<SEC-DOCUMENT>0001615774-16-004729.txt : 20160330
<SEC-HEADER>0001615774-16-004729.hdr.sgml : 20160330
<ACCEPTANCE-DATETIME>20160330170035
ACCESSION NUMBER:		0001615774-16-004729
CONFORMED SUBMISSION TYPE:	NT 10-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20151231
FILED AS OF DATE:		20160330
DATE AS OF CHANGE:		20160330
EFFECTIVENESS DATE:		20160330

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			US ENERGY CORP
		CENTRAL INDEX KEY:			0000101594
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				830205516
		STATE OF INCORPORATION:			WY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-06814
		FILM NUMBER:		161540476

	BUSINESS ADDRESS:	
		STREET 1:		877 NORTH 8TH WEST
		STREET 2:		GLEN L LARSEN BLDG
		CITY:			RIVERTON
		STATE:			WY
		ZIP:			82501
		BUSINESS PHONE:		3078569271

	MAIL ADDRESS:	
		STREET 1:		877 NORTH 8TH WEST
		CITY:			RIVERTON
		STATE:			WY
		ZIP:			82501

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WESTERN STATES MINING INC
		DATE OF NAME CHANGE:	19851229
</SEC-HEADER>
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<TYPE>NT 10-K
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<FILENAME>s102910_nt10k.htm
<DESCRIPTION>NT 10K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>UNITED STATES </B><BR>
<B>SECURITIES AND EXCHANGE COMMISSION</B><BR>
<B>Washington, D.C. 20549 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><B>FORM 12b-25</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font-size: 10pt; width: 40%">
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    <TD STYLE="padding: 0.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">SEC FILE NUMBER</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>000-6814</b></P></td></tr>
</table><BR STYLE="clear: both">
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0; text-indent: 0.5in"><B>NOTIFICATION
OF LATE FILING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>(Check One): </I>&#9746;<I> </I> Form 10-K &#9744;
Form 20-F &#9744; Form 11-K  &#9744; Form 10-Q &#9744; Form
N-SAR &#9744; Form N-CSR</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.5pt; text-indent: -20pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
Period Ended: <U>December 31, 2015</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.5pt; text-indent: -20pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;
Transition Report on Form 10-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.5pt; text-indent: -20pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;
Transition Report on Form 20-F</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.5pt; text-indent: -20pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744; Transition Report on Form 11-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.5pt; text-indent: -20pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;
Transition Report on Form 10-Q</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.5pt; text-indent: -20pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;
Transition Report on Form N-SAR</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 67.5pt; text-indent: -20pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the Transition Period Ended: ___________________</P>

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    <td style="width: 100%; padding: 0.75pt; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</td></tr>
<tr>
    <td style="font: 10pt Times New Roman, Times, Serif; padding: 0.75pt; text-align: center"><font style="font-size: 10pt"><b>Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.</b></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 6pt">______________________________________________________________________________</P>

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<tr>
    <td style="padding: 3pt; font: 10pt Times New Roman, Times, Serif"><b>PART I -- REGISTRANT INFORMATION</b></td></tr>
<tr>
    <TD STYLE="padding: 3pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><u>U.S. Energy Corp. &#9;</u></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">Full Name of Registrant</P></td></tr>
<tr>
    <TD STYLE="padding: 3pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><u>&#9;</u></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">Former Name if Applicable</P></td></tr>
<tr>
    <TD STYLE="padding: 3pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><u>4643 S. Ulster Street, Suite 970&#9;</u></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">Address of Principal Executive Office <i>(Street and Number)</i></P></td></tr>
<tr>
    <TD STYLE="padding: 3pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><u>Denver, Colorado 80237&#9;</u></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">City, State and Zip Code</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0"><B>PART II -- RULES 12b-25(b) AND (c)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify">If the subject report could not be filed
without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed.
(Check box if appropriate)</P>

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<tr>
    <td style="width: 2%; padding: 0.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&#9746;</P></td>
    <td style="vertical-align: top; width: 98%; border-left: Black 1pt solid; padding: 0.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 80pt; text-indent: -60pt">(a) &nbsp;&nbsp;&nbsp;The reasons described in
        reasonable detail in Part III of this form could not be eliminated without</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 80pt; text-indent: -40.55pt">unreasonable effort or expense;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 80pt; text-indent: -40.55pt"><br>
        </P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 80pt; text-indent: -60pt">(b) &nbsp;&nbsp;&nbsp;The subject annual report,
        semi-annual report, transition report on Form 10-K, Form 20-F,11-K, Form N-SAR</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 80pt; text-indent: -40.55pt">or Form N-CSR, or portion
        thereof, will be filed         on or before the fifteenth calendar day following the prescribed</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 80pt; text-indent: -40.55pt">due date; or the subject
        quarterly report or transition report         on Form 10-Q, or portion thereof will be filed on or</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 80pt; text-indent: -40.55pt">before the fifth calendar
        day following the prescribed due date; and</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 80pt; text-indent: -40.55pt"><br>         </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 5; margin-bottom: 6pt; margin-left: 20pt; text-indent: 0pt; text-align: justify">(c)
&nbsp;&nbsp;&nbsp;The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.</P>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">&nbsp;<B>PART III -- NARRATIVE </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">State below in reasonable
detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or the transition report portion thereof, could not be filed
within the prescribed time period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Registrant is unable to file its Annual
Report on Form 10-K for the fiscal year ended December 31, 2015, within the prescribed time period because the Registrant has not
been able to obtain and assimilate all information required to complete its accounting and audit for the year. Accordingly, the
Registrant has not been able to complete its financial statements and other required disclosures to its Form 10-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0"><B>PART IV-- OTHER INFORMATION</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>Name and telephone number of person to contact in regard to this notification</TD></TR>                                                                                                                                                      <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<table cellspacing="0" cellpadding="0" style="font-size: 10pt; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 34%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">David A. Veltri</td>
    <td style="width: 33%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">303</td>
    <td style="width: 33%; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">993-3200</td></tr>
<tr style="vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Name)</td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Area Code)</td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Telephone Number)</td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0in; margin-right: 0; margin-left: 0">(2)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30
of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required
to file such report(s) been filed? If answer is no, identify report(s).</I>&#9746;  Yes
&#9744; No</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">______________________________________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">(3) &#9;Is it
anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will
be reflected by the earnings statements to be included in the subject report or portion thereof? </I>&#9746; Yes&#9744; No</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Registrant expects to report revenues for
the year ended December 31, 2015 of approximately $10 million as compared to $32 million for the year ended December 31, 2014.
The Registrant expects to report a net loss for the year ended December 31, 2015 of approximately $93 million as compared to a
net loss of $2 million for the year ended December 31, 2014. The primary reasons for the significant changes in revenue and net
loss relates to (i) a greater than 50% reduction in the Company&rsquo;s realized price for oil which resulted in lower revenues
and impairment charges for the Company&rsquo;s oil and gas properties of approximately $58 million, and (ii) an impairment charge
of approximately $23 million related to the Company&rsquo;s discontinued mining segment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The foregoing statements are based on
the Company&rsquo;s current expectations as of the date of this filing and involve a number or risks and uncertainties, which
may cause actual results to differ. The risks include, but are not limited to, unexpected changes arising during the annual
audit procedures. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>






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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 6pt; margin-bottom: 6pt"><U>U.S. Energy Corp.</U><BR>
(Name of Registrant as Specified in Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0; margin-top: 6pt; margin-bottom: 6pt">has
caused this notification to be signed on its behalf by the undersigned hereunto duly
authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0; margin-top: 6pt; margin-bottom: 6pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
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     <TD STYLE="width: 6%; font: 10pt Times New Roman, Times, Serif">Date:&nbsp;&nbsp;</TD>
     <TD STYLE="width: 30%; border-bottom: #000000 1px solid; font: 10pt Times New Roman, Times, Serif">March 30, 2016</TD>
     <TD STYLE="width: 6%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD STYLE="width: 6%; font: 10pt Times New Roman, Times, Serif">By:</TD>
     <TD STYLE="width: 52%; border-bottom: #000000 1px solid; font: 10pt Times New Roman, Times, Serif">/s/ David A. Veltri</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
     <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD STYLE="font: 10pt Times New Roman, Times, Serif">David A. Veltri</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
     <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
     <TD STYLE="font: 10pt Times New Roman, Times, Serif">Chief Executive Officer and Director&#9;</TD></TR>
</TABLE>

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