Universal Energy Corp. (UVSE.OB) is an independent energy company in the business of the acquisition, exploration and development of crude oil and natural gas leases. The Company primarily operates in Louisiana, Texas, and Alberta, Canada, which represent the majority of Universal Energy’s potential reserves. Two prospects have already been drilled in Louisiana and the drilling of three additional wells began in mid-October.
Universal Energy expects to achieve steady profitable growth of proven reserves and production by continually expanding its drilling program and optimizing production rates. The company’s primary objective is to increase shareholder value by establishing a well-capitalized growth platform which provides a solid base of assets and cash flow, while using a disciplined approach of investing by focusing on lower risk development drilling.
The Company uses advanced technology in its analytical stages and drilling stages. The use of these cutting-edge technologies allows for more accuracy and efficiency. Additionally, the Company actively pursues prospects to partner with other companies that have strong exploration, development and production expertise.
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