US Energy (USEG) Regains Nasdaq Compliance

U.S. Energy Corporation (NASDAQ: USEG) a growth-focused company engaged in the operation and development of high-quality producing energy assets, today announced that on October 10, 2024, the Company received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that Nasdaq has determined that the Company has regained compliance with the minimum bid price rule and that the Company is in compliance with all applicable listing standards. Accordingly, the matter is now closed.

MANAGEMENT COMMENTARY

"I am pleased to announce that U.S. Energy is now fully compliant with all Nasdaq listing standards," said Ryan Smith, Chief Executive Officer of U.S. Energy. "Following our recent industrial gas transaction and the start of our development program, along with a debt-free balance sheet and an active share buyback program, we are well-positioned to enter 2025 with the financial strength and operational runway needed to continue our disciplined capital allocation strategy, drive growth, and enhance shareholder value."

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