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UC Hub Group Hits Oil

^{Published on 2009-12-03 10:56:03 - Market Wire}
 

LOS ANGELES, CA--(Marketwire - December 3, 2009) - UC Hub Group Inc (PINKSHEETS: [ UCHB ]) announces it has hit oil in the Southern Illinois well. The oil has a 7' to 8' oil zone that the driller has penetrated and he refers to this oil as the Robinson Pay Zone. This is one of the multiple potential oil zones UC Hub Group had anticipated as part of the sweet oil production that will occur from this well. This oil pay zone combined with the potential of the other zones is the anticipated compounding oil production strategy of the Company. The Illinois oil well with multiple producing pay zones could potentially result in a lucrative monthly production of oil. The wells in this area have a history of oil production longevity and this well will be better defined as the depth of 1900' is accomplished. The Company could drill many more wells on this 400 acre lease once this well is completed.

The Company has been drilling and repairing equipment straight through the holidays and weekends to reach these pay zones of oil and has successfully drilled to a depth of 1060' today. Now that the driller has confirmed oil in the first pay zone, the Company will repair some of the equipment over the next week and then begin drilling further down to the Basil Penn and Cypress oil pay zones. The Company anticipates more pay zone information over the next few weeks and is in discussions presently with more oil and gas lease opportunities. The Company is excited to share the success of this hard work and effort on the first oil well and thanks the shareholders for their patience.

[ www.uchub.net ]

Safe Harbor Provision

This news release includes forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this news release include statements regarding the potential of the property and the enhanced value of the Company. The forward-looking statements are subject to risks and uncertainty, that could cause actual results to differ materially from those projected in these forward-looking statements Such statements include the risks that the property may not be as valuable as anticipated, the ability of management to successfully operate the property and market any products derived therefrom and general economic conditions.. All forward-looking statements in this news release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk factors discussed in the Business and Management's Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at [ www.sec.gov ].