Universal Energy Corp. Increases Production for 4th Consecutive Quarter
March 10 2009 - 9:25AM
PR Newswire (US)
HOUSTON, March 10 /PRNewswire-FirstCall/ -- Universal Energy Corp.
(OTC Bulletin Board: UVSE), an emerging U.S. oil and gas
exploration and production company, announced production for the
fourth quarter of 2008. During the fourth quarter of 2008,
Universal Energy Corp.'s share of production was approximately 32.0
million cubic feet of gas. This marks the fourth consecutive
quarter of production increases by the Company. "Production was
solid to close out fiscal 2008," commented Billy Raley, Chief
Executive Officer of Universal Energy Corp. Raley continued,
"Tripling production since the first quarter of 2008 is impressive
and we look to continue that production success in 2009. We are
committed to growing our current production while we review
additional opportunities for the Company." Universal Energy Corp.
is a publicly traded (OTC:UVSE) (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
DATASOURCE: Universal Energy Corp. CONTACT: Billy Raley, CEO,
Universal Energy Corp., +1-800-975-2076, Web Site:
http://www.universalenergycorp.info/
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