StockGuru News: Universal Energy (UVSE) Enters Into Main Objective Sandstones at Its East OMG Prospect
HOUSTON, Dec. 10 /PRNewswire-FirstCall/ — Universal Energy Corp., an emerging domestic oil and gas exploration and production company, is pleased to provide the following update on its East OMG prospect. Drilling operations have reached a vertical depth of 14,564 feet. Universal Energy anticipates that drilling operations will continue for seven more days to reach a total vertical depth of 16,500 feet. The four objectives in the East OMG prospect are as follows: Upper Miogyp Sandstones and Camerina Sandstones (main); MH-1 & MH-2 (secondary). “We are pleased to announce that analysis of the well logs indicates pay in our secondary targets,”…