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Universal Energy Corp. Reports Revenue for January 2008 as Production Success at its Amberjack and Lake Campo Prospects Continue
Friday, February 01, 2008; Posted: 09:49 AM
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HOUSTON, Feb 01, 2008 /PRNewswire-FirstCall via COMTEX/ -- UVSE | news | PowerRating | PR Charts -- Universal Energy Corp. (OTC Bulletin Board: UVSE | news | PowerRating | PR Charts ) announced, today, that production continues at its Amberjack and Lake Campo prospects. Amberjack was placed into production in late December 2007 with Lake Campo following suit during the first part of January 2008. Production of hydrocarbons has reached levels of up to 185 barrels of oil per day and 4.34 million cubic feet of gas per day at Amberjack and Lake Campo, respectively.

"It's exciting to have solid production numbers," commented Dyron Watford, CFO of Universal Energy Corp. Watford continued, "We anticipate the receipt of January's revenues within the next few days."

Universal Energy Corp. is an energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. 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 Alberta, Canada, Louisiana and Texas. Visit www.universalenergycorp.info 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.

CONTACT: Universal Energy Corp. Billy Raley, CEO, (800) 975-2076 braley@universalenergycorp.info

SOURCE Universal Energy Corp.

http://www.universalenergycorp.info

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