16 January, 2017
U.S. Oil & Gas Plc.
("US Oil" or the "Company")
Shareholder
interest
U.S. Oil & Gas Plc, the oil and gas exploration company with
assets in Nevada, makes the
following announcement:
A large number of shareholders have contacted the Company to
express an interest in acquiring further shares. As a result,
the Company is considering the most efficient and equitable means
of enabling this.
Due to the amount of correspondence, the Company will not be
able to answer individual queries on this matter, but will announce
details of its planned way forward by Regulatory News Release in
due course.
The Board wishes to express its sincere appreciation for the
support shown by shareholders.
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 +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
Email: james.dewhurst@ad-securities.com
Definitions: The terms ‘Reserves’ and ‘Contingent Resources’
are as defined in the ‘Petroleum Resources Management System’ of
the Society of Petroleum Engineers.
About U.S. Oil & Gas:
U.S. Oil & Gas plc 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