Stock Guru Profile Universal Energy – Blog – News
UNIVERSAL ENERGY CORP. Never has there been a better time to purchase an oil and gas company.
Today NYMEX Oil Futures hit an all time inflation adjust high.
We covered the East OMG Project earlier. Let’s look at the Lake Campo Project.
At the Lake Campo Prospect the intermediate casing is installed and BOP (blowout preventer) testing is underway.
This is a low risk prospect.
The abundant well control provides the positive sand story and it combined with the 3-D seismic clearly defines the structural picture and the location of the critical trapping fault.
The Lake Campo Field Prospect is an amplitude supported, 3-D development project located 23 miles Southeast of New Orleans, Louisiana in the shallow inland waters of Plaquemines Parish.
This 10,100’ normal pressured Middle Miocene (Tex-W) age test involves further development of Lake Campo Field which has, to date, produced 25 BCFE.
The 3-D seismic indicates the top of this productive structure has not been tested in ten sands between 8400’ and 9800’.
The Lake Campo Field prospect is an opportunity to use recent 3-D seismic technology to further develop a water drive gas field developed in the early 1960’s that has, to date, produced 25 BCFE.
UVSE is two for two and last week they started an additional three wells.
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, Reuters, Wall Street Journal, Bloomberg
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.
Disclosure: Pentony Enterprises LLC has been compensated $215,000 by 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. Pentony Enterprises has acquired 15,000 shares in the open market and will hold these shares for at least 30 days from the date of acquisition.
StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (469) 252-3030. Web: StockGuru.com. Email: Publisher@stockguru.com .