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US Energy Holdings, Inc. Important Shareholders' Update
By Market Wire Last Update: 8/22/2006 9:01:03 AM Data provided by
HOUSTON, TX, Aug 22, 2006 (MARKET WIRE via COMTEX) -- CEO of US Energy Holdings, Inc. (USEH), Claude Eldridge, is proud to announce the groundbreaking news everybody has been seeking: "When will US Energy Holdings, Inc. start the exploration of its first well in Ozona, Texas?"
US Energy Holdings plans to commence drilling within the first week of November 2006. This well should be in full production in time to meet the 06-07 winter demand. Following the history of this field, this well should return great profits for US Energy Holdings and its shareholders.
Claude Eldridge, CEO, thanks the shareholders for standing behind this company while we have been building a solid foundation for making US Energy Holdings a name to be reckoned with in the energy sector.
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of US Energy Holdings, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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Business Description:US Energy Holdings, Inc. (OTC BB:USEH.OB - News) is an North American energy resource company with an emphasis on oil and gas development drilling and production.
State of Incorporation: NV
Outstanding Shares: 5,393,978 as per latest 10q on May 23rd,2006
US Energy Holdings, Inc. Letter of Intent to Acquire 200 Natural Gas Well Sites in Ozona, Texas Should be Completed by March 31st, 2006 Friday March 31/06 http://biz.yahoo.com/iw/060331/0115841.html
US Energy Holdings, Inc. Is Pleased to Announce That It Has Executed Its Second Letter of Intent for the Month of March March 21/06 http://biz.yahoo.com/iw/060321/0113946.html
Work Experience - US Energy Holdings: Chairman, CEO (February 2006 - Current) - Trans Global Funding: Founder (June 2005 - Current) - Triple E Construction: Chairman, Founder (January 1995 - June 2005) - Eldridge & Associates: President (November 1984 - January 1995) - IB&A VP Marketing (March 1982 - November 1984) - Weeks & Associates: Sales Director (January 1980 - February 1982)
Timothy Foust (President) - Timothy "Tim" Foust is US Energy Holding's President, a leader in exploration, exploitation and production of long-lived, high rate of return, Global reserves that help people and businesses realize their full potential by providing them with their everyday energy needs.
Thanks DF from All stocks
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I wonder how much oil they'll be producing come November? I hope it's at least a 100K barrels a day. :)
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