U.S. Oil & Gas Gets Permission to Drill in Nevada
by U.S. Oil & Gas
|Tuesday, March 20, 2012
Nevada-focused U.S. Oil & Gas announced Tuesday that the Nevada Bureau of Land Management has approved a permit to drill its first exploration well, Eblana #1, on the firm's Hot Creek Valley property.
The Application for the Permit to Drill (APD) was awarded to Major Oil International – a wholly-owned subsidiary of U.S. Oil & Gas.
The company intends to begin earthworks mobilization immediately and will announce a spud date in due course.
"The award of a drilling permit is the culmination of many months of effort by the company and marks the most important milestone in U.S. Oil's history to date. We now look forward to finalizing logistical arrangements in preparation for the drill," said U.S. Oil & Gas CEO Brian McDonnell.