Drilling update for Lone Oak Prospect by Universal Energy Corp
An emerging U.S oil and gas exploration and production company, Universal Energy Corp, published an update on drilling operations at its lone oak prospect in Galveston Bay, Texas. As of this morning, drilling at Lone Oak has reached a measured depth of 11,975 feet. Drilling is scheduled to be complete later this week to the target measured depth of 12,615 feet. After drilling is complete, the well will be logged and analyzed.
Billy Raley, Chief Executive Officer of Universal Energy Corp, said We look forward to drilling being completed later this week. “Drilling operations are going well and the data we are receiving is matching up to what we expected.” Raley continued.
Universal Energy Corp. is a publicly traded (OTC Bulletin Board: UVSE – News) energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Louisiana and Texas.
CONTACT: Universal Energy Corp. Billy Raley, CEO, (800) 975-2076
braley@universalenergycorp.info
Source: Universal Energy Corp.
