US Energy (USEG) Extends $5M Buyback and Separate Affiliate Share Repurchase

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Go back to US Energy (USEG) Extends $5M Buyback and Separate Affiliate Share Repurchase

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

January 29, 2025 7:00 AM EST

HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ: USEG, U.S. Energy or the Company) 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, as amended. The repurchase program was originally approved in April 2023 and extended in March 2024, and was to expire on June 30, 2025.... More