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Article: Universal Energy Corp. Provides Drilling Update #3 on Lone Oak Prospect in Galveston Bay, Texas.
- Article from:
- PR Newswire
- Article date:
- June 19, 2008
CopyrightCOPYRIGHT 2008 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, June 19 /PRNewswire-FirstCall/ -- Universal Energy Corp. (OTC Bulletin Board: UVSE), announced today that directional drilling is underway at its Lone Oak prospect. The total measured depth of the well is currently 8,600 feet and the directional drilling will continue to a measured depth of 11,470 feet. It will take approximately eight days to reach 11,470 feet at which point intermediate casing will be installed.
Billy Raley, Chief Executive Officer of Universal Energy Corp. stated, "The drill program at Lone Oak #1 is scheduled to be complete mid July 2008. We remain excited about the potential reserves this could bring Universal Energy and its ...