SOURCE: Wall Street News Alert

October 05, 2005 09:52 ET

Aggressive Traders Alert: Emerging Public Company to Begin Drilling Its Unconventional Shale Gas Prospect!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- October 5, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTC: UCPI), Chesapeake Energy Corporation (NYSE: CHK), Valero Energy Corporation (NYSE: VLO) and SanDisk® Corporation (NASDAQ: SNDK).

Unicorp, Inc. (OTC: UCPI) may be on the screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that it had obtained a commitment for a drilling rig to drill its initial test well on its Hartford Prospect located in Ohio County, Kentucky.

Progression towards the drilling should be welcomed by investors, as the company intends to begin drilling the T. C. Sanderfur Well No. 1 during October 2005 to test the New Albany Shale formation to a total depth of approximately 2,700 feet.

Continue to watch this company! In addition to the New Albany Shale, the company will test the Mississippian formation which had oil shows in a well down-dip to this current location. The company has staked the well location and has received an approved drilling permit from the State of Kentucky.

Investors should continue to monitor the progress of Unicorp as the company continues towards the drilling process! "We are pleased that we have been able to obtain a drilling contractor to drill this initial test well at such a time when rigs are difficult to retain and when gas has recently been in excess of $14.00 per Mcf," stated Kevan Casey, CEO of Unicorp. "Should this well be successful, we will begin a drilling program on this prospect which would provide us an excellent drilling opportunity for the next several years. The New Albany Shale matches our corporate objective of providing long-term cash flow from low cost, low risk and long lived reserves."

For an updated and in-depth profile of Unicorp, visit

Prior to the press release, the stock closed yesterday at $1.04 a share.

In case you are not familiar with the 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 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.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Chesapeake Energy Corporation (NYSE: CHK) down 3.1% on 17.7 million shares traded, Valero Energy Corporation (NYSE: VLO) down 3% on 6.2 million shares traded and SanDisk® Corporation (NASDAQ: SNDK) up 8.6% on 20.4 million shares traded.


"The car industry is still reporting results; Ford and GM may be down for September but Toyota, up 10%, and Nissan, up a whopping 16%, are happy. Small cars and fuel economy are ruling at the pumps and consumers continue to vote with their wallets. Detroit warns that more hybrids are on the way, but not soon enough it seems," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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