U.S. Oil & Gas Plc announced that the Eblana-9 well in Hot Creek Valley, Nevada did not encounter commercial hydrocarbons and is being plugged and abandoned. The Eblana-9 well was drilled to a total depth of 5,250 ft., reaching target depth at 17.00 local time on December 5, 2020. The well penetrated three potential zones targeted as objectives. There was evidence of hydrocarbon migration above the cap rock in the microfractures. However, there was no evidence of migration in the targeted zones. The Eblana-9 well was drilled safely and efficiently and within budget. Net expenditure on the well is expected to be approximately $670,000. Operations were conducted by Major Oil Intl.