Chocolate Picnic Cake

2 squares (1 ounce each) unsweetened chocolate
1 ¼ cups all-purpose flour
½ teaspoon baking soda
½ teaspoon salt
1 egg
1 cup sugar
¾ cup cold water
1/3 cup oil
1 cup (6 ounces) semisweet chocolate chips
Melt chocolate; cool for 10 minutes. Combine the flour, baking soda and salt; set aside. In a mixing bowl, beat the egg and sugar. Beat in the water and oil. Stir in melted chocolate and dry ingredients; mix until blended.
Pour into a greased 8 inch square baking pan. Sprinkle with chocolate chips. Bake at 350° for 32-38 minutes or until a toothpick comes out clean. Cool on a wire rack.