StockGuru News: Universal Energy Corp. Announces Expected Spud Date on the Amberjack Prospect
Universal Energy Corp. Announces Expected Spud Date on the Amberjack Prospect Universal Energy Corporation (OTCBB: UVSE) HOUSTON, June 25 /PRNewswire-FirstCall/ — Universal Energy Corp. (OTC Bulletin Board: UVSE.OB - News) is pleased to announce that the operator of our Amberjack prospect has informed us that the expected spud date for the prospect is July 2, 2007. The main objectives of the approximately 840-acre Amberjack prospect are the Lower Big-H, Big H and UL-4 sands that have proven undeveloped reserves of 10.1 BCFE. The greatest strength of the Amberjack prospect lies in the geophysical interpretation which demonstrates a 90 acre UL-5…