chinaman711
09-21-2007, 12:14 PM
I have been watching many of the penny oil plays for the last 2 months as oil goes higher. I did well with UCPI about 2 years ago when a newsletter was pushing it higher. This is a real slow play on oil and the company expects to be profitable soon. They have been buying up old wells and bringing that back up. Energy the place to be for the next few years imo and who knows maybe UCPI will came back if they do turn a profit. Here is last nights news----Unicorp Announces Operations Have Begun on Its Pan American Fee Well Re-Entry
Thursday September 20, 4:05 pm ET
HOUSTON--(BUSINESS WIRE)--Unicorp, Inc. (OTCBB:UCPI - News) announces that operations have begun and the completion rig is moving to its Pan American Fee Well No. 1 located in Jefferson Davis Parish, Louisiana. The procedure to be performed is a recompletion of a well drilled by Sohio Petroleum in 1969 with the target formation being the 7,600 foot sand. Unicorp acquired this acreage with its recent Welsh Field acquisition and, if successful, has identified two additional well locations to be drilled.
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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.
Thursday September 20, 4:05 pm ET
HOUSTON--(BUSINESS WIRE)--Unicorp, Inc. (OTCBB:UCPI - News) announces that operations have begun and the completion rig is moving to its Pan American Fee Well No. 1 located in Jefferson Davis Parish, Louisiana. The procedure to be performed is a recompletion of a well drilled by Sohio Petroleum in 1969 with the target formation being the 7,600 foot sand. Unicorp acquired this acreage with its recent Welsh Field acquisition and, if successful, has identified two additional well locations to be drilled.
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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.