U.S. OIL and GAS plc's (Ticker: USOP) core activities are in the USA, with ongoing exploration activity in Nevada where the company holds a large lease acreage.

Shares in Issue & Significant Shareholders

Date: 15 December 2012

Number of Shares in Issue: 41,682,356 Ordinary Shares

Director’s Shareholding – Direct and indirect

                                Total                    % of Issued Shares
Brian McDonnell      3,854,191            9.25%
Peter Whelan              564,118             1.35%
Karim Akrawi             100,000             0.24%

Significant Shareholders
As at 15 December 2012, the following persons and companies had an interest of 3% or more in the issued share capital

                                                            Total                 % of Issued Shares
JIM Nominees Limited                          5,680,850        13.72%
Daveycrest Nominees Limited             4,955,971        11.97%
Spurt Concepts Limited                       3,000,000          7.20%
Aurum Nominees Limited                    2,350,626          5.68%
SVS (Nominees) Limited                       1,765,137          4.26%
Pershing Nominees Limited                 1,699,317          4.10%
Goodbody Stockbrokers Nominees     1,677,412           4.05%