CALGARY, July 7 /CNW/ - Unitech Energy Resources Inc. ("Unitech") (TSXV: URX) announces that it has entered into a farm-in agreement with a private operator to drill a gas well test in the Stettler area of central Alberta. The "turnkey" agreement provides Unitech with a 25% working interest in the well and one section of land in return for a capital cost of $200,000 through drilling and completion of the well. The well is expected to spud within three weeks, targeting the Basal Quartz zone in the Lower Mannville formation.
About Unitech Energy Resources Inc.
Unitech uses its proprietary image analysis and pattern recognition system, called Leadscan, for a 'first look advantage' that drives Unitech's exploration strategy. Please visit Unitech's website at www.leadscan.ca. Shares of Unitech are listed for trading on the TSX Venture Exchange under the symbol URX.
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