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 5, 1995
U.S. ENERGY CORP.
(Exact Name of Registrant as Specified in its Charter)
Wyoming 0-6814 83-0205516
(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
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (307) 856-9271
Not Applicable
(Former Name, Former Address or Former Fiscal Year,
if Changed From Last Report)
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ITEM 5 - OTHER EVENTS
U.S. Energy Corp.'s (the "Registrant") majority-owned subsidiary
Four Nines Gold, Inc. ("FNG") was awarded a construction contract
on May 5, 1995 for $2,584,433.60 by the City of Lead, SD to stop a
landslide condition, which has placed up to 30 homes and the
adjacent Twin City Shopping Mall (the "Mall") in imminent danger
resulting in closure of the Mall for safety purposes. Since the
original award, a change order has been received increasing the
contract to approximately $3,000,000.00.
The overall slide mitigation effort includes the acquisition and
removal of seven residences above the Mall and construction of
major rock-filled trenches requiring the excavation of
approximately 210,000 cubic yards of material. There will be
approximately 2,200 feet of drainpipe installed at the bottom of
these rock-filled trenches. The trenches will be backfilled with
approximately 140,000 cubic yards of rock and covered with the
original excavated material. The project will also include
replacing utility systems and roads in the affected area.
Additionally, 15,603 square feet of retail sales area in the lower
level of the Mall and 11,924 square feet of crawl space will be be
filled with approximately 8,000 cubic yards of rock, which will
help mitigate the slide.
In addition to these rock-filled trenches, forty-nine 4-foot
diameter caissons will be place along the toe of the slide to
provide additional stability. This repair allows for the reopening
of certain stores in the most expedient manner.
The majority of the work is to be completed by December 1, 1995,
with final completion by July 1, 1996.
It is anticipated that additional work in and around Lead, SD will
be awarded to FNG as a result of this contract.
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.
May 26, 1995 By: s/ Max T. Evans
MAX T. EVANS, Secretary
