Unicorp Spuds Melville Well
Unicorp, Inc. said Monday that operations have begun to drill its Melville Prospect located in St. Landry Parish, Louisiana. The Melville Prospect will be drilled to a depth of approximately 8,000 feet to test the Nodosaria oil sand. Total reserves are estimated to be 1,750,000 barrels of oil. Unicorp will have a 12.33% working interest and an approximate 10% net revenue interest in the well.
"We are on track to drill this during the month of December as previously announced," stated Arthur Ley, COO of Unicorp. "We continue to focus on low risk prospects that can add long term cash flow to our company."
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)