StockGuru Blog: Universal Energy (UVSE) – UVSE is Beginning its Drilling of a Medium Risk Prospect with Extremely Better Return
Stock Guru Profile Universal Energy - Blog - News UNIVERSAL ENERGY CORP. UVSE is beginning its drilling of a medium risk prospect with extremely high return. This is the East OMG Prospect in Cameron Parish, Louisiana. UVSE hopes to bring in this well before year’s end. Wells adjacent to the prospect have produced outstanding returns such as Chalkley Miogyp field and S. Lake Arthur, which have cumulative production of 500 billion cubic feet equivalent(”BCFE”) and 800 billion cubic feet, respectively. The combined reserve potential of the four principal objective sandstones that comprise the East OMG prospect is estimated to be…