Current Report Filing (8-k)
November 16 2016 - 4:04PM
Edgar (US Regulatory)
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): November 11, 2016
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U.S.
ENERGY CORP.
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(Exact
Name of Company as Specified in its Charter)
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Wyoming
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0-6814
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83-0205516
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(State or other jurisdiction
of
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(Commission File
No.)
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(I.R.S. Employer
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incorporation or
organization)
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Identification No.)
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4643
S. Ulster Street, Suite 970, Denver, Colorado
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80237
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(Address of principal
executive offices)
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(Zip Code)
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Registrant's
telephone number, including area code:
(303) 993-3200
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Not
Applicable
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Former
Name, Former Address or Former Fiscal Year
(If
Changed From Last Report)
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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):
☐ Written
communications pursuant to Rule 425 under the Securities Act
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
Item
1.01
Entry
into a Material Definitive Agreement or Other Events.
On
September 14, 2016, U.S. Energy Corp. (the “Company”) and IronHorse Resources, LLC (“IronHorse”) entered
into an Earnings & Participation Agreement dated effective September 2, 2016 (the “Agreement”), pursuant to which
the Company has agreed to purchase 40% of IronHorse’s interest in five Wattenberg farmout agreements previously acquired
by IronHorse. Section 11 of the Agreement set a deadline for the Company to provide reasonable evidence of funding sufficient
to meet its drilling obligations. On November 11, 2016, the Company and IronHorse agreed to extend the financial assurance deadline
under the Agreement to December 11, 2016, in part due to the expected delay of the initial drilling program start date in the
first quarter and continuing through the second quarter of 2017. The extension will allow the Company to continue negotiating
with several potential financial partners.
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.
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U.S.
ENERGY CORP.
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Dated: November
16, 2016
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By:
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/s/
David A. Veltri
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David A. Veltri, CEO
and President
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