Universal Energy Corp. (UVSE.OB) Posts Strong Fiscal Results, Boosted by Positive Well Production
Universal Energy Corp. (OTCBB: UVSE) in an emerging energy company pursuing acquisition and development of crude oil and natural gas leases in the United States. The company recently posted its operational second quarter results for the fiscal year ended June 30, 2008. Universal Energy reported net income at $2.9 million for the first quarter of 2008, up from a loss of $2.03 million for the second quarter of 2007. On a six-month scale, the company posted $3.55 million for the period ended June 30, 2008, up from a loss of $2.7 million the same period the year prior. Revenue for…