Saturday, August 30, 2008 1:11:37 AM
1 - Date Aug 15, 2008 - Short Interest 281,108 - % Change Avg. -90.69
2 - An After Hours Buy of 1.45 millions share going into a holiday weekend.
3 - ANNUAL MEETING OF STOCKHOLDERS Tuesday
4 - Net income (loss)
Q2 $ 2,938,337 = 2008 $ (2,031,225 )= 2007
Q 1 & 2 $ 3,553,178 = 2008 $ (2,686,634 ) = 2007
5 - Universal Energy Corp. Announces 123% and 244% Increases in Gas and Oil Production Quantities in the 2nd Quarter 2008
6 - Producing wells in Lake Campo and Amberjack
7 - As we continue to increase revenues with production in the 3rd quarter from Caviar #1 and Caviar #4, the financial picture for Universal Energy becomes more solid with each day of production
8 - "We are extremely pleased with the ease that these wells came online and look forward to many years of substantial production."
9 - "The elimination of corporate debt by year end is our first strategic initiative as it is imperative to increased profitability for our stockholders in the months and years to come"
10 - Lone Oak #1 was the first of a four well package and we have already begun preparations to drill the second well
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