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: Paul Senior who wrote (49)	12/1/2009 11:55:54 PM
From: james simon	of 98

My guess is that it will better than bad. It confirms that US Energy is going to be drilling past the initial 6 wells up to at least 15. I'm really surprised that the stock isn't higher. The first well took it up a couple of dollars and the following 3 wells after that didn't really do anything at all, which is odd considering how successful they were. There was that crazy general correction that I think got in the way though. A stock like this though doesn't come along often. With only 21,000,000 shares, 40 million in cash and now has dominant working interest in 6500 barrels/day in 4 new wells, it's a gold mine in my eyes. I just wonder if there is poor promotion of the company or maybe something done on purpose. I just don't think it should be still sitting down at $6 still. Gives it some definite upside potential. The first 4 holes, I calculate, are bringing them in around $7,000,000 per month gross with their respective working interest.

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