SOURCE: Universal Energy Corp.

March 04, 2010 08:24 ET

Universal Energy Corp. Identifies Prospects for 2010 Drilling Campaign

HOUSTON, TX--(Marketwire - March 4, 2010) -  "Revenue growth for Universal Energy Corp. (PINKSHEETS: UVSE) is through the drill bit," commented Billy Raley, Chief Executive Officer of Universal Energy Corp.

In February 2010, management of Universal Energy Corp. attended the Nape Expo in Houston, Texas. The Nape Expo is the world's largest exploration and production (upstream) expo providing a marketplace for buying and selling of oil and gas prospects worldwide.

Raley continued, "At NAPE, we identified a series of oil and gas prospects for our 2010 drilling campaign. Over the past few weeks, we have analyzed the prospect data and we are now prepared to begin the process of selecting individual prospects for our 2010 drilling campaign. This year's campaign will diversify our production outside of the gulf coast area into other productive risk-averse fields within the U.S."

Universal Energy Corp. is a publicly traded (PINKSHEETS: 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 for more details.

Forward Looking Statements -- The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created thereby. While the company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.

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