HOUSTON: U.S. Energy Corp. has announced intention to offer its common shares in an underwritten public offering.

In connection with the offering, the Company expects to grant the underwriters a 45-day option to purchase an additional 15% of the shares of its common stock offered in the public offering on the same terms and conditions.

The offering is subject to market and other conditions and there can be no assurances as to whether or when the offering may be completed or as to the actual size or terms of the offering.

Kingswood Capital Markets, division of Benchmark Investments, Inc., is acting as sole bookrunner for the offering.

The offering is expected to close on February 17th, 2021, subject to customary closing conditions.

U.S. Energy Corp. is an independent energy company focused on the acquisition and development of oil and gas producing properties in the United States.

The business is currently focused on targeting mature, low decline assets with existing infrastructure, which allows the company to maximize return on capital in a cost effective and sustainable manner. www.usnrg.com