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U.S OIL And GAS Plc (USOP)

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Friday 15 January, 2010

U.S OIL And GAS Plc

Holding(s) in Company



15 January 2010

                                             U.S. Oil and Gas plc

                                    ("USOIL", the "Company" or the "Group")

                                             Holding(s) in Company

The  Company today received notification that SVS Securities plc ("SVS") disposed of 1,693,232 ordinary  shares
of  €0.0001  each  in the Company ("Ordinary Shares") on 14 January 2010.  Consequently, SVS now  holds  69,929
Ordinary  Shares  with  one  voting right each and therefore ceases to have a  substantial  shareholding.  SVS'
interest relates to a legal and beneficial holding.

THE DIRECTORS OF THE ISSUER ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT.

PLUS Corporate Adviser                             SVS Securities Plc
                                                   21 Wilson Street
                                                   London
                                                   EC2M 2SN
                                                   020 7638 5600
                                                   corporatefinance@svssecurities.com

Broker                                             SVS Securities Plc
                                                   Ian Callaway / Alexander Mattey
                                                   020 7638 5600

U.S. Oil and Gas plc                               Brian McDonnell
                                                   T/P: +353 (0) 87-2383419
                                                   Email: info@usoil.us

Notes to Editors:

U.S. Oil and Gas Plc is an independent oil and gas exploration group, which is quoted on PLUS-quoted in London.
The Group holds exploration acreage in Nevada, USA.

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

and press room at: www.usoil.us/press-room

U.S. OIL AND GAS PLC