U.S. Oil and Gas PLC to report excellent progress in its drilling operations at Eblana-3. The well was initially drilled to 2,595 ft., and on 20 April 2018 surface hole logs and casing were run. Drilling resumed to a depth of 7,000 ft., before drilling was again paused on 1 May, 2018. An open hole log set was then run by Baker Hughes Inc. The data collected was of excellent quality. After logging, 7-inch casing was set and cemented, and drilling was resumed to a depth of 8,200 ft., ceasing at 17.00 PST on 7 May 2018. No open-hole flow testing was carried out. U.S. Oil and Gas PLC reported that analysis of logging data confirms that the well has intersected oil bearing formations exhibiting very good porosity and permeability. Potential zones as indicated by the data are distributed in multiple horizons. The composite geological mud logs indicate the potential reservoir zones have excellent cut, streaming, fluorescence and very good oil staining, and show excellent correlation with the wire-logs. The two Tertiary zones that flowed oil in Eblana-1 appear to be present in Eblana-3. Eblana-3 will be completed and tested using a more suitable rig and after obtaining the requisite regulatory approvals. Given the considerable number of potential hydrocarbon-bearing zones encountered, the priority is to devise the optimal perforation and testing plan, and reservoir analysis work is now underway. Meantime, rig availability has been confirmed and testing will proceed as soon as practicable. Shareholders will be informed of the planned work programme and schedule as soon as arrangements have been finalized. The Eblana-3 appraisal well is located on Lease 87414 in Hot Creek Valley, Nevada. US Oil owns a 100% interest in the lease through its wholly-owned subsidiary Major Oil Intl. LLC.