US ENERGY CORP
For the period ended Aug 5, 2024. Filed Aug 5, 2024.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Aug 5, 2024 · Filed Aug 5, 2024
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EX-99.1 · MANAGEMENT COMMENTARY
MANAGEMENT COMMENTARY
"We are pleased to announce the closing of U.S. Energy's recent transactions, marking the complete divestment of the Company’s assets in South Texas," stated Ryan Smith, Chief Executive Officer of U.S. Energy Corp. He continued, "The proceeds from this sale will be directed towards the development of the Company's recent acquisition and debt reduction. With the closing now finalized, U.S. Energy stands in a position of increased liquidity and enhanced balance sheet strength."
ABOUT U.S. ENERGY CORP.
We are a growth company focused on consolidating high-quality assets in the United States with the potential to optimize production and generate free cash flow through low-risk development while maintaining an attractive shareholder returns program. We are committed to being a leader in reducing our carbon footprint in the areas in which we operate. More information about U.S. Energy Corp. can be found atwww.usnrg.com.
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