SOURCE: IO News Wire

IO News Wire

January 11, 2010 04:00 ET

(OTC: USOG) CEO Speaks on Acquisitions and the Future of the Company

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

NEW YORK, NY--(Marketwire - January 11, 2010) - United States Oil & Gas Corp (PINKSHEETS: USOG) CEO Alex Tawse spoke to on January 7th, 2010 about its successful acquisitions and the direction of the company going forward.

With the recent acquisition of XTO Energy by Exxon Mobil, consolidation in the oil and gas sector has shown increased activity. US Oil & Gas has recently acquired a North Dakota based gas and oil product provider for an as yet undisclosed amount of cash, stock and promissory note to grow its footprint in the upper mid west.

With oil-drilling tax breaks enacted in North Dakota during 2007, increased interest has been raised in the Bakken formation, which the recently acquired United Oil is located near. An increase in exploration and drilling efforts in the area should materialize into increased revenue from United Oil's local business.

For more information on United States Oil & Gas, visit

Other active stocks are Cyclacel Pharmaceuticals (NASDAQ: CYCC) Palm Inc (NASDAQ: PALM) and AK Steel Holdings (NYSE: AKS).

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid IO News Wire twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.

Contact Information