Replies to post #2426 on UnionTown Energy Inc.(fka UTOG)

[dirtdog]

Of course they have oil.They just can't get the heavy crude out of the ground,worthless property,until new tech comes along which makes it profitable.Can't get New Miami to flow,it's a bust.Total disappointment,was suppose to bring in money,but it continues to cost more and more.Maybe some day they will be worth something but now we know why everyone passed on the heavy crude for 28 years,still not profitable.I believe the year end report will show no profit from New Miami and a total burn of money,so no projects can more forward and lease obligations will be lost diluted,ect.Just my opinion.