Unitech Energy updates Keg River well completion

About this update from Decimus Oil Corp.

[{"type":"text","content":"\n\n\n\nCALGARY, Jan. 25 /CNW/ - Unitech Energy Resources Inc. ("Unitech") (TSXV:\nURX) today announces that it has been advised by the operator of its Keg River\ntest well in Northeast British Columbia that the drilling operations\nundertaken with a completion rig is believed to have penetrated the targeted\nKeg River formation. During the drilling operations, the well produced gas at\na significantly lower rate than anticipated, along with large quantities of\nwater. At the present time it is not known whether the water and gas are\ncoming from the same down hole event and logs will now be run in an attempt to\nmake this determination. Further work on the well will be determined after the\nlogs have been run.\n\n\nUnder the terms of the farm-in agreement, Unitech has now earned in 20\nBritish Columbia land Units, the equivalent of 5 sections of land as well as\nthe right to participate in any earning wells on an additional 3 sections of\nland.\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. Unitech undertakes n...

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