SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 and 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): August 26, 2003 (August 21,
2003)
U.S. ENERGY CORP.
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Exact Name of Registrant as Specified in its Charter)
Wyoming 0-6814 205516
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File No.) Identification No.)
Glen L. Larsen Building
877 North 8th West
Riverton, WY 82501
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (307) 856-9271
Not Applicable
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(Former Name, Former Address or Former Fiscal Year,
if Changed From Last Report)
ITEM 5. OTHER EVENTS
U.S. Energy reports that RWE Nukem, Inc. (Nukem) of Danbury, Connecticut
has filed a motion with the U.S. District Court of Colorado to approve
supersedeas bonds in the amount of $20,275,600 to prevent execution on the
Judgment, which was entered in favor of U.S. Energy Corp. and Crested Corp.
against Nukem.
Nukem has indicated that it will appeal the July 30, 2003 Order and Final
Judgment entered by the Court on August 1, 2003. Nukem has filed a motion under
seal to correct the Court's Order of July 30, 2003 and another motion to remand
the case to an arbitration panel of the American Arbitration Association. U.S.
Energy Corp. and Crested Corp d/b/a USECC have until September 8, 2003 to
respond to Nukem's motion.
U.S. Energy Corp. and Crested Corp. also filed a motion under seal to alter
or amend the Court's Judgment. Nukem has until September 5, 2003 to respond to
USECC's motion.
FORWARD LOOKING STATEMENTS
This Report on Form 8-K includes "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"). All statements other than statements of historical fact
included in this Report, are forward-looking statements. In addition, whenever
words like "expect," "anticipate" or "believe" are used, we are making
forward-looking statements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
U.S. ENERGY CORP.
Dated: August 26, 2003 By: /s/ Daniel P. Svilar
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DANIEL P. SVILAR
Secretary