Universal Energy Corp. Begins Installation of Intermediate Casing at Its Lone Oak Prospect in Galveston Bay, Texas
Posted on: Tuesday, 1 July 2008, 12:00 CDT
HOUSTON, July 1 /PRNewswire-FirstCall/ -- Universal Energy Corp. (OTC Bulletin Board: UVSE), announced today that drilling at its Lone Oak Prospect in Galveston Bay, Texas has reached a measured depth of 11,586 feet. Logging of the hole was completed yesterday and installation of 7 5/8 inch intermediate casing will now be installed to a depth of 11,470 feet. It is estimated that drilling operations at Lone Oak will be completed by July 12, 2008.
Billy Raley, Chief Executive Officer of Universal Energy Corp. stated "We are very excited with the progress at Lone Oak so far. It is important for oil and gas exploration and production companies throughout the United States to continue exploration within our borders." Raley continued, "Building reserves for U.S. consumers, and U.S. stockholders, should be the rallying cry for every E&P company operating within the United States."
Universal Energy Corp. is a publicly traded (BULLETIN BOARD: UVSE) 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
Related Articles
- Tortoise Energy Capital Corp. Provides Net Asset Value Update; Announces Compliance With Its Coverage Covenants for Senior Notes -- Will Host an Industry Update Call on Tuesday, October 14
- Research and Markets: NorthWestern Energy Corporation Detailed Analysis and Forecasts of Oil & Gas Exploration and Production Assets
- Research and Markets: Mack Energy Co. Detailed Analysis and Forecasts of Oil & Gas Exploration and Production Assets
- Welwind Energy International Corp Announces Negotiations of Joint Venture Partnership With Turbine Manufacturing Company and the Signing of Turbine Supply Agreement
- ICE Futures Sets New Gas Oil Futures Record
- Tremisis Energy Acquisition Corp. Announces Year End 2005 Financial Results for Ram Energy, Inc.
- Westinghouse Lauds Progress Energy for Proactive, Forward-Looking Approach to Nuclear Fleet Expansion
- Tremisis Energy Acquisition Corp. Announces Third Quarter 2005 Financial and Operating Results and Updated Reserve Report for RAM Energy, Inc.
- Our View: West's Energy Promise Demands Forward Look
- Japan Shipping Gas Oil to China
 |
 |
User Comments (0)
RSS Feeds