Replies to post #24718 on Universal Energy Corp (UVSE)

[katyg]

Here's the limited knowledge I have about Barnett Shale.

I live near Keller TX. My particular subdivision had some very positive geo studies largely due in part to the fact we are sitting on a fault line (apparently good news for a big deposit possibility) and we have several very promising drill sites within the area that have already been appropriately zoned and perfect for the slant/spider drilling technique they are all using these days (my terminology might be a little off).

A last year we were overrun with investors trying to sublease our mineral rights and package that lease for sale to the big kahunas (Like xto or chesapeake) Our HOA decided instead to band together, hire an atty and sell off our own "package" Of course we did not get our act togther (legal ducks in a row) until the first part of October and I don't have to tell you what happened then. NO ONE was interested in anything. Even for rock bottom.

So a few weeks ago, some of us start getting letters again from the speculators wanting us to sell our individual rights. While the HOA still hasn't gotten any nibbles off of our package deal, the little rodents are all starting to swarm around the smell of dinner cooking. There has to be something to this right?

Also, I have seen a few more well sites going up -- not many, but some and there has be NO construction for months. Maybe this is stimulus $$, maybe it was precontracted, but leads me to be hopeful.

SO that is what I know if that helps.