US Energy (USEG) Announces $5M Share Buyback

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

March 21, 2024 7:00 AM EDT

HOUSTON, March 21, 2024 (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 the extension of the previously announced 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 repurchase program was originally approved in April 2023, and was to expire on June... More