USEG - U S Energy Corp. Message Board

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

USEG 1.160

-6.3%

Nov 3 3:59 PM EST

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To: Texas77 who wrote (47)	12/1/2009 9:58:23 AM
From: Paul Senior	Read Replies (2) of 98

Yes, good news. I like your enthusiasm. I hope we are right about this company. I pumped up my position this morning with the stock under $6. I'm going to have to pay closer attention and do more studying: I had believed the Bakken was primarily if not exclusively, a nat. gas play. Results from shale plays seem to be reported in boepd or mmcf. However, with USEG announcement I read, "The Strand was successfully fracture stimulated and produced approximately 1,947 barrels of oil and 1.9 MMcf of natural gas, or 2,264 barrels of oil equivalent." So we're talking oil. I like oil better than gas, because I am presuming we (USA) might have plenty of gas from all the various shale deposits, but with peak oil, not so much oil. So I like oil. And so I hope a reason to like USEG.

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