Unicorp Logs Pay at New Albany Shale Prospect
Unicorp, Inc. has successfully drilled to total depth, set production casing and perforated its Ohio County, Kentucky test well.
The well was drilled to a total depth of approximately 2,800 feet and incurred approximately 200 feet of New Albany Shale, the target formation. The company is currently obtaining proposals from Halliburton and BJ Services for the design of a fracture stimulation treatment to be performed within the next sixty days.
"We are pleased that we obtained a rig and drilled this initial well with no problems," stated Kevan Casey, CEO of Unicorp. "Should this well be productive in commercial quantities, we will exercise our option to obtain a 100% working interest in approximately 7,600 acres in this prospect."
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 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.
- Striker Signs Agreement with GEO to Evaluate Intl Offshore Concessions (Apr 29)
- Unicorp Announces 257% Growth In Proved Reserves (Feb 06)
- Unicorp Begins Operations at Pan American Fee Well in Louisiana (Sep 21)