Wednesday, September 17, 2008 11:48:06 AM
News for 'UVSE' - (Universal Energy Corp. Announces Reprocessing of 3D Seismic Data at Lone Oak Prospect)
HOUSTON, Sept 17, 2008 /PRNewswire-FirstCall via COMTEX/ -- Universal Energy
Corp. (OTC Bulletin Board: UVSE), a growth oriented U.S. oil and gas exploration
and production company, announc ed today that a world renowned processing and
development services provider has been selected to reprocess the proprietary
seismic data at the Company's Lone Oak prospect. The processing techniques will
take four to six weeks to complete and will provide the necessary data to
further develop the Lone Oak prospect.
"We want to utilize all of the information available to us in order to maximize
the probability of drilling an excellent well later this year" commented Billy
Raley, Chief Executive Officer of Universal Energy Corp. Raley continued, "We
will use this data along with the Wallis and Odyssey offsetting wells to fully
explore Lone Oak's potential opportunities."
Universal Energy Corp. is a publicly traded (OTC Bulletin Board: UVSE) energy
company engaged in the acquisition and development of crude oil and natural gas
leases in the United States. 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 Louisiana and Texas. Visit
http://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
info rmation 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.
URL: http://www.universalenergycorp.info
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