Unicorp Acquires 2,500 Acres in Logan County, Kentucky.HOUSTON -- Unicorp, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :UCPI) announced today that it has obtained a farmout from La Mesa La Mesa (lə mā`sə), city (1990 pop. 52,931), San Diego co., S Calif., a suburb of San Diego; inc. 1912. It is a retail center and a popular residence for upper- and middle-income professionals in the San Diego area. Partners of McKinney, Texas McKinney is a city in Collin County, Texas (USA), the county seat and second in population to Plano. As of the 2006, the North Central Texas Council of Governments estimated the city population to be 102,853. to test the New Albany shale on approximately 2,500 acres in Logan County, Kentucky Logan County is a county located in the U.S. state of Kentucky. As of 2000, the population was 26,573. Its county seat is Russellville6. The county is named for Benjamin Logan. Geography According to the U.S. . Under the terms of the agreement Unicorp must drill its initial test well no later than July 2007, however, the leases will begin to expire during 2006. "We believe this acreage is an excellent complement to the acreage we currently have in Ohio County, Kentucky Ohio County is a county located in the U.S. state of Kentucky. As of 2000, the population was 22,916. Its county seat is Hartford6. The county is named for the Ohio River, which originally formed its northern boundary. It is a prohibition or dry county. ," stated Kevan Casey, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Unicorp. "The Logan County wells will be drilled to a depth of approximately 1,000 feet as compared to 2,800 feet in Ohio County." Unicorp previously announced that it had elected to exercise its option to acquire a 100% working interest in 7,500 acres in Ohio County, Kentucky and intends to drill its second test well within 30 days. 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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/A for the year ended December 31, 2004 and Form 10-QSB for the quarter ended September 30, 2005. 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. |
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