StockGuru Trade Alert: Universal Energy (UVSE) Up as Much as 20% – Announces Caviar #1 Prospect Ready for Production
UVSE: These guys never cease to amaze me. They make the oil and gas exploration business look so easy I want to go into it. It just cannot be this easy.
UVSE was just a glimmer of an idea a year ago and now they are drilling one hit after another. They are definitely four for four and they are risk adverse.
How do they do it? Risk management is their guiding principle … and testing, lots of testing.
Today they announced they are moving on the remainder of their Caviar projects in Louisiana. Caviar 1 is drilled and awaiting a gas line. They have participation agreements on three more wells in the Caviar prospect.
Caviar 1 will generate revenue this quarter and they are looking to bring in more wells in this prospect area.
A quick check of Henry Hub NYMEX prices today for natural gas indicates these prices are holding steady in the $7.80 range which is above the price factored in by UVSE for 2008 projected income. That just shows you how conservative these guys really are.
I think this is exactly what you want in an oil and gas business – conservative estimates, lots of testing before drilling, diversification of risk and strong risk avoidance. I’ve been watching UVSE for almost a year now and I have seen no deviation to this plan. Looks like the right recipe for the oil and gas exploration business to me.
Universal Energy Corp. Prepares for Production at its Caviar #1 Prospect
HOUSTON, Jan. 3 /PRNewswire-FirstCall/ — Universal Energy Corp., an emerging domestic oil and gas exploration and production company, is pleased to announce that completion procedures have now been finished at its Caviar #1 Prospect. “We continue our progress into the new year,” commented Billy Raley, CEO of Universal Energy Corp. Raley continued, “Having the Caviar #1 well ready for production and beginning completion procedures at Caviar #4 tomorrow puts us in an excellent position for 2008.”
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.
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 forwar d-looking information contained herein.
CONTACT:
Universal Energy Corp.
Billy Raley, CEO, (800) 975-2076
braley@universalenergycorp.info
Source: Universal Energy Corp.
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