SOURCE: IO News Wire

IO News Wire

December 04, 2009 02:00 ET

(OTC: USOG) Issued "BUY" Rating and Long Term Price Target of $.15

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

NEW YORK, NY--(Marketwire - December 4, 2009) - United States Oil & Gas Corporation (PINKSHEETS: USOG) has announced that the independent research firm Grass Roots Research and Distribution has issued a "BUY" recommendation and a long term price target of $.15.

US Oil and Gas Corporation's compound growth strategy focuses squarely on multiplying the value of the company through acquisition and application of patents and proprietary technologies in the oil and gas industry. Using its proprietary prospecting system, US Oil and Gas should successfully grow by acquiring companies with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place.

US Oil & Gas' wholly owned subsidiary Turnbull Oil generated $16.5 million dollars in revenue for fiscal year 2008.

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