21 October, 2015
U.S. Oil & Gas Plc.
("U.S. Oil" or the "Company")
Appointment of Independent Director
U.S. Oil & Gas Plc (OTC New York: USOPY), the oil and gas exploration company with assets in Nevada, makes the following announcement:
The board of U.S. Oil and Gas Plc is pleased to announce the appointment of Dr. Brian McBeth as an Independent Non-executive Director. Dr. McBeth trained as an economist and worked in the financial sector in the City of London between 1979 and 2008 specialising in oil companies. He is a former director and Head of Oils at Schroder Securities Ltd and Senior Oil Analyst at Cominvest, the asset management arm of Commerzbank AG. He has been a consultant to The Oxford Institute for Energy Studies, The Economist Intelligence Unit, and for IDEA/ The London School of Economics.
U.S. Oil Chairman Brian McDonnell said:
"We are delighted to welcome Dr. McBeth to the Board and look forward to benefiting enormously from the breadth of industry knowledge and experience he is bringing to the Company."
THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS
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 +353 (1) 631 9022
Alexander David Securities Ltd - Corporate Finance Adviser
David Scott +44 (0) 20 7448 9820
James Dewhurst +44 (0) 20 7448 9820
ADR Broker Desk, Deutsche Bank
Simon Davies and Richard Willis
Tel: +44 (0) 20 7547-6500
Fax: +44 (0) 20 7547-9995
Tel: +1 212 250-9100
Fax: +1 732 544-6346
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
About U.S. Oil & Gas:
U.S. Oil & Gas plc, (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.
For further information please refer to our website at: www.usoil.us