UVSE: Universal Energy Corp. – Drilling in the Oil Sands of Canada: Huge Long Term Potential
Stock Guru Profile UVSE Universal Energy Corp.
What’s so great about drilling in the oil sands of Canada? When was the last time Canada was invaded, the government was overthrown, or the Canada dollar plunged precipitously? A significant advantage of the oil sands of Alberta is that Canada has a strong history as a stable democracy. Canadian crude reserves carry a safety premium, not only in terms of political stability, but with regard to the legal protection of property rights. Link here for UVSE Projects.
There continues to be an increased recognition that the oil sands represent a very large, economically attractive accumulation of oil in a politically stable country.
Fifty countries dominate the major international oil and natural gas producing areas of Latin America, Europe, Africa, Russia, Asia and the Middle East. Many of these countries are subject to political, social and economic risks which may cause volatility within any given country. Few permit outside investment in their oil and gas reserves either directly or indirectly.
But Canada does! Plus there is plenty of oil and gas left! That future production you see in the graph below will come from new wells! And UVSE intends to be a part of the increasing production from Canada’s vast oil sands!
In addition to CAPP, most other Canadian industry and government forecasts put oil sands output at about 2.7 million barrels per day by 2015.
The U.S. Energy Information Administration predicts Canadian oil sands production will add 3.5 million b/d by 2025. CERI projects that oil sands output will climb to 4 million b/d by 2020 and 6 million b/d by 2030. The number of wells drilled in 2008 is expected to be 25,300 with the 16,991 gas and 6,285 oil wells completed.
This is a smart, smart move by UVSE. Link Here for Canadian Oil Sands Project!
Universal Energy Corporation
30 Skyline Drive
Lake Mary, FL 32746
Phone: (800) 975-2076
Email: info@universalenergycorp.info
Website: http://www.universalenergycorp.info
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 and Southeastern Louisiana. 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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