SOURCE: Wall Street News Alert

August 29, 2006 09:44 ET

UCPI Is Still on the Move: Announces Participation in Prospect With Potential Reserves of 1,000,000 Barrels of Oil and 3 Bcf of Gas! August 29, 2006

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

WESTON, FL -- (MARKET WIRE) -- August 29, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTCBB: UCPI), Exxon Mobil Corporation (NYSE: XOM), Halliburton (NYSE: HAL) and Weatherford International Ltd. (NYSE: WFT).

Unicorp, Inc. (OTCBB: UCPI) is at it again and investors should keep an eye on the company this morning! Yesterday, after the stock markets closed, the company issued a press release announcing that it has entered into an agreement to participate in the North Laurel Ridge Prospect located in Iberville Parish, Louisiana.

News of the participation agreement could get the attention of investors! Unicorp will have a 5% working interest and an approximate 4% net revenue interest in the well.

The North Laurel Ridge Prospect will be drilled to a depth of approximately 12,300 feet to test the Cibicides Hazzardi 1 thru 5 sands updip to the KCS Claiborne Plantation Well #1 which tested at 1039 BOPD and 872 Mcfpd from the Cib.haz #4 sand. Total reserves are estimated to be 1,093,000 barrels of oil and 3.3 Bcf of gas. The well is scheduled to be drilled in early September.

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Unicorp! "Our participation in this well is a direct result of the recent drilling contract that we signed whereby we now have direct access to a rig," stated Arthur Ley, COO of Unicorp. "Our model has been to participate in many prospects to maximize our cash flow potential while minimizing the risk associated with any single well or prospect."

This is certainly not the first good news to come from Unicorp. Over the past month, the company has issued numerous press releases concerning new prospect participation agreements.

In addition, the company has recently announced that it has started producing oil from its North Edna Prospect located in Jefferson Davis Parish, Louisiana. Unicorp has a 40% before payout and a 30% after payout working interest in this prospect and stated that "This discovery is exciting because it will more than double our current revenue and we have three additional offset wells to be drilled in this field ."

Unicorp's stock closed yesterday at around Seventy Two cents a share.

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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, satellite technology 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.

Exxon Mobil Corporation (NYSE: XOM) down 0.4% on 18.1 million shares traded. Exxon Mobil Corporation is an international energy company whose subsidiaries have operations in many countries and territories.

Halliburton (NYSE: HAL) down 2.1% on 7.9 million shares traded. Halliburton is one of the largest providers of products and services to the petroleum and energy industries.

Weatherford International Ltd. (NYSE: WFT) down 3% on 2.9 million shares traded. Weatherford is one of the largest global providers of innovative mechanical solutions, technology and services for the drilling and production sectors of the oil and gas industry.

Market Commentary:

"This week look for the Personal Consumption Expenditure index numbers to come out on Thursday. The PCE is watched by the Federal Reserve as an inflation indicator. For June the index was up by 0.2% and the same is expected by economists for July," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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