Edition:
India

US Energy Corp (USEG.OQ)

USEG.OQ on NASDAQ Stock Exchange Capital Market

1.25USD
22 Nov 2017
Change (% chg)

$0.10 (+8.70%)
Prev Close
$1.15
Open
$1.15
Day's High
$1.27
Day's Low
$1.14
Volume
24,700
Avg. Vol
25,501
52-wk High
$2.74
52-wk Low
$0.60

Latest Key Developments (Source: Significant Developments)

U.S. Energy Corp qtrly ‍loss per share from continuing operations $0.07 ​
Wednesday, 15 Nov 2017 

Nov 14 (Reuters) - U.S. Energy Corp ::U.S. Energy Corp. announces third quarter 2017 results.US Energy Corp qtrly ‍production of 42,637 BOE, or daily production of 463 BOEPD​.US Energy Corp - ‍revenues from sales of oil and natural gas for Q2 of 2017 were $1.5 million compared to $2.0 million for Q2 of 2017.US Energy Corp qtrly ‍loss per share from continuing operations $0.07 ​​.  Full Article

U.S. Energy Corp Q3 ‍production of 42,637 Boe, or daily production of 463 Boepd​
Wednesday, 15 Nov 2017 

Nov 14 (Reuters) - Us Energy Corp :U.S. Energy corp. announces third quarter 2017 results.US Energy Corp qtrly ‍production of 42,637 boe, or daily production of 463 boepd​.US Energy Corp - ‍revenues from sales of oil and natural gas for Q2 of 2017 were $1.5 million compared to $2.0 million for Q2 of 2017​.  Full Article

U.S. ENERGY CORP TO SELL CERTAIN NON-OPERATED WILLISTON BASIN ASSETS
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - U.S. Energy Corp ::U.S. ENERGY CORP. ANNOUNCES SALE OF CERTAIN NON-OPERATED WILLISTON BASIN ASSETS.US ENERGY CORP - ‍TO SELL CERTAIN NON-OPERATED ASSETS IN WILLISTON BASIN FOR ELIMINATION OF $4.2 MILLION IN OUTSTANDING LIABILITIES AND $2.0 MILLION IN CASH​.US ENERGY CORP SAYS ‍AGREEMENT WAS UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF COMPANY​.  Full Article

US Energy says will exchange $4.5 mln of $6.0 mln of outstanding borrowings on credit facility for 5.8 mln shares of common stock​
Thursday, 5 Oct 2017 

Oct 5 (Reuters) - US Energy Corp : :US Energy Corp - ‍U.S. Energy will exchange $4.5 million of $6.0 million of outstanding borrowings on its credit facility for 5,819,270 shares of common stock​.US Energy Corp - company also entered into a standstill agreement with APEG which will be in effect for one year from closing of transaction.Us energy corp - ‍U.S. Energy will make a cash paydown of its credit facility of $0.6 million​.US Energy Corp - ‍following close of transaction, apeg will hold approximately 49.9% of outstanding common stock of U.S. energy​.US Energy Corp - ‍deal represents an 84% reduction in annual interest payments​.US Energy Corp - announced agreement to substantially reduce company's outstanding debt through an exchange transaction with Apeg Energy II.  Full Article

US Energy, Ironhorse agree to extend financial assurance deadline
Friday, 14 Oct 2016 

US Energy Corp : US Energy - On October 10, 2016, company and Ironhorse agreed to extend financial assurance deadline under agreement to November 10, 2016 - SEC filing . US Energy Corp - Extension will allow company to continue negotiating with several potential financial partners Source: (http://bit.ly/2dQrzwP) Further company coverage: [USEG.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

US Energy to acquire interest in Wattenberg development program
Thursday, 7 Jul 2016 

Us Energy Corp : u.s. Energy corp. To acquire interest in wattenberg development program . Expects to acquire 40% interest in ironhorse resource's farmout agreement to participate in developing 3 core areas in dj basin . Development program is slated to begin later this year and drill into mid 2017 . Will obtain working interests averaging 11.6% in 21 horizontal wells to be drilled in a, b, c benches of niobrara formation, codell formation . Commitment will cost approximately $9.6 million for drilling and completing wells .Commitment expected to generate revenue of approximately $4.9 million in each of first two years of program net to company.  Full Article

Trump to tap nuclear industry lobbyist for U.S. Energy Dept job

WASHINGTON, Nov 15 President Donald Trump plans to nominate Melissa Burnison, a nuclear energy industry lobbyist, to serve as assistant secretary in charge of congressional and intergovernmental affairs at the U.S. Energy Department, the White House said on Wednesday.