UnionTown Energy Expects Service Rig to Arrive This Week at New Miami Property

UnionTown Energy Inc. (OTCBB:UTOG,PINKSHEETS:UTOG) reported that it expects a service rig to arrive this week at New Miami property.

As quoted in the press release:

Drilling on the New Miami #42-20H well was completed on June 19, 2011. The 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.

UnionTown’s Chief Executive Officer, Michael Butterworth said:

“This is undeniably a huge milestone for our company. The New Miami #42-20H will be our company’s first producing well, and the initiation of production will formally mark our transition from an exploration-stage company to an oil producer and revenue generator.”

Click here to read the UnionTown Energy Inc. (OTCBB:UTOG,PINKSHEETS:UTOG) press release