Each of the three independent drilling operations is progressing on schedule. The company has recently completed production casing at its last two prospects that were successfully drilled: Amberjack and Caviar #1.
"The financial impact of this week is staggering," commented Dyron Watford, CFO of Universal Energy Corp., when asked about this week's drilling operations. "With oil prices continuing the climb toward $100 per barrel, the prospects that Universal are drilling become better investments with each passing day."
"The hard work of developing a risk diversified portfolio of prospects is really beginning to pay off," commented Billy Raley, Universal Energy Corp. CEO. "The drilling operations that commenced this week will create a positive impact on Universal for years to come."
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