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): May 12, 2003 (May 2, 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
The Company announced that on May 2, 2003, it received the Report of the
Special Master, Raymond L. Friedlob, on the accounting of profits made by Nukem,
Inc. on 4 CIS uranium contracts. The Report was filed with the Court "under
seal" and the Company is prohibited by law, from disclosure of the particulars
of the accounting report to anyone, except executive officers and legal counsel.
At such time the Court permits release of the report, the particulars will be
reported in further press release and a Form 8-K.
A hearing is currently scheduled for May 16, 2003 before the U.S. District
Court of Colorado in Denver, Colorado at 8:30 a.m. but may be continued
depending on certain matters.
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: May 12, 2003 By: /s/ Daniel P. Svilar
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DANIEL P. SVILAR, Secretary