SOURCE: IO News Wire

IO News Wire

December 15, 2009 02:00 ET

(OTC: USOG) Acquisition Target Sales up 35%

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire

NEW YORK, NY--(Marketwire - December 15, 2009) - United States Oil & Gas Corp (PINKSHEETS: USOG) announced yesterday that the target of their most recently announced acquisition, United Oil & Gas of North Dakota, has posted a 35% increase in sales year-to-date.

A recent survey of oil and gas executives taken by accounting giant Deloitte says that the oil and gas industry has its best days ahead. With pending legislation leaning on oil and gas companies, it is imperative that companies are profitable and focused on streamlining.

United States Oil & Gas, along with its pending acquisition United Oil and Gas, as well as its early 2009 acquisition Turnbull Oil, are increasing their presence on the retail as well as the supply side of oil and gas. This diversification helps insulate the overall company from downturns in one specific sector of its operations.

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