Stock Guru Profile Universal Energy – Blog – News
Stock Guru has been filling you in on UVSE at ever important milestones and today’s was a HUGE ONE!
This stock is moving UP!
EAST OMG as in Oh, My Gosh. This is their crown jewel (until Alberta)! Their medium risk high return well will be at total depth next week. This could be your very early Christmas present. This means … no more waiting, no more anticipation. We will know very soon whether all the testing will pay off! They are at a depth of 14.5 thousand feet of an estimated 16.5 total depth.
The ABCD’s of UVSE are simple. Their stock is moving and this is why:
A. They drilled four wells – and they hit.
B. They hit because they invested in 3D seismic technology and advanced geophysical reprocessing to enhance existing seismic data and reduce exploration risk.
These tools help in assessing and modeling reservoir fractures, which is key to analyzing reservoir characteristics. UVSE also applies state-of- the-art drilling and completion practices to improve exploration results and keep drilling and completion costs modest.
C. They chose low risk and low return wells first and are four for four. This establishes a steady cash flow stream.
D. Now they are close to bringing in East OMG, a medium risk well with high return!
Potential revenue for East OMG is staggering:
- 2008 – – $6,935,000.00
- 2009 – – $6,016,000.00
- 2010 – – $5,142,,000.00
- 2011 – – $5,542,000.00
East OMG:
Drilling operations have reached a vertical depth of 14,564 feet. It is expectd drilling operations will continue for seven more days to reach a total vertical depth of 16,500 feet.
The main objective sandstones, Camerina and Miogyp, which comprise the East OMG prospect, have potential reserves in excess of 59 Billion Cubic Feet Equivalent of gas valued at approximately $416,000,000. Universal Energy Corp. holds a 17.5 percent working interest in this prospect.
Drilling has reached the Camerina sandstone and the Miogyp is expected to be reached next week.
Upper Miogyp Sandstones and Camerina Sandstones (main); MH-1 & MH-2 (secondary) analysis of the well logs indicates pay in these secondary targets.
The total potential cash flow potential here as we know it:
Amberjack Prospect – Plaquemines Parish, Louisiana
The prospect was drilled successfully in September 2007 and has begun generating revenues from sales of its production .
Caviar Prospect – Plaquemines Parish, Louisiana
Potential reserves for the entire project are estimated at 4.7 MMBOE. Production and revenues from the Caviar prospect are expected to begin by year-end 2007.
Lake Campo Prospect – Plaquemines Parish, Louisiana
Potential reserves for this project are estimated at 10 BCFE. Drilling of the Lake Campo prospect began on October 18, 2007 with initial production and revenues anticipated in early 2008.
W. Rosedale Prospect
Drilling of this prospect began October 18, 2007. Initial production and revenues are anticipated in early 2008.
Summary of operating properties
Working interest after casing point and Estimated oil and gas reserves
Nisku Reef Prospect Alberta, Canada – 95% 136 BCFE and 30 MMBOE
Amberjack Prospect Plaquemines Parish, Louisiana – 5.625% 10.3 BCFE
Caviar Prospect Plaquemines Parish, Louisiana – 7.5% 4.7 MMBOE
East OMG Prospect Cameron Parish, Louisiana – 13.125% 59 BCFE
Lake Campo Prospect – Plaquemines Parish, Louisiana 9.375% 10 BCFE
Lone Oak Prospect – Chambers and Galveston Counties, Texas 12.5% 139 BCFE
W. Rosedale Prospect Iberville Parish, Louisiana N/a 3.5 BCFE and 0.9 MMBOE
Source: SEC Filings
East OMG will take longer to drill since its a 16,500 foot well. East OMG has the most extensive testing performed though the risk is still considered medium the return is considered high.
Listen to the UVSE CEO AND CFO:
Billy Raley spoke with Stock Guru and explained the overall business model and plan of UVSE:
Dyron Watford spoke with Stock Guru and explained each prospect and what it means in terms of cash flow.
The best may be yet to come!
CONTACT: Universal Energy Corp.Billy Raley, CEO, (800) 975-2076
braley@universalenergycorp.info
Email: Dyron M. Watford, CFO – dwatford@universalenergycorp.info
Website: www.universalenergycorp.info
30 Skyline Drive
Lake Mary, FL 32746
Phone: (800) 975-2076
Fax: (800) 805-4561
Source: Universal Energy
About Universal Energy Corp. Universal Energy Corp. is an energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. 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 Alberta, Canada, Louisiana and Texas. Visit www.universalenergycorp.info for more details.Safe Harbor Statement: All statements, other than statements of historical fact, included in this press release are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. The forward-looking statements, including statements about the company’s future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company’s control, and may yield results differing materially from those anticipated. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration opportunities being fewer than currently anticipated. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings.
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