US Energy (USEG) Announces $5M Share Buyback

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Go back to US Energy (USEG) Announces $5M Share Buyback

U.S. Energy Corp. Announces $5.0 Million Share Repurchase Program

April 27, 2023 7:05 AM EDT

HOUSTON, April 27, 2023 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (Nasdaq: USEG, U.S. Energy or the Company), a growth-focused energy company engaged in operating a portfolio of high-quality producing assets, today announced that its Board of Directors has authorized a share repurchase program under which the Company may purchase up to $5.0 million of its outstanding shares of common stock in the open market, in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934. The Companys decision to repurchase its shares, as well as the timing of such repurchases, will... More