Update
$US Energy (USEG.US)$ U.S. Energy (USEG) said Monday it closed the acquisition of operated acreage for helium production in the Kevin Dome structure in Toole County, Montana, from Wavetech Helium.Wavetech will assign roughly 83% of its interests to U.S. Energy for a consideration including $2 million cash, 2.6 million U.S. Energy restricted common shares and additional payments to cover costs attributable to Wavetech's 17.5% interest.U.S. Energy said it also executed a nonbinding letter of intent with Synergy Offshore to acquire offsetting operated acreage in the area. Synergy Offshore will assign 88% of its interests to U.S. Energy for $2 million cash and 4.8 million U.S. Energy's restricted common shares.The collective assets comprise control of nearly 164,000 net acres across the Kevin Dome, the company said.
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