U.S. OIL AND GAS PLC
LSE : USOP

September 23, 2011 07:05 ET

US Oil ? AGM Update

23 September 2011

                                           U.S. Oil and Gas Plc.
                                        ("US Oil" or the "Company")

                                            US Oil - AGM Update

U.S.  Oil and Gas plc (PLUS: USOP), the oil and gas exploration company with its main asset in Nevada, USA,
announced  yesterday  that  due to the suspension of trading in the Company's  shares,  its  AGM  has  been
adjourned to Tuesday 25th October.

US  Oil's  shares were suspended at 10.00AM on Tuesday 23rd August, in accordance with Rule 78 of the  PLUS
Rules  for Issuers. Plus has communicated to the Company that the background to the suspension are concerns
relating to possible disorderly trading in the securities of US Oil and Gas. An investigation is under  way
and  is  being progressed as efficiently as possible. PLUS Regulation has also stated that it is  precluded
from identifying any individuals the subject of regulatory investigation.

The  Company  will  continue  to  update the market on any significant news  regarding  operations  through
Regulatory Information Service announcements in the normal way.

THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

For further information contact:

SVS Securities plc - PLUS Corporate Adviser
Peter Ward / Alexander Brearley +44 (0)20 7638 5600

SVS Securities plc - Broker
Ian Callaway / Alex Mattey +44 (0)20 7638 5600
ian.callaway@svssecurities.com

Lionsgate Communications - Financial PR
Natalia Egorova +44 (0)7500828771
negorova@lionsgatecomms.com

Notes to Editors

U.S.  Oil  and Gas plc is a PLUS (Ticker: USOP) listed oil and gas exploration company with a  strategy  to
identify and acquire oil and gas assets in the early phase of the upstream life-cycle and mature them in to
marketable opportunities for the medium and large-sized oil companies. The Company's main asset is  in  Nye
County, Nevada where it holds the entire share capital of the US-based company Major Oil International LLC.
Major  Oil has acquired, and intends to acquire, rights to exploration and development acreage in two  high
potential resource areas in Hot Creek Valley, Nye County, adjacent to the oil and gas rich Railroad  Valley
area of Nevada, both of which are part of the Sevier Thrust of central Nevada and western Utah, USA.

For further information please refer to our website at: www.usoil.us



Contact Information

  • U.S. OIL AND GAS PLC