U.S. ENERGY CORP. overview

DENVER, Jan. 04, 2017 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (Nasdaq:USEG) (the "Company") announced today, January 4, 2017 the extension of its exclusive rights to participate with IronHorse Resources, LLC ("IronHorse") in the Wattenberg Development Project previously announced. The Company and IronHorse had entered into an Earnings and Participation Agreement dated September 14, 2016 (the "Agreement") as to the purchase of 40% of IronHorse's interest in five Wattenberg farmout agreements. The...

DENVER, Dec. 16, 2016 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ:USEG), today announced it has entered into definitive securities purchase agreements with certain institutional investors for a registered direct offering of shares of common stock for gross proceeds of approximately $1.5 million. The offering was priced at $1.50 per share. Additionally, in a concurrent private placement, for each share of common stock purchased, the investors will receive a warrant to purchase one share of...