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Article: Universal Energy Corp. Projects Profitability for the First Quarter of 2008 Based on Recent Drilling Successes.
- Article from:
- PR Newswire
- Article date:
- November 15, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON, Nov. 15 /PRNewswire-FirstCall/ -- Universal Energy Corp. (BULLETIN BOARD: UVSE) , an emerging domestic oil and gas exploration and production company, is pleased to announce that the company now projects profitability in the first quarter of 2008. "Our success at the wellbore is turning into real dollars for the company," commented Billy Raley, CEO of Universal Energy Corp. Raley continued, "With the production life of our already successful wells ranging from eight to twelve years, the visibility of our future revenue could not be clearer."
"Reaching profitability sets us apart from our peers," commented Dyron Watford, CFO of Universal Energy Corp., ...