AmericanEnergyReport.com

March 23, 2011 08:45 ET

UnionTown Energy Inc. Estimates Surge on Montana Oil Reserve Increase by Nearly 300%

AmericanEnergyReport.com Provides Investors With Early Gains

LAS VEGAS, NEVADA--(Marketwire - March 23, 2011) -

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AmericanEnergyReport.com reports that stocks aren't feeling as much pressure from higher oil prices as they did at the emergence of turmoil in Libya. Even with the situation in Japan and with higher oil prices, we still have a global economy and a U.S. economy that's expanding, not contracting. AmericanEnergyReport.com sees an emergence of small cap Energy stocks such as UnionTown Energy Inc. surging on continued strong news. While Energy stocks such as Exxon may have gained slightly, Citigroup fell 1.3% after the bank said it will execute a 1-for-10 reverse split of its stock and reinstate its dividend--its first payout to shareholders since 2009.

AmericanEnergyReport.com Alerts investors to the following issues: UnionTown Energy Inc. (OTCBB - UTOG), Citigroup Inc.(C), Bank of America(BAC), Ford Motor Co.(F), General Electric Co.(GE), Pfizer Inc.(PFE), Metlife Inc.(MET), Advanced Micro Devices Inc.(AMD), JP Morgan Chase & Co.(JPM), Alcatel-Lucent(ALU), Exxon Mobil Corp.(XOM), Petrobras(PBR), Net Savings Link Inc.(CXLT), Xsunx Inc.(XSNX) and Kunekt Corp.(KNKT).

AmericanEnergyReport.com has initiated coverage on UnionTown Energy Inc. and will provide investors with breaking coverage to make profitable trading decisions. Uniontown reported yesterday that their Montana oil reserve increased by nearly 300% to 10.4 million recoverable barrels. The report, determined by an independent, third party geoligist entitled "Potential Reserves of the Heath and Amsden Formations in the Musselshell Prospect, Central Montana."

The report states:

"The potential reserves contained within the Heath and Amsden formations in the Musselshell Prospect, Montana, have been determined with established reservoir engineering methodologies... A development program utilizing horizontal wells accompanied with stimulation could recover approximately 10.4 MMBO."

President and CEO Darren Stevenson commented, "We are absolutely delighted. This report estimates a nearly 300% increase in the amount of recoverable oil previously estimated on the property. Combined with the other oil and gas properties in our acquisition pipeline, I look forward to further increasing the Company's reserves and implementing the work programs to bring these acquisitions into production."

AmericanEnergyReport.com provided investors with the tools they needed to realize triple digit gains as demand for the company's stock soared. This was a cheap stock with terrific news and our Insiders Report was able to provide our members with the leading indicators to make profitable trading decisions.

AmericanEnergyReport.com is one of the market's most trusted small-cap research providers. We alert savvy investors to promising small-cap companies with high upside investment potential. At AmericanEnergyReport.com we believe it is easier to find a micro-cap stock, which can in a matter of days, increase its value tenfold than a big-board stock that will double over the course of a year. AmericanEnergyReport.com provides its subscribers with comprehensive public information and due diligence on small companies with very high profit potential. For more information and to become a subscriber, please visit: AmericanEnergyReport.com.

- AmericanEnergyReport.com Disclosure –

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