U.S. Energy Corp. is a diversified natural resource company with interests in molybdenum, oil and gas, gold, and real estate. While the Company primarily invests in the natural resource sector, it is also broadening its business interests to include cash flow generating investments driven by surging growth created by energy and mining activity in the intermountain west region of the United States.
RIVERTON, Wyoming – May 14, 2008 -U.S. Energy Corp. (NASDAQ Capital Market: “USEG”) (“USE” or the “Company”), a natural resources exploration and development company with interests in molybdenum, uranium, oil and gas, gold, and real estate, today announced that it has entered into a Joint Exploration Agreement with a private Houston, Texas based oil and gas company.
U.S. Energy Corp. has agreed to participate as a 4.55% working interest partner in a South Louisiana oil and gas area of mutual interest (AMI) covering in excess of 50,000 net acres. U.S. Energy’s initial commitment to the program will approximate $1.3 million.
RIVERTON, Wyoming – May 13, 2008 -U.S. Energy Corp. (NASDAQ Capital Market: “USEG”) (“USE” or the “Company”), a natural resources exploration and development company with interests in molybdenum, uranium, oil and gas, gold, and real estate, today announced that its Chairman and Chief Executive Officer, Keith Larsen, will ring the NASDAQ Stock Market Opening Bell on Wednesday, May 14, 2008.
| Quotes as of 5/15/2008 3:59pm EST | |||
| USEG | US $2.57 | +0.17 | 6.56 % |