(a)      Business Development.



          Unioil (the “Company” or the “Issuer”) was incorporated under the laws of the State of Nevada on January 16, 1981.  The Company was organized to engage in the acquisition of undeveloped oil and gas leases for purposes of resale, farmout or trading, and to participate with others in the development of drilling prospects.  The Company made








and completed an initial public offering of its common stock in 1981.  The offering...