U.s. Energy Corp. · NASDAQ:USEG
U.s. Energy — Merger or Acquisition (July 2024)
10 slides from U.s. Energy's merger presentation, Jul 16, 2024
Slide 1: U.S. Energy Corp. Transaction Presentation
ae: U.S. ENERGY CORP. —_ TRANSACTION PRESENTATION Jury 2024
Slide 2: Disclaimer and Forward-Looking Statements
DIscLAIMER AND FORWARD-LOOKING STATEMENTS Forward Looking Statements “Theinformationin this presentation indudes"forwardlocking statements” thatare made pursuantto the Safe Harbor Provisions of thePrivteSecures Ligation Reform Actof 1995 Allsataments, ther than statements of historical fact neidedin
Slide 3: Expanding Helium Market - Application in High-Growth Sectors
EXPANDING HELIUM MARKET - APPLICATION IN HIGH-GROWTH SECTORS Helium Applications and Demand *® Helium is utilized in multiple vital industries such as semi- conductor manufacturing, aerospace and defense, and healthcare, among many others. = Annual global helium demand is expected to increase from 5
Slide 4: U.S. Energy — Helium Transaction Overview
U.S. ENERGY — HELIUM TRANSACTION OVERVIEW = U.S. Energy recently announced a transformative transaction targeting helium production. Transaction Overview = Combined asset of 164,000 operated acres targeting helium production located across the prolifickevin Dome reservoir. = Industry leading low env
Slide 5: Overview of the Assets
OVERVIEW OF THE ASSETS Wavetech Asset { * 140,000 net acres. , | = Twowells planned to be drilled in August and 1 4 September 2024. , | + Lowdrilling cost anticipated of $1.4 million perwell. | I * Initially target nitrogen-based pay zon Transaction Consideration" USS. Energy acquired 82.5% of Wavet
Slide 6: Large Scale Acreage Position
LARGE SCALE ACREAGE POSITION = Vast acreage position stretching across the resource rich Kevin Dome in Northwest Montana. Com! ed Lease Map By YF id = 164,000 acres of targeted helium resource = 100% Operated + Multiple prospective helium pay zones = Carbon sequestration presents further opportunity
Slide 7: Project Development — Successful Activity Underway
PRoJecT DEVELOPMENT — SUCCESSFUL ACTIVITY UNDERWAY Current Development One active well on Synergy acreage, the Kiefer Farms #1 (“Kiefer”). ‘The Kiefer is completed into the Helium and CO, rich Duperow zone. USEG plans to drill two wells on Wavetech acreage in August and September 2024. ‘The wells pl
Slide 8: Projected Project Timeline
PROJECTED PROJECT TIMELINE = U.S. Energy has a clear, catalyst driven timeline to drive immediate project development. Drill and complete two helium wells on Continue permitting acquired Wavetech for future project acreage development ‘Aug 2024 Close Wavetech Close Synergy Negotiate helium off-take
Slide 9: Helium Grades and Supply Chain
HELIUM GRADES AND SUPPLY CHAIN IGrade iu JDescript Fa eas Closestto 100% pure helium, used in semiconductor chip manufacturing, lab research laser cutting, Mls and as a carrier gas in chromatography. sjadess _gageasy uke Grade Ghelium, itis generally considered esearch grade Similaruses as Grade hel
Slide 10: Conclusion - Strategic Rationale
CONCLUSION - STRATEGIC RATIONALE Energy Growth Innovations Integrated energy company with Helium growth and carbon ‘sequestration opportunities underpinned by value from legacy assets. Prospective multi-zone helium production and carbon sequestration ‘opportunities diversifies the riskofthe project