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2011 UNIN ENER : SISM Research Initiates Independent Coverage On UnionTown Energ..
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UNIN ENER : SISM Research Initiates Independent Coverage On UnionTown Energy

05/09/2011 | 05:27pm US/Eastern

(Investrend Research Syndicate)-- Ernest C. Schlotter, a senior analyst with Zurich, Switzerland-based SISM Research and a four star analyst according to StarMine, has initiated coverage on UnionTown Energy, Inc. (OTCBB: UTOG) in an eighteen-page report dated May 6, 2011, which includes a 12- to 18-month stock target valuation and analyst's rating/recommendation.

The full report includes important disclosures, disclaimers and analyst information. SISM Research advises investors to exercise a reasonable degree of due diligence before trading in the equities of any public company, including carefully reading entire analyst reports and report disclosures, and then only in conjunction with advice from a registered financial advisor or broker. SISM Research further advises that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor's total investigative process.

A complimentary copy of the report, which includes important disclosures, disclaimers and analyst's qualifications, is available for download via the SISM Research website (at http://www.sism.com/researchreportsutog.htm).

According to Schlotter's report:

"UnionTown Energy, Inc. is a rapidly growing resource player acquiring assets in the Wyoming Thrust Belt and in Montana's under-developed shale fields. The Company closed on two properties in Montana, with estimated combined conventional recoverable oil reserves exceeding 12.8 million barrels of oil. In Wyoming, UTOG has entered into a purchase agreement to acquire the Darby Block Prospect, with estimated P90 recoverable reserves of more than 134 million barrels of oil equivalent. Within the next ten days, UnionTown will begin its first horizontal drilling program, the New Miami #42-20H well, which will be vertically drilled to its primary target, the Madison Formation, at 5,277 feet, followed by the horizontal, directional drill program."

Schlotter's report also notes: "We are impressed with the speed of UnionTown's management to acquire, finance, develop and finally produce hydrocarbonate. The New Miami Property was just recently acquired, and the drilling program has already been implemented. We hope to see good results within the next few weeks when the Company, for the first time in its history, becomes a producing oil and gas company. The recent acquisition of the former Talisman Darby Block is stunning and only a fraction has to work to be a company-making asset."

SISM Research

SISM Research (http://www.sism.com) is a private investment research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995. SISM Research publishes research on micro- to small-cap companies trading on the OTC, NASDAQ, AMEX and TSX stock exchanges. SISM research coverage platforms are geared toward institutional and individual investors in both North America and in Europe. SISM Research, as a member-provider of the FIRST Research Consortium, takes steps to ensure the independence and integrity of SISM's published research that exceed those of the CFA Institute Code of Ethics and Standards of Professional Conduct and the CFA-NIRI Guidelines, by following the exacting "Standards for Independent Research Providers", which are also in accordance with guidance set forth by U.S. Securities and Exchange Commission's Advisory Committee on Smaller Public Companies.

The Investrend Research Syndicate

The Investrend Research Syndicate, a proprietary entity of Investrend Communications, Inc., distributes reports published by sources dedicated to unbiased, reliable analytics and complete transparency. The primary measure for determining those sources is the "Standards for Independent Research Providers."

"Safe Harbour" Statement

This announcement contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of UnionTown Energy, Inc., to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and UnionTown Energy, Inc., assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products and services, inability to deliver products and services when promised, inability of potential customers to pay for ordered products and services, and political and economic risks inherent in international trade.

Cautionary Note to U.S. Investors

The United States Securities and Exchange Commission permits resource companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We may use certain terms on this press release, such as those related to prospective resources, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. US investors are urged to consider closely the disclosure in our Form 10K. You can also obtain this form from the SEC by calling 1-800-SEC-0330. Additional information may be found at the SEC website.

Disclaimer

The OTC Bulletin Board Exchange has neither approved nor accepts responsibility for the adequacy or accuracy of the above news release.

Disclosure

SISM Research has researched and written this report without any input, contact, advice, or review from the company. This is done to ensure the integrity and independence of all reports undertaken by SISM Research. Any information is gathered from public sources of information including, but not limited to press releases, company Websites, and SEC filings. Youngal Group, Ltd., (a third party) has paid Investrend Communications, Inc. ("Investrend") three thousand four hundred U.S. dollars for a "distribution and visibility" program, provided by the Investrend Research Syndicate (Div., Investrend) in support of SISM's UnionTown Energy Inc's. No promise of favorable point of view or opinion was or has been made by SISM or the analyst(s) writing for SISM, to the subject company. Further, it is SISM's policy that neither the firm nor its principals, nor the firm's assigned and/or other writing analyst(s) own or trade shares of any subject companies or subject companies' "competitors". To assist the reader they should develop their own information they should go to the company website at http://www.uniontownenergy.com/.

SISM Research
Ernest C. Schlotter, (+41) 44-881-2020
research@sism.com
http://www.sism.com


© Business Wire 2011
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