Universal Energy Corp. (uvse.ob)
Energy
- Recent Success: Growth through acquisition has been successful. Recently, the Company announced that it had entered into a participation agreement for a drill ready prospect in Louisiana, the ninth drill ready prospect the company has acquired in the past six months. CEO Billy Raley believes, "The growth of our quality prospect portfolio over the past few months has been incredible. The ability to diversify risks by consistently growing the prospect portfolio is a key to our success."
- Strategy of Risk Management and Low Overhead: By specializing in acquiring oil and gas leases with proven reserves, Universal Energy expects to maximize the potential for increased oil and natural gas production while minimizing risks and exploration costs. Universal Energy has adopted a strategy which enhancing production by using newly developed technology. The experience of the management team and advisory board limits costs associated with infrastructure necessary to bring the product to market. Minimal development costs and low overhead structure allows Universal Energy to maximize the income and revenue from each production lease.
- Oil and Gas Continues to be a Major Market: Oil and gas currently account for more than half of global energy supply, and fossil fuels are expected to continue to be the main source for world energy well into the 20th century (Source: International Energy Agency). Worldwatch Institute notes oil production is in decline in 33 of the 48 largest oil-producing countries (Source: Worldwatch Institute), but energy demand is increasing around the globe. By 2020, some predict that the world's energy consumption will be 40% higher than it is today (Source: World Energy Outlook 2004). The total global oil and gas consumption is 127.8 million barrels per day, or 1,480 barrels per second (Source: OPEC.org). Despite recent calls for increased development of alternative fuel sources, there appears to be no foreseeable end to the growing demand for oil, and Universal Energy has already completed successful drilling operations at two of its properties in response to this tremendous demand.
- Growing Demand: Global consumption of natural gas is expected to increase more in absolute terms than that of any other primary energy source, almost doubling to 4,900 bcm in 2030. Demand for natural gas is projected to grow 2.8% annually through 2025, faster even than projected demand for oil. (Source: International Energy Agency). In particular, demand for natural gas in Canada, the United States, and Mexico is increasing. In the United States, 60% of all homes are heated with gas, and 70% of new homes are designed for natural gas consumption. Due to its clean burning qualities, natural gas is the fuel of choice for electric power production. With increasing pressures on the market, it is almost inevitable that natural gas will remain a strong prospect for the foreseeable future. Universal Energy is actively developing its portfolio of energy properties in order to respond to the dictates of the market, and to stake out a position in this desirable sector.
Company Contact Information
600 East Altamonte Drive
1050
Altamonte Springs, FL, 32701
USA
- Phone:407-260-9206
- Fax:n/a
- E-mail:info@universalenergycorp.info
On-line contact form
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