. company. ADRs are issued by a sponsoring U.S. bank and denominated in U.S. dollars. An ADR represents a specified number of shares (or one share) in a foreign stock that is traded on a U.S. exchange.

ADRs allow foreign companies shares to be traded in a similar manner to shares in U.S. companies on the New York Stock Exchange (NYSE), the American Stock Exchange (AMEX), Nasdaq and the over-the-counter (OTC) market. ADRs enable U.S. citizens to acquire shares in a foreign company without the need for cross border or cross currency transactions. Any dividends and capital gains are in U.S. dollars.

About U.S. Oil & Gas

U.S. Oil & Gas plc, (GXG London: USOP, OTC New York: USOPY), is an 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. The Company's main asset is in Nye County, Nevada where it holds the entire share capital of US-based company Major Oil International LLC ("Major Oil"). Major Oil has acquired rights to exploration and development acreage 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.

U.S. Oil & Gas PLC.

For further information please refer to our website at: www.usoil.us

[Jungle Rudy]

ADS is the closest thing to a market maker in USOPY on the GXG so they would know.

[Sionica]

Publication of Research Note

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

Research note

Alexander David Securities Limited, an approved Corporate Adviser on GXG Markets, has released a research report on U.S. Oil & Gas Plc.

Recent share price movements

The Company notes the recent rise in the share price and wishes to emphasise that fundraising and partnership discussions are continuing but are not yet finalised. The Company will update the market in due course and does not necessarily expect an announcement to be made at the forthcoming AGM.

[Jungle Rudy]

U.S. Oil & Gas plc - Notice of AGM
PR Newswire
London, June 5
5 June, 2014

U.S. Oil & Gas Plc.

("U.S. Oil" or the "Company")

Notice of AGM

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

The Company's Annual General Meeting ("AGM") will be held on 30 June, 2014 at
11.00 am at the The Bewleys Hotel Ballsbridge, Merrion Road, Dublin 4, Ireland.

Notice of the AGM, a form of proxy and the Annual Report and Accounts (see also
www.usoil.us) for the period ended 30 September, 2013 (the "Documents") will
shortly be posted to shareholders.

AGENDA

Ordinary Business

1. To receive and consider the financial statements for the year ended 30
September 2013 and the reports of the Directors and Auditors thereon

2. Re-election of Peter Whelan as a Director

3. To authorise the Directors to fix the remuneration of the Auditors

4. To consider the continuation of LHM Casey McGrath as Auditors

5. Authorisation to fix the remuneration of the Auditors

Special Business

6. Authorisation of Directors to allot shares

7. Authorisation to allot equity securities otherwise than in accordance with
statutory pre-emption rights

Copies of the Documents will be available for inspection for one month from
today's date,
free of charge, from the Company's registered office at: Alexandra House, The
Sweepstakes, Ballsbridge, Dublin 4, Republic of Ireland.

THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS
ANNOUNCEMENT

Neither this announcement nor the information contained herein constitutes an
offer or solicitation by U.S. Oil and Gas plc for the purchase or sale of any
securities nor does it constitute a solicitation to any person in any
jurisdiction where solicitation would be unlawful.

For further information contact:

Brian McDonnell, Chief Executive Officer [phone]

Alexander David Securities Ltd - Corporate Finance Adviser

Fiona Kinghorn/David Scott [phone]

Alexander David Securities Ltd - Broker

James Dewhurst [phone]

Email : [e-mail]

GXG Markets

Simon Kiero-Watson [phone]

[e-mail]

Alex Benger [phone]

[e-mail]

ADR Broker Desk, Deutsche Bank

United Kingdom

Simon Davies and Richard Willis

Tel: [phone]
Fax: [phone]
E-mail: [e-mail]

USA

Jay Berman

Tel: [phone]
Fax: [phone]
E-mail: [e-mail]

About American Depositary Receipts (ADRs)

An ADR is a negotiable certificate that represents ownership in securities of a
non U.S. company. ADRs are issued by a sponsoring U.S. bank and denominated in
U.S. dollars. An ADR represents a specified number of shares (or one share) in
a foreign stock that is traded on a U.S. exchange.

ADRs allow foreign companies shares to be traded in a similar manner to shares
in U.S. companies on the New York Stock Exchange (NYSE), the American Stock
Exchange (AMEX), Nasdaq and the over-the-counter (OTC) market. ADRs enable U.S.
citizens to acquire shares in a foreign company without the need for cross
border or cross currency transactions. Any dividends and capital gains are in
U.S. dollars.

About U.S. Oil & Gas

U.S. Oil & Gas plc, (GXG London: USOP, OTC New York: USOPY), is an 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. The Company's
main asset is in Nye County, Nevada where it holds the entire share capital of
US-based company Major Oil International LLC ("Major Oil"). Major Oil has
acquired rights to exploration and development acreage 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.

U.S. Oil & Gas PLC.

For further information please refer to our website at: www.usoil.us
Ends

[Jungle Rudy]

GXG Price and Volume Up This Week but that would seemingly have no relation to the ADR price. Any idea how many ADRs are out there?

[inti23]

the gxg listing surely wont help so they need otc promo big time.

[Jungle Rudy]

This stock needs volume

USOG spent money doing the ADR, now they need to promote it. The GXG Market is worthless for volume trading.

[Jungle Rudy]

They need to upgrade their main listing if this is ever going to take off.

[Sionica]

US Oil & Gas chief hopes to start drilling in 'last quarter of year'

By Proactive Investors May 30 2014, 9:41am

Brian McDonnell, chief executive of GXG-listed US Oil & Gas (GXG:USOP), has unveiled plans to start drilling the Hot Creek prospect in Nevada in the last quarter of this year.

That could be brought forward if sufficient progress is made in the appraisal work still to be carried out on the property.

McDonnell explains that the company now has a better understanding of the geology in Nevada and he also expands on the progress being made with potential funding partners.


http://www.proactiveinvestors.co.uk/companies/stocktube/2811/us-oil-gas-chief-hopes-to-start-drilling-in-last-quarter-of-year--2811.html


 

[Sionica]

Interim Results and Operations Update

http://www.investegate.co.uk/u-s--oil---38--gas-plc--usop-/prn/preliminary-interims-and-ops-update/20140523170000P9413/

23 May, 2014
U.S. Oil & Gas Plc.
("U.S. Oil" or the "Company")

The company is pleased to report its interim results for the six months ended 31 March 2014 and provide shareholders with an update on its activities during the period under review and to date.

Financial Highlights:

* Administrative expenses amounted to $224,578 (2013: $604,365) reflecting the decreased field exploration activities and continuing tight control on costs.

* The cash position as at 31 March was $925,244 (excluding a VAT rebate due of $29,490).

The Company has adequate finance to fund current operations (see below). Further funds will be required for drilling and development of the Hot Creek Valley field. Advanced discussions with potential investors and strategic partners about additional funding, the further development of the Hot Creek Valley asset, and other matters of potential advantage to the Company are continuing. The Company believes that good progress is being made and will report details in due course.

Operations Highlights:

* Geochemical survey and analysis define anomalies of 400 acres, 500 acres and 4,400 acres

* Field Development Plan completed

* Basin and oil system models refined

* Study of Railroad Valley analogues underway

* Work programme finalised, including new well design

* Partnership / investment discussions continuing

GEOCHEMICAL SURVEY

The geochemical analysis of soil samples collected between October and January 2014 is now complete. The aim was to delineate alteration phenomena related to vertical hydrocarbon seepage from potential oil and gas reservoirs at depth. Methods included nine geochemical analyses; Magnetic Susceptibility (MS), High Resolution Soil Spectral Analysis (HRSSA), Conductivity (umhos), Iodine, hydrocarbons by UV-Vis Spectroscopy.

The primary purpose of the survey, carried out over the Company's full 88 sq.km lease area, was to:

a) Identify previously unknown potential oil and gas reservoirs;

b) Refine the surface mapping of previously identified anomalies;

c) Compare Hot Creek Valley signatures with signatures from Covenant, Trap Springs, Eagle Spring and Lisbon fields to aid in discriminating areas with the greatest drilling potential.

Survey Results

The larger sample in this study has allowed for a better understanding of the mapped surface trends and their relationship to hydrocarbons seeping from potential reservoirs. This finer resolution has confirmed the five geochemical anomalies detected in the 2011 surveys of Hot Creek Valley, and these have been subsumed into the larger anomalies identified in the current study. In addition, a study of analogues with producing fields has enabled more precise targeting of potential drill locations.

The cluster of northern anomalies are identified as A, B, and C. Together these anomalies cover 500 acres or approximately 2.02 km2. Characteristics of Anomaly A, B and C correspond to similar measurements at Covenant, Trap Spring, Eagle Spring and Lisbon fields.

The anomalies to the south are identified as D and E. Together, these cover an estimated 400 acres or approx. 1.62km2. This trend is geochemically apparent, via the total field magnetics, and is detected by the gravity data. The hydrocarbons are compositionally similar to A, B, and C, but the compositional anomaly is larger in spatial extent and has an orientation of east to west. Anomaly D is located at the crest of an anticlinal feature up dip from Anomaly E. Anomaly E corresponds to the intersection of the two fault lines trending South to South West and East-West previously reported (28 Feb. 2014) as displaying an alteration pattern stronger than any detected elsewhere in the acreage.

The set of extremely high values to the east of the Hot Creek fault is designated Anomaly F. Anomaly F is by far the largest anomaly so far identified, covering an area of approximately 4,400 acres or 18km2 and yielding a large number of extremely high values. Differentiating anomalies within F, other than faults, as possible drilling locations will require additional geological and geophysical data.

The circular character of the geochemical anomalies is consistent with those at Railroad Valley, and the anomalies exhibit many of Railroad valley's geological relationships.

FIELD DEVELOPMENT PLAN

A Field Development Plan (FDP) has now been completed for the Hot Creek Valley property. The purpose of the plan was to test competing development scenarios, including costs and project economics, to determine the optimal development pathway for the field. The plan is currently being evaluated by potential funding and investment partners.

MODELLING AND RAILROAD VALLEY ANALOGUE STUDY

All data collected to date have now been incorporated into 3D basin and oil system models. The Company believes that significant progress has now been made in understanding the compartmentalisation of structures within the lease area.

Drag Wave, VSP and 2-D seismic data will be integrated into the models as it becomes available. As part of the process of refining the models, Forrest Garb & Associates have undertaken further study of the Railroad Valley analogue which will be integrated with Hot Creek Valley data. That study is underway.

WORK PROGRAMME

An expanded US Oil technical team, led by Exploration Director Karim Akrawi, has carried out an intensive planning and modelling exercise provisionally identifying five potential drill locations. The team has also recommended a sequence of four operational steps designed to further reduce risk and increase the chances of a successful drill.

1. Vertical Seismic Profiling (VSP) with 3D Drag Wave will provide detailed understanding of fluid dynamics within the identified compartments up-dip of Eblana-1. Direct Reservoir Signature using the Drag Wave allows for a more advanced geologic model of the reservoir as an active and nonlinear system.

2. A 2-D Line Seismic Survey will be carried out up-dip to define further the structure local to Eblana-1.

3. A new well design has been devised. Experience in drilling Eblana-1 in accordance with regional industry practice revealed several important deficiencies in methodology. The new well design therefore features altered casing and also allows for drilling into the Palaeozoic zone. A Smart Well is planned allowing for penetration of multiple compartments from the same well.

4. The strongest location indicated by the models will be drilled.

Current financial resources are sufficient to fund steps 1-3 outlined above; data collection and analysis is expected to take approximately three months. Step 4, drilling, is subject to successful funding and/or partnership discussions, but it is hoped that drilling can take place in Q4 of 2014.

...


US Oil CEO Brian McDonnell said:

I am pleased to be able to report significant progress in the Hot Creek Valley project. We have a highly experienced and focussed technical team working on all aspects of the exploration programme. After intensive data collection, analysis and modelling activities, we are confident we are reaching a comprehensive understanding of the multiple potential hydrocarbon-bearing structures contained in the valley. We have a clear work programme established, elements of which are already underway and all of which we expect to see completed in the near future. Subject to final local surveys and a successful outcome to our ongoing discussions regarding financing, we are on track to drill our next well this year. We are enormously excited with our discovery and believe that the recent analysis is indicating potential beyond anything previously envisaged.'

[inti23]

tell me about it. ive been listing several there

[inti23]

tell me about it. ive been listing several there

[Jungle Rudy]

Looks like a volume rally going on now on GXG last few days. GXG is not a bad exchange, just not well known.

[inti23]

interesting. too bad even their IR for those GXG shares
stopped IR for all GXG listed:(

[Jungle Rudy]

GXG Exchange based stocks

The volume of Danish GXG based companies generally suck wind. However I note KIMJF (Kilimanjaro Capital) another GXG based resource company is flying high with average OTC volume of over 500,000 a day.

http://investorshub.advfn.com/Kilimanjaro-Capital-Ltd-KIMJF-27661/

http://www.kcap.biz

Without volume how you gonna make $$$?

[shanon1]

What happened to the largest lake of oil ever discovered in US history? This is a scam and a real stink pink, everything in that summary is BS, besides the fact they are losing money, unreal, SEC should shut this down.

[Sionica]

Review of the year ended 30 September 2013

The twelve months to 30 September 2013 was a period of intense activity for the company culminating in an independent report advancing the classification of part of our Hot Creek Valley asset from Prospective to Contingent Resources.

On May 23, 2013, the Company announced the findings of an independent Competent Person's Report (CPR) prepared by Forrest Garb & Associates (FGA). The report considered all the collected data and concluded that, although the Eblana #1 well had not been proved commercial, it did establish the presence of hydrocarbons. Best Estimate (P50) of Total Prospective Recoverable oil for the Company's full acreage was 57.2 million barrels. Contingent Recoverable oil for the immediate area of the Eblana #1 well (P50) was estimated at 19,256 million barrels. The High estimate (P10) for the Hot Creek Valley Prospect was 3,342,163 million barrels. The oil gravity was measured to be 28.5 and 33 API in two zones, which is higher quality than oil found in nearby producing wells in Railroad Valley and constitutes the first discovery of light, sweet crude in Nevada for thirty years.

The Forrest Garb CPR was based on the intensive programme of data collection from the Eblana #1 well undertaken by the Company from May 2012 to April 2013. The board believes that the quality of that data was exceptionally high, a tribute to the skill and dedication of the technical team, and the data has informed all of US Oil's subsequent exploration activities. I am also pleased to report that FGA confirmed that the Company used a thorough, rigorous process to identify possible oil and gas accumulations, mitigate risk, and determine the location of Eblana #1. Since the publication of the CPR, we have followed FGA's recommendation that further surveying be undertaken to establish the direction of `updip' from Eblana #1 and, at the time of writing, three additional surveys, including Geochemical and Gravity Magnetic, have been carried out and data analysis is underway.

Throughout the period, the Company's activities were fully supported by the US Bureau of Land Management and the Nevada Division of Minerals, and I would like to thank them once again for their efforts.

Corporate and Planning

The period from July 2013 to the present saw an energetic programme of corporate activity directed at establishing strategic partnerships. I am happy to report that significant progress has been made in our discussions with potential partners, and relationships have been established at the highest levels with major industry players. Such discussions do, however, take time; and although little more can be said at this stage, I have every reason to believe that we will be able to make further announcements within a reasonable time-frame.

As part of this process, the Company was invited to submit to potential partners a Field Development Plan for the Hot Creek Valley property. The plan demanded a considerable investment of time and effort and is being developed closely with Forrest Garb & Associates. The document will guide exploration and production activities, projects resource requirements and outlines company infrastructure development.

Post Balance Sheet Events

In late 2013 and into 2014, the Company undertook a reconnaissance Geochemical survey of its hitherto unsurveyed acreage and carried out Gravity Magnetic and Geochemical surveys of the area around the Eblana #1 well.

Preliminary results from the reconnaissance Geochemical survey of US Oil's hitherto unsurveyed wider lease area confirm that the oil reservoir previously identified, and targeted by the Eblana-1 well, extends significantly further South to South West into the Company's acreage. In addition, a second fault line, intersecting the first, strikes East-West and is wholly contained within the lease acreage. The intersection of the two lines shows stronger indications of the presence of hydrocarbons than does anywhere else on the acreage.

Additional surveys including Passive Seismic and 3D Seismic may be carried out to further define these structures.

An important objective of the Geochemical and Gravity Magnetic surveys of the area immediately around the Eblana #1 well was to confirm the direction of `updip.' Extremely harsh soil conditions hampered the Geochemical study, although it confirmed light hydrocarbons and indicated favourable readings north and slightly west of the well. The Gravity Magnetic survey produced good quality data. Initial analysis indicates that an integrated interpretation will allow further development of the geological model of the target area and will provide the structural information required for targeting the next drills. This analysis and modelling activity continues. The objective of our planned drills will be to progress the project towards a commercial find in Hot Creek Valley, to move the asset further up the value chain to Proved Reserves and to further delineate the extent and size of the oil system.

Cash Position

The cash position as at 31 September 2013 was $985,985 excluding VAT rebate. Following a partial VAT rebate, as at 26 February 2014, the company had just over $1m cash and cash equivalents with c. $35k still due from VAT rebates. This sum does not include a repayable Bond of $100,000 lodged with US regulatory authorities to cover possible future well reclamation costs, and part or all of which may be recoupable.

Currently, the available cash is sufficient to drill and complete a well targeted on the tertiary volcanics in the Company's area of exploration or to carry out a horizontal drill from Eblana #1. However, the Board is currently reviewing all drilling options as geological modeling and field development planning continues.

Outlook

Given the unpredictable nature of oil and gas exploration in terms of time and cost, the Board feels entitled to point out that its policy to date of minimising fixed costs and conserving funds has been entirely vindicated. This approach has placed an enormous burden on the team and has delayed certain desirable developments in terms of recruitment and company infrastructure but has undoubtedly contributed to the company's relative stability to date.

I believe that US Oil & Gas has, in this last period, made excellent progress. We not only have an independently verified discovery on our first drill, but part of that discovery has been classified as Contingent Resources. In addition, the estimates for Prospective Resources featured in the Competent Person's Report, and the indications from our recent surveys of the wider acreage, suggest the possibility of a large-scale field in Hot Creek Valley.

As always with oil and gas exploration, firm commitments to timetables are not always practical or advisable, but the Company has spared no effort in advancing its programme as speedily as possible consistent with conserving funds in the short term and protecting shareholder value in the longer run.

...

[Sionica]

Final results for 30 September 2013

http://www.investegate.co.uk/u-s--oil---38--gas-plc--usop-/prn/final-results-for-30-september-2013/20140320170000PFC1B/

U.S. Oil & Gas plc
20 March, 2014

The Company is pleased to report its consolidated annual results for the year
ended 30 September 2013.

Operational Highlights

* Prospective Resources estimate upgraded to Contingent Resources of 19 Million barrels (C50) through a successful exploration and appraisal programme;

* Two producer zones on Eblana #1 with high quality oil of 33 and 28.5 API;

* Forrest A. Garb & Associates (FGA) estimate for US Oil's 88 Sq km lease area, 283 million barrels (P50) Prospective Original Oil-in-Place (OOIP) and 3.3 billion barrels at P10;

* New land survey results highly promising for hydrocarbons;

* Listing on OTC Markets in New York; and

* Field Development Plan in preparation.

Financial Highlights

* Administration expenses $1,599k (2012: $1,243k). The increase in expenditure was primarily due to the exploration activity over the period.

* Total comprehensive loss $1,599k (2012: $1,221k); and

* Cash and cash equivalents $986k (2012: $3,518k). As a result of VAT refunds the cash and cash equivalents on hand as at 26 February 2014 amount to just over $1m.

...

[shanon1]

When will my shares become valuable, at this time they are really in the gutter.

[Sionica]

Preliminary Consolidated Annual Results for 30 September 2013

http://www.investegate.co.uk/u-s--oil---38--gas-plc--usop-/prn/preliminary-final-results/20140228071500P8A42/

U.S. Oil & Gas Plc.

Preliminary Consolidated Annual Results for 30 September 2013

The Company is pleased to report its preliminary annual results for the year ended 30 September 2013. The audited results are awaiting second partner signoff by the auditors and we anticipate issuing the Annual Report no later than 21 March 2014. The full Annual Report will be published on the Company's website on final signoff.

Operational Highlights

* Prospective Resources estimate upgraded to Contingent Resources of 19 Million barrels (C50) through a successful exploration and appraisal programme;

* Two producer zones on Eblana #1 with high quality oil of 33 and 28.5 API;

* Forrest A. Garb & Associates (FGA) estimate for US Oil's 88 Sq km lease area, 283 million barrels (P50) Prospective Original Oil-in-Place (OOIP) and 3.3 billion barrels at P10;

* New land survey results highly promising for hydrocarbons;

* Listing on OTC Markets in New York; and

* Field Development Plan in preparation.

Financial Highlights

* Administration expenses $1,432k (2012: $1243k). The increase in expenditure was primarily due to the exploration activity over the period.

* Total comprehensive loss $1,431k (2012: $1,221k); and

* Cash and cash equivalents $986k (2012: $3,518k). As a result of VAT refunds the cash and cash equivalents on hand as at 26 February 2014 amount to just over $1m.

Review of the year ended 30 September 2013

The twelve months to 30 September 2013 was a period of intense activity for the company culminating in an independent report advancing the classification of part of our Hot Creek Valley asset from Prospective to Contingent Resources.

On May 23, 2013, the Company announced the findings of an independent Competent Person's Report (CPR) prepared by Forrest Garb & Associates (FGA). The report considered all the collected data and concluded that, although the Eblana #1 well had not been proved commercial, it did establish the presence of hydrocarbons. Best Estimate (P50) of Total Prospective Recoverable oil for the Company's full acreage was 57.2 million barrels. Contingent Recoverable oil for the immediate area of the Eblana #1 well (P50) was estimated at 19,256 million barrels. The High estimate (P10) for the Hot Creek Valley Prospect was 3,342,163 million barrels. The oil gravity was measured to be 28.5 and 33 API in two zones, which is higher quality than oil found in nearby producing wells in Railroad Valley and constitutes the first discovery of light, sweet crude in Nevada for thirty years.

The Forrest Garb CPR was based on the intensive programme of data collection from the Eblana #1 well undertaken by the Company from May 2012 to April 2013. The board believes that the quality of that data was exceptionally high, a tribute to the skill and dedication of the technical team, and the data has informed all of US Oil's subsequent exploration activities. I am also pleased to report that FGA confirmed that the Company used a thorough, rigorous process to identify possible oil and gas accumulations, mitigate risk, and determine the location of Eblana #1. Since the publication of the CPR, we have followed FGA's recommendation that further surveying be undertaken to establish the direction of `updip' from Eblana #1 and, at the time of writing, three additional surveys, including Geochemical and Gravity Magnetic, have been carried out and data analysis is underway.

Throughout the period, the Company's activities were fully supported by the US Bureau of Land Management and the Nevada Division of Minerals, and I would like to thank them once again for their efforts.

Corporate and Planning

The period from July 2013 to the present saw an energetic programme of corporate activity directed at establishing strategic partnerships. I am happy to report that significant progress has been made in our discussions with potential partners, and relationships have been established at the highest levels with major industry players. Such discussions do, however, take time; and although little more can be said at this stage, I have every reason to believe that we will be able to make further announcements within a reasonable time-frame.

As part of this process, the Company was invited to submit to potential partners a Field Development Plan for the Hot Creek Valley property. The plan demanded a considerable investment of time and effort and is being developed closely with Forrest Garb & Associates. The document will guide exploration and production activities, projects resource requirements and outlines company infrastructure development.

Post Balance Sheet Events

In late 2013 and into 2014, the Company undertook a reconnaissance Geochemical survey of its hitherto unsurveyed acreage and carried out Gravity Magnetic and Geochemical surveys of the area around the Eblana #1 well.

Preliminary results from the reconnaissance Geochemical survey of US Oil's hitherto unsurveyed wider lease area confirm that the oil reservoir previously identified, and targeted by the Eblana-1 well, extends significantly further South to South West into the Company's acreage. In addition, a second fault line, intersecting the first, strikes East-West and is wholly contained within the lease acreage. The intersection of the two lines shows stronger indications of the presence of hydrocarbons than does anywhere else on the acreage.

Additional surveys including Passive Seismic and 3D Seismic may be carried out to further define these structures.

An important objective of the Geochemical and Gravity Magnetic surveys of the area immediately around the Eblana #1 well was to confirm the direction of `updip.' Extremely harsh soil conditions hampered the Geochemical study, although it confirmed light hydrocarbons and indicated favourable readings north and slightly west of the well. The Gravity Magnetic survey produced good quality data. Initial analysis indicates that an integrated interpretation will allow further development of the geological model of the target area and will provide the structural information required for targeting the next drills. This analysis and modelling activity continues. The objective of our planned drills will be to progress the project towards a commercial find in Hot Creek Valley, to move the asset further up the value chain to Proved Reserves and to further delineate the extent and size of the oil system.

Cash Position

The cash position as at 31 September 2013 was $985,985 excluding VAT rebate. Following a partial VAT rebate, as at 26 February 2014, the company had just over $1m cash and cash equivalents with c. $35k still due from VAT rebates. This sum does not include a repayable Bond of $100,000 lodged with US regulatory authorities to cover possible future well reclamation costs, and part or all of which may be recoupable.

Currently, the available cash is sufficient to drill and complete a well targeted on the tertiary volcanics in the Company's area of exploration or to carry out a horizontal drill from Eblana #1. However, the Board is currently reviewing all drilling options as geological modeling and field development planning continues.

Outlook

Given the unpredictable nature of oil and gas exploration in terms of time and cost, the Board feels entitled to point out that its policy to date of minimising fixed costs and conserving funds has been entirely vindicated. This approach has placed an enormous burden on the team and has delayed certain desirable developments in terms of recruitment and company infrastructure but has undoubtedly contributed to the company's relative stability to date.

I believe that US Oil & Gas has, in this last period, made excellent progress. We not only have an independently verified discovery on our first drill, but part of that discovery has been classified as Contingent Resources. In addition, the estimates for Prospective Resources featured in the Competent Person's Report, and the indications from our recent surveys of the wider acreage, suggest the possibility of a large-scale field in Hot Creek Valley.

As always with oil and gas exploration, firm commitments to timetables are not always practical or advisable, but the Company has spared no effort in advancing its programme as speedily as possible consistent with conserving funds in the short term and protecting shareholder value in the longer run.

Brian McDonnell

[Sionica]

Operations update, partnership discussions and 2014 programme

http://www.investegate.co.uk/u-s--oil---38--gas-plc--usop-/prn/operations-update-and-2014-programme/20140228070000PD9C9/


U.S. Oil & Gas Plc.

Operations update, partnership discussions and 2014 programme

U.S. Oil & Gas Plc (GXG London: USOP, OTC New York: USOPY), the oil and gas exploration company with assets in Nevada, is pleased to announce the completion of additional surveys of its Hot Creek Valley acreage. In addition, the company is in continuing discussions with potential industry partners.


Partnership discussions

The Company is in advanced discussions with potential investors and strategic partners about additional funding, the further development of the Hot Creek Valley asset, and other matters of potential advantage to the Company. The Company believes that good progress is being made and will report details in due course.


Surveys & modelling

Three additional surveys of the Hot Creek Valley property have been carried out. Field operations began in October 2013 and ended on 21 January, 2014. The data have now been subjected to preliminary analysis.

The surveys were:

* A large-scale reconnaissance Geochemical survey of the full Hot Creek Valley acreage.

* A Gravity Magnetic survey local to the area of the Eblana #1 well.

* A Geochemical survey local to the area of the Eblana #1 well.

The large-scale Geochemical survey was carried out to extend knowledge of the oil system already discovered and to reveal any hitherto unknown anomalies. The local surveys were intended to aid in establishing the direction of `updip' from the Eblana #1 exploration well, to further define the discovered structure, and to map the basement topology. Surveys and associated analyses were carried out by independent specialist contractors.

Since completing the testing of the Eblana #1 well, the Company has also carried out an intensive programme of additional data analysis and geological modelling and has conducted further analyses with an independent consultancy. The process has been time-consuming, but the Company believes it has produced an operational programme for 2014 that will maximise the chances of further exploration success (for further details, please see `2014 Programme' below).

Large-scale reconnaissance Geochemical survey results

Preliminary results from the large-scale reconnaissance Geochemical survey of the greater lease area indicate large potential hydrocarbon seepage anomalies and multiple faults and traps.

This survey was carried out over 68 sq. kms of previously unsurveyed land, excluding inaccessible areas, and was completed in December 2013. Samples were analysed for Magnetic Susceptibility (MS), High Resolution Soil Spectral Analysis (HRSSA), and hydrocarbon content by UV-Vis Spectroscopy, Iodine, and Soil Electrical Conductivity (UMHOS). These analytical methods are independent of one another and can detect small, medium and large structural reservoirs at depth. The Magnetic Susceptibility test indicates the potential for a sample to be magnetic and has been effective in the detection of hydrocarbon seepage alteration anomalies.

Surface structure interpretation shows that the lease area appears to feature two major fault lines. The first, previously identified and the target of the Eblana #1 well, now appears to extend South to South-West of the original anomaly. The Magnetic Susceptibility alteration signature indicates multiple potential faults and traps. The second fault line, intersecting with the first, strikes East-West and is wholly contained within the lease acreage. The intersection of the two lines displays an alteration pattern considerably stronger than any pattern detected elsewhere in the acreage and is a strong indicator of the presence of hydrocarbons.

The Company expects full analysis of the results of this survey to be completed towards the end of March 2014.

Local Gravity Magnetic and Geochemical survey results

Gravity Magnetic and Geochemical (soil gas) surveys were conducted local to the site of the Eblana #1 well with the aim of reducing uncertainty concerning the direction of `updip' and to aid in mapping the basement topology. Although difficult soil conditions hampered the Geochemical study, the Company believes that data from both studies integrated with existing data, will be sufficient for further geological modelling to confirm the direction of `updip.' Subject to confirmation, preliminary indications are that `updip' is West-North-West from Eblana #1.

Gravity Magnetic:

The acquisition of 109 data stations of detailed gravity data along 3 E-W lines was carried out to test whether detailed gravity information can define the target geological features and to ascertain the best data acquisition parameters. The gravity data has been processed, and correlation with the existing seismic data together with 2.5D modelling is in progress. Initial analysis of the newly acquired detailed surface gravity data indicates that an integrated interpretation will allow significant further development of the geological model of the target area.

Geochemical (soil gas):

Extremely harsh soil conditions hampered this study, as frozen ground and snow-cover precluded sampling the area to the recommended depths of 3+ feet for soil gas surveys. Consequently, after completing a single transect over the northern portion of the area the project was halted. Because of the difficulties in obtaining optimal samples, the results can only be used to infer the presence of hydrocarbons in the area, and conventional gas ratio assessments cannot be applied to definitively define the area's hydrocarbon potential.

Light hydrocarbons were present in most samples (albeit in quantities only slightly above detection limits) but there was sufficient C5+ and C6+ along with methane and other lighter homologue to show that hydrocarbons are present in the area. The favourable readings appear to be near the central region north and slightly west of the current well. A repeat of the study is planned for the end of first quarter 2014 in the expectation of more favourable conditions.

Data Integration

The data collected in the surveys outlined above are now being integrated with all other data sets to allow for the planning of further wells and the submission of any additional regulatory applications that may be required.

2014 Programme

The purpose of the 2014 programme is to progress the project towards a commercial find in Hot Creek Valley, to move the asset further up the value chain to Proved Reserves, to further delineate the extent and size of the oil system and to estimate the resources potential of the full Hot Creek Valley acreage.

The Company intends to extend its exploration programme by drilling further wells and by carrying out 3D Seismic and Passive Seismic surveys of the full Hot Creek Valley acreage, subject to the necessary permissions. As indicated above, a repeat of the soil-gas survey in the area of Eblana #1 is also planned. The option of carrying out a Vertical Seismic Profile (VSP) survey from the Eblana #1 well may also be implemented, subject to the results of current modelling activities.

While the Company has $1m funds on hand, further funding will be required to fully implement this programme.


Field Development Plan

As part of the corporate programme, a considerable investment of time and effort has been expended by the team in developing a conceptual Field Development Plan for the Hot Creek Valley property. Such a plan is a prerequisite for finalising discussions with potential partners, and the Company is working closely with Forrest Garb & Associates to develop the best possible plan with its associated costing[DEL:,:DEL] expertise and company infrastructure.

[AHensley]

1 Unit Remaining In Project In Proven Area

We currently have 1 unit left in our current drilling project. This is a direct investment program with a company that has a proven track record and success story. This project is a 5 well deal in proven fields and gets the accredited investor 7% net revenue interest of each of the 5 wells for each unit they purchase. A full unit is only $35k and potential to earn well over 100% return is completely viable in the first year. We also allow investors who would like to get a feel start with an investment as low as $5,000. Please contact me for further information.

[e-mail]
http://www.maximumenergy.us
270-629-4686

[pheasantplucker]

WTF is happening here?

Almost 5 months since they outlined survey plans and nothing has started.

What's with the APD for Eblana2? It's miles away from the updip prospect at EB1 and also nowhere near the halos. Surely they won't drill Eb2 before they try updip of Eb1, as recommended by the Competent Person?

Are they broke or just incompetent?

Does the CEO think his best chance of saving his bacon is to delay the next drill until just before next year's AGM? That would be a long wait.

They need cash. Where will it come from? They can't get a loan as they have no means of paying it back. They may be looking for a JV or buy-out but the project has no oil reserves and no pay zones so who would be interested? Even a placement at a heavy discount to current share price would find few takers imho - and anyway wouldn't raise enough $$$.

And the company seems to have stopped communicating -- at least, they give no explanation to shareholders about why they aren't doing anything at the moment.

Not looking healthy.

[Sionica]

Award of Permit to Drill

2 August 2013

U.S. Oil & Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA, is pleased to announce that the Nevada Bureau of Land Management has awarded a permit to drill the second exploration well, Eblana #2, on its Hot Creek Valley property. The Permit to Drill was awarded to Major Oil International LLC, a wholly owned subsidiary of U.S. Oil & Gas.

CEO Brian McDonnell said, 'The award of the Company's second permit is an important step forward in our programme to take the Hot Creek Valley discovery to the next stage. Preparations for additional survey activities are well underway. Our purpose remains to prove up the asset in the most efficient way possible and we believe significant progress is being made by the Company on all fronts.'

http://www.investegate.co.uk/u-s-oil-and-gas-plc--usop-/mkw/award-of-permit-to-drill/20130802070033M1133/

 

[Sionica]

Result of Annual General Meeting

01 July, 2013
U.S OIL And GAS Plc

The Board of Directors of U.S. Oil & Gas Plc is pleased to announce that at the Company's Annual General Meeting held on Friday 28 June 2013 all resolutions were duly passed.

http://www.investegate.co.uk/u-s-oil-and-gas-plc--usop-/mkw/result-of-annual-general-meeting/20130701173000M1525/


 

[shanon1]

Still no movement on the share price?

[Sionica]

Investors Presentation, London

U.S OIL And GAS Plc
6 June 2013

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

A copy of the presentation, "Operations Update on the Company's Activities" given on Tuesday 4th June 2013 at the Sofitel London St James, 6 Waterloo Place, London SW1Y 4AN is now available on the Company's website at www.usoil.us/investors/investor documents.

At the presentation, the Company outlined its 'Next Steps' as:

1. Eblana 1 - Run Vertical Seismic Profile (VSP) to evaluate the structure around the well, faults & up-dip direction.
2. Run Geochemical survey over remaining 68 sq.km.
3. Acquire Passive Seismic survey over remaining 68 sq.km.
4. Third Revised Competent Person's Report (CPR) with OIP over 88 sq.km.
5. Locate additional wells based on new surveys and well data.

http://www.investegate.co.uk/u-s-oil-and-gas-plc--usop-/mkw/investors-presentation--london/20130606145943M9396/

[Sionica]

Directors Dealings

U.S OIL And GAS Plc
6 June 2013

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

As a result of the distribution of USOP ordinary shares to Spurt shareholders announced on 30 May 2013, Brian McDonnell has today received an additional 60,384 ordinary shares in USOP. As a result, Brian McDonnell now holds 3,914,575 ordinary shares and his interest in the Company has increased from 9.25% to 9.39%.

http://www.investegate.co.uk/u-s-oil-and-gas-plc--usop-/mkw/directors-dealings/20130606122944M9054/

[Sionica]

Notice of AGM and Clarification

U.S OIL And GAS Plc
4 June 2013

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

The Company's Annual General Meeting ("AGM") will be held on 28 June, 2013 at 11.00 am at the The Bewleys Hotel Ballsbridge, Merrion Road, Dublin 4, Ireland.

Notice of the AGM, a form of proxy and the Annual Report and Accounts (see also www.usoil.us) for the period ended 30 September, 2012 (the "Documents") will be posted to shareholders on 4 June 2013.

Copies of the Documents will be available on the Company's website www.usoil.us and available for inspection for one month from today's date, free of charge, at the Company's registered office: Alexandra House, The Sweepstakes, Ballsbridge, Dublin 4, Republic of Ireland.

Clarification
Further to the announcement of 31 May 2013, the chairman's statement made reference to and amount of $2.17m for cash and cash equivalents while the balance sheet show a figure of $2,043,803. The figure in the chairman's statement includes amounts due for a VAT refund.


http://www.investegate.co.uk/u-s-oil-and-gas-plc--usop-/mkw/notice-of-agm-and-clarification/20130604152945M3314/

 

[Sionica]

London presentation (pdf):

http://usoil.us/pdf/USOIL%20London%20Presentation%20-%204%20June%202013.pdf