Stock Guru Profile Universal Energy – Blog – News
UNIVERSAL ENERGY – Cash Flow AND Distribution of RISK
This is why ONE oil and gas stock, UVSE should be the ONE you own.
Risk prior to drilling is analyzed by the use of 3-D seismic surveys and other research techniques. This technology significantly increases UVSE’s opportunity for a higher-return exploration. This is a crucial part of risk management.
UVSE has three projects located in Plaquemines Parish:
- Amberjack
- Caviar 1
- Lake Campo
UVSE has announced that it has recently completed successful drilling operations at Amberjack and Caviar #1.
The Amberjack prospect: link here for details regarding UVSE’s Amberjack Prospect .
The Lake Caviar prospect: link here for details regarding UVSE’s Caviar Prospect
Plaquemines Parish, Louisiana, consists of a multitude of quality, mature, fields which are highly productive. The fields have produced vast quantities of oil and gas.
While there is never a sure thing in the oil and gas industry this is about as close as you can get.
UVSE’s risk is well distributed and I mean literally ‘well’ distributed.
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.
- Plaquemines Parish, Louisiana, is a targeted area of UVSE. You pronounce that: plak – ah – mines. It comes from an Indian word meaning: persimmon. This is where the Mississippi River meets the Gulf of Mexico.
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.
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