SOURCE: Wall Street News Alert

May 20, 2005 08:33 ET

Wall Street News Alert: UCPI Identifies Drilling Location for Its Hartford Prospect!

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

WESTON, FL -- (MARKET WIRE) -- May 20, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTC: UCPI), Microsoft (NASDAQ: MSFT), StemCells, Inc. (NASDAQ: STEM) and TASER International, Inc. (NASDAQ: TASR).

Aggressive investors and day traders may like the news that Unicorp, Inc. (OTC: UCPI) announced yesterday after the stock markets closed. The company issued a press release announcing that its geologist has identified the location for its initial well located in the New Albany Shale formation in Ohio County, Kentucky.

This could be welcomed news for investors! Unicorp will drill this well to a total depth of 2,700 feet or to a depth sufficient to adequately test the base of the New Albany Shale formation, whichever is the lesser depth. Should the well encounter natural gas reserves in commercial quantities, Unicorp will be assigned La Mesa's entire interest in approximately 7,678 acres, of which Unicorp will pay for the lease acquisition to La Mesa in the form of cash and Unicorp common stock. Unicorp will own a 100% working interest in the prospect and an 81.5% net revenue interest.

Investors should continue to monitor Unicorp for further developments! Kevan Casey, CEO of Unicorp, stated, "If this initial well is successful then we will begin a drilling program to develop the entire 7,678 acres. Based on 80 acre spacing, this property would have the potential for approximately 90 wells."

The Company anticipates that it will begin drilling this location on or before July 15, 2005.

For more in-depth coverage of Unicorp, visit

Prior to the news release, the stock closed at $1.30 a share.

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. For further information:

Stocks showing interesting activity yesterday at the close of the regular trading day were: Microsoft (NASDAQ: MSFT) up 0.8% on 51.1 million shares traded, StemCells, Inc. (NASDAQ: STEM) up 12.9% on 4 million shares traded and TASER International, Inc. (NASDAQ: TASR) up 6.2% on 8.8 million shares traded.


"The Labor Department reported that jobless claims for the week ending May 13 fell by 20,000 to 321,000; economists were expecting a drop on only 10,000 this good news was applauded by many experts," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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