Unicorp Awaits First Oil from Walley



Unicorp, Inc. said Tuesday that it will start producing oil from its Walley Prospect located in Greene County, Mississippi this week. This well is expected to produce approximately 100 barrels of oil per day. Unicorp is the designated operator of the project and has a 60% working interest and an approximate 46.8% net revenue interest.

"We are happy that this initial well in Mississippi has proven to be successful and we will immediately begin production this week," stated Arthur Ley, COO of Unicorp. "There are several other possible locations in this area that we will actively seek to drill."

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.

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