Business
Unitech Announces Completion of Drilling Program
Unitech Announces Completion of Drilling Program.
About this update from Decimus Oil Corp.
[{"type":"text","content":"\n\n\n\n\nCALGARY, Sept. 27 /CNW/ - Unitech Energy Resources Inc. (TSXV: URX) is\npleased to announce that it has drilled, logged and cased the first two wells\nin its Paddle River prospect located approximately 75 miles north west of\nEdmonton. The Paddle River prospect targets the Edmonton/Scollard/Belly River\nsands which are evident on logs from wells previously drilled on the subject\nlands. These wells are now awaiting completion and production testing, to be\nperformed as soon as the weather permits.\nUnitech intends to acquire additional surface leases for three more wells\nbetween its Paddle River and Goodwin prospects which are planned to be drilled\nprior to December 31, 2006.\nUnitech Energy Resources Inc. uses LeadScan, its proprietary image\nanalysis and pattern recognition system, to assist in its focus on\nhigh-working-interest, lower risk, oil and gas plays. Unitech's website is\nwww.leadscan.ca.\n\nExcept for statements of historical fact, this news release contains\ncertain \"forward-looking information\" within the meaning of applicable\nsecurities law. Forward-looking information is frequently characterized by\nwords such as \"plan\", \"expect\", \"project\", \"intend\", \"believe\", \"anticipate\",\n\"estimate\" and other similar words, or statements that certain events or\nconditions \"may\" or \"will\" occur. Forward-looking statements are based on the\nopinions and estimates of management at the date the statements are made, and\nare subject to a variety of risks and uncertainties and other factors that\ncould cause actual events or results to differ materially from those\nanticipated in the forward-looking statements, which include but are not\nlimited to risks inherent in the oil and gas industry, regulatory and economic\nrisks, and risks associated with the company's ability to implement its\nbusiness plan. The company undertake no obligation to update forward-looking\ninformation if circumstances or management's estimates or opinions should\nchange except as required by law. The reader is cautioned not to place undue\nreliance on forward-looking statements.\n\nThe TSX Venture Exchange has not reviewed, and does not accept\nresponsibility for, the adequacy or accuracy of this release.\n\n\n\n","length":2273,"tagName":"div"}]