Replies to post #1805 on UnionTown Energy Inc.(fka UTOG)

[snowcat9]

New Miami was drilled around June 17th ish. They have stated that it takes 90 to 120 days for a well to be producing. This would mean some where between mid Sept. to Mid Oct. As I count on my fingers this would mean they have done exactly what they said they would do. The well must be a producer (how much, anyones guess at this point.) otherwise they would not be install a pump & equipment. Seems pretty clear to me.

[justlost]

Just curious, what are you basing this on?

This type of Oil is hard and expensive to extract