SOURCE: Wall Street News Alert

May 26, 2005 08:28 ET

Wall Street News Alert: UCPI to Utilize Satellite Geosensing Technology!

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

WESTON, FL -- (MARKET WIRE) -- May 26, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTC: UCPI), Lucent Technologies (NYSE: LU), Nortel (NYSE: NT) and Siebel Systems, Inc. (NASDAQ: SEBL).

Unicorp, Inc. (OTC: UCPI) may be one of the stocks that has the attention of aggressive investors and traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that it will utilize satellite geosensing technology on its Kentucky prospects and based upon initial results, its future development projects.

This could be welcomed news for investors! According to Harry Patrick, President of Hawkeye GEOsensing, Inc., "This is a helpful, effective and cost effective method of selecting locations where to drill and more importantly, where not to drill. According to our clients, they have been able to narrow their drilling risk by 46% by providing data where drilling should be done, thus minimizing dry holes." Mr. Patrick went on to say, "We have done over 200 applications and drillers have experienced a successful drilling ratio of over 75% using this data."

Kevan Casey, CEO of Unicorp, stated, "This is experimental technology for Unicorp to use on our Kentucky prospects. Our goal is to identify the optimal location to drill in order to obtain the maximum amount of hydrocarbons."

Investors should continue to monitor Unicorp for further developments! Satellite imaging has introduced new hydrocarbon exploration and recovery technology to the oil industry. A satellite passes over an area identified by the company and acquires the prescribed data. The information gathered by the satellite is then entered into a software program that processes a picture and forms an image based on the amount and intensity of gamma ray protons that are released above the hydrocarbon field. The final product is a map of the identified area indicating various intensities of hydrocarbons present underground.

For an in-depth profile of Unicorp, visit

Prior to the news release, the stock closed at $1.50 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: Lucent Technologies (NYSE: LU) down 1.4% on 51.4 million shares traded, Nortel (NYSE: NT) up 0.3% on 15.6 million shares traded and Siebel Systems, Inc. (NASDAQ: SEBL) down 0.3% on 12.5 million shares traded.


"Oil, once again on the rise, was up $1.48 to over $51 per barrel for July's contract. The Energy Department stated that supplies had tightened for crude but were plentiful for gasoline," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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