Universal Energy Commences Three Independent Drilling Operations
Universal Energy has commenced drilling operations on its Lake Campo, W. Rosedale and East OMG prospects.
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."
- Universal Scoops up Blocks Offshore Namibia (May 17)
- Universal Energy IDs Drilling Prospects for 2010 Campaign (Mar 04)
- Universal Energy Corp. Plans Aggressive 2009 Acquisition Plan (Mar 25)