Unicorp's Production Jumps 200% in a Month
Unicorp, Inc. said late Wednesday that its August 2006 production is up over 200% from the previous month of July. This increase is attributable to its North Edna Prospect production being brought online and increased production from its Abbeville Field.
"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.
- 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)