"We are pleased our North Edna Prospect is now producing and that we are now generating cash flow from our drilling investment," stated Kevan Casey, CEO of Unicorp. "As previously reported, our Walley Prospect in Greene County, Mississippi will begin producing this week at an estimated rate of 100 barrels per day, which will further add to our cash flow."
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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