Unicorp Announces It Has Begun Drilling Operations on Its Kentucky Project.HOUSTON Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; -- Unicorp, Inc. (Pink Sheets:UCPI) announced today that it has received the necessary drilling permits from the State of Kentucky Kentucky, state, United States Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R. and began drilling operations on its initial well of the Cecilia Ce·cil·ia , Saint Third century a.d. Christian martyr traditionally regarded as the patron saint of music. Prospect located in Hardin County, Kentucky Hardin County is a county located in the U.S. state of Kentucky. It was formed in 1793. As of 2000, the population was 94,174. Its county seat is at Elizabethtown6. The county is named for John Hardin, a Continental Army officer during the American Revolution. . Drilling began on January 11th and it is expected that drilling should be completed to the projected depth of 1,500 feet by next week. 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, stated, "We began drilling operations on the Wright #1 well on January 11th and we should be logging the well within the next week. This is the first well of our four well commitment of the Cecilia Prospect and we are anxiously awaiting the initial results of this well." Unicorp previously announced it and P5 Petroleum had acquired an additional 2,400 acres in the prospect area and are in discussions to acquire an additional 13,600 acres in the prospect. Current total acres owned jointly with P5 Petroleum are 9,400 acres. About Unicorp, Inc. Unicorp, Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on acquiring working interests in crude oil and natural gas properties. For further information: www.unicorpinc.net. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , including the company's ability to successfully acquire additional acreage for its Cecilia Prospect, the success and timing of its planned drilling program and the results of the vibroseismic impact technology. 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, 2003, and Quarterly Report on Form 10-QSB for the quarter ended September 30, 2004. 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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