Unicorp Provides Update On Its St. Martinville Prospect With Potential Reserves Of 1,000,000 Barrels Of Oil

Houston, TX - Unicorp, Inc. announced recently that its St. Martinville Prospect located in St. Martin Parish, Louisiana has been drilled to 7000 feet to date. The directional drilling phase has started and will be drilled to a depth of approximately 13,000 feet to test the Marg Tex-3 sands as seen in the Trinity Resources Ranzino Well No. 1. Total reserves are estimated to be 1,000,000 barrels of oil and Unicorp will have an 18.5% net revenue interest.

"We are pleased that we have not encountered any significant drilling problems to date," stated Arthur Ley, COO of Unicorp. "We believe that we will be finished drilling and should be logging the well within three weeks at which time we will know if the well is successful."

SOURCE: Unicorp, Inc.