Universal Energy Corp. Identifies Prospects for 2010 Drilling Campaign
05 March 2010 - 12:23AM
Marketwired
"Revenue growth for Universal Energy Corp. (PINKSHEETS: UVSE) is
through the drill bit," commented Billy Raley, Chief Executive
Officer of Universal Energy Corp.
In February 2010, management of Universal Energy Corp. attended
the Nape Expo in Houston, Texas. The Nape Expo is the world's
largest exploration and production (upstream) expo providing a
marketplace for buying and selling of oil and gas prospects
worldwide.
Raley continued, "At NAPE, we identified a series of oil and gas
prospects for our 2010 drilling campaign. Over the past few weeks,
we have analyzed the prospect data and we are now prepared to begin
the process of selecting individual prospects for our 2010 drilling
campaign. This year's campaign will diversify our production
outside of the gulf coast area into other productive risk-averse
fields within the U.S."
Universal Energy Corp. is a publicly traded (PINKSHEETS: 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
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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