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

                                 FIRST AMENDMENT

 [X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act
              of 1934 for the quarterly period ended July 31, 2004

 [ ] 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
incorporation or organization)                              Identification No.)

                        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 July 31, 2004 was 23,242,860.


                                       1
<PAGE>

                              UNITECH ENERGY CORP.

                                TABLE OF CONTENTS


Part I Financial Information                                            Page

Item 1. Financial Statements ............................................. 3

Item 2. Plan of operation ............................................... 13


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>


Part I Financial Information

Item 1. Financial Statements:

                                                      UNITECH ENERGY CORPORATION
                                          Index to Interim Financial Information
                                                                   July 31, 2004
                                                                     (Unaudited)
--------------------------------------------------------------------------------


Consolidated Balance Sheet -
     July 31, 2004 ..................................................... F-2

Consolidated Statements of Operations:
     For the nine months ended July 31, 2004 and 2003 .................. F-3
     For the quarters ended July 31, 2004 and 2003 ..................... F-4

Consolidated Statements of Stockholders' Equity:
     For the nine months ended July 31, 2004 ........................... F-5

Consolidated Statements of Cash Flows:
     For the nine months ended July 31, 2004 ........................... F-6

Notes to Interim Financial Information:
     July 31, 2004 ..................................................... F-7


                                       3
<PAGE>


                                                      UNITECH ENERGY CORPORATION
                                                      Consolidated Balance Sheet
                                                                     (Unaudited)
--------------------------------------------------------------------------------

                                                                July 31, 2004
                                                              ---------------
ASSETS
  Current assets:
    Cash and equivalents                                          $   320,484
    Corporate income tax refundable                                     4,614
    Other receivables                                                   1,862
                                                              ---------------
      Total current assets                                            326,960
                                                              ---------------

  Property and equipment, net of accumulated
    depreciation of $78,552                                            57,779
                                                              ---------------

  Other assets:
    Deferred registration costs                                        15,000
                                                              ---------------
      Total assets                                                $   399,739
                                                              ===============


LIABILITIES
  Current liabilities:
    Accounts payable and accrued expenses                         $    17,645
                                                              ---------------
      Total current liabilities                                        17,645
                                                              ---------------

MINORITY INTEREST                                                      57,403
                                                              ---------------

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)                                        (634,711)
  Accumulated other comprehensive income                               (1,896)
                                                              ---------------
      Total stockholders' equity                                      324,691
                                                              ---------------
      Total liabilities and stockholders' equity                  $   399,739
                                                              ===============

The accompanying notes are an integral part of these statements

                                       F-2

                                       4
<PAGE>


                                                      UNITECH ENERGY CORPORATION
                                           Consolidated Statements of Operations
                                                                     (Unaudited)
--------------------------------------------------------------------------------

                                                  Nine Months Ended July 31,
                                                        2004              2003
                                            ----------------- -----------------

Revenues                                       $       27,317    $       56,182
                                            ----------------- -----------------

General and administrative expenses:
  Stock option compensation expense                   246,016                 -
  Other general and administrative expenses           198,827           150,404
                                            ----------------- -----------------
    Total general and administrative expenses         444,843           150,404
                                            ----------------- -----------------
    Operating income (loss)                          (417,526)          (94,222)
                                            ----------------- -----------------

Other income (expense):
  Proceeds from settlement of lawsuit,
    net of related expenses                                 -           188,054
  Interest income                                       3,051               196
  Gain (loss) on foreign currency exchange             (1,307)                -
                                            ----------------- -----------------
    Total other income                                  1,744           188,250
                                            ----------------- -----------------
    Income (loss) before taxes on income             (415,782)           94,028

Provision (credit) for taxes on income:                     -                 -
                                            ----------------- -----------------
    Income (loss) before minority interest           (415,782)           94,028

Minority interest in loss of subsidiary                 1,597                 -
                                            ----------------- -----------------
  Net income (loss)                            $     (414,185)   $       94,028
                                           ================== =================

Basic earnings (loss) per common share         $        (0.02)   $         0.01
                                           ================== =================

Weighted average number of shares outstanding      21,052,270        17,250,000
                                          =================== =================

        The accompanying notes are an integral part of these statements

                                       F-3

                                       5
<PAGE>

                                                      UNITECH ENERGY CORPORATION
                                           Consolidated Statements of Operations
                                                                     (Unaudited)
--------------------------------------------------------------------------------

                                                    Quarter Ended July 31,
                                                        2004              2003
                                            ----------------- -----------------

Revenues                                       $            -    $       19,198
                                            ----------------- -----------------
General and administrative expenses:
  Stock option compensation expense                         -                 -
  Other general and administrative expenses            73,756            76,647
                                            ----------------- -----------------
    Total general and administrative expenses          73,756            76,647
                                            ----------------- -----------------
    Operating income (loss)                           (73,756)          (57,449)
                                            ----------------- -----------------

Other income (expense):
  Proceeds from settlement of lawsuit,
    net of related expenses                                 -                 -
  Interest income                                       1,637               195
  Gain (loss) on foreign currency exchange                  -                 -
                                            ----------------- -----------------
    Total other income                                  1,637               195
                                            ----------------- -----------------
    Income (loss) before taxes on income              (72,119)          (57,254)

Provision (credit) for taxes on income:                     -                 -
                                            ----------------- -----------------
    Income (loss) before minority interest            (72,119)          (57,254)

Minority interest in loss of subsidiary                 1,598                 -
                                            ----------------- -----------------
  Net income (loss)                            $      (70,521)   $      (57,254)
                                            ================= =================

Basic earnings (loss) per common share         $        (0.00)   $        (0.00)
                                            ================= =================

Weighted average number of shares outstanding      23,242,860        17,250,000
                                           ================== =================

        The accompanying notes are an integral part of these statements

                                       F-4


                                       6
<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)                                                                           (414,185)                 (414,185)
 Net other comprehensive
   income (loss) - Foreign
   currency translation                                                                                     (1,066)      (1,066)
                                                    ------------ ----------- ----------- ------------ ------------ ------------
Balances, July 31, 2004                               23,242,860   $  23,243   $ 938,055   $ (634,711)   $  (1,896)   $ 324,691
                                                   ============= =========== =========== ============ ============ ============
</TABLE>

        The accompanying notes are an integral part of these statements

                                      F-5


                                       7
<PAGE>

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

                                                  Nine Months Ended July 31,
                                                                       2004
                                                               -------------
 Cash flows from operating activities:
   Net income (loss)                                             $  (414,185)

   Adjustments to reconcile net income to cash
     provided (used) by operating activities:
     Depreciation                                                     13,663
     Stock option compensation expense                               246,016
   Changes in current assets and liabilities:
     Other receivables                                                  (957)
     Accounts payable and accrued expenses                             8,481
     Unearned revenue                                                 (5,492)
                                                               -------------
       Net cash flows from operating activities                     (152,474)
                                                               -------------

 Cash flows from investing activities:
   Acquisition of equipment                                          (20,952)
                                                               -------------
       Net cash flows from investing activities                      (20,952)
                                                               -------------

 Cash flows from financing activities:
   Increase in minority interest                                      57,403
   Increase in deferred registration costs                           (15,000)
   Sale of shares for cash                                           425,000
   Expenses applicable to sale of shares                             (64,123)
                                                               -------------
       Net cash flows from financing activities                      403,280
                                                               -------------


 Effect of foreign exchange translation rate changes                    (722)
                                                               -------------
       Net cash flows                                                229,132

 Cash and equivalents, beginning of period                            91,352
                                                               -------------
 Cash and equivalents, end of period                              $  320,484
                                                               =============

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

        The accompanying notes are an integral part of these statements

                                       F-6

                                       8
<PAGE>

                                                      UNITECH ENERGY CORPORATION
                                         Notes to Unaudited Financial Statements
                                                                   July 31, 2004
--------------------------------------------------------------------------------

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, 2003.  Operating  results
for the  three  and  nine  months  ended  July  31,  2004,  are not  necessarily
indicative  of the results that can be expected  for the year ended  October 31,
2004.

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 - Deferred registration costs:

Our  subsidiary,  LogSearch,  Inc., has filed a registration  statement with the
Securities  and Exchange  Commission.  In that  connection,  $15,000 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.

                                       9
<PAGE>

Note 4 - 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, July 31, 2004                 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


We account  for stock  option  grants to  employees  using the  intrinsic  value
method. Under the intrinsic value method, we recognize  compensation costs equal
to  the  difference  between  the  quoted  market  price  of  the  stock  at the
measurement date and the amount the employee must pay.  Compensation  expense of
$246,016 was recognized when the options were issued.

If we had used the  alternative  fair value method of accounting,  our pro-forma
net income  (loss) and  earnings  (loss)  per  common  share  would have been as
follows:


    Net income (loss) for the nine months ended July 31, 2004        ($414,185)
    Add, Compensation expense using the intrinsic value method         246,016
                                                                  ------------
                                                                      (168,169)
    Less, Compensation expense using the fair value method            (255,292)
         Pro-form net income (loss)                                  ($423,461)
                                                                  ============
    Basic and diluted earnings per share:
      As reported                                                       ($0.02)
                                                                  ============
      Pro-forma                                                         ($0.02)
                                                                  ============

    Weighted average number of shares outstanding                   21,052,270
                                                                  ============

                                       10
<PAGE>

Note 4 - Stock options - continued

The options have not been  considered in the  computation of earnings per share,
because we  incurred a loss during the period,  and their  inclusion  would have
been antidilutive.

The fair  value of the  options on the issue  date was  estimated  using a Black
Scholes option pricing model, using the following assumptions:


    Dividend yield                                           0.00%
    Volatility                                              0.001%
    Risk-free interest rate                                  2.33%
    Expected lives of contracts                         3.00 years
    Assumed market value per share at date of grant,
      based on private placement                             $0.50


The weighted  average fair value of the options granted on February 10, 2004 was
$0.332 per option at the date of grant.

Note  5 -  General  and  administrative  expenses:  General  and  administrative
expenses consist of the following:

Nine Months Ended July 31:                                    2004        2003
                                                       ----------- -----------
    Salaries and benefits                                  $21,408     $59,771
    Consulting fees                                         94,143      41,214
    Rent                                                    17,270      10,663
    Depreciation and amortization                           13,663      11,640
    Professional fees                                       31,829       8,953
    Other administrative expenses                           20,514      18,163
                                                       ----------- -----------
    Total                                                 $198,827    $150,404
                                                       =========== ===========

Note 6 - 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             Canada
                        analysis  system, including database
    Unitech (Nevada)    Parent company, corporate management     United States
    LogSearch           LeadScan  database  management  and      United States
                        analysis  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.



                                       11
<PAGE>

Note 6 - Segment information - continued

<TABLE>
<CAPTION>
Segment information is as follows:
                                       Unitech
                                       (Canada)     Unitech
                                        Canada     (Nevada)       LogSearch
  Nine months ended July 31, 2004:               United States   United States       Total
<S>                                    <C>            <C>             <C>          <C>
  Revenues from external customers     $27,317        $      -        $      -     $27,317
  Intersegment revenues                      -               -               -           -
  Interest revenue                       2,957               -              94       3,051
  Interest expense                           -               -               -           -
  Depreciation and amortization         13,663               -               -      13,663
  Segment profit (loss)               (151,144)       (256,653)         (7,985)   (415,782)
  Other significant noncash items:
    Stock option compensation                -         246,016               -     246,016
  Segment assets                       348,447         488,496          71,293     908,236
    Less, Intercompany eliminations                                               (508,497)
    Consolidated totals                                                            399,739
  Capital expenditures                  20,952               -               -      20,952
  Revenue from major customers:
    Customer A                               -
    Customer B                           8,348
    Customer C                           8,348
</TABLE>


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

For the period  ended  July 31,  2003,  we had only 1  segment,  that of Unitech
(Canada).


                                       12
<PAGE>


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.

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.

                                       13
<PAGE>

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
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 first 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.


                                       14
<PAGE>

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
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

Form 8-K as filed on, February 13, 2004, as amended on April 7, 2004,  April 14,
2004.June 30, 2004 and July 23, 2004

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:  March 28, 2005

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

Date:  March 28, 2005

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


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