StockGuru News: Universal Energy Corp. Announces Successful Drilling Program at its Lake Campo Prospect
HOUSTON, Oct. 31 /PRNewswire-FirstCall/ — Universal Energy Corp. (OTC Bulletin Board: UVSE – News) is pleased to give the following update on its Lake Campo prospect. In an announcement last week, Universal Energy Corp. announced that the analysis of daily reports from the Lake Campo prospect was providing an excellent indication as to the overall success of the prospect.
During the past few days, drilling operations reached the target depth of the well and an analysis of the well log was performed. The well log analysis showed 46 feet of gas pay throughout 4 sections of the well. Based on this analysis, the company and its well partners have elected to install production casing for the well. Lake Campo will be Universal Energy Corp.’s third commercial discovery of oil and gas within the past eight weeks.
“Three for three is not bad,” commented Billy Raley, Universal Energy Corp. CEO when asked about the recent drilling success at the company’s Amberjack, Caviar #1 and Lake Campo prospects. Raley continued, “Our prospect portfolio is proving its merit with each turn of the drill bit.”
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.
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 ma terially higher or lower than those indicated in the forward-looking information contained herein.
Universal Energy Corp.
Billy Raley, CEO, (800) 975-2076
Source: Universal Energy Corp.
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