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Universal: Universal Energy
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Universal Energy will update its stockholders each month on its production numbers for each of its prospects. "With production scheduled to begin from Lake Campo in the next few days, 2008 is shaping up to be a fantastic year for Universal Energy and its stockholders," commented Dyron Watford, CFO of Universal Energy Corp.
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HOUSTON, Nov. 26 /PRNewswire-FirstCall/ -- Universal Energy Corp. (OTCBulletinBoard: UVSE) is pleased to announce that drilling operations are now complete at the company's Caviar #4 Prospect. The well logs for Caviar #4 displayed pay zones in excess of sixty feet of gas pay. Production from this prospect will begin in the first quarter of 2008.
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Universal Energy Corp. (OTC Bulletin Board: UVSE - News), an emerging domestic oil and gas exploration and production company, is pleased to announce that the company now projects profitability in the first quarter of 2008. "Our success at the wellbore is turning into real dollars for the company," commented Billy Raley, CEO of Universal Energy Corp. Raley continued, "With the production life of our already successful wells ranging from eight to twelve years, the visibility of our future revenue could not be clearer."
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