SOURCE: Stock Market Alerts

May 01, 2007 09:40 ET

Special Alert Stock Watch: UCPI! May 1, 2007

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts.

MIAMI, FL--(Marketwire - May 1, 2007) - Stock Market Alerts' performance stock list includes: Unicorp, Inc. (OTCBB: UCPI), Allis-Chalmers Energy Inc. (AMEX: ALY), Devon Energy Corporation (NYSE: DVN), Rowan Companies, Inc. (NYSE: RDC).

Investors have to love the continued flow of news from Unicorp, Inc. (OTCBB: UCPI)! Monday after the stock markets closed, the company announced that it has elected to participate in the Catfish Prospect with potential gross reserves of 2,500,000 barrels of oil.

This could be great news! This prospect is located in East Texas and has in excess of 8,000 gross acres and the potential for 20 to 40 wells with estimated reserves of 125,000 barrels of oil equivalent (BOE) per well. The initial well will be a re-completion and is expected to begin during the month of June 2007. This prospect is for the shallow drilling rights, which include depths up to 10,600 feet. Unicorp will have an approximate 21% working interest before payout (16% after payout) in the initial two wells and an approximate 16% working interest in all subsequent wells in this prospect.

This continues to be a stock for aggressive investors to watch closely! The press release states that, Based upon cumulative production figures of similar wells in this area, it is estimated that these wells could have 125,000 BOE of reserves which equates to $165,000,000 in gross production at today's prices of $66 per barrel and assuming twenty wells are drilled and successful. There is no guarantee that these wells will be successful or that these numbers will be achieved due to production and/or price fluctuations. Unicorp's net revenue interest would equate to approximately 12% of the gross production.

In April, the company announced that the drilling of its initial well on its North Cayuga Prospect located in Henderson County, Texas has been successfully completed. According to that announcement, the prospect has the potential for eight wells and potential gross reserves of 1,000,000 barrels of oil and 4 Bcf of gas. Unicorp has a 21% working interest and an approximate 16% working interest after payout in that prospect.

Also last month, Market Advisors, Inc. had issued a price target of $1.05 on the company's shares. The report cites the recent 280% increase in 2006 revenues and the company's exploration and acquisition strategy as a main factor for their report.

Before the news was released, UCPI stock closed Monday at thirty-four cents a share.

For an updated and in-depth profile of Unicorp visit

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.

Other Stocks of interest yesterday were:

Allis-Chalmers Energy Inc. (AMEX: ALY) down 2.8% on 940,000 shares traded. Allis-Chalmers Energy Inc., is a Houston based multi-faceted oilfield services company that provides services and equipment to oil and natural gas exploration and production companies, throughout the United States, including Texas, Louisiana, New Mexico, Colorado, Oklahoma, Mississippi, Utah, Wyoming, the Gulf of Mexico, and internationally primarily in Argentina and Mexico.

Devon Energy Corporation (NYSE: DVN) down 0.8% on 2.9 million shares traded. Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is one of the world's leading independent oil and gas producers and is included in the S&P 500 Index.

Rowan Companies, Inc. (NYSE: RDC) down 1.5% on 4.8 million shares traded. Rowan Companies, Inc. is a major provider of international and domestic contract drilling services. The Company also owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries.

The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for Unicorp, Inc. (OTCBB: UCPI). The compensation was one hundred and three thousand and five hundred dollars in 2007 (sixteen thousand currently and eighty seven thousand and five hundred dollars previously) and one hundred and forty-nine thousand dollars in 2006 for previous advertising, all from the company Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

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