Unicorp Increases Its Working Interest Position to 25% from 15% on Its Clemens Dome Prospect with Potential Reserves of 30-40 BCF.HOUSTON -- Unicorp, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :UCPI) announced today that it has elected to increase its after casing point working interest position in its Clemens Dome prospect to 25% from 15%. The company's before casing point interest has increased to 29.412%. This prospect is located in Brazoria County, Texas Brazoria County is a county in the U.S. state of Texas located on the Gulf Coast within the Houston–Sugar Land–Baytown metropolitan area. Its county seat is Angleton, and its largest city is Pearland. As of the 2000 U.S. and will be drilled to an approximate depth of 14,500 feet to test the Lower Nod, Tex Miss and Vicksburg formations. Total gross reserve potential varies from 30 to 40 BCF BCF Billion Cubic Feet BCF Bioconcentration Factor BCF British Chess Federation BCF British Coatings Federation BCF Breast Cancer Fund BCF Bank Credit Facility BCF Bulked Continuous Filament BCF British Cycling Federation BCF Boeing Converted Freighter based upon which zones are productive. It is anticipated that drilling operations will begin during the first fiscal quarter of 2007. "This has been a prospect that we have been a part of for over a year and we are happy to finally have a drilling date," stated Art 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 of Unicorp. "If successful, this prospect could be one of our biggest finds to date for our young company." 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. 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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