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SmallCapNewsRelease:(OTC:USOG) Acquisition Completed of Untied Oil


JERICHO, NY--(SmallCapNewsRelease)--December 16th, 2009 United States Oil & Gas (OTC:USOG) announced today that it has finalized the terms of its acquisition of United Oil of North Dakota.

The close date of the transaction is January 1st, 2010. Total revenue expected from the acquisition is $8 million for the year ending December 31st, 2009.US Oil & Gasís purchase will include all property, equipment, and six acres of developable land. US Oil & Gas will own United Oil and Gas, United Propane, United C-Store and an additional C-Store and gas station that will be operational in the near future.

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