Replies to post #16312 on Universal Energy Corp (UVSE)

[Sunrise_Surfer]

From what I'm hearing the Caviar revenue is enough to wipe out the debt out completely in months. I would like to think that this is a primary reason for the delay in the meeting.

Maybe Raley and co. needed time to put the deal together?

Universal Energy Corp. Announces Increased Production at its Caviar Wells
11:30a ET August 4, 2008 (PR NewsWire)
Universal Energy Corp. (OTC Bulletin Board: UVSE), an emerging U.S. oil and gas exploration and production company, announced today that gas production has continued increasing at both Caviar #1 and Caviar #4 since initial production began in July.

"We will continue to open up the wells and increase flow as we work them into their final production levels," commented Billy Raley, Chief Executive Officer of Universal Energy Corp. Raley continued, "We are extremely pleased with the ease that these wells came online and look forward to many years of substantial production."



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