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Stock impact report

U.S. Energy Corp. Announces Major Helium Discovery from Initial Development Program

U.S. Energy Corp. (USEG) 
US:NASDAQ Investor Relations: usedc.com/financial-advisors-investors
Company Research Source: GlobeNewswire
HOUSTON, Oct. 31, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ: USEG, “U.S. Energy” or the “Company”) a growth-focused company engaged in the development and operation of high-quality producing energy and industrial gas assets, today announced a series of key operational updates. HIGHLIGHTS Successfully completed drilling operations on the Company’s initial well.Independent laboratory results confirm high-quality, non-hydrocarbon-based helium discovery with concentrations up to approximately 1.5%.Results validate and enhance the economic potential of the Company’s asset.Sets the stage for the next steps in the asset’s broader development program. MANAGEMENT COMMENTARY “I am pleased to report a significant milestone for U.S. Energy with this major helium discovery as part of our industrial gas development strategy around our newly acquired assets in Montana,” said Ryan Smith, U.S. Energy’s Chief Executive Officer. “The independent analysis not only validates our geol Show less Read more
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