UVSE: Universal Energy Corp. – Right on the Money in Plaquemines Parish
Stock Guru Profile UVSE Universal Energy Corp.
Well site preparation has commenced on the Amberjack prospect located in Plaquemines Parish, Louisiana. In the oil and gas business, location is everything. Locating near other successful projects is crucial. That is precisley what UVSE has done by locating in Plaquemines Parish located in South Louisiana. Link here for details regarding UVSE’s Amberjack Prospect .
The UVSE site is located in inland waters of Plaquemines Parish, Louisiana and is surrounded by quality, mature, fields which define the prolific nature of the objective section. The fields surrounding the Amberjack Prospect have produced vast quantities of oil and gas.
These fields are
- East Point a la Hache
- Pointe a la Hache
- Delacroix Island Field
- E. Crooked Bayou Field
Log and test data clearly establish these sands as significant producers in each of these fields.
In terms of location, UVSE is right on the money! Plaquemines Parish in 2006 had more than 17,200 wells, more than any other parish in the state. Swift Energy Operating Inc., the largest producer of crude oil in Louisiana, has announced that it will spend almost half of its $350 million capital budget on one field in Plaquemines Parish.
The Technical Facts:
The Amberjack Project targets multiple Middle Miocene sands on a well defined structural closure. The combined potential reserves for this prospect are 10.1 BCFE. The fields surrounding the Amberjack Prospect have produced vast quantities of oil and gas from the objective sand section in numerous fault blocks. These fields are East Point a la Hache, 1.5 miles to the southeast, 13.9 BCFE; Pointe a la Hache, 3 miles to the southwest 175 BCF and 15 MMBO; Delacroix Island Field, 3.5 miles to the northwest, 230 BCF and 24 MMBO; and E. Crooked Bayou Field, 4 miles to the northeast, 8 BCFE.
“The excitement surrounding this prospect is well warranted,” commented Billy Raley, CEO of Universal Energy Corp. Raley continued, “Amberjack looks to be just the beginning of a magnificent summer drilling program.”
Two additional domestic drilling programs will be underway this summer at the Lake Campo and Caviar prospects, also in Louisiana.
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.
Disclosure: Pentony Enterprises LLC has been compensated $15,000 directly from the company for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
Disclosure: StockGuru.com is owned and operated by Pentony Enterprises LLC,9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (214) 458-4258. Web: StockGuru.com. Email: Publisher@stockguru.com.