UnionTown (OTC:UTOG) Purchases Montana Property

Shawshank, VA 5/18/2011 (PennyPayDay) -- UnionTown Energy Inc. (OTC:UTOG) announced yesterday, in a press release, that it has advanced an additional $175,000 in trust towards the close of its previously announced acquisition of the Teton River property. Teton River is an 11,000-acre oil and gas property located in northwest Montana.

UnionTown has now advanced a total of $275,000, representing the full purchase price of the property, towards the completion of the acquisition.

Under the terms of the acquisition agreement, UnionTown is required to spend an additional $1,000,000 within the next 12 months on development of the property. In return, the company will receive an 85% working interest before payout, followed by a 70% working interest after payout. The Teton River property carries a 75% net revenue interest.

"Oil exploration and development has reached an exciting stage in northwest Montana, and we consider Teton River to be a high-potential acquisition based on the production history in nearby oil fields and the well records of previous wells drilled on the property," said UnionTown President and CEO Darren Stevenson. "Moreover, Teton River is a heavy oil play, and with heavy oil currently selling for more than $US90 per barrel, we believe there is a great opportunity in developing this promising oil prospect."

Teton River is the fourth acquisition that UnionTown has undertaken in the last two months. When Teton River is combined with the three previously announced properties -- Musselshell, New Miami and Darby Block -- the total acreage under contract now exceeds 43,000. The Company believes that the Teton River geological report, which is close to completion, will significantly add to the company's estimated reserves.

For more information, please visit: www.UnionTownEnergy.com.

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Lots of Funding News for UnionTown Energy (OTC:UTOG)

Lincoln, NE 4/28/2011 (PennyPayDay) -- UnionTown Energy Inc. (OTC:UTOG) announced, in a press release, yesterday that it had over subscribed the $2,500,000 private placement announced on March 23, 2011.

The placement was increased to $3,000,000 on April 21, 2011. The Company will issue 1,200,000 restricted common shares priced at $2.50 for a financing total of $3,000,000.

The Company will direct $1,000,000 of the proceeds to complete the non-refundable deposit portion of the Darby Property Purchase Agreement that was entered into on April 25, 2011.

Furthermore, the Company reports that negotiations are under way for a non-brokered, private placement for aggregate gross proceeds of up to $5,000,000.

This potential financing is the second in a series the Company is contemplating to support its growth strategy of acquiring oil and gas exploration and development properties for production. Specifically, it is being contemplated that these funds will be allocated to the Darby Miller Mountain prospect drilling program and will be counted towards the Darby block purchase price.

UnionTown Energy is focused on the acquisition, exploration, development and production of oil and natural gas properties. For more information about the company, please visit www.UnionTownEnergy.com.

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UnionTown Energy (OTC:UTOG) Appoints New Director: +10%

Oxford, MS 3/30/2011 (Penny PayDay) -- UnionTown Energy Inc. (OTC:UTOG) today announced, in a press release, the appointment of Al Radford to the Company's Board of Directors. As I write, shares of UnionTown Energy were up 10 percent at $1.70 per share on heavy volume of just over 1 million shares. The company has a market cap of $365 million and a 52-week range between $0.38 and $2.60 per share.

According to the press release, Mr. Radford is currently the President of Formation Fluid Management Inc., a publicly traded company on the TSX Venture Stock Exchange. Previously, he was the General Sales Manager for Terroco Industries, a diversified oilfield service company, where he led an effort that grew sales from $22 million to $86 million in six years.

"Based on his extensive public company and oil industry experience, Mr. Radford will provide UnionTown Energy with strong operational management skills, business planning, reporting and corporate governance oversight," stated President and CEO Darren Stevenson. "We welcome his future contributions to our growing business, including receiving his input on key company decisions as we move forward with our business growth plan and property acquisition strategy."

For more information, please visit www.uniontownenergy.com.

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UnionTown Energy (OTC:UTOG) Appoints New Director: +7%

Oxford, MS 3/30/2011 (Penny PayDay) -- UnionTown Energy Inc. (OTC:UTOG) today announced, in a press release, the appointment of Al Radford to the Company's Board of Directors. As I write, shares of UnionTown were up 7 percent at $1.66 per share on volume of nearly 250,000 shares compared to its average daily volume of 592,000 shares. The company has a market cap of $357 million and a 52-week range between $0.38 and $2.60 per share.

"Based on his extensive public company and oil industry experience, Mr. Radford will provide UnionTown Energy with strong operational management skills, business planning, reporting and corporate governance oversight," stated President and CEO of UnionTown Energy Darren Stevenson. "We welcome his future contributions to our growing business, including receiving his input on key company decisions as we move forward with our business growth plan and property acquisition strategy."

UnionTown Energy Inc. is focused on the acquisition, exploration, development and production of oil and natural gas properties. The Company is pursuing a strategy of building a portfolio of energy producing assets in known and producing regional oil fields throughout North America.

For more information, please visit www.uniontownenergy.com.

Disclaimer: Kings of Content has been compensated three thousand dollars for coverage of Power of the Dream Ventures (PWRV) by Maxwell Media.

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