USEI CANNABIS Initiatives CORP, a wholly owned subsidiary of is a California based company is pleased to announce it has purchased its first MRX 20L Super-critical CO2 Botanical Extraction Unit to be used for the express purpose of participating in the California cannabis industry. On January 1, 2018, California becomes the largest legal cannabis market in the world...with an estimated market of approximately $6.8 billion [...]
DENVER, Nov. 17, 2017 -- U.S. Energy Corp. announced that on November 15, 2017, the Company received a notification letter from The Nasdaq Stock Market LLC indicating that Nasdaq has determined that the Company has regained compliance with the minimum bid price rule, as required by Nasdaq’s decision dated November 3, 2017, and is in compliance with other applicable requirements as set forth in the decision and [...]
DENVER, Nov. 14, 2017 -- U.S. Energy Corp. today announced financial and operational results for the quarter ended September 30, 2017. Highlights Production of 42,637 BOE, or daily production of 463 BOEPD; Oil and gas revenue of $1.5 million; Lease operating expenses of $0.6 million; Adjusted EBITDA of $0.3 million; Cash and cash equivalents of $1.8 million at 9/30/2017; Pro-forma cash balance of $3.8 million for [...]
U.S. Energy Corp.U.S. Energy Corp. announced that on November 3, 2017, the Company received a notification letter from The Nasdaq Stock Market LLC indicating that Nasdaq has determined to allow continued listing of the Company's common stock on the Nasdaq Stock Market due to the Company's bid price having closed above $1.00 for the prior ten consecutive trading days, subject to the following: on or before November 15 [...]
DENVER, Nov. 06, 2017 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG) (“U.S. Energy” or the “Company”) today announced it has received scheduled proceeds from a previously announced August 2014 transaction regarding the divestment of uranium mining assets in exchange for $2.5 million of stock in Anfield Resources Inc. (TSXV:ARY) (“Anfield”). Pursuant to the agreement, payments for [...]
DENVER, Oct. 23, 2017 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG) (“U.S. Energy” or the “Company”) today announced it will participate in the upcoming horizontal drilling program on its existing acreage position targeting the development of the Georgetown formation in Zavala and Dimmit Counties, Texas. The development program will take place on acreage positions previously developed for [...]
DENVER, Oct. 10, 2017 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG) (“U.S. Energy” or the “Company”) today announced it has entered into a purchase and sale agreement (“Purchase Agreement”) to sell certain non-operated assets in the Williston Basin for the elimination of $4.2 million in outstanding liabilities and $2.0 million in cash. The agreement was unanimously approved by the [...]
DENVER, Oct. 05, 2017 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG) (“U.S. Energy” or the “Company”) today announced an agreement to substantially reduce the Company’s outstanding debt through an exchange transaction (the “Transaction”) with APEG Energy II, L.P., the sole lender of its Senior Secured Credit Facility (“Credit Facility”). The Transaction was [...]
DENVER, Aug. 14, 2017 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG) (“U.S. Energy” or the “Company”) today announced financial and operational results for the quarter ended June 30, 2017, mid-year proved oil & gas reserves, and Revolving Credit Facility (“Credit Facility”) updates. Highlights Second quarter production of 58,369 BOE increased 17% as compared to the first quarter [...]
Advance registration is recommended -- space is limited DENVER, CO--(Marketwired - Aug 4, 2017) - EnerCom has updated the speakers and agenda for The Oil & Gas Conference® 22 on August 13-17, 2017, in Denver, at the Westin Denver Downtown. Hear 100+ Public and Private Company Presenters: Senior management executives from more than 100 public and private oil and gas companies with operations spanning more than 40 [...]
DENVER, June 29, 2017 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (Nasdaq:USEG) (“U.S. Energy” or “Company”) announced that the Company and its sole lender, APEG Energy II, L.P. (“APEG”), have entered into the 5th Amendment to the Credit Agreement. The amendment extends the maturity date of the Credit Agreement through July 30, 2019, while setting forth new covenants which can be seen below [...]
DENVER, Jan. 04, 2017 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (Nasdaq:USEG) (the "Company") announced today, January 4, 2017 the extension of its exclusive rights to participate with IronHorse Resources, LLC ("IronHorse") in the Wattenberg Development Project previously announced. The Company and IronHorse had entered into an Earnings and Participation Agreement dated September 14, 2016 (the "Agreement") as to the purchase [...]
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