David Veltri, President and Chief Operating Officer of U.S. Energy Corporation (NASDAQ: USEG), presented today at EnerCom’s The Oil & Gas Conference 20®.
U.S. Energy Corp. is a natural resource exploration and development company with oil and gas assets located primarily in North Dakota and Texas. The Company also owns the Mount Emmons molybdenum deposit located in west central Colorado and is headquartered in Riverton, Wyoming.
The company reported $3.3 million in revenue in its Q2’15 results, up by 22.6% compared to Q1’15 revenues of $2.7 million in revenues during the first quarter of 2015. USEG has just $6 million in debt compared to its total asset value of $95 million.
During the company’s breakout session, management was asked the following questions:
- Are you trying to raise equity?
- Can you explain what you believe would be your ideal opportunity?
- How much do commodity prices drive your decisions?
- Where do you intend on using your cash and what’s your debt situation?
- Would you be interested in acquisitions that have a better view of proved developed properties?
- Do you have a broad target line on acquisitions?
