U.S. Energy Corp. authorizes $5M share buyback program through June 2024

US ENERGY CORP

Board approved up to $5.0M in open-market or negotiated repurchases of common stock.
Program expires June 30, 2024, unless completed or discontinued earlier.
CEO Ryan Smith cites belief that assets are undervalued and buyback is tax-efficient capital return.
Funding from working capital; as of Dec 31, 2022, company had $4.46M cash and 25.0M shares outstanding.
Repurchased shares will be retired and returned to treasury.

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