SOURCE: US Oil & Gas Corp

December 03, 2009 02:00 ET

Grass Roots Research and Distribution Issues "BUY" Rating With $0.15 Target Price for United States Oil & Gas Corporation

AUSTIN, TX--(Marketwire - December 3, 2009) - United States Oil & Gas Corporation (PINKSHEETS: USOG) a growing oil and gas products, services and technology company, today announced a new research report has been issued on the company by Grass Roots Research and Distribution, Inc., Wall Street's leading independent research firm, with a "BUY" recommendation and a $0.15 long term price target.

For the full report please visit Grass Roots Research and Distribution's website:

About Grass Roots Research and Distribution

Led by D. Paul Cohen, Grass Roots Research and Distribution, Inc. is one of Wall Street's ELITE Independent Research Firms. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)).

Cohen Independent Research Group and Grass Roots Research and Distribution, Inc. includes nine contracted PhD's (three with MD's), two MD's, six CFA's (chartered financial analysts), three with CPA's (certified public accountant) and 21 analysts covering most industries. The backbone of the fundamental research targeted at stock investment includes investigative research into significant corporate events, thorough review of SEC filings, in depth financial analysis, valuations, and management profiles. The Cohen Financial and Valuation Model, an analytical and portfolio management system, is a 100+ page income statement model with 7 equity valuation and 3 cash flow analytical models. The model covers 9,000 public companies.

About United States Oil & Gas Corp. (PINKSHEETS: USOG)

United States Oil & Gas Corp. is focused on the domestic oil and gas services sector, acquiring oil and gas services companies with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. USOG also develops innovative technologies to increase oil and gas extraction with the smallest environmental footprint. Wholly owned subsidiary Turnbull Oil generated $16.5 million in revenue in fiscal year 2008.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. USOG has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect USOG's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause USOG's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. USOG undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

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