UnionTown Energy Inc.(fka UTOG)

[SimplyTx]

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 [e-mail]
reply-to [e-mail]
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: [phone] extension 888
Facsimile: 310.388.3075