Based upon cumulative production figures of similar wells in this area, it is estimated that these wells could have 125,000 BOE of reserves which equates to $165,000,000 in gross production at today's prices of $66 per barrel and assuming twenty wells are drilled and successful. There is no guarantee that these wells will be successful or that these numbers will be achieved due to production and/or price fluctuations. Unicorp's net revenue interest would equate to approximately 12% of the gross production.
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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