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 (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
