Replies to post #13841 on Universal Energy Corp (UVSE)

[sownreap]

But will those wells be drilled before the A/S increase vote?

[phowell23]

Yes, 3 more wells in Lone Oak (4 oil/gas projects). UVSE is engaged in 13 total oil/gas projects at this time. Also, as one other suggested yesterday, just because they decided not to use Well #1 just yet doesn't mean they can't start using it at a later day if Oil/Natural Gas prices go much higher.

Remember, UVSE only owns like a 12% interest in the Lone Oak wells which also means they only can make 12% of the decisions. They share 12% of the cost of drilling as well as eventually 12% of the revenue. If I'm wrong please correct me.




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