Unicorp primarily engages in the acquisition, development, exploration and producing of crude oil and natural gas. It is focused on aggressively acquiring working interests in crude and natural properties with plans to explore and develop the properties using modern development techniques.
After yesterday’s closing bell, the company announced that it has completed the first phase of its remedial project on the Welsh Field, which consisted of three wells. Because of the success of the first phase, the company will immediately begin the second phase that includes repairing one shut-in well and a re-entry of a well previously drilled.
Wall Street News Alert believes this is good news as Unicorp produces oil on five other projects and has been experiencing tremendous revenue growth. Two potentially productive zones have been identified with the 8,340 foot sand being the first re-completion attempt. Wall Street News continues to alert aggressive investors to watch the company closely as oil reaches all time highs and the company’s oil production continues.
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