SOURCE: US Energy Holdings, Inc.

June 26, 2006 09:30 ET

Ozona Pipeline Contract Completed

HOUSTON, TX -- (MARKET WIRE) -- June 26, 2006 -- US Energy Holdings, Inc. (OTCBB: USEH) is proud to announce that as of Friday, June 23rd, 2006, the contract for the Crockett County Pipeline has been signed and completed. US Energy Holdings now looks to move forward with the onset of drilling our first wells. A date will be announced at a later time.

"Things are moving along very smoothly now," states Mr. Eldridge, "We are now looking ahead to the drilling of our first wells which should all be excellent producers."

About US Energy Holdings

Based in Houston, TX, US Energy Holdings, Inc. (www.usenergyholding.com) is a diversified US energy company. Its activities are focused solely on United States Energy Resources.

US Energy Holdings, Inc. owns the mineral rights to 9,500 acres in Crockett County, Texas. The property is located approximately 25 miles south of Ozona and 75 miles north of Del Rio, Texas. The "Canyon Sandstone" gas wells located on this ranch are part of the large prolific Adams-Baggett Canyon Sandstone Field.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of US Energy Holdings, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • Contact:
    Claude Eldridge
    CEO
    US Energy Holdings
    Office # 281-383-9825