US Natural Gas Corp Announces Update on Drilling Activities in Kentucky

ST. PETERSBURG, Fla., May 11 /PRNewswire-FirstCall/ -- US Natural Gas Corp (OTC Bulletin Board: UNGS), an energy exploration company with operations in the Appalachian Basin, announced today that the Company has initiated drilling a new well in Green County, Kentucky and reopened a previously producing well in Russell County, Kentucky.

The Company's wholly owned subsidiary, US Natural Gas Corp KY, initiated drilling activities on the Geraldine Turner #1 well in Green County, Kentucky on April 30, 2010. The Company retained an outside drilling contractor to perform the drilling and completion work. To date, the contractor has reached a depth of 600 feet and has set the surface casing. The projected total depth is 1800 feet to the second break of the Knox Formation.

In addition, US Natural Gas Corp KY initiated the reopening project on the Antle #1 well located in Russell County, Kentucky. The Antle #1 was originally drilled in to a total depth of 985 feet in 1984. Initial production showed a natural flow of 520 barrels per day from the Stones River formation. The well was later deepened and plugged in 1985. To date, the contractor has penetrated the concrete plugs set above 1000 feet to allow for inspection via camera at the previous zone of production.

The Company will maintain a 100% working interest and 84.5% net revenue interest in each of the wells.

"We are excited that we have commenced drilling activities on each well," said Wayne Anderson, President of US Natural Gas Corp. "Our plan is to further explore these leaseholds as the wells are placed into production."

About US Natural Gas Corp

US Natural Gas Corp is an independent energy company principally engaged in the acquisition, exploration and development of mature long-lived oil and natural gas properties. The company's current operations are concentrated in the Appalachian Basin within the states of Kentucky and West Virginia.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2009.

SOURCE US Natural Gas Corp