U.s. Energy Corp. · NASDAQ:USEG
U.s. Energy — Emerging Growth Conference September 2024
12 slides from U.s. Energy's conference presentation, Sep 25, 2024
Slide 1: U.S. Energy Corp. Emerging Growth Conference September 2024
ina U.S. ENERGY CORP. il EMERGING GROWTH CONFERENCE SEPTEMBER 2024
Slide 2: Disclaimer and Forward-Looking Statements
DISCLAIMER AND FORWARD-LOOKING STATEMENTS Forward Looking Statements ‘Theinformation inthis presertationindudes “Torwardeokng stzererts’ that are made pursart totheSafe Harbor Provsors ofthe Private SecurtesLkigation Reform Actof 1995 All tternens, ther than naterents f historical fac inladed inthis
Slide 3: U.S. Energy Overview
U.S. ENERGY OVERVIEW * U.S. Energy operates a portfolio of high-quality producing energy assets that allows the Company to execute on an attractive capital returns program to shareholders Company Overview Where We Operate NASDAQ USEG Shares Outstanding 28.1 million Share Price (*) $0.97 Market Cap |
Slide 4: A Differentiated Small-Cap E&P Investment
A DIFFERENTIATED SMALL-CAP E&P INVESTMENT Fl Track Record of Executing Transactions to Drive Proven Basins / Free Cash Flow Generation with Increased Critical Mass Long Life Assets Low Reinvestment Needs Eight acquisitions since 2020 increased Rockies and Texas assets featuring Legacy assets create
Slide 5: Expanding Helium Market - Application in High-Growth Sectors
EXPANDING HELIUM MARKET - APPLICATION IN HIGH-GROWTH SECTORS Helium Applications and Demand United States Helium Demand Semienductore = Helium is utilized in multiple vital industries such as semi- : conductor manufacturing, aerospace and defense, and healthcare, among many others. engneoig ‘oenee =
Slide 6: U.S. Energy — Recent Transaction Overview
U.S. ENERGY — RECENT TRANSACTION OVERVIEW * U.S. Energy recently announced a transformative transaction targeting helium and other industrial gas production. Transaction Overview = Asset of 140,000 operated acres targeting helium and other industrial gas production located across the prolific Kevin
Slide 7: Overview of the Asset
OVERVIEW OF THE ASSET Asset Details Detailed Contingent and Prospective Resources ‘!) Discovered Gas tially Remaiing Helium 12) 140,000 netiasres. 1 in Place (Bet) Resource cf) | Development program recently initiated. | “Company gross ac 20 aC ac 20 ao ' 1 flow) = (Best) (High) flow) (Best) (High)
Slide 8: Large Scale Acreage Position
LARGE SCALE ACREAGE POSITION = Vast acreage position stretching across the resource rich Kevin Dome in Northwest Montana. nergy Acreage Position Highlights 140,000 acres of targeted helium resource = 100% Operated Multiple prospective helium pay zones = Carbon sequestration presents further opportun
Slide 9: Project Development — Successful Activity Underway
Project DEVELOPMENT — SUCCESSFUL ACTIVITY UNDERWAY Current Development USEG recently development program. initiated its Nearby well control shows Helium and CO, rich Duperow zone. USEG plans to drill multiple wells throughout the current fall season and spring/summer 2025. ‘The wells to be drilled o
Slide 10: Projected Project Timeline
PROJECTED PROJECT TIMELINE = U.S. Energy has a clear, catalyst driven timeline to drive immediate project development. Initiate Continue development. development program program. Build plant. Closed Continue permitting Commission plant and transformative for future project realize helium sales. tran
Slide 11: Helium Grades and Supply Chain
HELIUM GRADES AND SupPLy CHAIN Helium Grades Grade 6 99,9999% Eee eal ae jin semiconductor chip manufacturing, lab research laser cutting, MRIs and as a| Grosess_agoogu thn ind Sh, ewe onerd iach ac Siri Ginde Cheam bk oonaiy eae feces, [eran eae os Ee chromatogrohy, ‘mass spectrometry and also used
Slide 12: 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. Risk Diversification Prospective multi-zone helium production and carbon sequestration opportunities diversifies the
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