U.S. ENERGY CORP. (NASDAQ:USEG) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
On April 27, 2017, the Board of Directors (the Board) of U.S.
Energy Corp. (the Company) adopted an amendment to the Companys
bylaws to amend Article III, Section 2 to reduce the authorized
number of directors from seven to five directors. There are five
directors currently serving on the Board, and the Board does not
anticipate any expansion of the Board at this time. The foregoing
summary of the amendment is qualified in its entirety by
reference to the complete text of the Amendment to Bylaws, which
is attached as Exhibit 3.1 to this report and incorporated herein
by reference.
About U.S. ENERGY CORP. (NASDAQ:USEG)
U.S. Energy Corp. (U.S. Energy) is an independent energy company focused on the acquisition and development of oil and gas producing properties in the continental United States. The Company’s business activities are focused on South Texas and the Williston Basin in North Dakota. The Company operates through Oil and Gas segment. The Company participates in oil and gas projects primarily as a non-operating working interest owner through exploration and development agreements with various oil and gas exploration and production companies. The Company is also pursuing acquisitions of exploration, development and production-stage oil and gas properties or companies. The Company holds a geographically and geologically diverse portfolio of oil-weighted prospects in varying-stages of exploration and development. The Company engages in the prospect stages either for its own account or with prospective partners to enlarge its oil and gas lease ownership base. U.S. ENERGY CORP. (NASDAQ:USEG) Recent Trading Information
U.S. ENERGY CORP. (NASDAQ:USEG) closed its last trading session up +0.061 at 0.949 with 5,230 shares trading hands.