BILLINGS, MT — (Marketwire) — 08/25/11 — UnionTown Energy Inc. (OTCBB: UTOG) (PINKSHEETS: UTOG) is pleased to announce the appointment of Mr. Michael Butterfield as the Company–s Chief Executive Officer and to its Board of Directors.
Mr. Butterfield is a seasoned Oil and Gas industry executive with over 35 years of hands-on international experience throughout the world in places including the North Sea, Middle East, Far East, North America, Africa and South Africa. He has been involved with all facets of onshore and offshore drilling and the completion to production of over 500 wells while working for companies such as Santa Fa, Zapata Drilling, Global Marine, and ODEO Drilling.
His production operations experience comes from positions he has held at Union Gas, Occidental, and William Brothers. Most notably Mr. Butterfield oversaw the project management of the Sarah and Zella oil fields in Libya and brought on stream 2 fields with production rates in access of 500,000 barrels of oil per day.
While working at Kaplinger and Associates out of Houston Texas, he gained his experience in reservoir engineering and geophysics. When he was V.P. of Europe, based in London, he worked on joint venture drilling contracts with independent oil companies.
Mr. Butterfield has participated in the raising of over USD $200,000,000 for the drilling and development of various oil projects. He has a passion for new ventures and new technologies, founding new technologies in the area of heavy oil recovery. Most recently he has been involved with the manufacturing and implementation of oil refineries for established and emerging markets.
Right out of school and into the Royal Navy at the age of 18, Michael spent the next five years under the rigors at sea. He is a committed and disciplined individual to which he attributes his Royal Navy training.
“I am extremely pleased to join UnionTown and spearhead the go forward plan,” said Michael Butterfield. “The Company has assembled an excellent property portfolio and is at the right stage to use my skills to manage and develop these assets to their full production potential.”
Concurrently Mr. Darren Stevenson is stepping down from all of his positions at UnionTown Energy Inc. for personal reasons. The Company thanks Mr. Stevenson for his valuable contributions during a challenging and highly dynamic period which involved the acquisitions of its four major lease-hold properties through to initial drilling on the New Miami and Teton River Projects.
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 .
The information in this release includes forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “encouraged”, “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 may 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.
Contact
Patrick Smyth
Vice President of Finance
(702) 530-3241