CASH COW

[mick]

Dec 14, 2010 14:00 U.S. Energy Corp. Enters Into Participation Agreements With Zavanna LLC and Other Sellers in the Williston Basin of North Dakota
U.S. Energy Corp. (Nasdaq:USEG) ("USE" or the "Company"), a natural resources exploration and development company with interests in oil and gas, molybdenum, geothermal, and real estate assets, today announced that it has entered into two Participation Agreements with a private Denver, Colorado based company, Zavanna LLC and other affiliated sellers ("Zavanna"), to acquire approximately 6,200 net mineral acres located in McKenzie County, North Dakota for $10.95 million. Approximately one-third of the net mineral acres are held by production. continued...