Universal Energy Corp. Announces Reprocessing of 3D Seismic Data at Lone Oak Prospect
Universal Energy Corp., a growth oriented U.S. oil and gas exploration and production company, announced today that a world renowned processing and development services provider has been selected to reprocess the proprietary seismic data at the Company’s Lone Oak prospect. The processing techniques will take four to six weeks to complete and will provide the necessary data to further develop the Lone Oak prospect.
“We want to utilize all of the information available to us in order to maximize the probability of drilling an excellent well later this year” commented Billy Raley, Chief Executive Officer of Universal Energy Corp. Raley continued, “We will use this data along with the Wallis and Odyssey offsetting wells to fully explore Lone Oak’s potential opportunities.”
Universal Energy Corp. is a publicly traded (OTC Bulletin Board: UVSE) 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. Visit http://www.universalenergycorp.info for more details.
