StockGuru News: Universal Energy Corp.’s Lake Campo Prospect Showing Signs of Another Drilling Success
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HOUSTON, Oct. 26 / — Universal Energy Corp. is pleased to give the following update on its Lake Campo, W. Rosedale and East OMG prospects. Currently, drilling is progressing at the following depths (planned depths of wells in parenthesis):
– Lake Campo – 9,100 feet (10,540)
– W. Rosedale – 7,000 feet (10,040)
– East OMG – 3,600 feet (16,500)
Progress is continuing at Universal Energy’s East OMG prospect as casing is currently being installed to a planned depth of 3,600 feet. Additionally, the company currently anticipates completing drilling at its W. Rosedale prospect ahead of schedule.
The most exciting news comes from the analysis of daily reports from the Lake Campo prospect. This analysis provides an excellent indication as to the overall success of the prospect. During drilling, gas has been encountered in multiple zones previously identified by the 3-D seismic report of the prospect. These encounters are excellent indicators as to the success of the prospect.
“Exactly as we expected,” commented Billy Raley, Universal Energy Corp. CEO when asked about the preliminary results of the Lake Campo prospect. Raley continued “Encountering hydrocarbons where you anticipate them is always a good sign.”
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 throughout Louisiana. Visit www.universalenergycorp.info for more details.
Forward Looking Statements — The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a “forward-looking statement” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created thereby. While the company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.
CONTACT:
Universal Energy Corp.
Billy Raley, CEO, (800) 975-2076
braley@universalenergycorp.info
Source: Universal Energy Corp.
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