Thursday, March 24, 2016 9:41:30 AM
22 March 2016
U.S. Oil & Gas Plc.
Operations Update
Intention to Drill - Technical Update
Based on its studies, the Company’s intention, subject to funding, is to re-enter the Eblana #1 well, sidetracking the drill depending on the results of the planned VSP survey.
The existing well will be plugged back to 3,220 ft and new casing will be run. Further drilling will be carried out to a target depth of up to 13,000ft.
A technical description of the proposed re-entry plan ‘Technical Briefing March 22, 2016’ (pdf format) can be found at www.usoil.us.
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