June 26, 2008
Universal Energy Corp. Nears Completion of Pipeline Construction at Its Caviar #1 and Caviar #4 Prospects
HOUSTON, June 26 /PRNewswire-FirstCall/ -- Universal Energy Corp. (OTC Bulletin Board: UVSE) announced today that pipeline construction at its Caviar prospect will be finished this week. This pipeline will tie in production from the Caviar #1 and Caviar #4 wells that were successfully drilled in September 2007 and November 2007, respectively.
Billy Raley, Chief Executive Officer of Universal Energy Corp. commented "This four mile tie in has taken some time, but we feel that the efficient commercial production of Caviar #1 and Caviar #4 will be well worth the wait. With flow tests for both Caviar #1 and Caviar #4 exceeding four million cubic feet of gas per day, the financial impact of completing this pipeline is significant to both Universal Energy Corp. and its stockholders."
Universal Energy Corp. is a publicly traded (OTCBB: UVSE - News) 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 [email protected]
Universal Energy Corp.
CONTACT: Billy Raley, CEO of Universal Energy Corp., +1-800-975-2076,[email protected]
Web site: http://www.universalenergycorp.info/