StockGuru Blog: Universal Energy (UVSE) – Looking for Happy New Year! A $73M Happy New Year!
December 26th, 2007 Stock Guru Profile Universal Energy - Blog - News East OMG is UVSE’s medium risk — high return well in Cameron Parish, Louisiana. East OMG drilling operations have reached a vertical depth of approximately 16,000 feet for a planned total vertical depth of 16,500 feet on December 23, 2007. Universal Energy Corp acquired its 17.5 percent working interest in the East OMG Prospect in August 2007. The financial impact of East OMG with potential reserves in excess of 59 Billion Cubic Feet Equivalent of gas valued at approximately $416,000,000 (or $7.05 a cubic foot) means or very…