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I think AEDC just paid for a one time email promo, if there was more we would have heard more
key with promos like this is to not get sucked in during the first 10-15 minutes of trading
Anyone know the total they are spending on this promo?
NEED THE UPLIST, then all longs can finally be rewarded!
UnionTown Energy Inc. (UTOG) Begins Pumping Oil at New Miami Property in Montana
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10-31-11 6:30 AM EDT | E-mail Article
BILLINGS, MT -- (Marketwire) -- 10/31/11 -- UnionTown Energy Inc. (OTCBB: UTOG) (PINKSHEETS: UTOG) is pleased to report that it has completed Well #42-20H on its New Miami Property in Montana and commenced pumping oil, marking the first oil well that the Company has brought online for production.
The company anticipates it will take approximately ten days to stabilize the flow rate and tune the pump.
"We are thrilled to have begun producing oil at New Miami in our Company's 4th quarter," said UnionTown's Chief Executive Officer Michael Butterworth. "There is a real sense of excitement among our team as we have now officially graduated from being an exploration Company to an oil producer. This marks the crucial transition our investors have been anticipating and we look forward to bringing you similar success stories in the near future."
The New Miami #42-20H is one of two initial wells UnionTown had planned to drill at this property based on what the Company considered to be the lowest in exploration risk as they are offset from two previous vertical wells, which determined the property sits atop a shallow oil accumulation.
UnionTown estimates that its New Miami Property could accommodate as many as 17 horizontal wells. Well #42-20H was designed to horizontally penetrate and expose approximately 2,000 feet of the Sun River Dolomite pay zone (the upper three to five feet of the Madison Formation). During the horizontal drilling process, two secondary Madison Formation pay zones were also encountered.
The New Miami Property comprises more than 1,480 acres in the Sweetgrass Arch area of northwest Montana.
About UnionTown Energy Inc.
UnionTown Energy Inc. is a fully reporting, exploration-stage company that is building towards becoming an oil and gas producer. We are proudly engaged in the acquisition and exploration of oil and natural gas properties located within America's borders. For more information about our company, please visit www.UnionTownEnergy.com.
Safe Harbor
The information in this release includes forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this release. Although the Company believes that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. These forward-looking statements, specifically statements relating to expectations regarding commercial viability or production from the New Miami #42-20H well involve risks and uncertainties that include, among others, fluctuations in natural gas and crude oil prices; the timely receipt of necessary permits and approvals; market demand for, and/or available supplies of, energy-related products and services; unanticipated project delays, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. You should carefully review the information disclosed within the section entitled "Risk Factors" contained in the Company's Current Report on Form 10Q/A filed on September 23, 2011, as well as the information contained in this release, when assessing the Company and its business. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
completely agree, I am dumping my entire holding if we hit .001 and then forgetting all about EMLL
Yea I think we would have seen major gains today, if most people could actually trade the stock
144 million on bid vs 24 million on ask. problem is that most investment houses will not trade this stock at the moment...
it means you cannot buy or sell this stock if you use TD
well somebody dumping their shares today, a 50K and 100K share trade within about 2 minutes of each other. Wonder what they know that we don't...
I don't see the chance of .10, think we will hit .08 again though. if it drops below .069 I will be back in
yea I would get out now, I made a nice 10% on the pop. Thank you AERN!
this is clearly a P&D but that doesn't mean there is not an opportunity to make $$$
yea we are doing really well today...
I agree, I sold out in the .40s to make some profit but got back in at the low .20s so no I am here till we are uplisted and can see how well the company is producing. IMO I think UTOG played this very right, despite all the trouble they were given by the SEC
Damn we need to get off these greys...
Morningstar is showing UTOG at .51, up .27/110% in after hours trading today. Thought that was interesting
Has anyone heard anything about the uplist?
anyone know what is currently moving this stock?
What are people's thoughts on investors reaction to the new 10-Q. Think that is what moved UTOG yesterday?
Hello 7s!
Has FINRA come out with a final decision?
what I see going on right now is someone dumping millions of shares at a time and then someone painting the tape back to .0008 with a 25,000 share trade. It has been happening all day today and was the same yesterday.
Ahhhh KLee why would you do that to me... Still a good call in my opinion, I am gonna pick some more up today in the .30s if I can!
Nothing against you BP but to all the sellers out there I will pay .02 a share, that is 100% more than BP is offering and I will buy all you are selling!
yea I am happy I was picking up some of those .32s people were throwing away, already made a nice profit.
well my day ended very well, Thank you UTOG!
yea more hitting as we speak, I like it!
Now we just need the damn uplist...
As an investor in this company, here is my concern with the current situation. Every company I have looked into has submitted their 8K the same day they announce their management changes. I understand that you have 4 days to do it after your announcement but as a company that has already been investigated by the SEC and had trading halted, I would hope that they would have started to focus more on their paperwork side of things. Luckily for me I got into this company at a low price so my concern has not yet driven me to sell off. I do believe that this company has real potential.
it must be with something with etrade. I use scottrade and my buy order for .35 was filled within a minute earlier today.
yea I use scottrade and have never had a problem either
Thanks for the information, I will check it out
sounds like a good plan
that was my concern as well, I had been looking since yesterday but have not been able to find anything. Was just wondering if anyone saw something that I missed
Has anyone been able to find any information out about the new CEO besides what is posted in the PR. I tried searching for a while but could not find anything, everything that was coming up in my searches was from the new PR. If anyone has found anything can you please post a link. I hope he is the real deal and can take this company down the road of oil production.