US ENERGY CORP
For the period ended Nov 12, 2024. Filed Nov 12, 2024.
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Nov 12, 2024 · Filed Nov 12, 2024
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EX-99.1 · RECENT DEVELOPMENT ACTIVITY
RECENT DEVELOPMENT ACTIVITY
U.S. Energy has made significant strides in developing our recently acquired industrial gas assets in Montana. From September through October, we successfully completed drilling operations on our initial well, uncovering multiple productive helium zones within non-hydrocarbon-based gas streams. Notably, the highest helium concentrations were identified within a nitrogen-based formation, with additional helium reserves discovered in a CO2-based formation. These findings strategically position us to capitalize on these assets for future industrial gas development and planned carbon sequestration initiatives, aligning with our broader vision for sustainable growth in the industrial gas sector.
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