UnionTown Energy Inc.(fka UTOG)

[Starship099]

The oil commodity price for oil is now at the highest level in three months. It is now at $98.89 while the gas commodity price has gone the opposite direction, down. On November 9th the gas price was $2.73 and now it has dropped to $$2.60. At the local Arco station here in San Mateo on the San Francisco peninsula it is selling for $2.69 a gallon. You would not imagine this to be the case with the oil price so high. On previous occasions when oil was this high, gas was selling for $3.30 or more a gallon.

I don't know that much about the oil pumping rate for other companies; so I have no idea. With shale oil I imagine it is lower. Probably about half or less. We will have to see. Hope the news comes out soon.