Thanks, Richone. That's a great news. I hope the pps will start to improve.
Posted by richone on :
Up another 10% today. Still time to get in on the movement. USEH.OB More acquisitions in the future.
Posted by joker669 on :
Have you looked at the L2's for this. Not looking bad not much resistance just need some buys!!
Posted by richone on :
You are correct, need some buyers for a nice pop! It will be interesting to see what they acquire in the coming months.
Posted by richone on :
More news! Buy now, thank me later.
US Energy Holdings, Inc. (OTC BB:USEH.OB - News) today announced that it has executed a letter of intent to acquire majority ownership of Midland, Texas based Taylor Exploration.
The letter of intent was signed on June 2, 2006 and puts US Energy in a strong position for the exploitation of the 200 natural gas well sites in Ozona, Texas the company recently acquired. US Energy Holdings owns the mineral rights to 9,500 acres of property in Crockett County, Texas. Of the 200 potential drilling sites on location, this property contains 15 proven and producing gas wells with a history of production since 1973. The bankable reserves on the property include USD $100 MM in reserves for 30 Canyon Wells locations and USD $39MM for 20 possible Strawn-Ellenburger locations. There could be as many as 30 Strawn-Ellenburger locations available on these leased properties.
Taylor Exploration is a 30-year veteran in the drilling industry with a proven record of exploitation success in the Crockett County area. "We feel that Taylor is the ideal candidate to help us secure the highest yield from our wells and start production within a very short period of time. They are the final piece to the puzzle and we are excited at the prospect of becoming a full-fledged energy company in today's world of exponential energy demand."