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Press Release Source: One Voice Technologies, Inc.
One Voice Demonstrates Voice Control for Windows Vista at EHX Fall 2006
Wednesday November 15, 12:05 pm ET
LONG BEACH, Calif.--(BUSINESS WIRE)--One Voice Technologies, Inc. (OTCBB: ONEV - News), developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets, today announced that it will be demonstrating its new Media Center Communicator(TM) v3 for Windows Vista at today's EHX Fall 2006 tradeshow, held November 15-17 at the Long Beach Convention Center in Long Beach, California. One Voice will be exhibiting in the Media Center Pavilion, booth #1317H. Attendees and press will get a first-hand look at this exciting voice control product for Microsoft Windows Vista. Media Center Communicator v3 for Windows Vista will be available for purchase beginning January 2007. For more information regarding EHX Fall 2006, please visit http://www.ehxweb.com.
"EHX Fall 2006 is a great venue for One Voice to debut our Windows Vista version of Media Center Communicator," said Dean Weber, president and CEO at One Voice Technologies. "In addition, One Voice will begin taking orders for OEM bundles of Media Center Communicator plus our new My Voice Remote(TM). MSRP for the bundle is set at $249.95. The My Voice Remote has been a tremendous hit with our OEM partners giving users a 100+ foot range for voice control of Media Center and Skype phone calling from anywhere inside or outside your house. This is a great bundle for a wireless Skype microphone with 100+ foot range and voice control for Media Center all for a very affordable price."
About Media Center Communicator
Imagine walking into your home and using your voice to tell your Media Center to play MP3 or iTunes music, call to order a pizza(1), set the thermostat or home theater lighting, play a photo slideshow, watch and record live TV, read and send E-mail or video chat with a friend. Media Center Communicator delivers on this vision today! For more information, please visit http://www.onev.com/mcc or for an online demonstration go to http://www.onev.com/videos/mccoverview.wmv
Features include:
Simple to use voice commands with no voice training required
High accuracy with wide range of accents
Play MP3 or Apple iTunes music using voice commands
PC-to-Phone calling using Skype to anywhere worldwide
Home automation for setting thermostats, lighting, security cameras and much more
Read and send email
View photos and photo slideshows
Create your own custom voice macros to launch websites and applications
Works with Windows XP Media Center DVD players (Sony and Niveus)
USB microphone included
About One Voice Technologies, Inc.
One Voice Technologies, Inc. (OTCBB: ONEV - News) is the world's first developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets. Our Intelligent Voice(TM) solutions employ revolutionary, patented technology that allows people to send messages (E-mail, SMS, Instant Messaging and paging), purchase products, get information and control devices - all by using their voice. The company is headquartered in La Jolla, California. For more information, please visit http://www.onev.com
FORWARD-LOOKING STATEMENT DISCLAIMER
Some of the statements made in this press release discuss future events and developments, including our future business strategy and our ability to generate revenue, income and cash flow, and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These "forward-looking" statements can generally be identified by words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," and similar expressions. These statements involve a high degree of risk and uncertainty that exists in the Company's operations and business environment and are subject to change based on various factors that could cause actual Company results, performance, plans, goals and objectives to differ materially from those contemplated or implied in these forward-looking statements. Actual results may be different from anticipated results for a number of reasons, including the Company's new and uncertain business model, uncertainty regarding acceptance of the Company's products and services and the Company's limited operating history.
Media Center Communicator and My Voice Remote are trademarks of One Voice Technologies, Inc. All other products and company names herein may be trademarks of their registered owners.
(1) Skype feature sold separately. For information and pricing on Skype, visit www.skype.com
Contact:
INVESTOR RELATIONS:
The Cervelle Group
Rob Karbowsky, 407-475-9966
Fax: 407-475-9859
rob@thecervellegroup.com
--------------------------------------------------------------------------------
Source: One Voice Technologies, Inc.
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GEH, even though the new wells aren't "stabilized" to where
they can report such and such volume per day, to your knowledge are they getting some product out of the ground and into the pipeline?
TIA.
GLTA.
Well, IF one believes that this is basically an
ASSET play, and since it seems that this is trading at less than book(asset) value, then from that viewpoint,this is
another buying opportunity..... those waiting for production/income still must wait...how long? UNKNOWN.
The sun will come out tomorrow.... unless it's cloudy
:)
GLTA.
This has got to be worth
.01 minimum.... IMO
GLTA.
Schwab now showing BID .20/ASK .50(EOM).
ctb.... could it be that they go ahead and get the drilling done, thereby "proving up" the reserves(building the assets)
without being in any rush to get short term income by putting
output into distribution. I mean that some current income is fine, but the emphasis (IMO) is on building up the salable assets when the next crisis makes the assets even more valuable.
This is all guesswork on my part, but this could explain the
infuriating(to the traders) situation we have now, product that is Sooooo close to ready to sell, or maybe is selling in dribs and drabs,but nothing to move the SP, just an occasional "teaser" PR.
We shall see.
GLTA.
I'm thinking that this company does not have a major interest
in turning all its assets into income producers at this time....... more of an asset play.....sell shares to get
money to pay for assets, be they acreage or drill rigs...
then at some point sell the whole thing to Devon or the like.
We shall see...
GLTA.
Press Release Source: Victory Energy Corporation
Victory Energy Announcement
Friday November 10, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Nov 10, 2006 -- Victory Energy Corporation (OTC BB:VTYE.OB - News) -- The Board of Directors announced today that the Company will effect a 25:1 reverse split of its common stock.
The new CUSIP number for the common stock is: 92643X206.
The new stock symbol for the common stock is: VYEY.
The effective date of the reverse split is at the open of business November 10, 2006.
All fractional shares shall be rounded up to the nearest whole share.
All shares must be tendered to the transfer agent in physical format for exchange by the transfer agent into new consolidated shares of the company.
Interwest Transfer Company Inc.
1981 East Murray Holladay Rd.
P.O. Box 17136
Salt Lake City, Utah 84117
Phone: 801-272-9294
Fax: 801-277-3134
"The intent and purpose of this restructuring is to allow the company to facilitate its financing plans, which will enable the development of the existing oil and gas properties the Corporation currently has underway, thus benefiting long term shareholders," states Jon Fullenkamp, Chief Executive Officer of Victory Energy Corporation. "Additionally, the Corporation can aggressively position itself to close other properties currently in negotiations, the most promising being a large prospect located in the West Texas Palo Duro Basin."
About Victory Energy Corporation: Victory Energy Corporation (http://www.vtye.com) is a publicly traded, developmental stage petroleum company primarily dedicated to energy related opportunities. The Company goal is to evaluate profitable options, develop a solid foundation through leadership and sound business acumen, and acquire producing wells as well as other potentially profitable prospects within the Oil & Gas Industry.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements.
Contact:
Contact:
Victory Energy Corporation
Investor Relations
Lynne Folks
(949) 348-0213
--------------------------------------------------------------------------------
Source: Victory Energy Corporation
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Press Release Source: Eldorado Exploration, Inc.
Eldorado Commences Drilling in New Mexico
Thursday November 9, 9:00 am ET
IRVINE, Calif., Nov. 9 /PRNewswire-FirstCall/ -- Eldorado Exploration, Inc. (Pink Sheets: EDEX - News) announced today that it has begun drilling its Mesa prospect in Roosevelt County New Mexico. The Mesa well will drill to 7200 ft to test a potential Canyon reef gas zone at 6000 ft and a Montoya Dolomite section at 7200 ft that may contain oil and gas. The company has a 33% working interest in 11,300 acres across the heart of the prospect.
The potential reef gas play was found using Passive Induced Polarization (PIP) and passive reflection seismology in combination with supportive subsurface geology. Eldorado has also identified 2 additional large structures west of the Mesa well and has leased over 28,000 acres covering the middle of both prospects. Each successful gas well would be spaced on 160 acres and each oil well would be spaced from 40 to 80 acres.
The company's other well, drilling in Hardeman County Texas, will reach a total depth of 8700 ft about the same time as the Mesa well near the end of November. If the Hardeman well is completed as a producer, Eldorado will participate in two additional wells immediately using the same Hardeman drilling rig on PIP and 3-D seismic mapped reef anomalies on nearby leases.
Eldorado Exploration, Inc. is an independent oil and gas company that utilizes a process called Passive Induced Polarization 'PIP' to detect electromagnetic signals given off of some geological anomalies. In most cases a positive response indicates a hydrocarbon accumulation and a negative reading almost is always a dry hole. When used with the standard geological tools and methods, the PIP process enhances the odds of success for discovering oil and gas.
For further information about the company visit www.eldoradoexploration.com or email at eldoex@yahoo.com
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that Eldorado Exploration is a non-reporting Pink Sheets company and is not required to be registered with the Securities and Exchange Commission.
Contact Information:
David T. (Tom) Laurance (949) 916-0680
--------------------------------------------------------------------------------
Source: Eldorado Exploration, Inc.
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Rig is where? MESA?
GLTA.
Not being any kind of expert, I would just say that they are,
IMO, exhanging future (almost unlimited) major dilution for debt.
I view this as positive.
I'd like other opinions.
GLTA>
Hope you're RIGHT!(EOM).
unless there are other outstanding issues...
:(
I think you are RIGHT!
GLTA.
Form 8-K for S3 INVESTMENT COMPANY, INC.
--------------------------------------------------------------------------------
8-Nov-2006
Termination of a Material Definitive Agreement, Financial Statements
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
S3 Investment Company, Inc., a California Corporation (the "Company") entered into a Letter Agreement (the "Letter"), dated November 7, 2006 with La Jolla Cove Investors, Inc. ("La Jolla"). Under the terms of the Letter, La Jolla released all of their interest in and waived all of their rights under the Warrant to Purchase Common Stock Agreement (the "Agreement") that the Company entered into on June 2, 2006, a copy of Agreement was filed an exhibit 10.1 to the Company's Form 8K filed with the Securities and Exchange Commission on June 13, 2006. In consideration for waiving all of their interest and rights, the Company will issue a Promissory Note (the "Note") to La Jolla in the amount of $100,000, see Note attached as exhibit 10.2. In addition, La Jolla will retain the 100,000,000 restricted shares issued on June 2, 2006 as collateral against an advance on the warrant shares and the Company will issue an additional 100,000,000 restricted shares to La Jolla, see Letter attached as exhibit 10.1
--------------------------------------------------------------------------------
ITEM 9. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits:
Exhibit No. Description Location
10.1 Letter Agreement, dated November 7, 2006 Filed herewith.
10.2 Promissory Note, dated November 7, 2006 Filed herewith.
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AND... it's a growing Telmex
:)
GLTA.
We can all hope for most anything....but unfortunately we
can't expect any more in the 10Q than we expected in PRs
that didn't happen.
Without hope, what have we? A ton of (non-producing) assets both on and in the ground.
:( or :)
GLTA.
Are you expecting the 10Q to be greatly different from the last one?
GLTA.
"Telefonica Spain and Telmex are currently competing for dominance across Latin America."
TMX NEWS.....................
SANTIAGO, Chile, Nov 7 (Reuters) - Chile's government said on Tuesday it would soon sign contracts awarding concessions to Mexico's Telmex and Liberty Global's VTR unit to operate local wireless phone services following the failure of dominant telephone company Telefonica Chile to halt the tender process.
The government awarded the concessions to Telmex and VTR last December but Telefonica Chile, a subsidiary of Spain's Telefonica (TEF.MC: Quote, Profile, Research), filed a lawsuit seeking to annul the tender.
However, a Chilean court recently rejected the suit, allowing the concessions to be granted.
The two companies will be permitted to operate wireless local loop services (WLL), which allow subscribers to access public phone networks through wireless devices using radio signals.
Industry analysts have predicted the technology will help unlock competition by allowing users to bypass existing phone networks.
"I think it sends a fantastic signal and brings a long process to an end," Transport and Telecommunications Minister Sergio Espejo told reporters. "I hope there are no further delays and I hope to sign the concession decrees within the next 10 days."
Under the deal, Telmex (TELMEXL.MX: Quote, Profile, Research) (TMX.N: Quote, Profile, Research) will have the right to operate WLL services across Chile while VTR, a unit of U.S.-based Liberty Global Inc. (LBTYA.O: Quote, Profile, Research), will be able to operate in some regions.
The technology will allow the two firms to broaden their fixed telephone coverage at lower costs and compete more effectively with Telefonica Chile.
Telefonica Spain and Telmex are currently competing for dominance across Latin America.
© Reuters 2006. All Rights Reserved.
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Amended 10Q for vtye...............
Form 10QSB/A for VICTORY ENERGY CORP
--------------------------------------------------------------------------------
6-Nov-2006
Quarterly Report
Item 2. Management's Discussion and Analysis or Plan of Operation
The following discussion includes certain forward-looking statements within the meaning of the safe harbor protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that include words such as "believe," "expect," "should," "intend," "may," "anticipate," "likely," "contingent," "could," "may," or other future-oriented statements, are forward-looking statements. Such forward-looking statements include, but are not limited to, statements regarding our business plans, strategies and objectives, and, in particular, statements referring to our expectations regarding our ability to continue as a going concern, generate increased market awareness of, and demand for, our current products, realize profitability and positive cash flow, and timely obtain required financing. These forward-looking statements involve risks and uncertainties that could cause actual results to differ from anticipated results. The forward-looking statements are based on our current expectations and what we believe are reasonable assumptions given our knowledge of the markets; however, our actual performance, results and achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Factors within and beyond our control that could cause or contribute to such differences include, among others, the following: those associated with drilling and subsequent sale of oil and gas, our critical capital raising efforts in an uncertain and volatile economical environment, our ability to maintain relationship with strategic companies, our cash preservation and cost containment efforts, our ability to retain key management personnel, our relative inexperience with advertising, our competition and the potential impact of technological advancements thereon, the impact of changing economic, political, and geo-political environments on our business, as well as those factors discussed elsewhere in this Form 10-QSB and in "Item 1 - Our Business," "Item 6 - Management's Discussion and Analysis," and elsewhere in our most recent Form 10-KSB, filed with the United States Securities and Exchange Commission.
Readers are urged to carefully review and consider the various disclosures made by us in this report and those detailed from time to time in our reports and filings with the United States Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that are likely to affect our business.
Our fiscal year ends on December 31. References to a fiscal year refer to the calendar year in which such fiscal year ends.
Our Business
Victory Energy Corporation (OTC symbol VTYE), formerly known as Victory Capital Holdings Corporation (our "Company") was organized under the laws of the State of Nevada on January 7, 1982, under the name All Things, Inc. On March 21, 1985, our Company's name was changed to New Environmental Technologies Corporation; on April 28, 2003, our name was changed to Victory Capital Holdings Corporation and on May 3, 2006, it was changed to Victory Energy Corporation. Our Company was formed for the purpose of engaging in all lawful businesses. Our Company's initial authorized capital consisted of 100,000,000 shares of $0.001 par value common voting stock and as of the date of this filing our authorized capital is 200,000,000 shares of $.001 par value common stock.
Our Company has had no material business operations since 1989. In 2004, we began the search for the acquisition of assets, property or businesses that may benefit our Company and our shareholders. Our goal has been to bring value to the Company and to our shareholders through such acquisitions. Each merger and acquisition we approach is done with the intention to position us in markets and sectors where excellent growth is anticipated. We plan to retain a percentage of stock ownership in each subsidiary while spinning them out as their own new public company if such transaction is economically feasible. The balance of the stock will be distributed to the Company's shareholders at the time of spin out of the new public company. This is a non-dilutive method to increase shareholder value as we grow and maintain a position in the market segments selected.
Current Business of the Company
Management has determined that the Company will focus on projects in the oil and gas industry. This is based upon a belief that this industry is becoming an economically viable sector in which to conduct business operations. We have targeted specific prospects and intend to engage in the drilling for oil and gas. Jon Fullenkamp, our President, has a great deal of experience in the oil and gas industry and has already recruited additional experience with the addition of a new director and advisory board member.
We have no other employees at this time and will seek to retain independent contractors to assist in operating and managing the prospects as well as to carry out the principal and necessary functions incidental to the oil and gas business. With the intended acquisition of oil and natural gas, we intend to establish ourselves as an industry partner within the industry. Once we can establish a revenue base with cash flow, we will seek opportunities more aggressive in nature.
During the fourth quarter of 2005, we evaluated two opportunities in Scott Oil & Gas and Thunder Oil & Gas. As we progressed into the due diligence of these prospects and the potential production, management determined that the development of the prospect was not worth the required investment capital. Even with the potential reduction in investment dollars, the prospects had an unacceptable pay back time for the initial investment. At that point, management felt the shareholders would be better served by seeking other prospects.
In the second quarter of 2006, we have continued with the two prospects previously reported and have taking a minority ownership position in a joint venture participation in the New Mexico based Glasgow gas project consisting of approximately 11,000 acres. In the event any of these prospects do not go forward for any reason, a replacement prospect will immediately be sought. The initial two prospects are described below.
The first prospect is a prospective oil field known as N.E. Glasgow Prospect located in Montana. We have entered into a Farmout Agreement with Laser Exploration, Inc. ("Laser") whereby Laser has farmed out certain leases through Rocky Mountain Exploration for drilling an exploratory well to a depth of an estimated 6,500 feet to test the various formations for potential commercial development. Rocky Mountain Exploration has assigned approximately 1,960 acres to the Company for 100% working interest reserving on to Rocky Mountain Exploration a 5% overriding royalty and a 12% total overriding royalty depending on specific retained landowner royalties. The second known prospect is the Skedee Prospect located in Oklahoma. We intend to develop these prospects in one of the two following ways:
1. A percentage of the Company's ownership interest may be sold off until we own a percentage of the prospect with no out-of-pocket expenses required from us; or
2. We may seek to raise between $1 million and $4 million to finance each respected prospect in its entirety.
In the second quarter of 2006, we continued to investigate potential projects in the oil and gas industry.
-11-
--------------------------------------------------------------------------------
Plan of Operation
Our plan of operation for the next 12 months will be the continued acquisition of economically viable oil and gas prospects. Once acquired, we intend to develop and produce the prospects assuming they are commercially economical to produce based on a complete due diligence process. In that case, we can expect to derive revenues from operations. We intend to diversify our holdings in both oil and gas producing wells to take advantage of what we believe is a potentially strong window of opportunity that currently exists in the oil and gas industry for the next several years.
Our first project is an oil field known as the N.E. Glasgow Prospect in Montana. We have the opportunity to develop Federal and State leases consisting of 1,960 acres where we initially intend to drill an exploratory well to an estimated depth of 6,500 feet for the purpose of testing various formations for production. We intend to complete similar exploratory drilling on the Skedee prospect in Oklahoma. The most recent project is our joint venture, minority ownership participation in the New Mexico Mesa prospect which is a gas prospect on approximately 11,000 acres.
We completed due diligence on other projects which ultimately proved to be too expensive to pursue. We have continued to seek out other viable opportunities.
Results of Operations for Period Ended June 30, 2006
As of June 30, 2006, the Company has not earned any revenues and has incurred a net loss to date of $4,902,809. Operations have been primarily seeking potential opportunities in the oil and gas industry through the location of commercially economical prospects, and raising capital and developing revenue generating opportunities and strategic relationships.
During the three month period ended June 30, 2006, we incurred operating expenses in the amount of $380,975. These operating expenses included due diligence expenses, consulting fees, professional fees, land leases, oil and gas leases, and office and general expenses.
Liquidity and Capital Resources
To date, we have financed our operations from funds put into the Company by our CEO. We intend to raise future capital from the sale of a percentage of our prospects to fund development and production or through the sale of our common stock to raise from $1 million to $4 million to finance the prospects in their entirety.
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Press Release Source: One Voice Technologies, Inc.
Cellular 29 Plus and Lyrix Wireless Announce Immediate Availability of One Voice's MobileVoice Service
Monday November 6, 10:00 am ET
LA JOLLA, Calif.--(BUSINESS WIRE)--One Voice Technologies, Inc. (OTCBB:ONEV - News), developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets, today announced that Cellular 29 Plus and Lyrix Wireless have launched One Voice's MobileVoice(TM) service to their subscribers. The MobileVoice service is now available in Cellular 29 and Lyrix Wireless stores beginning today. One Voice's MobileVoice service includes Voice-Dialing, Group Conference Calling, Reading and Sending E-mail and Voice-to-Text SMS Messaging, all powered by One Voice's patented voice technology.
"We are excited about the launch of MobileVoice," said Robert Mauer, CEO of both Cellular 29 and Lyrix. "The MobileVoice service offers our customers the ability to read and send email, send voice-to-text messages, set up conference and preset group calls and access the entire phone book for their area by simply speaking their requests. We believe these features are a tremendous advantage for our customers and are delighted that they can be accessed from all of the handsets we have currently deployed. Additionally, MobileVoice will come standard in all of our new service plans to ensure our subscribers the finest service available in the markets we service."
"We are pleased to be working with both Cellular 29 and Lyrix Wireless," said Jack Johnson, Vice President of Telephony Sales for One Voice. "Leading wireless providers like these are providing their subscribers with the very best service offerings and are beating many of the national wireless carriers to the punch by offering services otherwise unavailable in their markets. The services contained within MobileVoice allow carriers like Cellular 29 and Lyrix to target high ARPU (Average Revenue Per User) subscribers in a much more meaningful way than simply through price wars. MobileVoice allows carriers to offer a premium service, rich in features and functionality that far exceed those available from national carriers in the same markets. We are pleased to be working with Cellular 29 and Lyrix and are excited to have them offer our service to their subscribers."
About Cellular 29 Plus
Cellular 29 plus, headquartered in Emerson, Iowa is the "B" side cellular provider in southwest Iowa. Cellular 29 Plus, together with Lyrix Wireless, owns Hawkeye Switching, LLC. Hawkeye Switching provides switching services for both Cellular 29 Plus and Lyrix Wireless on a Lucent 5E CDMA platform. For more information on Cellular 29 Plus, Lyrix Wireless or Hawkeye Switching, please visit our website at www.cellular29plus.com.
About One Voice Technologies, Inc.
One Voice Technologies, Inc. (OTCBB:ONEV - News) is the world's first developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets. Our Intelligent Voice(TM) solutions employ revolutionary, patented technology that allows people to send messages (E-mail, SMS, Instant Messaging and paging), purchase products, get information and control devices - all by using their voice. The company is headquartered in La Jolla, California. For more information, please visit http://www.onev.com.
FORWARD-LOOKING STATEMENT DISCLAIMER
Some of the statements made in this press release discuss future events and developments, including our future business strategy and our ability to generate revenue, income and cash flow, and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These "forward-looking" statements can generally be identified by words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," and similar expressions. These statements involve a high degree of risk and uncertainty that exists in the Company's operations and business environment and are subject to change based on various factors that could cause actual Company results, performance, plans, goals and objectives to differ materially from those contemplated or implied in these forward-looking statements. Actual results may be different from anticipated results for a number of reasons, including the Company's new and uncertain business model, uncertainty regarding acceptance of the Company's products and services and the Company's limited operating history.
MobileVoice is a trademark of One Voice Technologies, Inc. All other products and company names herein may be trademarks of their registered owners.
Contact:
Investor Relations:
The Cervelle Group
Rob Karbowsky, 407-475-9966
Fax: 407-475-9859
rob@thecervellegroup.com
--------------------------------------------------------------------------------
Source: One Voice Technologies, Inc.
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It's my understanding that many times these large late-day "trades" are actually movement of shares between MMs.... to "balance their books".
GLTA.
I'm looking at the futures......
http://www.futuresource.com/markets/market.jsp?id=energy
250/dayX$7=$1750/day,
1750/dayX365day/yr=$638,750/yr
:))
Press Release Source: Universal Property Development and Acquisition Corporation
Production Begins From South End of UPDA's Catlin Field - Natural Gas Pressure Continues to Build and Additional Wells Turn to Oil
Tuesday October 31, 6:38 am ET
JACKSBORO, Texas--(BUSINESS WIRE)--Production was recently commenced from the south end of the Universal Property Development and Acquisition Corporation (OTCBB: UPDA - News) Catlin Oil and Gas Field in Jack County, Texas. As anticipated, this production has resulted in the building of additional natural gas pressure in the pipeline and gathering system.
During the most recent 24 hour period, more than 250 mcf of gas was recorded through the sales meter.
"Although we have brought on-line only 3 of the more than 30 wells on the south end, the gas production from the field has more than doubled," reports UPDA Vice President Chris McCauley. "In addition to the gas from the south end, many of the wells on the north end have now turned to oil. Once we finish the work on the 10 wells of the Ruth lease, production of both gas and oil should continue to expand."
Within the next several days, the rate of well workovers should increase with the employment of a second rig and crew. Both rigs will be assigned to repair the promising wells of the Ruth lease in order that their production potential may be exploited as soon as possible.
The progress of these projects will be reported by UPDA as it continues to update its website at: www.universalpropertydevelopment.com.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Contact:
Universal Property Development and
Acquisition Corporation
Jack Baker, 561-630-2977 (Investor Relations)
info@updac.com
--------------------------------------------------------------------------------
Source: Universal Property Development and Acquisition Corporation
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· Landmark Completes Installation of New High Pressure Natural Gas Compressor -- Turns 20 Wells to Production in UPDA's Catlin Field -- 10 Additional Wells to be Turned On This Week - Business Wire (Mon Oct 16)
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Form 8-K for TEXHOMA ENERGY INC
--------------------------------------------------------------------------------
24-Oct-2006
Other Events, Financial Statements and Exhibits
ITEM 8.01 OTHER EVENTS.
On October 24, 2006, Texhoma Energy, Inc. ("we", "us", and "our") issued a press release to update investors on the status of our efforts to refile our previously filed quarterly reports in connection with the revised GAAP accounting of the previous operations of our drilling venture in Thailand, of which we currently hold no interests and to become current in our filings with the Commission. The release also detailed our current ownership of oil and gas properties, which properties are summarized below:
1. Louisiana Production: We have working interests varying from 7.42% to 11.76% in three producing properties: the Barnes Creek Field, the Intracoastal City Field which produces also gas and the Edgerly field which produces oil. All of these properties are located in Louisiana
and for the month of June 2006, net production to us of 49 barrels of oil per day (BOPD) and 373 thousand cubic feet per day was recorded. Net remaining reserves of these fields are estimated by independent engineers at 210 thousand barrels (MBLS) of oil and 0.6 billion cubic feet (BCF) of gas. The properties described above are owned by Texaurus Energy, Inc., our wholly owned subsidiary, which has received funding from Laurus Master Fund, Ltd.
2. Texas Drilling: This year we plan to participate in the drilling of four wells, specifically in the Buck Snag Field in Colorado County, TX, and the Sandy Point Field and the Manvel Field both in Brazoria County, TX. The No. 1 Schiurring well that was recently completed and reported as being a dual gas discovery has developed mechanical problems causing excessive water production and has now been plugged and abandoned.
3. Louisiana Exploration: As announced last week, we have a 16% Working Interest in the Bayou Choctaw Project which has Proven Undeveloped Reserves in addition to exploration targets. Our interest in the Clovelly project is 11% and, as with the Bayou Choctaw project, the Clovelly project has both Proven Undeveloped reserves and exploration aspects. A recent well drilled on the Clovelly South prospect (the Allain Lebreton No.2 well) had to be plugged and abandoned due to drilling tools that became stuck in the well when a heavy drilling fluid was required to control the gas inflow into the well. Both projects will be pursued with drilling in 2007.
In summary, we are receiving cashflow from our producing properties and are focused on projects in the Louisiana and Texas Gulf coast area to build our reserve base. As a matter of normal business planning, we have a number of new projects and acquisitions under review, all of which are located in our area of geographic focus.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit No. Description
----------- -------------------------------------
99.1* Press Release Issued October 24, 2006
* Filed herewith.
--------------------------------------------------------------------------------
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Form 8-K for FUSHI INTERNATIONAL INC
--------------------------------------------------------------------------------
23-Oct-2006
Changes in Control or Registrant
Item 4. 01 Changes in Registrant's Certifying Accountant.
On October 17, 2006, Fushi International, Inc. (the "Company") dismissed Jimmy C.H. Cheung & Co. ("Cheung") as its independent accountant. Cheung had been previously engaged as the principal accountant to audit the Company's financial statements. The decision to change accountants was approved by the Company's Board of Directors.
Cheung's audit opinions on the financial statements of the Company for the fiscal years ended December 31, 2005 (consolidated) and 2004 did not contain an adverse opinion, a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principles.
Cheung did not audit the Company's financial statements for any period after December 31, 2005.
From the date of Cheung's retention as the Company's registered independent certified public accounting firm on December 13, 2005 through the date of Cheung's dismissal, there were no disagreements between Cheung and the Company on any matter of accounting principles or practices, financial statement disclosure, auditing scope, or procedure, which disagreements, if not resolved to the satisfaction of Cheung, would have caused it to make reference to the subject matter of the disagreement in connection with its reports.
The Company provided a copy of this Current Report on Form 8-K (the "Report") to Cheung on the date of this Report and has requested Cheung to furnish a letter addressed to the Securities and Exchange Commission (the "SEC") stating whether it agrees with the statements made by the Company and, if not, stating the respects in which it does not agree (the "Former Accountant Statement"). The Company has requested that Cheung furnish to it within ten business days after the date of this Report, the Former Accountant Statement so that the Former Accountant Statement can be filed with the SEC. The Company intends to file the Former Accountant Statement by an amendment to this Report within two (2) business days of receipt of the Former Accountant Statement from Cheung.
On October 17, 2006, the Company retained Moore Stephens Wurth Frazer and Torbet, LLP ("Moore Stephens") as its new independent accountant, which retention was approved by the Board of Directors of the Company. Moore Stephens is located at 1199 South Fairway Drive. Suite 200, Walnut, California 91789. The Company has not consulted with Moore Stephens on any matters relating to the application of accounting principles or any matter that was either the subject of a disagreement or a reportable event prior to this engagement.
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Press Release Source: Universal Property Development and Acquisition Corporation
Positive Results Continue at UPDA's Catlin Field - 6 Additional Wells Discovered - Tests Signal Significant Production
Thursday October 19, 12:02 pm ET
JACKSBORO, Texas--(BUSINESS WIRE)--As the workover continues at Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) subsidiary's, Catlin Oil and Gas Field in Jack County, Texas, all signals remain positive as 6 additional productive wells were discovered this week and the tests being conducted on the recently worked over wells demonstrate remarkable gas pressure and fluid levels.
As field personnel of Ambient Wells Services, Inc. pursued their inspection of the field, the wells they located included one that was venting natural gas under high pressure as well as 5 further wells that had not previously been identified. "The discoveries in this field continue to surprise," said Gaby Damary, COO of Ambient. "Since Mr. Catlin died 3 years ago, no one has any real concept of what is out here and we keep finding more and more wells that appear to be ready to produce substantial amounts of oil and gas. The one well we found on Monday had so much gas pressure at the surface that we could hear it long before we saw it."
In addition to the discovery of more wells, work has proceeded on the Matlock well that was previously producing commercial quantities of oil and gas despite the fact that a drill bit was lodged in its tubing. Recently, Rockey Well Services swabbed the well to the bottom and found that the fluids in the well were almost entirely crude oil rather than water. "This is a very promising indication," continued Damary. "By the end of the week, we will run the tubing back into that well and replace the rods and pumping unit and turn the well on. Based on these indications, it should be producing gas and oil immediately."
"Even a minor mishap that occurred on the Mathis well this week was actually a positive indicator," concluded Damary. "While the well pumper was performing his routine check of the wells, he discovered that the pressure on the well appeared to be higher than expected so he opened a valve and the gas pressure actually blew out the pipeline. While we can fix this in a matter of hours, further tests indicated that the gas pressure was much higher than we ever anticipated, indicating, of course, that the expected production will be more than originally forecast. We will now carefully release the pressure with assistance of the new compressor and allow the well to produce at levels within the constraints of the pipeline."
The progress of these projects will be reported by UPDA as it continues to update its website at: www.universalpropertydevelopment.com.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Contact:
Universal Property Development and Acquisition
Corporation
Jack Baker, 561-630-2977 (Investor Relations)
info@updac.com
--------------------------------------------------------------------------------
Source: Universal Property Development and Acquisition Corporation
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· Landmark Completes Installation of New High Pressure Natural Gas Compressor -- Turns 20 Wells to Production in UPDA's Catlin Field -- 10 Additional Wells to be Turned On This Week - Business Wire (Mon Oct 16)
· Second Phase of UPDA's Catlin Workover Commences - Phase One Completed with Connection of New Natural Gas Compressor - North End of Field to Be Returned to Production Today - Business Wire (Fri Oct 13)
· UPDA Canyon Creek Subsidiary Commences Well Work-Over Program - Ambient Retains VALA Resources to Return Archer County Field to Production in Two Weeks - Business Wire (Tue Oct 10)
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veno, maybe they closed that telephone deal...RCC?
We shall see.
GLTA.
Hawk, I add my best wishes for your speedy recovery, and
thanks for all your contributions here.
Dave
Press Release Source: Universal Property Development and Acquisition Corporation
Landmark Completes Installation of New High Pressure Natural Gas Compressor -- Turns 20 Wells to Production in UPDA's Catlin Field -- 10 Additional Wells to be Turned On This Week
Monday October 16, 6:29 am ET
JACKSBORO, Texas--(BUSINESS WIRE)--Landmark 4, LLC has completed the installation of the new natural gas compressor in Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) subsidiary's, Catlin Oil and Gas Field in Jack County, Texas and over the weekend brought 20 wells on line and into production.
According to Landmark's Steve Swain, "the initial results are very promising. As soon as we turned on the wells, they all brought fluid to the surface immediately. This is a strong indication of solid production potential as the wells maintained substantial pressure while they were shut in. For the next few days, we will continuously monitor the wells while we stabilize the pressure so that we can maximize the production. It appears that the pressure was not properly maintained by the previous operator of these wells and they look like they will be able to produce much more gas than we initially believed while they continue to generate significant oil now that they will be properly operated."
In addition to the 20 wells that were turned on from the Mathis, Maxwell, WA Beggs, WB Beggs and Boaz leases, Landmark continues to work on the Matlock lease and expects to turn it to production by the end of the week.
"In my 30 years in this business, I have never seen anything like what we found on the Matlock," continued Landmark's Swain. "When we pulled the tubing from the well, we found an old drill bit welded to the end. It looks like they were trying to produce the well through the two small holes in the bit, which is ridiculous. We removed all of the tubing and tested the casing and determined that it does not leak. Once we replace the tubes and rods and spot acid the well later this week, I expect it will produce like a new well."
Swain concluded by saying, "With 60,000 feet of new pipeline and all new separators to fill, actual and accurate production figures will not be available until at least the middle of the week. The manner in which the wells reacted and the pressure we are finding in the pipelines, however, make me very optimistic about those results. As good as I feel about what we have accomplished so far, I honestly believe the wells will be working on next will be even better than the ones we just turned on."
The progress of these projects will be reported by UPDA as it continues to update its website at: www.universalpropertydevelopment.com.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Contact:
Universal Property Development and Acquisition
Corporation
Jack Baker, 561-630-2977 (Investor Relations)
info@updac.com
--------------------------------------------------------------------------------
Source: Universal Property Development and Acquisition Corporation
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· UPDA Canyon Creek Subsidiary Commences Well Work-Over Program - Ambient Retains VALA Resources to Return Archer County Field to Production in Two Weeks - Business Wire (Tue Oct 10)
· UPDA's Catlin Workover Project Continues Ahead of Schedule - Phase One to be Completed Within Days - Well Tests Establish Promising Production Projections - Business Wire (Wed Oct 4)
· Progress Continues on Catlin Oil and Gas Field -- UPDA Management Tours Site with Representatives of Landmark and Ambient - Business Wire (Mon Oct 2)
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Hawk indicated that success in the field would dictate the
pace of the PRs, but you say one/month.
???????
Press Release Source: Fushi International
Dutton Associates Announces Investment Opinion: Fushi International Strong Speculative Buy In Update Coverage By Dutton Associates
Tuesday October 10, 6:37 pm ET
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Dutton Associates continues its coverage of Fushi International (OTCBB:FSIN - News) reiterating a Strong Speculative Buy rating and lowering our price target to $11.64. The 10-page report by Dutton senior analyst Stanley Ng is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.
The oil-led visible correction of major commodity prices since mid-August due to more evidence of slowing U.S. demand had triggered concerns over the outlook for global metal and metal-related stocks. As the market sentiment and outlook of copper prices turn negative and Fushi's product prices are highly correlated to copper prices, we believe it is prudent to reassess our earlier assumptions on Fushi with respect to the average selling price of its CCA products and the possible negative impact on volume sales and margins. We concur with management's view that the decline in copper prices should have limited impact on the demand for Fushi's CCA products, given that Fushi's products are generally priced at 40-50% discounted to pure copper wire products. By changing its product mix to produce higher price CCA-M and CCA Thin products, we believe the higher working capital requirement to support higher sales will restrain Fushi's aggressive capacity expansion. We have lowered our average product selling price and volume sales assumptions and cut our earnings forecasts beginning in 3Q06 through FY2008. Therefore, we believe it is prudent to apply a less aggressive P/E valuation to determine the price target of Fushi. Based on a 12x P/E for FY2006, our 12-month price target of Fushi is $11.64. With 60% upside potential, we maintain our Strong Speculative Buy recommendation on the stock.
About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in the U.S. Its 31 senior analysts are primarily CFAs and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
The cost of enrollment in our one-year continuing research program is US $39,500 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. The Firm does not accept any equity compensation. We received $35,000 from the Company for 4 quarterly Research Reports with coverage commencing on 06/19/2006. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
Contact:
Dutton Associates
John M. Dutton, 916-941-8119
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Source: Fushi International
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My response...
IGGY!
If all longs refused to respond ( whether or not they put the
retards on iggy, it would clean things up alot, and some of them would hopefully go away.
JMO.
I have a few people highlighted, and I just don't bother with the rest. Waste of time and board space.
GLTAL.
mrditbme, I agree and am also adding, have been since the
latest PR.
GLTY/GLTA.
farm, that was brilliant.....
NOT!
Is it possible to start producing
gas from this hole AND start a new hole nearby to go
after the oil?
NG more important than oil?.........
==========================================
Betting billions on liquefied natural gas
Slacking crude reserves and rising demand are driving what some are calling one of the biggest investment trends in the world.
By Steve Hargreaves, CNNMoney.com staff writer
August 28 2006: 4:59 PM EDT
NEW YORK (CNNMoney.com) -- An estimated $30 billion a year is pouring into developing liquefied natural gas.
Despite concerns over the safety and the cost of importing it, analysts say the fuel will make up a larger and larger share of America's energy mix and may help prevent seasonal natural gas price spikes.
With high natural gas prices in the United States, some ask whether LNG, which is more expensive to bring to market, can be a long-term competitor to regular natural gas, dollar for dollar.
Sheraz Mian, an energy analyst at Zacks Investment Research, paints the LNG challenge this way: "Will natural gas prices remain high enough for these types of projects to earn the returns investors are looking for?"
Exxon Mobil (Charts), not a company known for taking chances on unproven technologies, is betting $14 billion they will.
Why all the hype?
Creating LNG involves cooling normal natural gas to 260 degrees below zero Fahrenheit, sending it around the world in superinsulated ships and then re-gasifying it at its destination.
"It's one of the biggest investment trends in the world," said David Talbot, with the energy research firm John H. Herald. "That's what's happening. We're going increasingly from crude oil to natural gas."
The reasons for the boom are primarily twofold.
The first is that the United States is using more and more natural gas because it's both cleaner burning than oil and economical.
Exxon estimates America's consumption of natural gas will rise from 65 billion cubic feet per day (bcfd) currently to 85 bcfd in the next 10 years. But domestic production of natural gas will only increase from about 55 bcfd today to about 60 bcfd.
"The difference between production and consumption is increasing," said Exxon spokesman Bob Davis. "That's why you're hearing so much about LNG."
Exxon, which along with Royal Dutch Shell is one of the biggest players in the LNG business, is currently embarking on a $14 billion LNG project with Qatar Petroleum and ConocoPhillips (Charts) that will bring LNG into the Texas Gulf Coast.
That Texas LNG operation is one of three the company has going worldwide, with others in England and Italy.
They will all be fed with gas from a huge field off the coast of Qatar, whose state oil company has a 70 percent stake in the Texas project.
Previously much of U.S. natural gas demand was met by Canada, where it was easily shipped south via pipeline. But Canada's natural gas production, like America's, is expected to be flat or slightly declining. Speculation is that Canada will export less natural gas as the country's firms use more of it to extract crude oil from its massive tar sands reserve in Alberta.
This growing demand and limited domestic supply, coupled with the fact that under-ocean pipeline construction is not feasible, means there's money to be made by liquefying it (which reduces its volume by 600 times), putting it on a boat and shipping it around the world.
The second reason LNG is gaining in popularity is because natural gas reserves held by the big Western oil companies are growing faster than their crude oil reserves.
Talbot says the growth rate for natural gas reserves for seven big publicly traded oil companies is running at about 4 percent, while the growth in their crude oil reserves is less than 1 percent.
Market stability
Consumers could benefit as this natural gas is shipped from places like Qatar, which shares the largest natural gas field in the world, located under the Persian Gulf, with Iran.
Because pipelines are not global, natural gas is a regional market. Natural gas is subject to wide price swings whenever a localized event threatens supply, for instance, when natural gas prices in the U.S. spike midsummer in anticipation of hurricane season.
But as more and more gas is liquefied and available for worldwide shipping, a shortfall in the United States could easily be covered by sending over supplies from, say, Europe.
"It's exciting because it smooths out those spikes in local markets," said Zacks's Mian.
While there are currently only five LNG terminals in the U.S., more than 40 are on the drawing board.
But many of these won't get built, and it's not just economics blocking the way.
Finding a place to build an LNG terminal is a challenge because many people are afraid of a massive explosion if a plant were built near their homes.
Industry officials point to an impressive safety record.
Bill Cooper, the executive director of the Center for Liquefied Natural Gas, says that, in the 45 years LNG has been transported by boat, there has never been a spill involving an LNG ship. He also notes that the contents are not under pressure, and it would take a rare combination of events to cause an explosion.
Nonetheless, an explosion is theoretically possible, and that prospect has made locating LNG facilities a particularly tough sell.
But experts point out they don't need to be built near populated areas - indeed, one of the country's five LNG ports currently sits 80 miles offshore in the Gulf of Mexico.
_____________________________
For sale: pollution
Exxon: Oil, gas and that's it
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PROGRESS UPDATES
UPDA Operators, Inc. Reports on Production
Tuesday, August 22nd, 2006 11:06 AM EST
UPDA Operators, Inc.
Canyon Creek Oil and Gas, Inc. reported a net production of 125.3 barrels of oil for the week ending August 18, 2006 and a net production of 149.1 MCF gas per week.
Catlin Oil ad Gas, Inc. reported a net production of 104 barrels of oil for the same week.
Statements contained in this update that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
ARCHIVED PRESS RELEASES
2006
2005
OTHER PROGRESS UPDATES
2006-Aug-14 | UPDA Operators, Inc. Reports on Production
2006-Aug-10 | UPDA to Perform Work-Over in the Catlin Oil and Gas Field
2006-Aug-07 | Catlin Oil and Gas, Inc. and Canyon Creek Oil and Gas, Inc. Report Production
2006-Aug-04 | UPDA Appoints Tim Brink as COO of UPDA Texas Trading, Inc.
2006-Aug-01 | UPDA Hires Copper Beech Equity Partners, LLC
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