Universal Energy Corp. (UVSE.OB) announced that drilling operations have officially commenced on the company’s Lake Campo, W. Rosedale and East OMG prospects. Each of these three independent drilling operations have been progressing satisfactorily and on schedule. In fact, the company has recently completed production casing at its last two prospects: Amberjack and Caviar #1.
CEO of UVSE.OB, Dyron Watford, stated “The financial impact of this week is staggering. With oil prices continuing the climb toward $100 per barrel, the prospects that Universal are drilling become better investments with each passing day.”
“The hard work of developing a risk diversified portfolio of prospects is really beginning to pay off,” commented Billy Raley, Universal Energy Corp. CEO. Raley continued, “The drilling operations that commenced this week will create a positive impact on Universal for years to come.”
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