Unicorp Reports First Oil from North Edna

Unicorp, Inc. announced Thursday that it has started producing oil from its North Edna Prospect located in Jefferson Davis Parish, Louisiana. The Lejuene #1 was originally tested at 175 barrels of oil per day and is now expected to produce approximately 150 barrels of oil per day. Unicorp has a 40% before payout and a 30% after payout working interest in this prospect. This initial well was drilled to a depth of approximately 8,800 feet.

"This discovery is exciting because it will more than double our current revenue and we have three additional offset wells to be drilled in this field," stated Arthur Ley, COO of Unicorp. "We recently announced we have secured a drilling rig to further develop the prospects in which we are participating."


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