U.S. Oil & Gas Announces Operations Update

Source: www.gulfoilandgas.com 4/2/2021, Location: North America

U.S. Oil & Gas Plc, (“USOIL”), the oil and gas exploration company with assets in Nevada, is pleased to make the following announcement:

Notices of Staking (NoS) have now been submitted to the Bureau of Land Management (BLM) for the drilling of three wells on the West Play of the Company’s acreage in Hot Creek Valley, Nevada. NoS cover all major aspects of an Application for Permit to Drill (APD), including for each well: the Surface Use Plan of Operations, the Well Plat, the Drilling Plan and Reclamation plans.

In response to the NoS submissions the BLM will schedule site visits and within seven days of those visits provide the necessary feedback to the Company on its APDs.

The three planned wells are sited on the West Play, where the Company’s current basin model indicates a structural analogue of Railroad Valley’s Grant Canyon field. Seismic, gravity, magnetic and geochemical data support the interpretation that carbonate slip block structures are present and are Grant Canyon analogues. Grant Canyon historically included the most productive onshore well in the USA, flowing at over 4,000 bopd, and produced 21.4 million barrels of oil (data to 2015). In Hot Creek Valley, potentially analagous structures may feature good reservoir properties and, if charged with hydrocarbons, potentially excellent productivity.

The coordinates of the three planned wells are as follows:
Eblana-7 Lat: 38.42955°, Lon: 116.32519°
Eblana-8 Lat: 38.415°, Lon: 116.32847°
Eblana-13 Lat: 38.44638°, Lon: 116.34114°

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