O'well, I'm not in as deep as most. I only picked up 200 shares before the delist and just decided to wait and see what was going to happen. Guess I have my answer now.
Uniontown Energy Inc. (UTOG) Featured in Montana News in Oil and Gas Industry
Thursday 9 February 2012 UnionTown Energy Inc. (PINKSHEETS: UTOG) is pleased to report that it was featured in a report done by Montana Newspapers as well as being photographed at its well, New Miami 42-20H in Pondera County. The interview was done with Patrick Smyth, VP of Finance for the Company by Darryl Flowers and was centered on UnionTown's developments in Montana. Here are some excerpts from the interview: ST: Are you currently producing oil, or drilling, in the Teton River property? Smyth: We have hit one well there (Teton #1a-10 well). We will do some more drilling there, based on our securing more financing. We are moving to a European based stock exchange which will give us access to bigger investment banks. ST: When you say "European Exchange," do you mean that as in the "Euro," or a specific exchange? Smyth: A specific exchange. A couple of examples would be the London Exchange, the Frankfurt Exchange. ST: Patrick, you are the numbers person at UnionTown. When I see an oil company, whether it's UnionTown or another player, give estimates of the oil that is recoverable at a site, I wonder how much oil you look for before you decide whether it is worth the investment to drill a well? Smyth: We know what each well will cost... Well, this is a competitive business... What we are looking for is a short term return on our investment. We look for a return in terms of months instead of year A full version of the interview may be viewed at http://fairfieldsuntimes.com/articles/2012/01/20/business/doc4f15d3cae8820517916731.txt About UnionTown Energy Inc. UnionTown Energy Inc. (UTOG) is an Independent Oil & Gas Company whose focus is the acquisition, development and production of oil and natural gas. The company has assembled four leasehold properties in Montana and Wyoming totaling over 45,000 acres with potential oil and gas prospects. UnionTown Energy Inc. is a proud member of the Montana Petroleum Association. For more information about our company, please visit www.UnionTownEnergy.com. Safe Harbor The information in this release includes forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this release. Although the Company believes that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. These forward-looking statements, specifically statements relating to expectations regarding commercial viability or production from its properties may well involve risks and uncertainties that include, among others, fluctuations in natural gas and crude oil prices; the timely receipt of necessary permits and approvals; market demand for, and/or available supplies of, energy-related products and services; unanticipated project delays, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. You should carefully review the information disclosed within the section entitled "Risk Factors" contained in the Company's Current Report on Form 10Q/A filed on September 23, 2011, as well as the information contained in this release, when assessing the Company and its business. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Patrick SmythVice President of FinanceEmail Contact
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