(OTC: USOG) Acquisition Strategically Close to Bakken Formation
January 21 2010 - 4:00AM
Marketwired
United States Oil & Gas Corp (PINKSHEETS: USOG) strategically
acquired United Oil of North Dakota earlier this month putting the
company in a position to benefit from the Bakken Formation which
covers nearly 200,000 square miles.
Technically recoverable oil has been quoted as low as 2.1
billion barrels to a high of 503 billion barrels. The most recent
report issued by the state of North Dakota states 167 billion
barrels of oil.
The US Oil & Gas subsidiary based in Bottineau County, is
situated in a perfect position to capitalize on the attention the
Bakkan Formation is drawing. The increased activity to the area
should provide a boost to the oil and gas business, convenience
store usage, and the ability to incorporate drilling
activities.
For more information visit www.stocksource.us/usog.html
Other active stocks are Cyclacel Pharmaceuticals (NASDAQ: CYCC),
Lexican Pharmaceuticals (NASDAQ: LXRX) and GenVec Inc (NASDAQ:
GNVC).
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