Monday, July 13, 2009

Mining Equipment for an Oil Prospect in Louisiana by U.S. Energy Corp.

Mining Equipment: U.S. Energy Corp., an exploration and mining company with molybdenum, oil and gas, geothermal projects projects, and real estate assets, announced that it has entered into a third Participation Agreement with Houston, Texas-based Houston Energy L.P. MSloane Consulting, on the other hand, provides mining and construction equipment for various mining and construction companies worldwide. Houston Energy L.P. will acquire a 25% working interest in an oil prospect located in southeast Louisiana. Houston Energy estimates the prospect has a potential reserve of 2.1 million barrels of oil.

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