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
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