SOURCE: Wall Street News Alert

January 20, 2006 09:47 ET

Aggressive Traders Alert: Emerging Public Company to Participate in Well Reentry With Targeted Reserves of 20 Bcf! January 20, 2006

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

WESTON, FL -- (MARKET WIRE) -- January 20, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTC BB: UCPI), GlobalSantaFe Corporation (NYSE: GSF), XTO Energy Inc. (NYSE: XTO) and Rowan Companies Incorporated (NYSE: RDC).

Once again, Unicorp, Inc. (OTC BB: UCPI) may be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that it has agreed to participate with a group of other oil and gas companies in the re-entry of a well that was previously drilled in the late 70s.

News of the participation may further get the attention of investors! According to the company's press release, the well is located in St. Landry Parish, Louisiana. Previously set cement plugs, which were set when the well was abandoned, will be drilled out and the well will be logged and tested for natural gas production. Current gross reserve estimates are approximately 20 billion cubic feet of natural gas.

Watch this company! "The zone we are targeting at 11,000 feet had favorable test results when originally drilled," stated Kevan Casey, CEO of Unicorp. "We will have a 25% working interest in this well and, if successful, our partners have identified additional wells on our leased acreage which are candidates for re-entry and horizontal drilling."

Investors should continue to monitor the progress of Unicorp! Earlier this week, the company announced that it had hired a new COO who is expected to be instrumental in implementing the company's oil and gas exploration and development business strategy through managing the company's existing projects and developing new prospects. Unicorp's CEO was quoted as saying, "I anticipate that he will significantly add to our prospects and production in short order."

Prior to the latest press release, the stock closed yesterday at Ninety-Five cents a share.

For an in-depth profile of Unicorp, visit

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: GlobalSantaFe Corporation (NYSE: GSF) up 2% on 3.5 million shares traded, XTO Energy Inc. (NYSE: XTO) up 0.8% on 3.2 million shares traded and Rowan Companies, Inc. (NYSE: RDC) up 5.2% on 3.3 million shares traded.


"The Labor Department also noted that for 2005 consumer prices overall rose by the largest rate in five years, partly because of spiraling interest rates and energy prices. The CPI was up by 3.4% for the 12 months ending in December. However, taking out core numbers from food and energy, the number was up only 2.2%," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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