SmallCapNewsRelease:(OTC:USOG) Closes Acquisition in North Dakota
JERICHO, NY--(SmallCapNewsRelease)--January 6th, 2009 United States Oil & Gas (OTC:USOG) announced today that is has closed its acquisition of United Oil, a profitable North Dakota based distributor of fuels.
United Oil, which is expected to produce revenue in excess of $8 million dollars in revenue for year end 2009, would top 2008 year end numbers of $7 million dollars.
United Oil is also strategically placed near the Bakken Formation, which has an estimated 500 billion barrels of recoverable oil. United expects to benefit from the increased demand for fuel that follows drilling and exploration efforts.
To view the entire press release, please visit http://finance.yahoo.com/news/United-States-Oil-Gas-iw-3155031117.html?x=0
For more information, please visit www.stocksource.us/usog.html
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