SOURCE: UnionTown Energy Inc.

UnionTown Energy Inc.

September 06, 2011 06:30 ET

UnionTown Energy Inc. (UTOG) Moves to Final Completion of New Miami #42-20H Well; Expected to Be on Pump With Production Results Being Reported During This 4th Quarter

BILLINGS, MT--(Marketwire - Sep 6, 2011) - UnionTown Energy Inc. (OTCBB: UTOG) (PINKSHEETS: UTOG) is pleased to report that it has completed the testing and engineering phase on their completion program on the New Miami #42-20H well. The necessary components have been ordered to finalize the completion and work schedules have been set to bring this well on pump. It is expected the well will be put on pump and with production results being reported within the Company's current 4th quarter.

The oil storage tanks, treater and downhole submergible pump are now on order and are scheduled to be delivered before mid September.

Roustabout crews will tie in a water holding tank for the resulting production water at the temporary disposal well on the nearby Hanson lease until the on location water disposal well is permitted for use. Permitting is expected by late November.

Service rigs are also being scheduled which the Company expects to have onsite within the next two weeks. Once the rig is onsite, the pay zone in the horizontal leg with be acidized followed by swabbing the well again and removing the tubing. The submersible pump will then be installed and the well will be put on pump.

"I am very encouraged by the progress we have been making with the completion of our first horizontal well," said UnionTown's Chief Executive Officer Michael Butterworth. "It looks like we are very close to booking our first oil production this quarter."

Drilled between June 7 and June 19, 2011, the New Miami #42-20H well was designed to horizontally penetrate and expose approximately 2,000 feet of the Sun River Dolomite pay zone (the upper three to five feet of the Madison Formation). During the horizontal drilling process, two secondary Madison Formation pay zones were also encountered.

As previously reported on April 11, 2011, New Miami #42-20H is one of two initial wells the company plans to drill on the property, out of the total of 17 potential wells. The company considers these two wells will be lower in exploration risk as they are offset from two previous vertical wells, which have determined the presence of a shallow oil accumulation in the area.

The New Miami property comprises more than 1,480 acres in the Sweetgrass Arch area of northwest Montana.

About UnionTown Energy Inc.

UnionTown Energy Inc. is a fully reporting, exploration-stage company that is building towards becoming an oil and gas producer. We are proudly engaged in the acquisition and exploration of oil and natural gas properties located within America's borders. For more information about our company, please visit

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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 the New Miami #42-20H 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 filed on June 17, 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.

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