U.S. Energy Corp. Announces Entry Into Binding Agreement For Asset Sale For South Texas Properties
U.S. Energy (USEG) Newsfilter·2024-07-10 04:30
HOUSTON, July 09, 2024 (GLOBE NEWSWIRE) -- U.S. Energy Corporation (NASDAQ: USEG, “U.S. Energy” or the “Company”) today announced that the Company has executed definitive documents (the “Transaction”) for the sale of assets located in South Texas (the “South Texas Assets”). The Transaction is subject to customary conditions to closing and the Transaction may not close on a timely basis, or at all. HIGHLIGHTS All cash proceeds of approximately $6.5 million. Proceeds are expected to be used to fund developmen ...