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They need money to drill.
Daulton Capital Corp. Purchases 750,000 Hectares of Gold Exploration Property in Established Area of Papau New Guinea
Company makes strategic acquisition as price of gold reaches new highs.
LAS VEGAS, NEVADA--(Marketwire - May 2, 2011) - Daulton Capital Corp. (OTCBB:DUCP), a gold and precious metals exploration company, is pleased to announce that is has acquired 750,000 hectares (1,853,250 acres) in gold rich Papau New Guinea.
In a strategic partnership with South Pacific Connection Limited (ELA 1857) of Papau New Guinea, Daulton Capital Corp. has acquired 80% working interest in the Wewak Prospect.
The property is located in the world renowned Prince Alexander Mountain Range; known to be a prolific gold producing area with other current operators including Newmont Mining, Barrick Gold, Goldminex, Xstrata, Harmony Gold and Frontier Resources.
Papau New Guinea is strategically located along the Pacific Rim of Fire, the dynamic circum-Pacific volcanic belt that is host to large copper-gold porphyry systems and a number of world-class epithermal gold deposits.
Targets are very high grade epithermal and skarn gold, bulk mineable intrusive related gold and porphyry copper-gold-molybdenum deposits.
Alluvial gold is currently being worked into present day streams from extensive uplifted auriferous palaeogravels. This includes the flanks of the Jurassic metamorphic and intrusive core of the Prince Alexander Mountains. The area's gold is accompanied by traces of platinum in the area with minor primary gold and base metal mineralization associated with hydrothermally altered intrusions. The Prince Alexander Mountains has an extensive history of the locals mining of high distinction alluvial gold for decades.
A spokesperson for Daulton Capital commented, "We are looking forward to working with South Pacific Connection Limited to advance our strategically positioned Wewak Prospect and are anxious to get our work program under way as quickly as possible. Gold continues its upward thrust achieving a 7% gain in April alone, helping make our purchase potentially valuable for our shareholders."
The Company further announces that it has decided not to exercise the option agreements on the Ballarat and Hunker properties located in the Yukon and that the agreements have been mutually terminated with the leaseholder.
About Daulton Capital Corporation
Daulton Capital Corporation is a natural resource exploration company focused on precious and base metals including gold. The Company has acquired property rights in Prince Alexander Fault Range in Papau New Guinea and continues focusing on acquiring and/or funding additional resource projects.
Please visit www.daultoncapital.com for more information.
UnionTown Energy (UTOG) Announces Deployment of Drill Rig and Equipment to New Miami Property
FX Drilling Company and Weatherford International to Drill First of 17 Planned Horizontal Wells
BILLINGS, MT--(Marketwire - May 2, 2011) - UnionTown Energy Inc. (OTCBB: UTOG) is pleased to announce that the operator of the New Miami Property, Sands Oil Company, has concluded negotiations with FX Drilling Company Inc., a 100% owned subsidiary of FX Energy Inc.
FX Drilling Company will deploy the drill rig this week to begin operations at the New Miami. The drilling program for the 5,277 feet primary drill target is scheduled to start between May 11-15, 2011.
In addition, Sands Oil confirmed today that Weatherford International, a highly experienced, world-class oil and gas services company, will execute the horizontal and directional drilling component of the program.
The well to be drilled is named the New Miami #42-20H. UnionTown expects approximately 4 days of vertical drilling followed by the horizontal, directional drill program.
Under the terms of the contract, UnionTown has already placed US$800,000 into the operations account to fund the drilling program.
As previously announced, this is the first of 17 horizontal wells planned for its New Miami property. UnionTown considers this first well to have a strong probability of success as the identified drilling target is adjacent to 3 additional vertical well completions that have been drilled at New Miami in which oil and gas have been tested and/or produced from the Sun River Dolomite (Madison).
The company has reviewed reports from recent drilling activity that estimate the 1,480-acre property to contain an estimated 2.4 million recoverable barrels of oil.
The New Miami Prospect is located in the Madison Formation in an area known as the Sweetgrass Arch. The property is situated within a prolific oil and gas region, with more than 300 million barrels of oil and 500 billion cubic feet of natural gas produced to date within a 50-mile radius. Within 4 miles from the property, a single producing oil field has yielded in excess of 30 million barrels of oil.
"We are very excited to be working with FX and their service partner, Weatherford International Ltd., which are world-class, premier oil and gas service companies," said UnionTown President and CEO Darren Stevenson. "Through our recent acquisitions, we have assembled a high potential oil and gas land package with near term, drillable targets that are estimated to have recoverable reserves in excess of 132.8 million barrels of oil equivalent. In addition, we will benefit from the operator and service partner's extensive experience in drilling operations and thus are making progress towards early production."
To learn more about the New Miami Property, please visit our website at www.UnionTownEnergy.com.
If you would like to be added to UnionTown's newsletter and news-release updates, please sign up at our website at http://www.uniontownenergy.com/investors/email-alerts/.
About FX Energy Inc.
FX Energy, Inc. is an independent oil and gas exploration and production company with principal production, reserves, and exploration activities in Poland and oil production and oilfield service activities in the United States. As of December 31, 2009, the Company held oil and gas exploration rights in Poland in nine separately designated project areas consisting of approximately 4.7 million gross acres. The Company owns a 100% working interest in approximately 3.8 million gross acres. In the United States, the Company produces oil in Montana and Nevada. In Montana, the Company performs, through its drilling subsidiary, FX Drilling Company, Inc., a variety of third-party contract oilfield services, including drilling, workovers, location work, cementing and acidizing. For more information about the company, please visit www.fxenergy.com.
About Weatherford International Ltd.
Weatherford is a multinational oilfield service company established in the United States more than 60 years ago. It is one of the largest global providers of innovative mechanical solutions, technologies and services for the drilling and production sectors of the oil and gas industry. Its advanced products and services span the drilling, evaluation, completion, production and intervention cycles of oil and natural gas wells. From a strategic standpoint, Weatherford has two key objectives: efficiency and productivity. Weatherford strives for efficiency, both in terms of delivering results for its clients as well as leveraging its worldwide infrastructure. The ultimate goal in both cases is to help reduce costs and increase well productivity. Weatherford employs more than 55,000 people worldwide, operates in over 100 countries and has 900 service bases and 16 technology development and training facilities. For more information about the company, please visit www.weatherford.com.
UnionTown Energy Inc. (UTOG) Over Subscribes US$2,500,000 Private Placement, Increases Offering to US$3,000,000 at US$2.50 per Share
Deposit on Darby Property Advanced-Negotiations Under Way for Additional US$5,000,000 Financing
BILLINGS, MT--(Marketwire - Apr 27, 2011) - UnionTown Energy Inc. (OTCBB: UTOG) announced today that it has over subscribed the US$2,500,000 private placement announced on March 23, 2011.
The placement was increased to US$3,000,000 on April 21, 2011. The Company will issue 1,200,000 restricted common shares priced at US$2.50 for a financing total of US$3,000,000.
The Company will direct US$1,000,000 of the proceeds to complete the non-refundable deposit portion of the Darby Property Purchase Agreement that was entered into on April 25, 2011.
Furthermore, the Company reports that negotiations are under way for a non-brokered, private placement for aggregate gross proceeds of up to US$5,000,000.
This potential financing is the second in a series the Company is contemplating to support its growth strategy of acquiring oil and gas exploration and development properties for production. Specifically, it is being contemplated that these funds will be allocated to the Darby Miller Mountain prospect drilling program and will be counted towards the Darby block purchase price.
About UnionTown Energy Inc.
UnionTown Energy Inc. is focused on the acquisition, exploration, development and production of oil and natural gas properties. Our strategy is to build a portfolio of energy producing assets in known and producing oil and gas fields throughout North America. With the completion of our acquisitions of the Musselshell Property, New Miami Property and the Darby Block Property, we're moving rapidly to bring the first wells to production. We're also in advanced stages of acquisition of other oil and gas properties, including the Teton River, and continue to develop a pipeline of additional potential acquisitions under consideration in the continental USA. For more information about our company, please visit www.UnionTownEnergy.com.
Safe Harbor
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to UnionTown, the potential reserves, production and ability to establish wells on the Musselshell, New Miami Prospect, Darby Block Property, and the Teton River, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the nature of business negotiations, the operational details of oil and gas properties, the competitive environment within the industry, the ability of UnionTown to expand its operations, the level of costs incurred in connection with UnionTown's expansion efforts, economic conditions in the industry and UnionTown's financial strength. UnionTown does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
Been here for a long time...there is nothing going on with this company. I am only holding because I have seen these things run on promotions or get RTO'd.
Form 8-K filed for UnionTown.
Filing Date
2011-04-26
Accepted
2011-04-26 14:57:54
Documents
68
Period of Report
2011-04-08
Filing Date Changed
2011-04-26
Items
Item 1.01: Entry into a Material Definitive Agreement
Item 2.01: Completion of Acquisition or Disposition of Assets
http://www.sec.gov/Archives/edgar/data/1310482/000106299311001651/0001062993-11-001651-index.htm
Fresh Start Private Naltrexone Implant Receives Approval From BlueCross BlueShield for Claims for Its Alcohol Treatment Day-Procedure
25% of All Fresh Start Private Claims Being Processed Through BlueCross BlueShield
LOS ANGELES, CA--(Marketwire - Apr 25, 2011) - Fresh Start Private (OTCBB: CEYY), a leader in the alcohol treatment and rehabilitation industry, announced that its alcohol treatment procedure has received approval from BlueCross BlueShield for the approval of its alcohol treatment program.
The terms include commitment for prompt payment from BlueCross BlueShield.
Alcohol problems affect employees in industries from manufacturing to information technology, from the boardroom to the shop floor. Alcohol costs American employers an estimated $134 billion in productivity losses, mostly due to missed work. With a relatively small investment in effective prevention and treatment for alcohol problems, employers can reduce costs and help employees.
A Company spokesperson commented, "The wonderful thing about our procedure is it is done in about 20 minutes and patients can go back to work the following day. With any minor surgery there is some swelling, and we monitor our clients with follow up visits with our doctors. The remarkable thing is that our clients are in and out quickly, without the stigma attached to being away from their loved ones for an extended period."
About Fresh Start Private
Fresh Start Private is an alcohol addiction, alcohol withdrawal, alcohol abuse treatment and alcohol detox rehabilitation company on the leading edge of the alcohol addiction treatment. The Company has licensed a highly effective treatment that delivers target therapeutic levels of Naltrexone to significantly reduce patients' cravings for alcohol.
Please visit www.freshstartprivate.com
It's a long way back to 6 cents...sigh
you realize the company has nothing, right?
Loo - got to quotes on this page, and look at trades
Lots of form t's on the buy
Not a bad today for UTOG considering the markets did terribly with the USA's AAA credit rating downgrade, oil price drop and start of Holy Week.
UTOG Summary today
Buys 820,817
Sells 483,668
Unknown 10,038
Dear UnionTown Shareholders:
We are pleased to review our business activities to date for 2011 and share our progress on ongoing initiatives aimed at increasing shareholder value.
The past few months have been very exciting at UnionTown. Our Company has undergone positive transformation and accomplished key growth goals -- including the acquisition of two oil and gas properties -- that set the stage for further expansion and continued success. In making the decision to join UnionTown, Darren Stevenson, President and CEO, stated, "The portfolio of projects that UnionTown has access to is very exciting and for this reason I decided to join the team and ensure we complete the acquisitions and move immediately into the operations phase."
In preparation of the upcoming operations and related fundraising activities, we will be engaging with a number of independent research analysts to begin coverage of UnionTown. This activity will only help the investing public better understand our business and valuation proposition.
Our management team is fully engaged and committed to building a successful oil and gas company focused on acquisition, development and production here in North America. We have 100% confidence in our business plan and in the ability of our team to execute it profitably on behalf of our shareholders.
Our Properties
We are pleased to have completed the acquisitions of two oil and gas properties in the past week. The Musselshell and New Miami properties, both located in Montana, represent a combined estimated recoverable oil reserve of more than 12.8 million barrels. These acquisitions have added significantly to the value of Company.
Musselshell Property
Our acquisition of the Musselshell, which straddles the Heath and Amsden formations in central Montana, closed on April 6, 2011. Musselshell has an estimated recoverable oil reserve of 10.4 million barrels. The property was previously drilled and the well log results show the Heath formation to be a potential producible zone. We plan to apply horizontal drilling technology to exploit the well to its fullest potential. It has been reported that similar horizontal drilling approaches in nearby wells have achieved initial production of approximately 340 barrels of oil per day. We believe that the western half of the property, which covers the Heath, has the potential to support 16 horizontal drill sites with 2,000 foot horizontal legs. Seismic data on the eastern half of the property, which covers the Amsden, also shows exploration potential.
We will commence drilling at Musselshell later this month.
New Miami Property
We concluded our acquisition of the New Miami on April 8, 2010. This 1,480-acre property, situated in the Sweetgrass Arch area of Northwest Montana, has an estimated recoverable oil reserve of 2.4 million barrels, as stated in a third-party, non-commissioned report provided to the Company. Two of the wells have already determined the New Miami sits atop a shallow oil accumulation.
Our talented technical teams believe that the property may accommodate up to 17 shallow horizontal oil well drill zones.
Further Property Acquisitions
On April 1, 2011, we reported that we had advanced a down payment on a third oil and gas property. More details on this acquisition will be announced in the coming days.
Additionally, we are making good progress on other property acquisitions that are in the advanced stages of negotiations. Announcements on these potential acquisitions will be made as details become available.
Our intention is to continue expanding our resource holdings aggressively through acquisitions.
Financing Our Growth
Our growth strategy is based on building a base of land positions with known oil and gas formations that have the potential to be developed into producing and proven reserves.
These acquisitions are being financed by a combination of cash, restricted common stock and providing a participating net revenue interest (NRI) to the property sellers.
We have to date closed on 2 cornerstone properties using this formula. These properties now give us an adequate foundation to show real asset value that we can leverage to increase our overall financial position.
On March 23, 2011, we entered an equity financing agreement that will provide the Company with US$2.5 million in cash. This financing is being done at US$2.50 per share in return for issuance of 1 million restricted common shares. To date, the Company has been advanced US$1,280,000 against the facility.
We have used a portion of this advance to fund the initial cash component of the acquisitions and the initial operations and development programs. As well, the financing has been used to fund a down payment in trust on a third property acquisition.
Further, we are now in a position financially to advance funds to cover the cost of a drilling program on the New Miami property. We are currently finalizing details on this program. We believe these activities will result in further asset appreciation as we begin to prove up the reserves and commence production operations resulting in positive cash flows. We are now commencing discussions with financial institutions for our next stage of financial requirements.
Rest assured that we will act in your best interests at all times and as we move forward with your company, creating both growth and value.
Oil and Gas Industry
We remain committed to the oil and gas industry within the United States. There is a push to develop America's untapped energy resources and reduce our dependence on foreign oil. New technologies such as horizontal drilling and hydraulic fracturing have the potential to unlock the wealth in these reserves. Previously, it was common to recover about 20% of a reserve. Today's technology pushes recovery rates to 80% and higher. Further, the current high price of oil adds substantially to the overall opportunity.
Our company sees significant potential in Montana's under-developed shale fields, and we're moving swiftly to build our land portfolio in the state. Montana is supportive of oil and gas activity, including the use of the latest technologies for enhancing recovery. We intend to become a solid participant in Montana's energy sector and a steady oil and gas producer for many years to come.
It's clear that the oil and gas industry will play a pivotal role in supplying the world with energy far into the future. We continue to see oil prices rising making UnionTown's return on investment very attractive.
In Closing
UnionTown's management is committed to open and frequent communication with the company's shareholders and we have a strong desire to see UnionTown prosper and grow in value well into the future.
Our board hopes we have succeeded in conveying to you that 2011 is shaping up to be a momentous year for your company. We look forward to providing continued updates on UnionTown's progress and thank you for your ongoing confidence and support.
Sincerely
The Board of Directors - UnionTown Energy Inc.
Loo903 - As board moderator, I am not censoring you.
Rather, if you have had posts deleted, then that is happening because iHub believes you have violated the TOS.
Stick to the facts please, refrain from cursing and do not attack others. That's all that is asked.
As for conspiracy theories, there are people who believe Man did not land on the Moon, so who am I to comment?
How did it tank? It is up on the week and up on the year?
People took some profit on the week.
This company is long term, and day traders are doing what they do best. Get in and get out.
Property number two has closed.
http://www.marketwire.com/press-release/UnionTown-Energy-Inc-UTOG-Completes-Acquisition-of-New-Miami-Oil-Property-1425138.htm
UnionTown Energy Inc. (UTOG) Completes Acquisition of New Miami Oil Property
The Company Increases Its Overall Estimate of Recoverable Oil Reserves to Over 12.8 Million Barrels
BILLINGS, MT--(Marketwire - April 8, 2011) - UnionTown Energy Inc. (OTCBB: UTOG) is pleased to announce that it has completed its acquisition of the New Miami Property, comprising more than 1,480 gross acres in the Sweetgrass Arch area of northwest Montana.
As previously announced on March 28th, 2011, UnionTown has reviewed the reports of previously drilled wells on the property. Two of the wells have already determined the New Miami sits atop a shallow oil accumulation. The New Miami property is considered by the Company to be a high-potential acquisition that could be brought to production quickly, at low cost and low risk.
UnionTown believes that the property could accommodate up to 17 shallow horizontal oil well drill zones and may contain an estimated recoverable oil reserve of more than 2.4 million barrels, as stated in a third party, non-commission, report provided to the Company. The Company believes that its recently acquired Musselshell Property may contain an estimated recoverable oil reserve of up to 10.4 million barrels. Thus, the Company's total estimated recoverable oil reserve now exceeds 12.8 million barrels.
To date, more than 300 million barrels of oil and 500 billion cubic feet of natural gas have been produced within a 50-mile radius of the New Miami. Just 4 miles from the property, a single producing oil field has yielded in excess of 30 million barrels of oil.
Under the terms of the acquisition agreement, UnionTown has paid $300,000 cash and has committed to paying full development costs, leaving the leaseholder with a 25% net revenue interest in the property. It is estimated that drilling and completion costs for each well on the property will be approximately $1 million. The Company is planning to commence drilling activity immediately.
"The Company is pleased to complete the closing ahead of our mid-April deadline," stated Mr. Patrick Smyth, Director of Corporate Communications. "Timing is everything in Montana today. It is owing to the strong working relationships with the leaseholders and operators alike that we can seize upon these high potential prospects. We have drilling operations contractors standing by to begin the necessary work to advance these properties to production."
Added Mr. Smyth, "The IMF noted on Thursday that strong growth in oil demand from emerging market economies, combined with worries about potential supply disruptions from the Middle East, have pushed prices up more than 25% in the past year. We are pleased to be moving forward with our business plan at the right time, and Montana is the ideal place."
New Miami Geology
The Pondera field is a combination structural/stratigraphic trap, resulting from pre-Jurassic truncation and folding of the Sun River (Mississippian Madison) Dolomite. At Pondera field, the Sun River Dolomite is a very heterogeneous pay zone averaging 10 feet of pay. The Sun River Dolomite oil pool at the New Miami property was discovered in 1988 by Smoky Oil Company (True Oil Company subsidiary). The discovery well, known as the H&W Ranch #31-20, was drilled on a seismic anomaly as a 5,318 foot Cambrian basement test. Subsequent to the discovery, 3 additional vertical well completions have been drilled at New Miami, with oil and gas successfully tested or produced from the Sun River Dolomite.
About UnionTown Energy Inc.
UnionTown Energy Inc. (UTOG) is focused on the acquisition, exploration, development and production of oil and natural gas properties. Our strategy is to build a portfolio of energy producing assets in known and producing oil and gas fields throughout North America. With the completion of our acquisitions of the Musselshell Property and New Miami Property, we're moving rapidly to bring the first wells to production. We're also in advanced stages of acquisition of other oil and gas properties, and we have a pipeline of additional potential acquisitions under consideration. For more information about our company, please visit www.uniontownenergy.com.
I keep seeing posts about the money in the bank from the last Q. since then the company has added assets, received financing and more.
Does no one get this?
Crude-oil futures advanced 1% early Friday, trading at a 30-month high above $112 a barrel...Even more eye-popping were gains in Brent crude futures, which moved past $124 a barrel.
FLAPPO99 - these disclaimers are common place
Perfect answer to the form t's
the market makers were caught short when positive company news hit the wire and buyers began jumping into the stock. When this happens, their defensive move is to hold orders in-house until after the market closes in order to conceal the actual volume level during the day. In doing so, they make it appear as though trading interest in the stock is slow and low.
This tactic can obviously have a dampening effect on price, at least in the short term. But the excellent news for UTOG investors is that, despite their best efforts, the market makers failed miserably."
there are no employee options filed
Workover Crew Is Engaged to Commence Immediate Work on Property Believed to Contain an Estimated Potential 10.4 Million Barrels of Recoverable Oil According to a Recent Third Party Report
l.
The Company also reports that, immediately following the closing of this acquisition, it will begin operations to perforate the existing well to test for production.
"We have prepared and reviewed the work-over plan and our crews are ready to move the service rig immediately onto the property with the goal of making UnionTown an oil producer; we are now focused on closing additional acquisition targets."
With the completion of our acquisition of the Musselshell Property, we're moving rapidly to bring the first well to production. We're also in advanced stages of acquisition of two other oil and gas properties, and we have a pipeline of additional potential acquisitions under consideration.
UnionTown Energy Inc. Completes Acquisition of Musselshell Oil and Gas Property
Workover Crew Is Engaged to Commence Immediate Work on Property Believed to Contain an Estimated Potential 10.4 Million Barrels of Recoverable Oil According to a Recent Third Party Report
BILLINGS, MT--(Marketwire - April 6, 2011) - UnionTown Energy Inc. (OTCBB: UTOG) is pleased to announce that it has completed its acquisition and corresponding Super 8K filing with the SEC of the Musselshell Property (the "Property"), an approximately 7,000-acre central Montana site that straddles the Heath and Amsden shale formations.
As previously announced on March 17, 2011, UnionTown entered into a definitive agreement to acquire the Property, which is believed to have estimated potential oil reserves of 10.4 million barrels. These estimated reserves have been determined by an independent, third party geologist in the report titled: "Potential Reserves of the Heath and Amsden Formations in the Musselshell Prospect, Central Montana."
The Company believes the western half of the property, which covers the Heath formation, has the potential to support 16 horizontal drill sites with 2,000 foot horizontal legs. Seismic data on the eastern half of the property, which covers the Amsden formation, also shows exploration potential.
The Company also reports that, immediately following the closing of this acquisition, it will begin operations to perforate the existing well to test for production.
Under the terms of the original acquisition agreement, UnionTown was to issue 10,000,000 restricted common shares and 1,000,000 preferred shares which held only voting rights. This agreement was amended on April 5th to replace the preferred shares option with the grant of a 5 year option to the vendor, to acquire an additional 10,000,000 restricted common shares at $3.00 per share. The Company believes that this successful negotiation and amendment are seen as a strong benefit to UnionTown and its shareholders.
In return, UnionTown will receive 75% of revenues generated from the Musselshell Property, with the operator receiving a 20% carried working interest.
"We are very pleased to have completed our acquisition of Musselshell on time and expect that this will be the first of several key acquisitions to come," said Darren Stevenson, President and CEO of UnionTown Energy. "We have prepared and reviewed the work-over plan and our crews are ready to move the service rig immediately onto the property with the goal of making UnionTown an oil producer; we are now focused on closing additional acquisition targets."
About UnionTown Energy Inc.
UnionTown Energy Inc. (UTOG) is focused on the acquisition, exploration, development and production of oil and natural gas properties. Our strategy is to build a portfolio of energy producing assets in known and producing oil and gas fields throughout North America. With the completion of our acquisition of the Musselshell Property, we're moving rapidly to bring the first well to production. We're also in advanced stages of acquisition of two other oil and gas properties, and we have a pipeline of additional potential acquisitions under consideration. For more information about our company, please visit www.uniontownenergy.com.
8K filed - Completion of Acquisition or Disposition of Assets.
http://www.sec.gov/Archives/edgar/data/1310482/000106299311001349/form8k.htm
This is from the same CEO that owned 100% of the Arctic Oil and Gas rights and had 300,000 ounces of gold ready for production...LOL
Not to mention the millions is was going to raise or the stock dividends.
http://www.marketwire.com/press-release/Arctic-Oil-Gas-Corp-AOAG-Alaska-Placer-Gold-Mines-934313.htm
http://www.marketwire.com/press-release/Arctic-Oil-Gas-Estimates-Commons-Reserves-Capable-Producing-25-US-Oil-Demands-PINK-SHEETS-AOAG-828899.htm
http://www.marketwire.com/press-release/Placer-Gold-Corp-OTC-PGCR-Announces-Spin-Off-and-Special-Dividend-to-Shareholders-1237419.htm
just go to marketwire.com and type in AOAG in the search box
No clue.
How is it hyping? All advertising costs money. Do you think when Merck buys an ad in Time Magazine that it is free?
If you are suggesting that this company is a P & D, then you are sorely mistaken.
This is not a pink by the way, but a fully reporting SEC compliant corporation.
I am hopping that next week will be good once they catch up on their announcements with new filings.
buys outdid the sells today :)
plus another 140,000 on the buy side on form t's
gotta like the volume
Uniontown Energy (UTOG)
$ 1.72 ?0.02 (1.18%)
Volume: 1,389,505
UnionTown Energy Concludes Terms of Definitive Agreement to Acquire the "New Miami" Oil and Gas Property in Northern Montana
As Part the Agreement, the Company Has Issued a Non-Refundable $300,000 Advance Toward the Purchase Price
BILLINGS, MT--(Marketwire - March 31, 2011) - UnionTown Energy Inc. (OTCBB: UTOG) today announced it has reached an agreement on material terms of a definitive agreement to acquire the "New Miami" oil and gas property and issued a non-refundable advance payment of $300,000 towards the purchase price.
The closing documents are in the process of being finalized, and the agreement is slated to be completed by the middle of April 2011.
As previously reported by the Company, the northern Montana property is situated in a prolific oil and gas district, with more than 300 million barrels of oil and 500 billion cubic feet of natural gas produced to date within a 50-mile radius. Just 4 miles from the property, a single producing oil field has yielded in excess of 30 million barrels of oil.
UnionTown Energy considers the New Miami to be a high-potential acquisition that could be brought to production quickly, at low cost and low risk. Two previously drilled wells have already determined the property sits atop a shallow oil accumulation. The Company has reviewed reports from the drilling, considered to be conservative, that estimate the property contains 2.4 million recoverable barrels of oil.
UnionTown believes the property has the potential to accommodate 17 shallow horizontal oil well locations.
Oil rises past $106
Looks like Peter has a new alias
Maybe another meting will help.
The specific incentives for drilling are still being developed by the Interior Department, according to a White House fact sheet. Some, including shortening lease terms and requiring drilling to begin before an extension is granted, are already being employed for offshore leases. The department is evaluating using a graduated royalty structure to encourage more rapid production as is done in Texas, the fact sheet says.