US Energy reported its Q2'24 results, closing the acquisition of 140k net acres for helium and industrial gas development in Montana and signing a letter of intent for an additional 24k net acres. The company also completed the divestiture of South Texas assets for US$6.5mm, using proceeds for debt reduction and its helium asset development. Drilling on the Montana assets is set to begin in Sep'24. The company ended the quarter with a net loss of US$2mm and a cash balance of US$2.2mm.
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See AllUS Energy Corporation executed definitive documents for the sale of its South Texas Assets for ~US$6.5mm, with the transaction expected...
On an analyst call, US Energy Corp management talked about its plans for its recently acquired Montana helium asset . The asset is...
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