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From: "James Ro" <email@example.com>
Subject: Exxon/Mobil Geophysicist now Spearheading OTC BB : UDCCF Oil & Gas production14054
Date: Thu, 23 Jan 2003 01:45:37 -2000
Strong Buy Recommendation : otcbb ? UDCCF
Its time to have an oil company in your Investment
Portfolio that will perform - While you watch
UNIVERSAL DOMAINS INC (OTC: UDCCF)
RECENT SHARE PRICE $.027
52 WEEK HIGH $.085
52 WEEK LOW $0.007
FISCAL YEAR END Dec 31
SHARES OUTSTANDING 119 Million
MARKET CAP. $3.1 Million
Working interest in 5 domestic oil fields with proven
oil reserves to be estimated at a minimum of 50 mil
barrels of oil and 5.8 billion cubic feet of gas.
The fields have been calculated to produce 5,525
barrels of oil per day collectively.
Revenue is expected to be $1,250,000,000.
Rights to low cost, low risk shallow Oil Fields secured.
Usually wells require less than $100k to bring into full
Norris Harris (chairman) has been in the Oil business
since 1956, working 12+ years as a geophysicist with
Exxon/Mobil, and was the founder and President of
Centex oil, which traded on the NYSE. Centex Oil.
Mr. Harris formed Basin Exploration Inc, which was on
the AMEX and later bought out by TEXACO.
Universal Domains Inc (OTC UDCCF) now owns a 75%
working interest in 5 oil fields located in the USA.
The proven reserves are estimated at 50 mil barrels of
oil and 5.8 billion cubic feet of gas. All of these
fields have relatively shallow wells which are cheaper
to drill and produce from and considered lower risk
than deeper wells. The potential revenues are
calculated at $25 per barrel
(under the current market $30.75),
Project A: Located at a depth of 11,000 feet has
produced significant amounts of oil from a depth of
12,000 in the past. The sand at 11,000 has been
overlooked for years most likely due to low resistivity
reading fectric log. However, after completion of a
reservoir engineering study, it is est that a minimum
of 4.1 million barrels of oil and 5.8 billion cubic
feet of gas will be recovered from this prospect.
Production should be a minimum of 800 barrels per day
just from the initial phase. Reserves should be
7 million barrels of oil.
Project B: The original operator of this field
recovered several million barrels of oil and gas from
producing sand but overlooked another sand layer
20 feet deeper separated by shale break. These wells
will be re-completed and 3 additional wells will be
drilled to recover reserves. A minimum of 7 million
barrels of oil is expected and this project should
generate 625 barrels a day
Project C: This lower Cretaceous project that ranges
in depth from 6,500 to 7,500 feet cover about
800 acres. One well was drilled on the flank of the
structure and encountered 100 feet of oil pay, in
multiple sands, with good porosity and permeability.
The remainder of this project has not been drilled.
The potential is 10 million barrels of oil reserves
and 1,000 barrels of oil per day.
Project D: has a depth of 9,000 feet. The entire
structure will need to be developed by drilling
17 new wells. 10 million barrels of oil and 2,100
barrels per day is estimated. The structure covers
about 1,350 acres.
Project E: This is the Eutaw project at a depth of
3,500 feet. It covers about 1,600 acres. Twenty
new wells will be drilled in a proven reservoir to
exploit remaining reserves. The gravity of the oil
is 20 degrees so the new wells will be drilled on
20-acre spacing. 12 million barrels of oil is
estimated to be recovered and initial production
should be 1,000 barrels per day.
In compliance with the Securities Act of 1933,
Section 17(b), Emerging Stock Alert discloses the
receipt of 500,000 unrestricted shares of udccf from
a third party for the publication of this report. Be
aware of an inherent conflict of interest resulting
from such compensation due to our intent to profit
from the liquidation of these shares. Shares may be
sold at any time, even after positive statements have
been made regarding the above company. All factual
information in this report was gathered from public
sources, including but not limited to SEC filings,
Company Press Releases, and Market Guide. Emerging
Equity Alert believes this information to be reliable
but can make no guarantee as to its accuracy or
completeness. Use of the material within this email
constitutes your acceptance of these terms.
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