Universal Energy Corporation
(OTCBB: UVSE)
StockGuru Morning Alert: Universal Energy Corporation (OTCBB: UVSE)
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Universal Energy Corp. Signs Agreement for Ninth 3-D Drill Ready Prospect in Past Six Months
Drilling will begin on new prospect during October 2007
HOUSTON, Oct. 9 — Universal Energy Corp. (OTCBB: UVSE) is pleased to announce that it has entered into a participation agreement for another 3-D drill ready prospect in Iberville Parish, Louisiana. This prospect, know as W. Rosedale, is the ninth drill ready prospect the company has acquired in the past six months. Currently, the Company’s drill ready portfolio consists of the following prospects: Amberjack, Caviar (4 prospects), East OMG, Lake Campo, Lone Oak and W. Rosedale. The company has recently completed successful drilling operations at Amberjack and Caviar #1.
Read more here:
http://biz.yahoo.com/prnews/071009/cltu061.html
Universal Energy Corp. Anticipates Commencement of Drilling at East OMG in Less Than Two Weeks
HOUSTON, Oct. 3 — Universal Energy Corp. (OTCBB: UVSE) is pleased to announce that drilling at the East OMG prospect in Cameron Parish, Louisiana will begin within the next two weeks.
“Drilling operations have moved swiftly over the past few weeks,” commented Billy Raley CEO of Universal Energy Corp, when asked about Universal Energy Corp.’s drilling schedule. Raley continued, “We are completing the necessary steps to bring Amberjack and Caviar #1 to production while preparing for what is expected to be huge profits from East OMG.”
Read more here:
http://biz.yahoo.com/prnews/071003/clw060.html
Universal Energy Corp. Announces Continued Drilling Success
Wednesday September 26, 12:30 pm ET
HOUSTON, Sept. 26 — Universal Energy Corp. (OTCBB: UVSE) announced, today, that the Caviar #1 prospect in Plaquemines Parish, Louisiana has successfully lived up to its high tech analysis.
At its Caviar #1, the second prospect of six planned in the prolific Louisiana area, Universal Energy has completed installing the “casing” in preparation for production as a multi-zone gas well.
Billy Raley, CEO of Universal Energy Corp., stated, “The success of our first two drills from the summer/fall series has proven that the technology and research preparation prior to drilling certainly pays off. This continued success of our ongoing drilling program demonstrates the strength of our prospects and the growth potential of our company through the production from our ground assets. Given the current political climate with the Middle East, I think we all agree that domestic oil and gas sources like ours are becoming more critical to our nation’s future every day.”
Read more here:
http://biz.yahoo.com/prnews/070926/clw076.html
Universal Energy Corp.’s Success Continues with Drilling at Caviar #1
HOUSTON, Sept. 21 — Universal Energy Corp. (OTCBB: UVSE) is pleased to provide an update on drilling operations at Caviar #1. Drilling commenced at Caviar #1 on September 11, 2007 to target Middle Miocene (Cib-Carst, Tex-W) objectives between 9,000′ and 11,000′. The estimated drilling time for the well was three weeks. As of yesterday, drilling operations, which are ahead of schedule, reached a total vertical depth of 9,673 feet and a total measured depth of 9,717 feet. The total vertical depth of the well is planned to be 10,700 feet. It is estimated that drilling will be finished within the next 36 hours. Upon completion of drilling, a well log will be completed and analyzed to determine estimated commercial quantities of oil and gas at Caviar #1.
“We are delighted with the data we have seen from drilling at Caviar #1,” commented Billy Raley CEO of Universal Energy Corp. Raley continued, “Without question, the data points have proven out the quality of our prospect portfolio.”
Read more here:
http://biz.yahoo.com/prnews/070921/clf030.html
Universal Energy Corp. Expands Drill Ready Portfolio with Acquisition of High Impact Prospect in Galveston Bay, Texas
HOUSTON, Sept. 18 — Universal Energy Corp. (OTCBB: UVSE), continuing their model of growth through the drill bit, announced, today, that the Company has entered into a participation agreement for a major oil and gas prospect in Texas.
The prospect, known as Lone Oak, is a 3-D drill ready prospect with enormous potential. With this agreement, the company has acquired a 12.5 percent interest before casing point of this prospect with total potential reserves exceeding 136 billion cubic feet equivalent (”BCFE”).
“Our land portfolio continues its evolution into more and more significant prospects,” stated Billy Raley, CEO of Universal Energy Corp. “With Universal’s recent success at Amberjack and the ongoing drilling of Caviar, the next few months will be exhilarating as East OMG, Lone Oak and the Lake Campo prospects are drilled. Management is proud to deliver this type of prospect to our stockholders.”
Read more here:
http://biz.yahoo.com/prnews/070918/cltu076.html
CONTACT:
Universal Energy Corp.
Billy Raley, CEO, (800) 975-2076
braley@universalenergycorp.info
Email: Dyron M. Watford, CFO – dwatford@universalenergycorp.info
Website: www.universalenergycorp.info
30 Skyline Drive
Lake Mary, FL 32746
Phone: (800) 975-2076
Fax: (800) 805-4561
About Universal Energy Corp. Universal Energy Corp. is an energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Alberta, Canada, Louisiana and Texas. Visit www.universalenergycorp.info for more details.
Safe Harbor Statement: All statements, other than statements of historical fact, included in this press release are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. The forward-looking statements, including statements about the company’s future expectations, including future revenues and earnings, and all other forward-looking statements ( i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company’s control, and may yield results differing materially from those anticipated. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration opportunities being fewer than currently anticipated. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings.
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