United States Oil and Gas Corp Sells One of its Subsidiaries

- October 7th, 2011

United States Oil and Gas Corp (OTCQB:USOG) has sold one of its subsidiaries, Turnbull Oil, to Jeff Turnbull, for cash and cancellation of debt.

United States Oil and Gas Corp (OTCQB:USOG) has sold one of its subsidiaries, Turnbull Oil, to Jeff Turnbull, for cash and cancellation of debt.

As quoted in the press release:

The effective date of the disposition of assets was October 1, 2011. The financial statements to be issued for the three months ended September 30, 2011 will reflect the sale.

Click here to read the United States Oil and Gas Corp (OTCQB:USOG) press release

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