SmallCapNewsRelease: (OTC: USOG) More Transparent With Completion Of Audit

JERICHO, NY--(SmallCapNewsRelease)--May 19th, 2010, United States Oil and Gas Corp. (OTC: USOG) announced today the completion of the audit for their wholly owned subsidiary United Oil & Gas, Inc.

The independent audit was completed separately due to the acquisition date being effective January 1st of this year. Going forward, United Oil & Gas figures will appear consolidated on United States Oil and Gas and its other subsidiaries.

United Oil & Gas reported total assets of $437,997 and a net loss of $135,000 on sales of $4,300,000 for the period ending December 31st, 2009.

To view the entire press release http://finance.yahoo.com/news/United-States-Oil-and-Gas-iw-3489521503.html?x=0&.v=1

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