|
|
Article: Oil and Natural Gas Prices Continue Their Climb as Universal Energy Corp. Awaits Tie-In of Its Caviar #1 and Caviar #4 Prospects
- Article from:
- U.S. Newswire
- Article date:
- February 27, 2008
CopyrightCopyright 2008 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
|
To: ENERGY EDITORS
Contact: Billy Raley, CEO of Universal Energy Corp., +1-800-975-
2076, braley@universalenergycorp.info
HOUSTON, Feb. 27 /PRNewswire-FirstCall/ -- Universal Energy Corp.
(OTC Bulletin Board: UVSE) commented today on the continuing climb
in oil and gas prices over the past few months. Today, in early
trading, oil rose to over $102 per barrel which is an all-time high
and is reaching towards $103.76, which is the inflation-adjusted all-
time high that occurred after the Iranian revolution in April 1980.
Since September 2007, when drilling began at Universal Energy
Corp.'s Caviar #1 Prospect, the prices of oil have increased from
approximately $75 per barrel to over $100 per ...