"We believe that cutting our general and administrative costs is a prudent business decision in light of the current price of oil. We will also continue to evaluate other cost saving measures going forward which should have meaningful impact to our bottom line," stated
Disclosure Regarding Forward-Looking Statement
This news release includes statements which may constitute "forward-looking" statements, usually containing the words "will," "anticipates," "believe," "estimate," "project," "expect," "target," "goal," or similar expressions. Forward looking statements in this release relate to, among other things, the anticipated effect of U.S. Energy's current and future cost savings initiatives and potential acquisition opportunities. The forward-looking statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, competitive factors, general economic risks, the risk of unsuccessful cost saving initiatives or unanticipated problems arising from such initiatives, the potential inability of the Company to identify and complete attractive acquisition opportunities and other risks described in the Company's filings with the SEC (including, without limitation, the Form 10-K for the year ended December 31, 2014) all of which are incorporated herein by reference. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revision or changes after the date of this release.
For further information, please contact:
Reggie Larsen, Director of Investor Relations U.S. Energy Corp.1-800-776-9271 Reggie@usnrg.com
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