Universal Energy Corp (UVSE)

[JohnGaltsGhost]

Ness Energy International, Inc. engages in the exploration, production, marketing, and transportation of oil and natural gas in Israel and the United States. The company holds existing mineral rights in Texas, including the Fort Worth Basin in Parker, Hood, Shackelford, Jack, Wise, and Palo Pinto counties in the United States. It also develops and exploits mineral deposits in the Lahava field in Israel. As of December 31, 2006, Ness Energy had proved reserves of 168,000 barrels of oil and 42,903,000 thousand cubic feet of gas. It sells its products to intermediaries. The company, formerly known as Kit Karson Corporation, was founded in 1979 and is based in Weatherford, Texas with an additional office in Netanya, Israel. On December 5, 2008, Ness Energy International Inc. filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Texas, Ft. Worth.