CHIEF EXECUTIVE OFFICER’S STATEMENT Strive For Excellence Our corporate motto, “Strive for Excellence” is more than just words. At U.S. Energy Development Corporation it is a way of life. This is our third decade as a dynamic force in the exciting and profitable oil and gas industry. U.S. Energy has pioneered a unique and imaginative project development approach that focuses on opportunities throughout onshore North America but only invests in the projects that our collective experience and intuition tell us will be the most successful in the long run. The benefits of this approach are numerous as described below:
1) U.S. Energy’s team of professionals carefully reviews numerous projects annually, selecting only the cream of the crop for investment. 2) By investing in the best opportunities, U.S. Energy avoids focusing too narrowly on any particular area which may not be favorable over the long term. 3) Project and commodity diversity are critical for long term growth and can be easily accomplished. 4) New technologies that work are sought out and U.S. Energy attempts to exploit these universally in most projects. Our commitment to search for only the best oil and gas projects will produce superior results. We have the necessary expertise to operate properties in any of our project areas. U.S. Energy has continued its expansion into partnership formation, exploratory projects, acquisitions, leasing, and non-conventional energy sources. We look forward to the years ahead with tremendous optimism that the oil and gas industry will remain a favorable investment site for many decades to come. Come, share our vision. Sincerely, JOSEPH M. JAYSON C.E.O. – U.S. Energy Development Corporation
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