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U.S OIL And GAS Plc (USOP)

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Wednesday 30 May, 2012

U.S OIL And GAS Plc

Operations Update: Eblana 1



U.S. Oil & Gas Plc - Operations Update: Eblana #1

30 May, 2012

                                              U.S. Oil & Gas Plc.

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

Operations Update: Eblana #1

U.S.  Oil  &  Gas  plc (GXG: USOP), an oil and gas exploration company focused on Nevada, USA,  is  pleased  to
announce that the Eblana #1 exploration well, currently being drilled by its wholly owned subsidiary Major  Oil
International LLC, reached its Target Depth of 8,550 feet on 26th May 2012 at 19.05 hours PST.   The  well  has
been successfully cased and cemented.

During  the  drill,  more than 1,000 feet of cumulative net oil and gas pay potential zones  were  encountered.
Reservoir  quality  appears  excellent with good porosities ranging from 14% to 28%  and  with  high  permeable
fracture  zones associated with high gas peaks up to 1600 units (C1 to C3).  At intervals from  2,900  feet  to
8,550  feet,  within  Valley  Fill sedimentary rock down to Tertiary Volcanic Ash porous  zones,  a  number  of
additional potential reservoir zones have been identified.

Initial  interpretation  of  downhole well logs confirm all of the hydrocarbon shows  and  reservoir  intervals
previously recorded while drilling.

The  Company will shortly complete and finalize the well logs processing and interpretation, which will  enable
it to identify potential production test zones in preparation for perforation and production flow testing.

Completion  tests  on the potential zones of interest through 2 7/8' production tubing in place  downhole  will
allow the Company to run a series of production test over the next few days.

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

For further information contact:

U.S. Oil & Gas plc

Brian McDonnell, Chief Executive Officer +353 (0) 872383419
beamac@eircom.net

Lionsgate Communications - Financial Public Relations

Jonathan Charles +44 (0)7791892509
jcharles@lionsgatecomms.com

Notes to Editors

U.S.   Oil & Gas plc is a GXG quoted (Ticker: USOP) 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.  The  Company's
main  asset  is  in  Nye County, Nevada where it holds the entire share capital of US-based company  Major  Oil
International  LLC ("Major Oil"). Major Oil has acquired rights to exploration and development acreage  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.

U.S.  Oil  has  completed  extensive  surveys of its Hot Creek lease area, generating  18  datasets  using  the
following  survey  methods: Gravity and Magnetic Resonance, Geochemical, 2-D Seismic, Landsat  remote  sensing,
Geophysical studies,  Conodont  Alteration Index (CAI), Pyrolysis (TOC), Vitronite Reflectance-Visual   Kerogen
(TAI),  2-D Passive Seismic (IPDS) and 3-D Passive Seismic.

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

U.S. Oil & Gas PLC

U.S. OIL AND GAS PLC