SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 10-QSB


[X]  Quarterly report under Section 13 or 15(d) of the Securities Exchange Act
     of 1934 for the quarterly period ended January 31, 2005

[ ]  Transition report under Section 13 or 15(d) of the Securities  Exchange Act
     of 1934 for the transition period from ______________ to ______________

                        Commission file number: 000-32763

                              UNITECH ENERGY CORP.
                     --------------------------------------
        (Exact name of small business issuer as specified in its charter)


           NEVADA                                         86-1024733
--------------------------------------------------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)
                        Suite 210, 815 10th Avenue, S.W.
                            Calgary, Alberta T2R 0B4
                   ------------------------------------------
               (Address of principal executive office) (Zip Code)

                                 (403) 461-8425
                              ---------------------
                           (Issuer's telephone number)

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

Yes X  No
   ----    ----

The number of outstanding shares of the issuer's common stock, $0.001 par value,
as of January 31, 2005 was 23,242,860.



                                       1
<PAGE>




                              UNITECH ENERGY CORP.

                                TABLE OF CONTENTS


Part I Financial
Information                                                             Page

Item 1. Financial Statements ..............................................  2

Item 2. Plan of operation.................................................. 12


Part II Other Information

Item 1. Legal Proceedings ................................................. 16
..

Item 2. Changes in Securities ............................................. 16

Item 6. Exhibits and Reports on Form 8-K .................................. 16

Signatures ................................................................ 16

                                       2
<PAGE>

ITEM 1. FINANCIAL STATEMENTS

In the opinion of management,  the accompanying  unaudited  condensed  financial
statements have been prepared in accordance with generally  accepted  accounting
principles for interim  financial  information and with the instructions to Form
10-QSB.  Accordingly,  they do not include all of the  information and footnotes
required by generally  accepted  accounting  principles  for complete  financial
statements. In the opinion of management,  all adjustments (consisting of normal
recurring  accruals)  considered  necessary  for  a  fair  presentation  of  the
Company's  financial  position  as of January 31,  2005,  and the results of its
operations  and cash flows for the three months ended January 31, 2005 have been
made.  Operating  results for the three  months  ended  January 31, 2005 are not
necessarily  indicative  of the results  that may be expected for the year ended
October 31, 2005.

These  condensed  financial  statements  should be read in conjunction  with the
financial  Statements  and notes thereto  contained in the Company's Form 10-KSB
for the year ended October 31, 2004.

                                                      UNITECH ENERGY CORPORATION
                                          Index to Interim Financial Information
                                                                     (Unaudited)
--------------------------------------------------------------------------------

Consolidated Balance Sheet -
     January 31, 2005 ....................................................  F-2

Consolidated Statements of Income (Loss):
     For the quarters ended January 31, 2005 and 2004 ..................... F-3

Consolidated Statements of Stockholders' Equity:
     For the periods ended January 31, 2005 ............................... F-4

Consolidated Statements of Cash Flows:
     For the quarters ended January 31, 2005 and 2004 ..................... F-5

Notes to Interim Financial Information:
     January 31, 2005 ..................................................... F-6



                                       3
<PAGE>
                                                      UNITECH ENERGY CORPORATION
                                                      Consolidated Balance Sheet
                                                                     (Unaudited)
--------------------------------------------------------------------------------

                                                               January 31, 2005
ASSETS                                                         ----------------
  Current assets:
    Cash and equivalents                                              $ 216,411
    Accounts receivable                                                  14,099
    Corporate income tax refundable                                       6,702
    Prepaid expenses                                                      7,148
                                                                      ---------
      Total current assets                                              244,360
                                                                      ---------

  Property and equipment:
    Unevaluated oil and gas properties                                  181,275
    Computer and office equipment, and other                            151,177
    Accumulated depreciation, depletion and amortization               (102,407)
                                                                      ---------
      Net property and equipment                                        230,045
                                                                      ---------

  Other assets:
    Deferred tax asset                                                  112,011
    Deferred registration costs                                          18,000
                                                                      ---------
                                                                        130,011
                                                                      ---------
      Total assets                                                    $ 604,416
                                                                      =========


LIABILITIES
  Current liabilities:
    Accounts payable and accrued expenses                             $  15,804
                                                                      ---------
      Total current liabilities                                          15,804
                                                                      ---------

MINORITY INTEREST                                                        55,689
                                                                      ---------

STOCKHOLDERS' EQUITY
  Common stock, par value $.001, 25,000,000 shares authorized,
     23,242,860 shares issued and outstanding                            23,243
  Capital in excess of par value                                        938,055
  Retained earnings (deficit)                                          (443,823)
  Accumulated other comprehensive income                                 15,448
                                                                      ---------
      Total stockholders' equity                                        532,923
                                                                      ---------
      Total liabilities and stockholders' equity                      $ 604,416
                                                                      =========

                                      F-2

        The accompanying notes are an integral part of these statements


                                       4
<PAGE>


                                                      UNITECH ENERGY CORPORATION
                                           Consolidated Statements of Operations
                                                                     (Unaudited)
--------------------------------------------------------------------------------
                                                    Quarter Ended January 31,
                                                  ----------------------------
                                                          2005            2004
                                                  ------------    ------------

Revenues                                          $    206,015    $     21,126
                                                  ------------    ------------

General and administrative expenses:
  Stock option compensation expense                       --              --
  Other general and administrative expenses             73,334          50,366
                                                  ------------    ------------
    Total general and administrative expenses           73,334          50,366
                                                  ------------    ------------
    Operating income (loss)                            132,681         (29,240)
                                                  ------------    ------------

Other income (expense):
  Interest income                                          816             624
  Gain (loss) on foreign exchange                          (26)           --
                                                  ------------    ------------
    Total other income                                     790             624
                                                  ------------    ------------
    Income (loss) before taxes on income               133,471         (28,616)

Provision (credit) for taxes on income:               (112,011)           --
                                                  ------------    ------------
    Income (loss) before minority interest             245,482         (28,616)

Minority interest in earnings (loss) of subsidiary      (1,005)           --
                                                  ------------    ------------
  Net income (loss)                               $    246,487    $    (28,616)
                                                  ============    ============

Basic earnings (loss) per common share            $       0.01    $      (0.01)
                                                  ============    ============

Weighted average number of shares outstanding       23,242,860       5,717,563
                                                  ============    ============

                                       F-3

        The accompanying notes are an integral part of these statements

                                       5
<PAGE>


                                                      UNITECH ENERGY CORPORATION
                                  Consolidated Statement of Stockholders' Equity
                                                                     (Unaudited)
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>


                                                                                                       Accumulated
                                                                             Capital In    Retained       Other
                                                          Common Stock        Excess Of     Earnings  Comprehensive
                                                      Shares       Amount     Par Value    (Deficit)      Income           Total
                                                  ------------ ------------ ------------ ------------ -------------- -------------
<S>                                                      <C>         <C>          <C>          <C>            <C>           <C>
 Balances, October 31, 2003, as previously
  reported                                           5,717,563 $    354,405 $       --   $   (220,526)  $       (830) $    133,049

 Effect of reverse acquisition on
  February 10, 2004, retroactively stated           (4,717,563)    (353,405)     353,405         --             --            --
                                                  ------------ ------------ ------------ ------------ --------------  ------------
Balances, October 31, 2003, as restated              1,000,000        1,000      353,405     (220,526)          (830)      133,049

Return of shares by certain shareholders              (425,000)        (425)         425         --             --            --
Forgiveness of debt by shareholder                                                19,933         --             --          19,933
30 for 1 forward split                              16,675,000       16,675      (16,675)        --             --            --
Issuance of shares to acquire Unitech Energy
  Corp. (Canada)                                     5,142,860        5,143      (25,076)        --             --         (19,933)
Sale of shares for cash in private placement           850,000          850      424,150         --             --         425,000
Share issuance expenses                                   --           --        (64,123)        --             --         (64,123)
Stock option compensation expense                         --           --        246,016         --             --         246,016
 Net income (loss)                                        --           --           --       (469,784)          --
 Net other comprehensive
   income (loss) - Foreign
   currency translation                                   --           --           --           --           24,609
     Total comprehensive income (loss)                                                                                    (445,175)
                                                  ------------ ------------ ------------ ------------ --------------  ------------
Balances, October 31, 2004                          23,242,860       23,243      938,055     (690,310)        23,779       294,767



 Net income (loss)                                        --           --           --        246,487           --
 Net other comprehensive
   income (loss) - Foreign

   currency translation                                   --              --        --           --           (8,331)
     Total comprehensive income (loss)                                                                                     238,156
                                                  ------------ ------------ ------------ ------------ --------------  ------------

Balances, January 31, 2005                          23,242,860 $     23,243 $    938,055 $   (443,823)  $     15,448  $    532,923
                                                  ------------ ------------ ------------ ------------ --------------  ------------
</TABLE>

         The accompanying notes are an integral part of these statements

                                       F-4

                                       6
<PAGE>


                                                      UNITECH ENERGY CORPORATION
                                                        Statements of Cash Flows
                                                                     (Unaudited)
--------------------------------------------------------------------------------

                                                     Quarter Ended January 31,
                                                      ----------------------
                                                           2005         2004
                                                      ---------    ---------

Cash flows from operating activities:
  Net income (loss)                                   $ 246,487    $ (28,616)

  Adjustments to reconcile net income to cash
  provided (used) by operating activities:
    Depreciation                                          5,904        3,911
    Deferred taxes on income                           (112,011)        --
  Changes in current assets and liabilities:
    Accounts receivable                                 (14,099)        (322)
    Corporate tax refundable                             (1,667)          51
    Other receivables                                     6,383          254
    Prepaid expenses                                     (4,645)        --
    Accounts payable and accrued expenses                10,467       (8,744)
    Unearned revenue                                       --            (59)
                                                      ---------    ---------

      Net cash flows from operating activities          136,819      (33,525)
                                                      ---------    ---------

Cash flows from investing activities:
  Acquisition of property and equipment                (184,431)      (1,664)
                                                      ---------    ---------

      Net cash flows from investing activities         (184,431)      (1,664)
                                                      ---------    ---------

Cash flows from financing activities:
  Increase in minority interest                          (1,006)        (937)
                                                      ---------    ---------
      Net cash flows from financing activities           (1,006)        (937)
                                                      ---------    ---------



Effect of foreign exchange translation rate changes      (7,491)        --
                                                      ---------    ---------
      Net cash flows                                    (56,109)     (36,126)

Cash and equivalents, beginning of period               272,520       91,352
                                                      ---------    ---------
Cash and equivalents, end of period                   $ 216,411    $  55,226
                                                      =========    =========

Supplemental cash flow disclosures:
  Cash paid for interest                              $    --      $    --
  Cash paid for income taxes                          $    --      $    --


         The accompanying notes are an integral part of these statements

                                       F-5

                                       7
<PAGE>

                                                      UNITECH ENERGY CORPORATION
                                         Notes to Unaudited Financial Statements
                                                                     (Unaudited)
--------------------------------------------------------------------------------


The accompanying  unaudited interim financial statements include all adjustments
which  in the  opinion  of  management  are  necessary  in  order  to  make  the
accompanying financial statements not misleading,  and are of a normal recurring
nature.  However, the accompanying unaudited financial statements do not include
all of the  information and footnotes  necessary for a complete  presentation of
financial position,  results of operations,  cash flows and stockholders' equity
in conformity with generally accepted accounting principles. Except as disclosed
herein,  there has been no material change in the  information  disclosed in the
notes to the financial  statements  included in Unitech Energy  Corp.'s  audited
financial  statements for the period ended October 31, 2004.  Operating  results
for the three months ended January 31, 2005, are not  necessarily  indicative of
the results that can be expected for the year ended October 31, 2005.

Note 1 - Reverse acquisition:
On January 31, 2004, and effective on February 10, 2004, we entered into a stock
exchange  agreement  with  Unitech  Energy  Corporation,  a Nevada  corporation,
formerly  known  as Power  Professionals,  Inc.  Under  the  agreement,  Unitech
(Nevada)  acquired  all of our  outstanding  common  stock for cash of  $385,000
(Canadian  $510,343) and 16,270,000 of Unitech Nevada's restricted common stock.
Of the 16,270,000  shares,  5,142,857  shares were newly issued,  and 11,127,143
shares were held by Unitech  (Nevada)  shareholders  and transferred  prorata to
Unitech (Canada) shareholders.  After the transaction,  our shareholders owned a
majority of Unitech Nevada's shares.  Therefore, we are considered the acquiring
company for  accounting  purposes,  and the  transaction  was accounted for as a
"reverse  merger." In the future,  financial  statements  will be presented on a
consolidated basis, and our historical results of operations and cash flows will
be presented. Our asset carrying values will carry over, similar to a pooling of
interests, and no goodwill will be reflected.

The cash portion of the  transaction  (US $385,000) was paid out of the proceeds
of a US $425,000 private placement of stock by Unitech (Nevada)  concurrent with
the acquisition described in the preceding paragraph.

Note 2 - Principles of consolidation:
The  accompanying  financial  statements  include the accounts of Unitech Energy
Corporation, a Nevada corporation, Unitech Energy Corp., a Canadian corporation,
and LogSearch, Inc., an 80%-owned subsidiary of Unitech (Canada) that was formed
in March,  2004.  The remaining 20% of LogSearch is owned by Puroil  Technology,
Inc.,  a venture  capital  company  that is 91.7%  owned by our  President.  All
intercompany transactions have been eliminated.

The minority  ownership of 20% of the  outstanding  stock of LogSearch  has been
calculated by eliminating our investment,  and by attributing 20% of LogSearch's
net income (loss) to the minority interest.

Note 3 - Unevaluated oil and gas properties:
We intend to use the  successful  efforts  method of accounting  for our oil and
natural  gas  properties.  Acquisition  costs for  proved  oil and  natural  gas
properties,  costs of drilling  and  equipping  productive  wells,  and costs of
unsuccessful   development  wells  will  be  capitalized  and  amortized  on  an
equivalent  unit-of-production  basis over the life of the remaining related oil
and gas reserves. Unproved oil and gas properties will be periodically assessed,
and any impairment in value charged to expense. The costs of unproved properties
which are determined to be productive  will be transferred to proved oil and gas
                                       F-6

                                       8
<PAGE>

Note 3 - Unevaluated oil and gas properties - continued

properties and amortized on an equivalent  unit-of-production basis. Exploratory
expenses,  including  geological and geophysical  expenses and delay rentals for
unevaluated  oil and gas  properties,  will be charged  to expense as  incurred.
Exploratory  drilling costs will be initially  capitalized as unproved  property
but  charged  to expense  if and when the well is  determined  not to have found
proved oil and gas reserves.

In January,  2005,  Unitech  (Canada)  purchased a 5% gross  overriding  royalty
interest in oil and gas property located in the province of Alberta, Canada. The
interest  covers oil and  natural  gas in the Viking  zone and does not  require
additional  funds to be  provided  by us. We expect  the  operator  to  commence
drilling on the property by March 2006. It is valued at cost.  Currently,  there
are no reserve reports or independent appraisals available for our interest, and
thus it is considered unproved and unevaluated.

Note 4 - Deferred registration costs:
Our  subsidiary,  LogSearch,  Inc., has filed a registration  statement with the
Securities  and Exchange  Commission.  In that  connection,  $18,000 of expenses
attributable  to the filing  were  incurred,  and have been  deferred  until the
shares being  registered  are sold.  At that time,  the  deferred  costs will be
charged to Capital In Excess of Par Value.

Note 5 - Stock options:
On February 10, 2004, our Board of Directors  approved the 2004 Equity Incentive
Plan.  It  authorizes  the  Board  or  a  committee  to  grant  options,   stock
appreciation  rights,  restricted  stock,  and  deferred  stock  awards  to  our
officers, other key employees,  and consultants.  A total of 2,000,000 shares of
common stock are available and reserved for issuance under the Plan. On February
10, 2004, we granted  nonqualified  options to purchase  768,800 shares at $0.18
per share. They become effective upon the Company's initial trading date. All of
the options are fully vested. A summary of options outstanding follows:



                                            Option       Intrinsic        Fair
                                             Price   Shares     Value     Value

   Options outstanding at beginning of year           -              -
   Options issued February 10, 2004:
    To employees                             $0.18   100,000   $32,000   $33,194
    To consultants                           $0.18   668,800   214,016   222,098
                                                  ---------- --------- ---------
   Options outstanding, January 31, 2005             768,800  $246,016  $255,292
                                                  ========== ========= =========


The options expire as follows:

   Expiration Date:                                   Shares
    Two years following effective date               668,800
    Upon termination of the Plan                     100,000

No Options have been granted or exercised in the period.
                                      F-7
                                       9
<PAGE>

Note 6 - General and administrative expenses:
General and administrative expenses consist of the following:

    Three Months Ended January 31:                            2005         2004
                                                      ------------ ------------
    Salaries and benefits
                                                          $      -      $21,789
    Consulting fees                                         48,827       10,333
    Rent                                                     3,586        5,153
    Depreciation and amortization                            5,904        3,911
    Professional fees                                       10,400        5,210
    Other administrative expenses                            4,617        3,970
                                                      ------------ ------------
  Total                                                    $73,334      $50,366
                                                      ============ ============

Note 7 - Corporate income tax:
The provision (credit) for corporate income tax consists of the following:

                                                       January 31,  January 31,
                                                              2005         2004
                                                      ------------ ------------
Canadian income tax provision (credit) attributable to:
  Current operations                                     ($46,904)      ($9,692)
  Benefit of net operating loss carryover                   46,904
  Nondeductible expenses                                         -            -
  Timing differences, depreciation                               -            -
  Change in deferred tax asset valuation allowance        (112,011)       9,692
  Effect of foreign exchange rate differences on
    deferred tax asset valuation allowance                       -            -
                                                      ------------ ------------
    Net income tax provision (credit)                    ($112,011) $         -
                                                      ============ ============

U.S. income tax provision (credit) attributable to:
  Current operations                                       ($1,739)  $        -
  Nondeductible expenses                                         -            -
  Change in deferred tax asset valuation allowance           1,739            -
                                                      ------------ ------------
    Net income tax provision (credit)                   $        -   $        -
                                                      ============ ============

                                      F-8
                                       10
<PAGE>

The cumulative tax effect of significant  items  comprising the net deferred tax
amount,  at the  expected  rates of 34%  (U.S.) and  33.87%  (Canadian),  are as
follows:

                                                       January 31,   January 31,
                                                              2005         2004
                                                      ------------ ------------
Deferred tax asset attributable to:
  Canadian net operating loss carryover                   $113,033      $91,796
  U.S. net operating loss carryover                         11,067            -
                                                      ------------ ------------
                                                           124,100       91,796
Deferred tax liability attributable to:
  Difference in book and tax depreciation                   (1,107)        (800)
                                                      ------------ ------------
    Net deferred tax asset                                 122,993       90,996
  Less, Valuation allowance                                (10,982)     (90,996)
                                                      ------------ ------------
    Net deferred tax asset                                $112,011   $        -
                                                      ============ ============


During the quarter  ended  January 31, 2005,  we  determined  that the valuation
allowance  applicable to the Canadian net operating  loss should be removed,  as
its  realization is now considered more likely than not. At October 31, 2004, we
had an unused U.S. net operating loss carryover approximating $27,400, which may
be used to offset future taxable income and which expires  beginning in 2024. We
also had an unused Canadian net operating loss carryover approximating $440,000,
which may be used to offset future taxable income and which expires beginning in
2008.

Note 8 - Segment information:
Management has identified the following identifiable segments of our operations,
based on the nature of operations and geographic location:

   Identity         Nature of operations                           Location
   ---------------- ---------------------------------------------- -----------
   Unitech (Canada) LeadScan  database  management  and analysis   Canada
                      system, including database
   Unitech (Nevada) Corporate management, legal parent             United States
   LogSearch        LeadScan  database  management  and analysis   United States
                      system, exluding database

The segments' accounting policies are the same as those described in the summary
of significant  accounting policies.  We evaluate performance based on profit or
loss from operations  before interest and income taxes, not including  recurring
gains and losses. The segments are managed by the same management group.

                                      F-9
                                       11
<PAGE>

Segment information is as follows:

<TABLE>
<CAPTION>


                                            Unitech        Unitech
                                            (Canada)       (Nevada)     LogSearch
   Quarter ended January 31, 2005:           Canada  United States  United States        Total
   -------------------------------- --------------- -------------- -------------- ------------
<S>                                        <C>            <C>            <C>          <C>
   Revenues from external customers        $206,015       $      -       $      -     $206,015
   Intersegment revenues                          -          4,500              -        4,500
   Interest revenue                             735              -             81          816
   Interest expense                               -              -              -            -
   Depreciation and amortization              5,904              -              -        5,904
   Segment profit (loss)                    250,492            (88)        (5,026)     245,378
   Other significant noncash items:
     Stock option compensation                    -              -              -      246,016
   Segment assets                           556,409        489,627         66,877    1,112,913
     Less, Intercompany eliminations                                                  (508,497)
                                                                                  ------------
     Consolidated totals                                                               604,416
   Capital expenditures                     184,431              -              -      184,431
   Revenue from major customers:
     Customer A                             206,105
     Customer B                                   -
     Customer C                                   -
</TABLE>


Transactions  between reportable  segments are accounted for using retail value,
if available, or fair value.

For the quarter ended  January 31, 2004, we had only 1 segment,  that of Unitech
(Canada).
                                      F-10

ITEM 2. PLAN OF OPERATION

Assuming no  revenues,  Unitech and its UCAN  subsidiary  have  sufficient  cash
resources to operate at the present level of  expenditure  for the next eighteen
(18)  months.  Depending  upon a variety of factors that may effect our business
plan and expected  operations,  we may seek to raise  additional  capital in the
future either through debt, equity or a combination of both. We may also acquire
other assets through the issuance of stock. No assurances can be given that such
efforts  will be  successful.  We have no specific  plans at present for raising
additional capital or acquiring other assets.

Management Overview

Our  company  is  attempting  to  develop  and  execute  a new type of  business
operating model within the oil and gas industry.  Traditionally, the oil and gas
industry is comprised of two main sectors:

the exploration and production companies that locate and produce oil and/or gas,
and the service  companies  that  provide the  support for the  exploration  and
production company's activities.

                                       12
<PAGE>

ITEM 2. PLAN OF OPERATION - continued

The general  understanding in the oil and gas industry is that if a company is a
service company in Canada, it cannot be an exploration  company in Canada due to
either real or perceived conflict of interest  concerns.  This has the effect of
shutting  the service  companies  out of the majority of profits made in the oil
and gas business.

Our  company is  planning  to  maximize  our  proprietary  technical  advantage,
provided by our LeadScan technology, and profitability,  by using our technology
to gain preferential  participation  agreements when operating as an exploration
and production  company in Canada.  We also plan to operate as a service company
in  the  United  States  through  our  80.95%-owned   Nevada-based   subsidiary,
LogSearch,  Inc.,  to which we have  licensed  the right to market the  LeadScan
software in the United  States.  LogSearch does not have the right to market the
digital  well log  database  because the data in the database is all Canadian in
origin  and  has  no  application  in  the  United  States.   LogSearch's  other
shareholder,  Puroil  Technology  Inc.  is 91.7%  owned by  James  Durward,  the
President  of our Company and the  President of  LogSearch.  Puroil is a venture
capital  company that finances  start-up  companies.  This  structure was put in
place in order to further  separate the  activities of UCAN and LogSearch and to
provide  additional  capital  to be  used  in the  development  of the  software
business  without  burdening  UCAN or our  Company  with the  start-up  expense.
LogSearch has filed a  registration  statement  with the intention of becoming a
reporting and publicly-traded  issuer that will not be reliant on our Company or
UCAN for its ongoing operations.

Our  100%-owned  UCAN  subsidiary  management has concluded that the best way to
maximize the profit potential of our LeadScan technology was to trade the use of
our  technology  for  preferential   participation  rights  in  exploration  and
production  prospects  in Canada and to license the  LeadScan  software in other
markets where we are not active in the  exploration  and  production  end of the
industry.  For our Canadian oil and gas  operations in Canada,  we have one main
operating  partner at this time and we plan to add another four partners  before
over  time.  We want to have  more  than  one  partner  so that we may  gain the
advantage of multiple  intellectual  exploration  approaches without most of the
expense  associated  with this  advantage.  We plan to work  with our  partner's
technical  teams in order to locate and produce  hydrocarbon  within the Western
Canadian Sedimentary Basin.

The  maturization of the Western Canadian  Sedimentary  Basin and onshore United
States means that smaller  pools of oil and/or gas are being relied upon to make
up for declining  production from currently  producing wells as they drain their
pools.  Geologists  must look at more well logs than in the past  because of the
smaller pool size and the need to find multiple  small pools in order to make up
for the production  decline of large pools. We believe that this will accelerate
the demand for our  LeadScan  system and that this will allow us to increase our
revenue base in the future.  This said, we cannot  accurately  predict when this
expected  increase would occur because we simply do not have enough  information
at this time.

The capital markets are currently active in supplying capital to the oil and gas
business  and we expect that it will remain so for the  foreseeable  future.  We
have  operating  capital  for 18 months of  operations  at the  current  rate of
expenditure and we believe we will achieve profitability within that time frame.
We also believe that we will be able to access the capital  markets in the event
we do not reach profitability within that time frame.

The effect of these trends and events on our financial  performance  are that we
are likely to see declining  cash reserves and continued  losses for the next 12


                                       13
<PAGE>

ITEM 2. PLAN OF OPERATION - continued

months  in our oil  and/or  gas  operations.  We  believe  that we will  receive
revenues  from software  license sales and that those  revenues may partially or
completely offset those losses.

Uncertainties  affecting  our  Business  and how they  relate  to our  financial
performance

Our business  model in new and untried and may not be  successful.  If we cannot
attract  partners on acceptable  terms,  and if those  partners  cannot  acquire
suitable  oil and/or gas  exploitation  rights,  we may not be able to  generate
revenues  and out  business  may run out of cash and fail.  We will not know our
business  model is performing  until at least the second quarter of 2005 as this
is when most of the drilling activity takes place in Canada.

The  following  is the history and  projected  future  activities  of Unitech in
milestone format.

   Milestones:

1. Entered into a Stock Exchange Agreement and completed a private placement.

On January 31, 2004, and effective on February 10, 2004, we entered into a stock
exchange  agreement  with  Unitech  Energy  Corporation,  a Nevada  corporation,
formerly  known  as Power  Professionals,  Inc.  Under  the  agreement,  Unitech
(Nevada)  acquired  all of our  outstanding  common  stock for cash of  $385,000
(Canadian  $510,343) and 16,270,000 of Unitech Nevada's restricted common stock.
Of the 16,270,000  shares,  5,142,857  shares were newly issued,  and 11,127,143
shares were held by Unitech  (Nevada)  shareholders  and transferred  prorata to
Unitech (Canada) shareholders.  After the transaction,  our shareholders owned a
majority of Unitech  Nevada's  shares.  An  additional  3 shares were issued for
fractional shares.

The cash portion of the  transaction  (US $385,000) was paid out of the proceeds
of a US $425,000 private placement of stock by Unitech (Nevada)  concurrent with
the acquisition described in the preceding paragraph.


2. The establishment of commercialization ventures.

Unitech,  directly  and  through its UCAN plans to enter into a variety of joint
ventures  over the next 24 months.  These joint  ventures may be in a variety of
forms, from direct participation in oil and gas prospects, to software licensing
in areas  where  Unitech  has no  underlying  database.  To this  end,  UCAN has
established  LogSearch,  Inc. to commercialize the software system in the United
States.  It is planned that the new  subsidiary  will act to  establish  channel
distribution  agreements with US distributors in order to generate revenues from
software sales.

Our agreement with our current exploration partner, Rival Energy Ltd, has had no
material  effect  on our  operations  to date as we have  not  entered  into any
drilling  agreements  and we have not yet received the Rival shares  pursuant to
the joint venture agreement. Rival has informed us that they are actively trying
to negotiate  drilling  rights on a prospect  that had its genesis in a LeadScan
search  directed  by  Rival  personnel.  Should  Rival  be able to  successfully
negotiate  the rights,  we could be called  upon to supply an unknown  amount of
capital within a short period of time or we could lose our participation rights.
In the event  that we are  successful  in raising  and  supplying  the  required
capital we would participate in the drilling of one or more wells and suffer the


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ITEM 2. PLAN OF OPERATION - continued

risks  associated  with  such  activity.  Because  we do not  know  the  capital
commitments at this time we cannot predict,  with any accuracy,  the effect that
Rival's future  activities  would have on our cash reserves or cash flows.  This
said,  we have the option of not  participating  in which  case  there  would be
virtually no effect on our cash reserves or cash flows.

In the next six (6) months,  we plan to pursue  arrangements  for the listing of
our  securities  on the NASD OTC  Bulletin  Board and the  establishment  of our
stated  business  operations.  There can be no assurance  that we shall obtain a
listing of our securities.

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PART II - OTHER INFORMATION

Item 1. Legal Proceedings
        None

Item 2. Changes in Securities
        None

Item 6. Exhibits and Reports on Form 8-K

     (a) Exhibits

     31.1 Certificate of CEO as Required by Rule 13a-14(a)/15d-14
     31.2 Certificate  of CFO as  Required  by  Rule  Rule  13a-14(b)  and  Rule
          15d-14(b)  (17 CFR  240.15d-14(b))  and Section  1350 of Chapter 63 of
          Title 18 of the United States Code
     32.1 CERTIFICATION  PURSUANT  TO 18 U.S.C.  1350,  AS ADOPTED  PURSUANT  TO
          SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
     32.2 CERTIFICATION  PURSUANT  TO 18 U.S.C.  1350,  AS ADOPTED  PURSUANT  TO
          SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     (b) Reports on Form 8-K
         None

SIGNATURE

In  accordance  with  Section 12 of the  Securities  Exchange  Act of 1934,  the
registrant caused this registration  statement to be signed on its behalf by the
undersigned, thereto duly authorized.

UNITECH ENERGY CORP.
(Registrant)

Date:  April 21, 2005

By: /s/James Durward
----------------------------
       James Durward
       President and Director

Date:  April 21, 2005

By:/s/James Durward
----------------------------
     James Durward
     Principal Accounting Officer


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