U.s. Energy Corp. · NASDAQ:USEG
U.s. Energy — Big Sky Industrial — Investor Presentation (June 2026)
18 slides from U.s. Energy's investor presentation, June 2026
Slide 1: Big Sky Industrial Investor Presentation
BIG SKY INDUSTRIAL INVESTOR PRESENTATION Building America’s Energy & Carbon Management Platform
Slide 2: Forward-Looking Statements
Forward-Looking Statements Information set forth in this communication constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other securities laws. All statements other than historical facts are forward-lo
Slide 3: Big Sky Industrial At A Glance
Big Sky Industrial At A Glance A Compelling Entry Point Into a Cash-Flowing, Multi-Stream Platform OVERVIEW Integrated energy company advancing a diversified industrial gas, BIG SKY CARBON HUB 50+ energy and carbon management platform. 27% owned by YEAR PRODUCING ASSET. insiders. 1.3 BCF of helium,
Slide 4: The Deliberate Strategic Pivot
The Deliberate Strategic Pivot From Legacy E&P to an Integrated Industrial Gas and Carbon Management Platform COMPETITIVE MOATS STRATEGICALLY MONETIZED NON-CORE ASSETS WITH PROCEEDS REDEPLOYED REDEPLOYED INTO THE BIG SKY CARBON PLATFORM CONTROL ONE OF THE LARGEST INDUSTRIAL GAS GAS STRUCTURES IN THE
Slide 5: The Flywheel in Action
The Flywheel in Action 2027E Revenue Mix Produce Process Extract Low-Cost Industrial Purify Helium & Capture/ 50% Gas at Kevin Dome Liquefy CO2 Oil Production $75/bbl 35% Carbon Management $85/ton – policy backed Reinvest Expand Capacity Through Monetize Helium + EOR + 15% Helium sales Self-Funding
Slide 6: Phase 1 Capital Funding is Secured
Phase 1 Capital Funding is Secured Phase 1 Capital Structure. First Revenue Target: Q1 2027E. Phase 1 Capital - Committed Capital in Place Sources of Capital Phase 1 • $27mm deployed through acquisitions, site development, permitting, and production Capex • $28mm remaining CapEx expected to be cover
Slide 7: BSIN Advantage: One Platform. Three Streams. No Redundancy.
One Platform. Three Streams. No Redundancy. Each Revenue Line is Independent, Contracted, or Supported by Federal Policy. Helium Carbon Management Oil Production • Contracted offtake agreement closed April 2026, • First-mover as an emerging Western U.S. carbon • 170+ Class II injection wells permitt
Slide 8: Long-Term Helium Offtake Agreement
Long-Term Helium Offtake Agreement Contracted revenue de-risks supply and underpins predictable, financeable cash flows from commencement. Buyer Profile Investment-grade industrial gas company with global distribution infrastructure and established market relationships BASE PRICE ANNUAL HELIUM COMMI
Slide 9: Big Sky Carbon Hub
Big Sky Carbon Hub One of the Largest Industrial Gas Structures in the United States – Permitted, De-Risked, and Ready to Scale. Big Sky Carbon Hub Positioned For Regional Impact ▪ The Big Sky Carbon Hub sits atop the renowned Kevin Dome geologic structure, Cut Bank one of the largest of its kind in
Slide 10: Exposure to Long-Term Oil Upside
Exposure to Long-Term Oil Upside ~70 MMbbls of Incremental Recovery Potential from a Fully Permitted, Operating Field. Cut Bank EOR Field Map Established Operations ▪ Operated by BSIN since January 2022 with experienced local field team. Currently Producing ▪ ~29,000 net acres with long production h
Slide 11: Diversified Revenue Streams
Diversified Revenue Streams Project Economics Inflect Sharply in 2027 and Compounds as Phase 2 Comes Online. Projected Project Revenues and EBITDA ($MM) (1)(2) Expected long-term contracted industrial gas $75 2nd Plant Online Helium exposure within a vertically integrated ($30mm Capex) platform. $60
Slide 12: Infrastructure & Market Access
Infrastructure & Market Access Strategic Infrastructure Position with Direct Access to Premium Markets. Infrastructure Groundwork in Place Geographic Position on Major Rail and Highway Network ▪ BSIN finished its drilling & completions operations in August 2025, capping off three ▪ Rail spur in Shel
Slide 13: Milestones Achieved. Catalysts Ahead
Milestones Achieved. Catalysts Ahead What we have done: Where we are going: Q1 Q2 Q4 Q1 Q2 – Q4 Q2 Q2 Q3 Q2 - Q4 Q1 2022 2024 2024 2025 2025 2026 2026 2026 2026 2027 Field Drilling Drilling and Close Project Receive MRV Commence Acquisition Hub Acquisition Operations Hub Acquisition Regulatory Finan
Slide 14: The Investment Case
The Investment Case Differentiated Asset 1 The only integrated helium + CCUS hub in the Northwest U.S. 1.3 Bcf Helium. 444 BCF CO2. 100% owned and operated. 50-year reserve life. Economics 2 Three independent revenue streams. $130M in 45Q federal credits over 12 years. 2.67x EV/2027E EBITDA vs 7-10x
Slide 15: Management Team
Management Team Executives with decades of combined experience in energy finance, carbon management, and E&P operations Jo hn Weinzierl Ryan S m ith M ark Z ajac C hairm an C EO C FO 30+ years of experience 20+ years of experience 30+ years of experience Led two public listings as Co-founder and CEO
Slide 16: Appendix
Appendix
Slide 17: BSIN: A Different CCUS Platform
BSIN: A Different CCUS Platform A scalable U.S. CCUS project sourced from industrial gas – not fossil fuels, ethanol, or DAC. Active Project Overview 1.5 $130MM 1.0 Expected 45Q value over first 12 years of 3.0 operations. 0.5 Synfuels Plant 7.3 Coal Gasification 16 other plants - #17 Ranked among a
Slide 18: NASDAQ: BSIN
NASDAQ: BSIN
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