RNS

[corp]

U.S Oil & Gas Plc - Operations update

18 January, 2013

U.S. Oil & Gas Plc.

("U.S. Oil" or the "Company")

Operations Update

U.S. Oil and Gas Plc (GXG: USOP), the oil and gas exploration company with exploration assets in Nevada, is
pleased to announce that it has commenced equipment mobilization for resuming production testing of its Eblana
#1 well. Basic Energy Services, headquartered in Forth Worth Texas, will be the rig operator.

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

For further information contact:

Brian McDonnell, Chief Executive Officer +353 (0) 87 238 3419

[Debug]

So Equipment on its way. 

 Just the short wait now for it to arrive (couple of days or so?) and then start work maybe by next Friday.  

I am thinking a few weeks for the results so could be a month from now and we will have what we hope for.

[dougie_m]

well a pic of a pile of pipes was posted on twitter last week...i'm no expert on what is needed but certainly piping is :-)

[dougie_m]

thats great news but very limited news..what about the ADRs..whats the status on that? on hold till producing to make it look more attractive?.......more waiting...

[dougie_m]

and what about the wax block issue? or is this just the testing from 4500ft to 3000ft? guess it is....

[Debug]

Indeed, more information would have been nice.  It could be that additional updates will arrive separately, but it looks like we are on minimum rations for updates until w/o 2 is done.

[MJS28]

You'd think that the BoD would draw up a share option scheme first, before letting the ADRs &/or CPR go

[Axus]

From what I can tell, the nearest base for " Basic Energy Services " is at Vernal, Utah , 585 miles away

[KR]

Don't know if this is of any use?

http://basicenergyservices.com/images/stories/literature/basic_matrix_0517.pdf