U.S. Energy Corp. Announces Transformative Acquisition Targeting Helium Production [Yahoo! Finance]
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U.S. Energy Corp. (USEG)
US:NASDAQ Investor Relations:
usedc.com/financial-advisors-investors
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Source: Yahoo! Finance
Energy ” or the “ Company ”) today announced that the Company has closed a transaction (the “ Agreement ”) with Wavetech Helium Inc (“ Wavetech ” or “ WT ”) for the acquisition of operated acreage targeting helium production across the Kevin Dome structure in Toole County, Montana (the “ WT Asset ”). Additionally, the Company has executed a non-binding letter of intent (the “ LOI ”) with Synergy Offshore, LLC (“ Synergy ” or “ SOG ”) to acquire offsetting operated acreage (the “ SOG Asset ”), forming a largely contiguous acreage position across the Kevin Dome of approximately 164,000 net acres, as discussed in greater detail below (collectively the “ Assets ”). HIGHLIGHTS Closed Wavetech Agreement on June 26, 2024. The WT Asset includes: Approximately 140,000 net acres. Multiple prospective helium pay zones consisting primarily of inert nitrogen and carbon dioxide heavy zones. Executed Synergy LOI on June 25, 2024. The SOG Asset includes: Approximately 24,000 net acres, hi
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USEG
News
- U.S. Energy Corp. (NASDAQ: USEG) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Chinese EV battery makers are building factories in Morocco to cash in on U.S. electric vehicle subsidies [Fortune]Fortune
- US Energy Production Chalks Up Another Record [zero hedge]zero hedge
- U.S. Energy jumps on deal for helium assets in Montana's Kevin Dome [Seeking Alpha]Seeking Alpha
- U.S. Energy Corp. Announces Transformative Acquisition Targeting Helium ProductionGlobeNewswire
USEG
Sec Filings
- 7/1/24 - Form 8-K
- 7/1/24 - Form DEFA14A
- 6/27/24 - Form SC
- USEG's page on the SEC website