Universal Energy Corp. Announces Reprocessing of 3D Seismic Data at Lone Oak Prospect
18 9월 2008 - 12:45AM
PR Newswire (US)
HOUSTON, Sept. 17 /PRNewswire-FirstCall/ -- Universal Energy Corp.
(OTC Bulletin Board: UVSE), a growth oriented U.S. oil and gas
exploration and production company, announced today that a world
renowned processing and development services provider has been
selected to reprocess the proprietary seismic data at the Company's
Lone Oak prospect. The processing techniques will take four to six
weeks to complete and will provide the necessary data to further
develop the Lone Oak prospect. "We want to utilize all of the
information available to us in order to maximize the probability of
drilling an excellent well later this year" commented Billy Raley,
Chief Executive Officer of Universal Energy Corp. Raley continued,
"We will use this data along with the Wallis and Odyssey offsetting
wells to fully explore Lone Oak's potential opportunities."
Universal Energy Corp. is a publicly traded (OTC:UVSE) (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
DATASOURCE: Universal Energy Corp. CONTACT: Billy Raley, CEO of
Universal Energy Corp., 1-800-975-2076, Web site:
http://www.universalenergycorp.info/
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