U.s. Energy Corp. · NASDAQ:USEG
U.s. Energy — Investor Presentation (January 2022)
10 slides from U.s. Energy's investor presentation, Jan 10, 2022
Slide 1: Corporate Overview January 2022
a Y U.S. ENERGY CORP. \ Corporate Overview January 2022
Slide 2: Disclaimer & Forward-Looking Statements
ey Disclaimer & Forward-Looking Statements US. ENERGY CORP. Forward Looking Statements The information in this presentation includes “forward-looking statements” that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than s
Slide 3: U.S. Energy Corp. Overview
ie U.S. Energy Corp. Overview US. ENERGY CORP. U.S. Energy is a growth-focused energy company engaged in operating a portfolio of mature, low decline assets that will allow the Company to execute on a peer-leading capital returns program to shareholders. Nasdaq listed E&P Company with oil-weighted P
Slide 4: U.S. Energy Reserves Summary
U.S. Energy Reserves Summary US. ENERGY CORP. US Energy Corp. Estimated Reserves Summary (October 1, 2021)(4) Oil Natural Gas Total Reserves (Mbbl) (MMCF) (MBOE) % of Total Reserves Pv-10(2) ($MM) % Oil Proved Producing Reserves (“PDP”) 5,026 7,675 6,305 100% $132.6 80% Total Proved Reserves 5,026 7
Slide 5: Recent Transaction Overview
Recent Transaction Overview Transaction Strategic Rationale & Overview Energy Transformat Recently closed transactions have created a diversified, low leverage, free cash flow generating oil and gas company focused on continued consolidation. The assets were acquired from three private entities and
Slide 6: Transformational Transaction Detail
wory Transformational Transaction Detail US. ENERGY CORP. Increases average daily production from 380 Boe/d Closing Price to 1,830 Boe/d, a 382% increase (October 2021). +All amounts in millions except share price 1/6/22 Increases estimated PDP reserves from 1,468 Mboe Shares issued to seller 19.9 I
Slide 7: Committed to ESG Initiatives
ee Committed to ESG Initiatives US. ENERGY CORP. U.S. Energy Corp. (“USEG”) is committed to ESG stewardship and being a leader in reducing our carbon footprint while maintaining environmental responsibility through our quiding principles: Performance 5 ESSE EE TSS Tie Te Tr U.S. Energy Corp. plans t
Slide 8: Consistently Improving Capital Structure
Consistently Improving Capital Structure Track Record of Successfully = Recently entered into a new $100 million credit facility with $15 million borrowing base. = Successfully accessed public equity markets for strategic acquisitions in extremely difficult market. ie U.S. ENERGY CORP. Cou = Further
Slide 9: Consistently Successful M&A Activity
Consistently Successful M&A Activity Additional M&A Transaction: = USEG has completed three other M&A transactions since existing management took control in December 2019. = Added a total of $9.2 mm of estimated PDP PV-10 at then current strip for total purchase aggregate consideration of $1.2 mm fi
Slide 10: Experienced and Highly Aligned Board of Directors
Experienced and Highly Aligned Board of Directors ie U.S. ENERGY CORP. a John Weinzierl James Denny Ill Randall Keys Joshua Batchelor Stephen Slack Lee _| Ryan Smith Independent Director | Independent Director nN Director | Independent Director | Independent Director CEO and Director John Weinzierl