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Consolidated Oil and Gas Reports Filings.


HOUSTON -- Consolidated Oil and Gas, Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB: CSLG) is pleased to announce they have completed their December 31, 2006 Form 10-KSB and March 31 Form 10-QSB. The companies' financials are now reported and can be found on www.freeedgar.com. Consolidated Oil Gas ticker symbol Ticker Symbol

An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors
 has reverted re·vert  
intr.v. re·vert·ed, re·vert·ing, re·verts
1. To return to a former condition, practice, subject, or belief.

2. Law To return to the former owner or to the former owner's heirs.
 to the CSLG symbol for trading.

Mr. Yeatman, President of Consolidated Oil and Gas, stated "Our prior delay in filing has been resolved with the resulting quarterly and annual financials posted for the public." We anticipate strong growth in 2007 due to the continued rise in energy prices and increased acquisitions."

For more information please contact Investor Relations Investor relations

The process by which the corporation communicates with its investors.
 at (973) 351-3868 or visit www.consolidatedoilgas.com.

About Consolidated Oil and Gas:

Consolidated Oil and Gas, Inc. is a US based company engaged in the exploration and production of onshore on·shore  
adj.
1. Moving or directed toward the shore: an onshore wind.

2. Located on the shore: an onshore beacon; an onshore patrol.

adv.
 domestic oil and natural gas properties. The company's exploration and production activities are focused primarily in Texas. Their mission is to apply strong technical expertise to unlock substantial oil and gas resources in areas where production can be achieved quickly and efficiently.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement: This press release may contain forward looking statements, as defined in the Securities Reform Act of 1995. Actual events or results may differ from Consolidated Oil & Gas, Inc. expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties: including economic conditions, and availability of timely financing for projects.
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 22, 2007
Words:240
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