John Davenport's questions to US Energy Corp (USEG) leadership • Q3 2024
Question
John Davenport of Johnson Rice requested a timeline for the release of additional data points on helium concentrations from the first well and asked when a formal helium reserve report might become available.
Answer
CEO Ryan Smith explained that the next comprehensive operational update, including data on helium content and flow rates, is expected in early December or early January. He noted that the third-party reserve report, being prepared by Ryder Scott, is anticipated to be released around the same time, likely in early-to-mid January.