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U.S. Energy's CEO Discusses Q2 2012 Results - Earnings Call Transcript

U.S. Energy Corporation (USEG)

Q2 2012 Earnings Call

August 10, 2012 12:00 PM ET


Reggie Larsen – Director, IR

Keith Larsen – Chairman and CEO

Bryon Mowry – Principal Accounting Officer


Noel Parks – Ladenburg Thalmann

Jeffrey Connolly – Sidoti & Company

Mike Wanco – Wanco Investment

Barry Lake – Lake Investment



My name is Ben [ph], and I will be your conference operator today.

At this time, I would like to welcome everyone to the U.S. Energy Corporation second quarter 2012 highlights operational results conference call. (Operator Instructions)

Thank you. I would now like to turn the conference over to Mr. Reggie Larsen, Director of Investor Relations of the U.S. Energy Corp. Sir, you may begin your conference.

Reggie Larsen

Thank you, Ben. Good morning ladies and gentlemen, and thank you for joining us today. Joining me this morning is Keith Larsen, Chief Executive Officer of the company, who will be providing an overview of the quarter and operations update; and Bryon Mowry, the principal accounting officer for the company who will be providing the financial review for today’s call.

In terms of the agenda, we will provide you with an update on our operating initiatives for the quarter end of June 30, 2012 as well as the period subsequent quarter end. We will also conduct a financial review of the quarter and finish with question-and-answer portion of the call.

As a preliminary matter, I would like to note that during this call, we may make forward-looking statements which may be identified by the words "will," "anticipate," "expect," and similar words that are based on the beliefs and assumption of U.S. Energy management.

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