USOG United States Oil and Gas

[STOCKMAN]

USOG Heres another stock I just put on my radar list. This company is rapidly expanding. I just looked at the charts on this one. Stock is holding on a support @.015. Stock has been on a down trend but looks like its starting to rally. I expect this stock to trade with some incredible volume tmw and were going to see some price apprecation.Imo this stock should be at .07 by the end of this week or begining of next week. Stock traded at .0155 which is the perfect entry price. I have not taken a position in this stock yet but I do plan to take one tmw morning. Remember to do your own dd and good luck to u all. Here is the latest news.

AUSTIN, TX--(Marketwire - 02/16/10) - United States Oil & Gas Corp (Pinksheets:USOG - News), a growing oil and gas products, services and technology company, today provided an update on one of its expanding subsidiaries, North Dakota-based United Oil, which became a wholly owned operating subsidiary at the start of the year.


Much like the Company's other wholly owned operating subsidiary Turnbull Oil (which is based in Kansas), the management team at United Oil has been immersed in the oil and gas industry for over thirty years. This longevity has enabled United Oil to develop and run a highly efficient distribution system. Customers span two states, and nine counties.

United Oil owns its own distribution system of tankers and haulers, and has incrementally added to its property, plant and equipment. Demand at present is such that additional storage is now necessary because customer sales are exceeding supply at a high rate. Storage capacity at its bulk plant is nearly 100,000 gallons of refined fuels with additional capacity available on six acres of developable land (which the company owns) located directly adjacent to the main interstate.

At United, no single customer accounts for greater than 5% of revenue. The breakdown of sales is: refined fuels (67%), propane (10%), racing fuel (4%), and other oil-based products (1%). Grocery and other convenience store items provide 18% of sales.

About United States Oil & Gas Corp (PINKSHEETS: USOG) United States Oil & Gas Corp is focused on acquiring and growing domestic oil and gas services companies. We target small to mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. We made our first acquisition, Turnbull Oil, in May 2009, and our second, United Oil & Gas, Inc., in January 2010. In addition to our acquisition strategy, we intend to acquire and/or develop and deploy proprietary technologies that will explore or extract oil and gas trapped in the earth using the latest technologies that create the smallest ecological footprint as possible. Additional information can be found on the Company's website, ::..Welcome to US OGC..::.

[mickymoose99]

(OTC: USOG) to Benefit as Natural Gas Sector Continues to Climb


Note to Editor, the Following Is an Investment Opinion Issued by the IO News Wire.
NEW YORK, NY, Feb 18, 2010 (MARKETWIRE via COMTEX) -- United States Oil & Gas Corp (PINKSHEETS: USOG) released earlier this week an update on their growing base of customers and their robust distribution system.
A breakdown of United States Oil & Gas (USOG) sales figures shows natural gas accounting for nearly 70% of overall revenue without one single client accounting for more than 5% of total sales. Natural gas provides nearly a 40% mark-up (industry average) from distribution to customer, ensuring better profit margins to USOG compared to competitors with a lower percentage of overall sales of natural gas. The sustained lower temperatures in the upper mid-west should keep sales up throughout the remaining quarter.

USOG has the capability to store over 100,000 gallons of refined fuels with the ability to branch out to an additional 6 acres adjacent to its current location leaving them flexible to a sharp increase in demand.

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