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On the 11 post — maybe iHub is just slow on posting. Just trying to be a little lighthearted-funny, Mojo. My comment about AF funding was meant for others entertainment purposes… you should really consider rethinking that Mexican beer though … when KBLB goes to the moon I’m hope we +++ all get together and have a good laugh about the past 14 years of investment drama in KBLB; I’d like to meet you and Bob.
Hey Mojo,
I’m seeing that you posted 11 times today — Sunday; I’m guessing there wasn’t a good football game(s) to interest you today?
A couple of Mexican beers, some nachos and a remote-control hopping channels could do wonders for your spiritual side — post church services, of course.
And, what happened to your signature — “AF funding is a slam-dunk” …. If you’ve got the “mojo” let see more of it -:)
I was going to vote for Joe, but now, I say it’s — Mojo for President
Thanks, Mojo. I need that daily “AF FUNDING IS A SLAM DUNK!!!!!!!!!” With my 4:00 beer ??. LMAO ??
One of your BEST responses ever, Bob; good on you,mate!!!
Perfect! Thanks for saying this for so many of us — 2009c !!!
Hey Mojo,
Where’s your signature “SLAMDUNK AF Funding” ??? I’m needing some humor along with your technical expertise ??
I think Kim is more in line with Hiccum's Dictum than Ockham thinking — he may be right, given the complexity of this science — JMO
Hey Bob,
Thought you might like seeing this YouTube video of the processes and automation…silk farming; sure hope to see KBLB doing it this good some day!
T2
Hey Rayo,
FYI: I spent 17 1/2 months in Vietnam in the early 70’s (71-72) — Da Nang is ~16 ° N; the DMZ (N/S) was established at 17 ° N; if I remember my flight charts correctly.
Saigon (HCMC) is 10.xx° N, 106.xx° E — more than 1000+ miles from the equator; just to be technically correct.
THANKS! es, now you're talking. Thanks for your POSITIVE and persistent efforts to keep the REAL and constructive information flowing in the RIGHT direction! I only read yours, FM, ZF, DoD, and a few others posting's and keep trying to buy more KBLB every month
You are the one who is far wiser of course, DoD; I like your way!
have you read #2629? This is last I am aware of.
You’re a genius, Duck!
Okay folks, I am only being the messenger, but here is the latest from UTOG-Mr. Smyth; this information was provided by Smyth in response to my questions about the “status” and the new Exchange process, etc.
The following email from UTOG - Mr. Smyth:
from Patrick Smyth patrick@uniontownenergy.com
reply-to patrick@uniontownenergy.com
to xxxxxxxxxxxxxxxx.com
date Fri, Mar 23, 2012 at 6:26 PM
subject RE: Attn: Patrick Smyth
Dear Mr Txxxxxxxx:
The new listing in Europe is still being finalized and we are waiting on some more information from a regulatory perspective before making any announcements about the structure of the market or shares. We are not able to provide any additional information on that front, except to say that is a progress in the works.
We understand your frustration with the delay, and please understand that we are working as quickly as possible to complete everything. We also would like you to know that we are working on additional financings to address the resumption of drilling on our Teton River project and exploration on our other properties.
In order to carry out these kinds of financings, we must make sure that all of the details of the corporate reorganization are perfect, hence the additional time required.
On an operational front, we recently announced that a private investor had provided some funding for additional work on the first well at New Miami (#42-20H) as well as permitting and rig procurement for the next two wells at New Miami. Our team in the field is working on this now.
We encountered higher than expected levels of water from our first well, #42-20H, and significant changes have been ongoing which have required the aforementioned funding. Well #42-20H now has a Halliburton “Super Pump” (patented pump GP4-17S0) on it, which specifically addresses the issues that caused some problems during completion as we are now able to handle high volumes of liquids and gas. We will now be pumping exclusively from the oily 800+ feet near the end of the well, thus eliminating the other zones that prevented pumping the fluid level down.
To date we have not produced much oil due to the reworking of the well, but expect to have positive results once the corporate reorganization is complete.
Your management team is working diligently, and is resolved to bringing success to this venture.
Regards,
Patrick Smyth
Vice President of Finance
UnionTown Energy Inc.
http://www.uniontownenergy.com
Phone: 702.583.5533 extension 888
Facsimile: 310.388.3075
I posted the FULL email response; I too am not sure about the accuracy of is first-hand, but believe Mr. Symth is attempting to provide the share holders as much information as possible; it just might be that the share holders need to wait a bit longer to see how this plays out - I am just pass on the information. I too am aware of the stream process for extracting heavy oils, as my wife is a geologist for a major oil company, though if you look at the list provided by Mr. Symth, most of the oil is WTI grade. I am currently holding 25k shares @ the $2 level, so waiting is my only option at this point.
Best of luck to ALL!
Folks, I'd like to share an email response from UTOG's CFO:
[I sent Patrick Smyth an email asking him to please update the UTOG share holders with the current business status, etc....]
Here is Patrick Smyth's response:
from Patrick Smyth patrick@uniontownenergy.com
reply-to patrick@uniontownenergy.com
to xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
date Thu, Feb 16, 2012 at 4:04 PM
subject RE: Attn: Patrick Smyth
Important mainly because of your interaction with messages in the conversation.
hide details Feb 16 (1 day ago)
Dear Sir,
Thank you for your email. The Company has previously announced that it will be listing on a major European exchange such as the London Stock Exchange or Frankfurt Exchange. The agreements are with the lawyers and we are not allowed to release the share structure, and migration of current shareholders until we have received formal clearance to do so. This should happen within the next two weeks.
We are not pleased with the recent share price, but are not surprised by this current volatility. The stock is currently trading on the grey sheet market and there is no bid/ask, making trading skewed. As we move to list on the new exchange, we will have a bid/ask and expect a resumption of normal trading.
We do not intend to re-list back on the OTCBB, as we have hit a myriad of roadblocks that have delayed us for over six months. To this date, we still have not received a reason from the S.E.C. as to the specifics as to why we were halted last year. And, as such, FINRA is unwilling to relist the Company until they know the reason. It’s a myriad of regulation and bureaucracy that seems to have become mainstream in the USA of late; something we look forward to avoiding on our new listing.
We have about $27 million in booked assets, which does not include the oil reserve potential from our four leasehold properties in Montana and Wyoming totalling over 45,000 acres. Our combined EUR reserve currently exceeds 132.8 million barrels of oil equivalent.
These unproven potential reserves are as follows:
1. New Miami 2.4 MM Barrels Light Sweet Crude
2. Musselshell 10.4 MM Barrels Light Sweet Crude
3. Teton TBD Heavy Crude
4. Darby Oil 120 MM Barrels Light Sweet Crude
5. Darby Gas 760 billion cubic feet gas
With the new European listing, we have had expressions of interest of investment from large investment banks and similar-type funds to move forward with our drilling plans. Once we are able to secure additional funding, we intend to move rapidly to develop our exploration and drilling plans to bring in revenues, as well as prove up our reserves which will add to our asset base.
UnionTown Energy remains 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 and Wyoming’s under-developed shale fields, and we're moving swiftly to build our land portfolio in the state. Both States are supportive of oil and gas activity, including the use of the latest technologies for enhancing recovery. We intend to become a solid participant in the American 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 possibly making UnionTown's return on investment very attractive.
Thank you for your continued support.
Patrick Smyth
Vice President of Finance
UnionTown Energy Inc.
http://www.uniontownenergy.com
Phone: 702.583.5533 extension 888
Facsimile: 310.388.3075
Got my VOTE!!!! 110% support for ZF!
smart suggestion ST., as usual
AMEN!!!!
I think you missed typed; gas prices at the Arco Station, 1950 Delaware Street, San Mateo, CA, phone:(650) 572-8863, is currently $3.69 (regular), not $2.69.