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U S Energy Corp has committed it's entire strategy to move from gold mining and other mining resources to the natural gas sector. Partial press below:
U.S. ENERGY CORP. (NASDAQ: USEG) AND CRESTED
CORP. (OTC BULLETIN BOARD: CBAG) D/B/A USECC, ANNOUNCED TODAY THAT USECC HAS MADE A STRATEGIC DECISION TO FOCUS VIRTUALLY ALL OF ITS CORPORATE ENERGIES UPON NATURAL GAS EXPLORATION AND DEVELOPMENT ACTIVITIES. USECC WILL INITIALLY CONCENTRATE ON DEVELOPING RESERVES AND NATURAL GAS PRODUCTION FROM THE COMPANIES' COALBED METHANE PROSPECTS IN WYOMING AND MONTANA. IN PURSUIT
OF THIS STRATEGIC OBJECTIVE, THE COMPANIES HAVE IMPLEMENTED REDUCTIONS IN WORKFORCE AND EXPENDITURES WITHIN OTHER CORPORATE DIVISIONS. THESE ACTIONS ARE EXPECTED TO SIGNIFICANTLY REDUCE OPERATING EXPENSES UNRELATED
TO COALBED METHANE DEVELOPMENT ACTIVITIES.
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