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Universal Energy Corp. Strikes Gas Deposit on Its First Well at the Amberjack Prospect

Posted on: Thursday, 6 September 2007, 15:07 CDT

HOUSTON, Sept. 6 /PRNewswire-FirstCall/ -- Universal Energy Corp. (BULLETIN BOARD: UVSE - News) is pleased to notify investors that drilling at the Amberjack prospect has reached its planned total vertical depth of 10,600 as of this morning. "This marks an important day for Universal. We are pleased that drilling has now been completed," commented Billy Raley, Universal Energy Corp. CEO.

The objectives of the well as defined by 3-D seismic are gas zones with total potential reserves of 10.3 billion cubic feet equivalent of gas. These objectives are located between 10,200 and 10,600 feet. During the drilling process, as expected, gas was encountered at the depths defined by 3-D seismic.

Currently, the well is being tested using electronic measures to fully determine what amount of pay will be realized from the well. "Proving up our reserves is an important and vital step to the success of Universal," commented Billy Raley. Raley concluded, "Our results from the drilling are sooner and better than anticipated."

Commenting on the drilling results Dyron Watford, CFO of Universal Energy Corp. stated, "Our ability to drive revenue from this prospect beginning this year is exciting."

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 and throughout Louisiana. Visit http://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.

CONTACT: Universal Energy Corp. Billy Raley, CEO, (800) 975-2076 braley@universalenergycorp.info

Universal Energy Corp.

CONTACT: Billy Raley, CEO of Universal Energy Corp., 1-800-975-2076,braley@universalenergycorp.info

Web site: http://www.universalenergycorp.info/

Source: PRNewswire-FirstCall

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