Stock Guru Profile Universal Energy – Blog – News
Moving Quickly to Cash Flow POSITIVE and the BIG PAY OFF IN CANADA!
UNIVERSAL ENERGY CORP – The News Is Simple:
The price of oil is on an upward trajectory:
UVSE is drilling three more wells this week:
New York’s main futures contract, light sweet crude for delivery in November hit a record high this week.
But the REAL sleeper here is yet to come: Pembina Niksu in Canada.
What you are witnessing is expert business management with a big end game pay off.
When Stock Guru was first approached about UVSE on January 11, 2007, the BIG NEWS was Pembina Niksu.
What has unfolded since that time is a step by step approach to risk management and judicious participations in successful wells to support the BIG PAYOFF: Pembina Niksu.
In reading the numbers below examine the “Estimated Oil and Gas Reserves” delineated with the abbreviations BCFE and MMBOE.
Look at the numbers Pembina Niksu.
First: UVSE has a 95% Interest.
Second: You will see the BCFE is 136 and it has 30 Million Barrels of Oil Equivalent.
(BCFE means Billion Cubic Feet Equivalent and MMBOE means Millions of Barrels of Oil Equivalent)
Compare that to the other wells.
What UVSE is doing is preparing a rock solid cash flow foundation for its big play at the Niksu Reef in Canada.
- Nisku Reef Prospect – Alberta, Canada 95% interest with 136 BCFE and 30 MMBOE
- Amberjack Prospect – Plaquemines Parish 5.625% interest with 10.7 BCFE
- Caviar Prospect – Plaquemines Parish – 7.5% interest with 4.7 MMBOE
- East OMG Prospect – Cameron Parish – 13.125% interest with 59 BCFE
- Lake Campo Prospect – Plaquemines Parish – 9.375% interest with 10 BCFE
- Lone Oak Prospect – Chambers and Galveston Counties, Texas – 12.5% interest with 139 BCFEW.
- Rosedale Prospect – Iberville Parish – 3.5 BCFE and 0.9 MMBOE
The best may be yet to come!
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
Source: Universal Energy, Reuters, Wall Street Journal, Bloomberg
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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