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 www.SmallCapVoice.com 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 www.stocksource.us/usog.html.

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

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