United States Oil & Gas Corp Extends Purchase Agreement With Kansas-Based Subsidiary; Sales Rise 29% to $1.5 Million

AUSTIN, TX–(Marketwire – March 10, 2010) – United States Oil & Gas Corp (PINKSHEETS: USOG), a growing oil and gas products, services and technology company, announced today the extension of the maturity of its promissory note due for the purchase of its profitable Kansas-based subsidiary, Turnbull Oil. As agreed, the note will now mature at year end rather than April 2010.

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