Universal Energy Corp. has announced today the launch of its acquisition plan for 2009.
"The decline in commodity prices over the past few months has brought about opportunities like I've never seen before," commented Billy Raley, Chief Executive Officer of Universal Energy Corp. Raley continued, "We fully intend to acquire both producing properties and high impact assets over the next few months to continue building our portfolio along with providing value opportunity for our stockholders."
Universal Energy Corp. is currently in discussions regarding the acquisition of producing and exploration assets that will enhance its growth potential and add stockholder value. These assets would be consistent with current properties along with providing the company with additional drilling opportunities. Management evaluates opportunities on a case-by-case basis and focuses on assets in, or close proximity, to established fields which provide the opportunity to add to the Company's reserves and exploration portfolio.
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