SOURCE: Wall Street News Alert

August 25, 2005 09:48 ET

Hot Stock Alert: Emerging Public Company Acquires Additional Interest in Abbeville Field!

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

WESTON, FL -- (MARKET WIRE) -- August 25, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTC: UCPI), Microsoft Corporation (NASDAQ: MSFT), Cisco Systems, Inc. (NASDAQ: CSCO) and Ford Motor Co.'s (NYSE: F).

Once again, Unicorp, Inc. (OTC: UCPI) could be appearing on the radar screen of aggressive investors, day traders and speculators again this morning! Yesterday after the stock markets closed, the company issued a press release announcing that it had acquired an additional 23% working interest in the Abbeville Field located in Vermillion Parish, Louisiana.

News of the additional acquisition of interest could be welcomed by investors, as Unicorp now has a total working interest of approximately 60%! "We are pleased that we were able to acquire the additional interest in this field," stated Kevan Casey, CEO of Unicorp. "We acquired our original interest in June 2005 and believe that this represents the type of acquisition that fits our strategy. We will continue to seek out acquisitions such as this that we believe will provide a positive cash flow."

Continue to watch this company! The company's press release also provides a business update for shareholders. Projects addressed include:

--- Unicorp previously announced it had obtained a farmout to drill and test the New Albany shale in Ohio County, Kentucky, which it has filed for a drilling permit and anticipates spudding the initial well in September, subject to rig availability, and is participating in a 9,000 foot well in Jefferson Davis Parish, Louisiana with reserve potential of 400,000 barrels of oil.

--- Unicorp also recently announced a 15% working interest participation in a 14,500-foot well in Brazoria County, Texas to test multiple formations with reserve potential estimated at 80 BCF of natural gas.

--- Due to the onshore projects currently available to us, Unicorp has decided not to proceed with its previously announced letter of intent to purchase a 10% interest in a 2,572-acre tract located offshore in the Galveston Area.

Investors should continue to monitor the progress of Unicorp for further developments! Earlier this month, the company announced securing a financial commitment from Cornell Capital Partners LP, that once approved, subject to certain terms and conditions that must be satisfied, will be use to continue to expand its drilling prospects.

For updated in-depth coverage and a company profile of Unicorp, visit

Prior to yesterday's press release, the stock closed at $1.30 a share.

In case you are not familiar with the companies: 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: Microsoft Corporation (NASDAQ: MSFT) down 0.2% on 63.8 million shares traded, Cisco Systems, Inc. (NASDAQ: CSCO) down 1.3% on 58.4 million shares traded and Ford Motor Co.'s (NYSE: F) up 1.2% on 21.5 million shares traded.


"Yesterday the markets once again were in retreat mode as oil hit another high of $67.40 per barrel and economic reports on housing and durable goods orders sent the indexes mixed messages," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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