U.S. Oil & Gas Plc announced that operational update, the Company has submitted Notices of Staking for three drill locations in its West Play: Eblana-7, Eblana-8 and Eblana-13. The locations are on one of two zones with interpreted Palaeozoic slide block structures suggested by geophysical and geochemical data and which may feature carbonate lithology. These zones appear to be analogues of Railroad Valley’s Grant Canyon Field, and each may contain multiple slide blocks. The data suggests that in the West Play multiple slide blocks may exist within the Company’s acreage. Zone 1, an area of approximately 4,064 acres, appears to contain several prospective structures based on interpretation of the available data. Of these, three are targeted by the wells for which the Company has submitted Notices of Staking. For those three locations, total best estimate Prospective Resources are 86.5 million barrels of Original Oil in Place (STOIP) based on a productive area of 170 acres per block and average porosity of 15%. If a Grant Canyon analogue is confirmed, and the reservoir is formed from fractured carbonates with extremely high effective porosity, flow rates could be exceptionally high. The first drilling priority, Eblana-7, targets 28.83 million barrels (STOIP). Zone 2, with 1,504 acres, potentially contains two prospective structures. For those, total best estimate Prospective Resources are 57.66 million barrels of Original Oil in Place (STOIP) based on similar estimates to Zone 1. Data from the Company’s three non-commercial wells in Hot Creek Valley, Nevada, Eblana-1, Eblana-3 and Eblana-9, along with geophysical and geochemical surveys, two strong plays on the Company’s leases, one to the west and the other to the east. Two of the Company’s three wells on the East Play, Eblana-1 and Eblana-3, flowed high quality oil to the surface (API 28.5-34.5) indicating an active oil system. The third, Eblana-9 was dry. While further geophysical studies are carried out on the East Play, the Company intends to drill a further well or wells on the West Play, subject to permits and funding. Several of the Company’s leases believed prospective on the West Play will expire between February and April 2022. Each such lease must produce oil in paying quantities if it is to be retained, making drilling an urgent priority. Seismic, gravity, magnetic and geochemical data from the West Play support the interpretation that slide block structures are present and are analogues of nearby Railroad Valley’s Grant Canyon field. Grant Canyon historically included the most productive onshore well in the USA, flowing at over 4,000 bopd, and produced 21.4 million barrels of oil (data to 2015). In Hot Creek valley, potentially analogous structures may feature good reservoir properties and, if charged with hydrocarbons, promise potentially excellent productivity.