U.S. Energy Corp. Announces Third Quarter Earnings

Date : 11/15/2007 @ 9:30AM
Source : PR Newswire
Stock : U.S. Energy (MM) (USEG)
Quote : 2.11  -0.09 (-4.09%) @ 4:40PM
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U.S. Energy Corp. Announces Third Quarter Earnings

Conference Call/Webcast to Discuss Third Quarter 2007 Financial Results

RIVERTON, Wyo., Nov. 15 /PRNewswire-FirstCall/ -- U.S. Energy Corp. (NASDAQ:USEG) today announced that it has released its financial results for the third quarter of 2007 and the Company has scheduled a conference call and webcast for investors and analysts for 12:00 PM (Eastern Time) on Monday, November 19, 2007.

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Third Quarter Conference Call/Webcast

When: Monday, November 19 at 12:00 PM EST (10:00 AM MST)

Dial-In Number: (866) 257-9956 (Within US and Canada), (706) 645-9218 (International)

Replay Number: (800) 642-1687 (Within the US and Canada), (706) 645-9291 (International). ID Number #24867061. The replay will be available starting at approximately 1:00 PM EST on November 19th and will be available for seven days through 11:59 PM EST on Monday, November 26th.

Webcast: The live webcast can be accessed by going to http://www.videonewswire.com/event.asp?id=44165. Web participants are encouraged to go to the site at least 15 minutes prior to the start of the call to register, download and install any necessary audio software.

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About U.S. Energy Corp.

U.S. Energy Corp. is a diversified natural resource company with interests in molybdenum, gold, and oil and gas. As a transitional owner of assets, U.S. Energy Corp. acquires properties on favorable terms, adds value through the application of its expertise, and exits the investment through a joint venture or sale to a strategic buyer. While the Company's primary emphasis is upon investments in the natural resources sector, it is also broadening its business interests to include cash-flow-generating investments driven by surging growth created by energy and mining activity in the intermountain west region of the United States.

The Company is headquartered in Riverton, Wyoming, and its common stock is listed on The NASDAQ Capital Market under the symbol "USEG".

Disclosure Regarding Mineral Resources Under SEC and Canadian Regulations; and Forward-Looking Statements

The Company owns or may come to own stock in companies which are traded on foreign exchanges, and may have agreements with some of these companies to acquire and/or develop the Company's mineral properties. Examples of these other companies are Sutter Gold Mining Inc. and Kobex Resources Ltd. These other companies are subject to the reporting requirements of other jurisdictions.

United States residents are cautioned that some of the information available about our mineral properties, which is reported by the other companies in foreign jurisdictions, may be materially different from what the Company is permitted to disclose in the United States.

This news release includes statements which may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in mineral prices, the availability of capital, competitive factors, and other risks. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revision or changes after the date of this release.

For further information on the differences between the reporting limitations of the United States, compared to reports filed in foreign jurisdictions, and also concerning forward-looking statements, please see the Company's Form 10-K ("Disclosure Regarding Forward-Looking Statements"; "Disclosure Regarding Mineral Resources under SEC and Canadian Regulation"; and "Risk Factors"); and similar disclosures in the Company's Forms 10-Q.

DATASOURCE: U.S. Energy Corp.

CONTACT: Keith G. Larsen, CEO, or Mark J. Larsen, President, both of

U.S. Energy Corp. +1-307-856-9271

Web site: http://www.usnrg.com/

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