HOUSTON, Sept. 17 /PRNewswire-FirstCall/ -- Universal Energy Corp. (OTC
Bulletin Board: UVSE), a growth oriented U.S. oil and gas exploration and
production company, announced 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
information 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
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