Unicorp Restores Production in Welsh Field

Unicorp, Inc. began operations to restore production on two of the shut-in wells it recently acquired in its Welsh Field acquisition located in Jefferson Davis Parish, Louisiana. Current production from two active wells is approximately 42 barrels of oil per day gross (32 bopd net). Unicorp acquired a total of fifteen wells in the transaction and has identified remedial opportunities in nine of the wells.

"We acquired this field due to the upside potential of remedial work to restore production through low cost workovers and recompletions," stated Bill Dozier, COO of Unicorp. "Our plan is to maintain an active work program in order to increase production as quickly as possible”.