U.S. Energy Corp. acquired Select Upstream Assets of FieldPoint Petroleum Corporation for $0.5 million.
U.S. Energy Corp. (NasdaqCM:USEG) completed the acquisition of Select Upstream Assets of FieldPoint Petroleum Corporation (OTCPK:FPPP) on September 29, 2020. The consideration is subject to adjustment and includes a deposit of $0.03 million. The agreement may be terminated by the mutual written consent of U.S. Energy and FieldPoint. Either party can terminate the agreement in case of a breach conducted by the other.