U.S. Energy Corp. (NasdaqCM:USEG) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares.

The repurchase program will be funded from company's working capital. The repurchased shares will be retired and returned to treasury. The program will expire on June 30, 2024,or when a maximum amount of common stock has been repurchased, or when such program is discontinued by the Board of Directors.

As of December 31, 2022, the Company had 25,023,812 shares of common stock issued and outstanding.