UnionTown Energy Inc.(fka UTOG)

[cayman_west]

"We are initiating coverage on UnionTown Energy with a Speculative Buy rating and a 12 to 18 month price target of $8.00, based on very conservative P90 reserve estimates of 136 million barrels of oil equivalent and using a $15 inground valuation per barrel of oil equivalent. We recommend the stock be purchased only by long-term investors who can tolerate above average risk and understand the risk of an in-development stage oil and gas company.

(Investrend Research Syndicate)-- Ernest C. Schlotter, a senior analyst with Zurich, Switzerland-based SISM Research and a four star analyst according to StarMine, has initiated coverage on UnionTown Energy, Inc. (OTCBB: UTOG) in an eighteen-page report dated May 6, 2011, which includes a 12- to 18-month stock target valuation and analyst's rating/recommendation.

A complimentary copy of the report, which includes important disclosures, disclaimers and analyst’s qualifications, is available for download via the SISM Research website (at http://www.sism.com/researchreportsutog.htm).