Universal Energy Corp (UVSE)

[phowell23]

Found a site that did some DD on UVSE earlier this year:

http://www.bullmarketmadness.com/bmmuvse.htm

and

http://www.bullmarketmadness.com/BMMB-020508.htm

Here is a little of what they said:

The Caviar Project in southeastern Louisiana is a group of four wells. Two multi-zone gas wells are already complete and awaiting the gas line tie-in in just a few weeks. And, two more wells are scheduled to begin drilling Q1 2008. Its reserves are estimated at 4.7 million barrels of oil. At current oil prices that is a value of $470 million in oil reserves. Production will begin in the first quarter of 2008.

Other Louisiana projects include:

Amberjack Prospect, an oil prospect has flowed at up to 180 barrels per day and is expected to flow near 200 barrels a day, or $540,000 per month. With a total of 1.75 million barrels in reserve that’s a value of approximately $175 million.

Lake Campo Field, once a Gulf and then a Shell Oil project, has produced 25 billion cubic feet of gas. Recent analysis has expedited the installation of a production casing for the well. It’s now a 3-D development gas prospect valued at 10.1 billion cubic feet of gas equivalent, a value of approximately $70.7 million.

Other projects include:

The Pembina Nisku Reef Project in Alberta, Canada—the most prolific oil and gas producing area in all of Alberta. Wells just 2 miles away from the property have already produced as much as 7,000 barrels of oil per day. Potential reserves owned by UVSE are estimated at 30 million barrels of oil and 136 billion cubic feet of gas valued at approximately $3.5 billion.

The Lone Oak Project in Galveston County, Texas—an area where over 4 trillion cubic feet of gas and 4 billion barrels of oil have been produced since 1900. Reserves are currently estimated at 139 billion cubic feet of gas for a value of $973 million.







The above post represents only my opinion. Please use caution before investing into any stock.