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 December 23, 2015 - 12:00 PM EST
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U.S. Oil & Gas plc - Company Update

 23 December, 2015

U.S. Oil & Gas Plc.
("U.S. Oil" or the "Company")


Company Update

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

Admission to a regulated stock exchange
The Company continues to explore its options towards achieving a listing on a recognised stock exchange.  To this end, the Board is pleased to announce that LHM Casey McGrath has been appointed management advisor to the admissions process.  Further details will be announced in due course.

Strategic Planning
Currently, risk aversion in the oil and gas industry is extremely high, slowing progress towards an industry partnership to facilitate large-scale exploration activity in Hot Creek Valley.  However, discussions with potential partners are continuing, and in the meantime the Company has made significant advances in its operational and corporate agendas. 

The Board is confident that the considerable progress made in recent months will allow US Oil to move forward on both corporate and exploration fronts irrespective of broader industry conditions.  A full report, detailing corporate and operational plans will be made to shareholders in the very near future.


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
United Kingdom

Simon Davies and Richard Willis
Tel: +44 (0) 20 7547-6500
Fax: +44 (0) 20 7547-9995


Jay Berman
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
U.S. dollars.

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:


Source: PR Newswire (December 23, 2015 - 12:00 PM EST)

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