SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

US Energy Corp – ‘8-K’ for 6/28/07

On:  Thursday, 7/5/07, at 12:23pm ET   ·   For:  6/28/07   ·   Accession #:  101594-7-148   ·   File #:  0-06814

Previous ‘8-K’:  ‘8-K’ on 6/27/07 for 6/20/07   ·   Next:  ‘8-K’ on 7/30/07 for 6/30/07   ·   Latest:  ‘8-K’ on / for 3/26/24

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of                Filer                Filing    For·On·As Docs:Size

 7/05/07  US Energy Corp                    8-K:8       6/28/07    1:23K

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Use 8-K 7-5-07 Dividend                             HTML     18K 


This is an HTML Document rendered as filed.  [ Alternative Formats ]




 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (date of earliest event reported): July 5, 2007 (June 28, 2007)

U.S. ENERGY CORP.
(Exact Name of Company as Specified in its Charter)

Wyoming
83-0205516
(State or other jurisdiction of
(Commission File No.)
(I.R.S. Employer
incorporation or organization)
 
Identification No.)
     
Glen L. Larsen Building
   
877 North 8th West
Riverton, WY
 
82501
(Address of principal executive offices)
 
(Zip Code)
     
Registrant's telephone number, including area code:  (307) 856-9271



Not Applicable
Former Name, Former Address or Former Fiscal Year,,
If Changed From Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):

 o   Written communications pursuant to Rule 425 under the Securities Act
 o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act
 o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
 o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act



Section 8.   Other Events.
 
 
 
-
Cash Dividend on Common Stock

On June 28, 2007, U.S. Energy Corp. announced that it will pay a one time special dividend of $0.10 per share to each common shareholder of record on July 6, 2007.  The dividend will be paid on July 16, 2007.

 
-
Common Stock Buy Back Program

The Board of Directors of U.S. Energy Corp. has approved a share buy back program for up to $5 million in common stock.  The buy back program, effective immediately, will be handled exclusively through an individual brokerage firm and will be subject to blackout periods.

 
-
Oil and Gas Exploration Activities

U.S. Energy Corp. has signed an Exploration and Area of Mutual Interest agreement with a Gulf Coast (United States) oil and gas exploration and production company.  U.S. Energy Corp. anticipates it will participate as a 20% working interest partner in numerous wells that will be drilled over the next three to five years.  Approximately $3 million has been paid under the agreement to date.  Two prospects have already been leased, and exploration and development activities should commence in the later part of the fourth quarter 2007 or the first quarter of 2008.

U.S. Energy Corp. believes that numerous prospects will be generated, leased and drilled potentially resulting in $10,000,000 to $15,000,000 in exploration and development expenditures for its working interest over the course of the anticipated three to five year program.

U.S. Energy Corp. has retained Brian Wildes to act as technical advisor to the Company in regards to the program.  Mr. Wildes has over 30 years experience in the exploration and development of oil and gas properties in Kansas, Oklahoma, Texas and Louisiana.

Section 9.  Financial Statements and Exhibits

None
 
SIGNATURES
 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

 
U.S. ENERGY CORP.
     
     
Dated:  July 5, 2007
By:
/s/  Keith G. Larsen
   
Chief Executive Officer


2



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
7/16/07
7/6/07
Filed on:7/5/074
For Period End:6/28/07
 List all Filings 
Top
Filing Submission 0000101594-07-000148   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Thu., Mar. 28, 9:20:34.2am ET