StockGuru Profile Universal Energy – Blog – News
Okay, the way UVSE moved up today on the news of drilling the next Caviar prospect in Louisiana makes me even move excited about the news at East OMG.
We know Caviar 1 was successful.
We know they have three more Caviar prospects and we know Plaquemines Parish in Louisiana is very fertile territory for natural gas and the Henry Hub NYMEX futures prices are holding steady, well above the price used by UVSE for calculating 2008 revenue.
We also know that an incredibly rapid drilling program has the potential for incredibly rapid revenue and there is no question but that UVSE is moving at an incredibly rapid drilling pace.
This is exactly how a small oil and gas exploration company becomes a big oil and gas exploration company.
UVSE has already stated that Caviar 3, 4, and 5 are scheduled to be completed and generate revenue the first quarter of 2008. Today’s announcement centered on Caviar 4. Caviar 1 was drilled and just awaiting the connection to the gas line.
So, what we can expect is the absolute continuation of this incredible march we have seen from UVSE with four for four.
Of the four UVSE drilled wells == all come in on time and according to plan.
Small moves in the price of gas make vast revenue differences here and virtually no one is expecting the price to decline from the very conservative amount estimated by UVSE.
Listen to the UVSE CEO AND CFO:
Billy Raley spoke with StockGuru and explained the overall business model and plan of UVSE:
Dyron Watford spoke with StockGuru 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
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 .