Press Releases
AUSTIN, TX, January 4, 2010
United States Oil and Gas Corp Releases Preliminary Results from December Sales at Subsidiary; 22% Increase
United States Oil and Gas Corp (Pink Sheets: USOG), a growing oil and gas products, services and technology company, is pleased to report that sales during the month of December at the Company's wholly owned subsidiary, Turnbull Oil, were significantly higher than during the same period last year.

Despite missing five days due to the recent severe winter storms that have hit the Midwestern states including Kansas, where Turnbull operates, the Company has posted higher sales in two of its key product areas, diesel and propane. To date compared to last December, monthly sales of diesel and propane are up 22% and 6%, respectively.

Strong demand from the oil field industry, a key part of Turnbull's customer base, has been driven in large part by the price of crude oil at around $80 per barrel. Increased demand for the Company's fuel services and products has in turn driven sales volume higher and will likely contribute to revenues for the fourth quarter that will be above expectations. This follows what was already a strong third quarter from Kansas farmers' harvesting record corn and soybean crops. Complete details of the Company's earnings will be provided after the quarter ends.

Because Turnbull has strong and consistent margins on its fuels and a relatively large, established customer base, the business has been able to turn a profit and increase revenue even in a down economy. Furthermore, the opportunity to significantly expand Turnbull's operations in the region through several acquisition candidates is available, and the Company looks forward to continuing to grow strategically in 2010.
 
About United States Oil & Gas Corp.
United States Oil and Gas Corp is focused on acquiring and growing domestic oil and gas services companies. The Company targets small to mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. The Company made its first acquisition, Turnbull Oil, in May 2009, and its second acquisition, United Oil & Gas, Inc., in January 2010.
 

The Company has tried to identify any forward-looking statements contained in this press release using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements.

 
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