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Gold/Mining/Energy : USEG - U S Energy Corp.

USEG 1.115

-3.9%

3:59 PM EST

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To: mlkr who wrote (40)	11/2/2009 7:41:08 PM
From: Texas77	Read Replies (1) of 98

They just announced the second well results. I don't think we have to worry about $5 again for a long time. They added a 3rd rig to the drill program and should get results on two more wells soon and two more after that neatr the end of the year. This second well has great results and it is out close to what they thought the boundaries are. I guess they are farther out. Really great news. I will sleep well tonight! (no pun intended ;-) ) finance.yahoo.com U.S. Energy Corp. (Nasdaq:USEG - News) ("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 the initial production rate from its BCD Farms 16-21 #1H Bakken well and provided an operations update regarding the Williston Basin drilling program. The BCD Farms 16-21 #1H well, which is operated by Brigham Exploration Company (NASDAQ: "BEXP") ("Brigham" or "BEXP"), flowed at an initial 24-hour production test rate of approximately 1,553 barrels of oil and 1.34 MMCF of natural gas per day or 1,776 BOE/D. The well is located in the northwest portion of the Rough Rider acreage, and is located approximately 13 miles northwest of the Brad Olsen well.

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