StockGuru Blog: Universal Energy – Drilling Begins July 2 – Louisiana’s Most Productive Area
UVSE: Universal Energy Corp. - Commences Drilling in Prolific Plaquemines Parish July 2! Stock Guru Profile UVSE Universal Energy Corp. The spud date for the Amberjack Project is July 2, 2007. What is a spud date? That is the date that drilling commences at the surface. The drilling is located at a point which Universal believes is an excellent gas indicator and is consistent with the characteristics of other highly productive fields in the area. This Amberjack Project agreement allows Universal Energy to earn a 7.5% working interest before casing point and a 5.625% interest after casing point based on…