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Universal Energy Corp. To Begin Oil Production From Amberjack Prospect This Month

Posted on: Thursday, 8 November 2007, 12:00 CST

HOUSTON, Nov. 8 /PRNewswire-FirstCall/ -- Universal Energy Corp. (BULLETIN BOARD: UVSE) is pleased to announce an update on the three recent successful drill programs at its Amberjack, Caviar #1, and Lake Campo prospects. "Completing these three wells and getting them into production is our top priority and it's occurring as we speak," stated Billy Raley CEO of Universal Energy Corp.

"Receiving revenue from the Amberjack well is exciting for the company and its stockholders; especially with oil continuing its climb to $100 per barrel," commented Dyron Watford, CFO of Universal Energy Corp. Watford continued "With each day that passes, the company is turning its drilling success in its last three drills into financial success for its stockholders."

Continuing its model of growth through the drill bit, Universal Energy Corp. is currently drilling two additional wells in southern Louisiana, East OMG and West Rosedale.

About the East OMG Prospect

The East OMG 3-D prospect is located in Cameron Parish, Louisiana. Wells adjacent to the prospect have produced outstanding returns such as Chalkley Miogyp field and S. Lake Arthur, which have cumulative production of 500 billion cubic feet equivalent ("BCFE") and 800 billion cubic feet, respectively. Production from the adjacent wells listed above is from the same Upper Miogyp sandstones that are the main objective of the East OMG Prospect. The combined reserve potential of the four principal objective sandstones that comprise the East OMG prospect is estimated to be greater than 59 BCFE.

About the W. Rosedale Prospect

The W. Rosedale 3-D prospect located in Iberville Parish, Louisiana. Numerous area fields, such as Happytown, Rosedale, Klondike, and Grosse Tete, have produced significant oil and gas from the Oligocene age objective sand section. Risk reduction for this prospect is from log and core shows in seven of the eight objective sands. The reserve potential for this prospect is 3.5 BCF and 910,000 BBLS.

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 http://www.universalenergycorp.info/ for more details.

Forward Looking Statements - The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created thereby. While the company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.

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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