OTC Bulletin Board

S & P Company Insight for UNIVERSAL ENERGY CP
 
 Profile

 
Business Summary: Universal Energy Corp., an independent energy company, engages in the acquisition and development of crude oil and natural gas leases in the United States and Canada.
 
Address
  30 Skyline Dr
  Lake Mary , FL 32746-6201
  Phone: 800-975-2076
  Fax: 800-805-4561
  Website: http://www.universalenergycorp.info
Auditor
  Tedder, James, Worden & Associates
Transfer Agent
  Madison Stock Transfer Inc.
Employees:  4
ShareHolders:  479
Founded:  2002
Domicile:  Delaware
 
  
 
 Background

 
Universal Energy Corp., an independent energy company, engages in the acquisition and development of crude oil and natural gas leases in the United States and Canada. As of December 31, 2007, it had working interest in approximately 7,095 acres of land in Louisiana and Texas, as well as in Alberta, Canada. The company, formerly Universal Tanning Ventures, Inc., was founded in 2002 and is based in Lake Mary, Florida.
History:  INCORPORATED in Delaware Jan. 4, 2002, as Universal Tanning Ventures, Inc.; name changed to Universal Energy Corp. June 23, 2006.
 
Subsidiaries:
Universal Energy Services Corp.
Universal Explorations Corp.
UT Holdings, Inc.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Dyron M. WatfordChairman, Chief Financial Officer & Chief Accounting Officer
 Billy R. RaleyChief Executive Officer

Directors
 Billy R. Raley
 Dyron M. Watford
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20072006
Revenue1--
Cost & exps.7,184762
Interest expense, net200--
Other expense, net6,629--
Inc. fr. contng. opers.(14,011)(762)
Discontd. opers.(34)(11)
Net income(14,045)(773)
Share earns. Fr. contng. opers. - basic($0.49)($0.04)
Share earns. Discontd. opers. - basicNilNil
Share earns. Net income - basic($0.49)($0.04)
Share earns. Fr. contng. opers. - diluted($0.49)($0.04)
Share earns. Discontd. opers. - dilutedNilNil
Share earns. Net income - diluted($0.49)($0.04)
 
Balance Sheet
  2007
Assets:
Cash & equiv.235
Accounts receivable1
Other curr. assets64
Tot. curr assets300
Oil and gas properties2,249
Debt issuance costs578
Property and equipment, net 8
Other assets416
Total assets3,551
Liabilities:
Notes pay.250
Accruals143
Convertible Debentures1,063
Accts. pay.210
Other curr. liabs.10,916
Tot. curr. liabs.13,601
Com. stk. p.$0.00013
Paid-in cap.5,366
Retained earns.(15,418)
Total liabs.3,551
 
 * Results reflect Mar. '07 2.5-for-1 stk. split.
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2008   190,000
  2008   2330,000
  2008   3330,000
  2007   1Nil
  2007   2Nil
  2007   3Nil
  2007   4Nil
  2007   Full Year Nil
  2006   130,000
  2006   Full Year Nil
  2005   140,000
  2005   240,000
  2005   330,000
  2005   430,000
  2005   Full Year 140,000
  2004   140,000
  2004   240,000
  2004   330,000
  2004   430,000
  2004   Full Year 150,000
  2003   140,000
  2003   240,000
  2003   330,000
  2003   430,000
  2003   Full Year 150,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2008   1590,000
  2008   22,940,000
  2008   3(3,920,000)
  2007   1(660,000)
  2007   2(2,030,000)
  2007   3(4,320,000)
  2007   4(7,010,000)
  2007   Full Year (14,010,000)
  2006   Full Year (762,000)
  2005   Full Year (70,000)
  2004   Full Year (60,000)
  2003   Full Year (110,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2008   1.02
  2008   2Nil
  2008   3(.01)
  2007   1(.02)
  2007   2(.07)
  2007   3(.15)
  2007   4(.23)
  2007   Full Year (.48)
  2006   1Nil
  2006   2Nil
  2006   3Nil
  2006   4(.03)
  2006   Full Year (.04)
  2005   1Nil
  2005   2Nil
  2005   3Nil
  2005   4Nil
  2005   Full Year Nil
  2004   1Nil
  2004   2Nil
  2004   3Nil
  2004   4Nil
  2004   Full Year Nil
  2003   1Nil
  2003   2Nil
  2003   3Nil
  2003   4Nil
  2003   Full Year (.01)
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2008:
 
 Authorized SharesOutstanding Shares
Common $0.0001 par250,000,00029,885,178
 
LONG TERM DEBT: $183,101.
 
Common $0.0001 par
 
Stockholders:  04/08/2008, 479.
Transfer Agent:  Madison Stock Transfer Inc.   Brooklyn , NY
 
OTC Bulletin Board( Primary): UVSE
 
ExchangeYearHighLow
OTC Bulletin Board20080.92000.0000
OTC Bulletin Board20072.55000.5800
OTC Bulletin Board20060.86800.4080
 
DIVIDENDS: Common $0.0001 par: No cash. Common $0.0001 par was split 5-for-2, ex-Mar. 14, 2007.