Universal Energy Cases Amberjack Well

Universal Energy says that over the past week extensive open hole electronic data logging of the Amberjack well has been completed. These procedures were carried out in anticipation of well completion, production gas flows and tie-in.

Based on the electronic data logs, and with the recommendation of industry experts, the decision was made to install production casing at the Amberjack prospect (well SL 18514 No. 1). "We are excited by the initial findings from drilling," stated Billy Raley, CEO of Universal Energy Corp. Raley continued, "Initial indications persuade us that we have a wonderful multiple zone oil and gas well at Amberjack."

The operator will now perforate and test selected intervals displayed on open whole logs to test pay sands between depths of approximately 10,100 to 10,300 feet for an estimated total of 46 feet of probable production.

The final testing, which is planned to take a few weeks, will determine the estimated daily gas and oil production volumes and total reserves. These final steps of production testing will be used to maximize production. The well should be producing oil into tanks within weeks.

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