April 20, 2006 04:05 PM US Eastern Timezone Unicorp's Recent Discovery is Expected to Nearly Double Its Current Revenue HOUSTON--(BUSINESS WIRE)--April 20, 2006--Unicorp, Inc. (OTCBB:UCPI) announced today that its initial well in its North Edna Prospect in Jefferson Davis Parish, Louisiana is expected to nearly double its current revenue. The initial well is expected to be online and producing sometime in the second quarter of 2006.
"We have obtained a completion rig and will be perforating and completing the well within the next two weeks," stated Arthur Ley, COO of Unicorp. "We are anxious to begin drilling operations on the eastern extension which has possible reserves of 900,000 barrels of oil."
About Unicorp
Unicorp, Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.
Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements, including the company's ability to successfully acquire oil and gas properties and drill commercial wells. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Unicorp's future business and financial results, refer to Unicorp's Annual Report on Form 10-KSB for the year ended December 31, 2005, which was filed with the SEC on April 17, 2006. Unicorp undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.
Contacts Unicorp, Inc. Carl A. Chase, 713-802-2944 Investors*unicorpinc.net
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
IP: Logged |
posted
Looking very intriguing. Will keep a look out for this in the morning. Thanks for the heads up. Anything oil could be worth a look. As usual will do my own DD on this as well.
IP: Logged |
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
IP: Logged |
posted
Closed up 22%, Macd crossing, RSI just moved into positive territory, volume is up. I think it'll play on Monday, Tuesday and maybe Wednesday if you look at 3 month charts, or longer if you look at 6 month charts....
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz)
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
