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OTCBB:UCPI) announced today that it has increased its working interest position in its Catfish Prospect with potential gross reserves of 2,500,000 barrels of oil. The Trust did not receive any Royalty income from the Working Interest Owner for the month of November 2006. Under the terms of the Agreement, the defaulting working interest owner has paid the amounts due for completion of the Pintail Flats #1 well to Petrosearch, and has been granted a two-week time period to settle its outstanding obligation on the Kallina 46 #1 totaling approximately $7. |
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