• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Universal Energy Corp. Announces That Pipeline Construction to Tie-in Caviar #1 and Caviar #4 is Now Underway

Posted on: Friday, 2 May 2008, 09:00 CDT

HOUSTON, May 2 /PRNewswire-FirstCall/ -- Universal Energy Corp. (OTC Bulletin Board: UVSE) today announced that all owners have agreed on a final plan for the pipeline construction and barge installation at the Caviar series of wells in Plaquemines Parish, Louisiana. Work on the pipeline construction has now begun and is expected to be completed within 5 to 6 weeks.

Billy Raley, CEO of Universal Energy Corp. commented, "The additional time it has taken to develop this plan was necessary as the tie-in of up to four productive wells is complex. We are pleased with the finalization of the plan and the commencement of work on the pipeline this week." Raley added, "We believe this will allow the efficient production of the Caviar prospect for years to come."

Universal Energy Corp. is an energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States. 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 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

More News in this Category