SOURCE: Stock Market Alerts

May 24, 2007 08:30 ET

Stocks Trading Report for Thursday: UCPI! May 24, 2007

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

MIAMI, FL--(Marketwire - May 24, 2007) - Stock Market Alerts' performance stock list includes: Unicorp, Inc. (OTCBB: UCPI), ConocoPhillips (NYSE: COP), Alcan Inc. (NYSE: AL), Schlumberger Limited (NYSE: SLB).

Good news keeps coming from Unicorp, Inc. (OTCBB: UCPI)! Wednesday after the stock markets closed, the company announced that its East Texas prospect located in Henderson County, Texas has been successfully logged which has indicated multiple productive zones for testing.

This could be great news. The initial well was drilled to a total depth of approximately 9,012 feet to initially test the Rodessa Bacon Lime zone. The electric log has identified up to four formations that could be productive. These are the Woodbine, Bacon Lime, Travis Peak and Duck Creek limestone formations. This prospect has the potential for seven additional wells and potential gross reserves of 1,000,000 barrels of oil and 4 Bcf of gas. If productive, the Woodbine formation could best be developed through the use of horizontal drilling. Unicorp has an approximate 21% before payout working interest and approximate 16% after payout working interest in this prospect.

"We believe this to be a significant discovery for us," stated Carl A. Chase, CFO of Unicorp. "Completion operations to test the various sands indicated on the logs are scheduled to begin within the next couple of weeks."

There has been a lot of good news from Unicorp lately. On Monday, the company announced that it has entered into a stock purchase agreement with Cornell Capital Partners, LP providing a loan to the company of up to $7,000,000, of which a debenture was issued by Unicorp to Cornell for the principal amount of $3,500,000, at the closing of which Unicorp received $3,150,000 after payment of a 10% commitment fee to Yorkville Advisors.

Last week, UCPI announced that its South Creole Prospect located in Cameron Parish, Louisiana is now online and currently producing at a rate of approximately 2.8 Mmcf per day of gross gas production and 58 barrels of condensate. This was very big news! According to the press release, at this rate, this well will double Unicorp's existing monthly revenue to over $250,000 and brings the company to profitability, excluding non-cash charges.

Three weeks ago, UCPI announced that it has elected to participate in the Catfish Prospect with potential gross reserves of 2,500,000 barrels of oil. 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.

Keep watching this one closely! The company appears to be hitting on all cylinders.

Before the latest news was released, UCPI stock closed Wednesday at thirty-six 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:

ConocoPhillips (NYSE: COP) up 1.1% on 14.5 million shares traded. ConocoPhillips is an integrated petroleum company with interests around the world.

Alcan Inc. (NYSE: AL) up 6% on 11 million shares traded. Alcan Inc. is a leading global materials company, delivering high quality products and services worldwide.

Schlumberger Limited (NYSE: SLB) up 1.8% on 9 million shares traded. Schlumberger is the world's leading oilfield services company supplying technology, information solutions and integrated project management that optimize reservoir performance for customers working in the oil and gas industry.

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 thirteen thousand and five hundred dollars in 2007 (ten thousand currently and one hundred and three 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.

The information contained in this press release is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. Stock Market Alerts LLC is an advertising company and therefore, this release should be viewed for informational purposes only.

The company relies exclusively on information gathered on the public company, such as public filings, press releases and its web sites. Investors should use the advertising information contained in this release as a starting point for conducting additional research on the public company in order to allow the investor to form his or her own opinion regarding the public company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.

Investing in the public company that this release is providing service for should be reviewed as speculative and a high-risk and may result in the loss of some or all of any investment.

This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.

Contact Information