Universal: Pipeline Construction Underway to Tie-in Caviar #1, Caviar #4
Universal Energy Corp. announced that all owners have agreed on a final plan for the pipeline construction and barge installation at the Caviar series of wells in Plaquemines Parish, Louisiana. Work on the pipeline construction has now begun and is expected to be completed within 5 to 6 weeks.
Billy Raley, CEO of Universal Energy Corp. commented, "The additional time it has taken to develop this plan was necessary as the tie-in of up to four productive wells is complex. We are pleased with the finalization of the plan and the commencement of work on the pipeline this week." Raley added, "We believe this will allow the efficient production of the Caviar prospect for years to come."
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