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TSXV:ARY | TSX Venture | Common Stock |
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U.S. Energy expects to use the holdings as collateral until ultimately being monetized and allocated towards development capital, as circumstances and market conditions warrant. U.S. Energy Corp. divested all remaining mining assets during 2016 and no longer has any mining related interests.
A copy of the early warning report filed in accordance with applicable Canadian securities laws is available on SEDAR (www.sedar.com).
About U.S. Energy Corp.
We are an independent energy company focused on the lease acquisition and development of oil and gas producing properties in the continental United States. Our business is currently focused in the Williston Basin of North Dakota and South Texas. We continue to focus on increasing production, reserves, and cash flow from operations while pro-actively managing our debt levels. More information about U.S. Energy Corp. can be found at www.usnrg.com.
Forward-Looking Statements
This press release may include “forward-looking statements” within the meaning of the securities laws. When used in this press release, the words "will," "potential," "believe," "estimate," "intend," "expect," "may," "should," "anticipate," "could," "plan," "predict," "project," "profile," "model," or their negatives, other similar expressions or the statements that include those words, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Factors that could cause or contribute to such differences include risks detailed in the Company’s periodic report filings with the Securities and Exchange Commission.
Corporate Contact: U.S. Energy Corp. Ryan Smith Chief Financial Officer (303) 993-3200 www.usnrg.com
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