Unicorp Announces Its Recent Mississippi Discovery is Producing at 110 BOPD and Will Increase Its Current Revenue by 60%.HOUSTON -- Unicorp, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :UCPI) announced today that its recent Mississippi discovery is producing at an average rate of 110 barrels of oil per day. The Lee Walley Estate Well #1 is located in Greene County, Mississippi Greene County is a county located in the U.S. state of Mississippi. It was established in 1811 and is named for General Nathaneal Greene. As of 2000, the population is 13,299. Its county seat is Leakesville6. Geography According to the U.S. . This increase in revenue is in addition to the recently announced 360% increase in revenue for the nine months ended September 30, 2006. Unicorp is the designated operator of the project and has a 60% working interest and an approximate 46.8% net revenue interest. "This well has met our expectations and we are happy that it is currently producing oil at this rate with no water," stated Arthur Ley LEY. This word is old French, a corruption of loi, and signifies law; for example, Termes de la Ley, Terms of the Law. In another, and an old technical sense, ley signifies an oath, or the oath with compurgators; as, il tend sa ley aiu pleyntiffe. Brit. c. 27. , COO (Cell Of Origin) See mobile positioning. of Unicorp. "We believe this well can sustain production for many years and will be an excellent addition to our growing portfolio of producing wells." 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 a drilling machine having a horizontal drill spindle. See also: Horizontal , 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 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 oil and gas properties and drill commercial wells. Due to the limited production history, there can be no assurance that this well will continue to produce oil at its current production rate. 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 and Form 10-QSB for the quarter ended September 30, 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. |
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