Unitech Energy announces farm-in agreement

About this update from Decimus Oil Corp.

[{"type":"text","content":"\n\n\n\nCALGARY, July 7 /CNW/ - Unitech Energy Resources Inc. ("Unitech") (TSXV:\nURX) announces that it has entered into a farm-in agreement with a private\noperator to drill a gas well test in the Stettler area of central Alberta. The\n"turnkey" agreement provides Unitech with a 25% working interest in the well\nand one section of land in return for a capital cost of $200,000 through\ndrilling and completion of the well. The well is expected to spud within three\nweeks, targeting the Basal Quartz zone in the Lower Mannville formation.\n\n\nAbout Unitech Energy Resources Inc.\n\n\nUnitech uses its proprietary image analysis and pattern recognition\nsystem, called Leadscan, for a 'first look advantage' that drives Unitech's\nexploration strategy. Please visit Unitech's website at www.leadscan.ca.\nShares of Unitech are listed for trading on the TSX Venture Exchange under the\nsymbol URX.\n\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 undertakes 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\n\nThe TSX Venture Exchange has not reviewed, and does not accept\n\n\nresponsibility for, the adequacy or accuracy of this release.\n\n\n","length":2378,"tagName":"div"}]

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