CALGARY, Nov. 15 /CNW/ - Unitech Energy Resources Inc. (TSXV: URX) announces that it continues to test its two recently drilled wells on its Paddle River prospect. Both wells encountered multiple reservoirs that exhibited the expected well log characteristics. On testing, the lower zones of both wells have proven water bearing and bridge plugs have been set to isolate those zones. An upper zone has tested gas with no water but requires stimulation to determine its ultimate productivity. Testing is ongoing and a small fracture/stimulation is being designed. Unitech Energy Resources Inc. further advises that it is preparing to re-enter two wells on its Goodwin Prospect, on lands that are owned 100% by the company. Unitech Energy Resources Inc. uses LeadScan, its proprietary image analysis and pattern recognition system, to assist in its focus on high-working-interest, lower risk oil and gas plays. Unitech Energy Resources's website is www.leadscan.ca. Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, which include but are not limited to risks inherent in the oil and gas industry, regulatory and economic risks, and risks associated with the company's ability to implement its business plan. The company undertake no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. The TSX Venture Exchange has not reviewed, and does not accept responsibility for, the adequacy or accuracy of this release.