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Look 25 million OS ......
http://www.pinksheets.com/quote/company_profile.jsp?symbol=UPDA
OIL ..... ......... to 70$
11,5 million !!!!
Look volume in Frankfurt
http://finance.yahoo.com/q?s=UP1.F
UPDA 26.5 OS Million ..... at 0.25 cents MARKET CAP 6.89 ,million VERY UNDERVALUE Look this >
UPDA Projects 4th Quarter Revenue Of Subsidiaries - Should Approach Or Exceed $5 Million Per Month(a)
The management of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) has completed the refinement of its business model in order to focus on oil and natural gas development and finalized its strategic planning and revenue forecasting for Canyon Creek Oil and Gas, Inc., its Texas subsidiary, and West Oil and Gas, Inc., its subsidiary in Utah.
After meeting with the management of those subsidiaries over the course of the past month, UPDA is prepared to project the subsidiaries will generate gross revenues approaching or exceeding $5 million per month by the end of the 4th Quarter of 2005(a).
Since July, Canyon Creek, a joint venture with USProduction and Exploration, LLC. (USPX), has acquired seven oil and gas fields totalling over 3200 acres. It is performing a revitalization project in 5 of the fields and will have wells in each field in production this quarter. Conservative production estimates for the wells that will be brought on line this quarter indicate that Canyon Creek will produce approximately 100,000 mcf of natural gas(a) and more than 4250 barrels of oil per month(a).
Conservatively assuming gas prices of $10.00/mcf and oil prices of $60.00/barrel, Canyon Creek will be generating nearly $1.4 million per month of gross revenue(a). UPDA has recently agreed to increase its stake in Canyon Creek to 65%.
In October, UPDA entered into a joint venture with Dark Horse Exploration, Inc. and Masaood Group, USA and established West Oil & Gas, Inc. in order to develop the 4000 acre Dirty Devil Gas Field in Uintah County, Utah. Two wells are presently generating about 4500 mcfg per day. Three additional wells will be brought on line during this quarter, increasing conservative production estimates to nearly 320,000 mcfg per month(a). Should natural gas prices continue to increase as anticipated, West will generate as much as $3.5 million per month or more by the end of the 4th quarter(a). UPDA owns 60% of West.
The chart below details these production estimates.
--------------------------------------------------------------------------------
CANYON CREEK OIL & GAS, INC.
Lease Acreage Wells Producing Oil Natural Gas
In 4th Quarter Production(a) Production(a)
Coleman (Hagler) 915 12 900bopm 1,800mcfgm
Archer County 960 14 1,200
Palo Pinto 614 10 360 1,500
Inez 243 1 1,950 78,000
Fayette
(Giddings) 80 1 300 9,000
Prideaux 40 1 60 6,000
Boyle Field 369 4 450
WEST OIL & GAS, INC.
DD 11-29 45,000
DD 1-18 90,000
DD 23-20 90,000
DD 23-17 90,000
DD 41-19 1,800
The Dirty Devil Wells will generate nominal amounts of oil which have not been projected.
(a) Based on partial production and/or historical results.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) 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. For additional information visit: www.universalpropertydevelopment.com.
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.
UPDA 26.5 OS Million ..... at 0.25 cents MARKET CAP 6.89 ,million VERY UNDERVALUE Look this >
UPDA Projects 4th Quarter Revenue Of Subsidiaries - Should Approach Or Exceed $5 Million Per Month(a)
The management of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) has completed the refinement of its business model in order to focus on oil and natural gas development and finalized its strategic planning and revenue forecasting for Canyon Creek Oil and Gas, Inc., its Texas subsidiary, and West Oil and Gas, Inc., its subsidiary in Utah.
After meeting with the management of those subsidiaries over the course of the past month, UPDA is prepared to project the subsidiaries will generate gross revenues approaching or exceeding $5 million per month by the end of the 4th Quarter of 2005(a).
Since July, Canyon Creek, a joint venture with USProduction and Exploration, LLC. (USPX), has acquired seven oil and gas fields totalling over 3200 acres. It is performing a revitalization project in 5 of the fields and will have wells in each field in production this quarter. Conservative production estimates for the wells that will be brought on line this quarter indicate that Canyon Creek will produce approximately 100,000 mcf of natural gas(a) and more than 4250 barrels of oil per month(a).
Conservatively assuming gas prices of $10.00/mcf and oil prices of $60.00/barrel, Canyon Creek will be generating nearly $1.4 million per month of gross revenue(a). UPDA has recently agreed to increase its stake in Canyon Creek to 65%.
In October, UPDA entered into a joint venture with Dark Horse Exploration, Inc. and Masaood Group, USA and established West Oil & Gas, Inc. in order to develop the 4000 acre Dirty Devil Gas Field in Uintah County, Utah. Two wells are presently generating about 4500 mcfg per day. Three additional wells will be brought on line during this quarter, increasing conservative production estimates to nearly 320,000 mcfg per month(a). Should natural gas prices continue to increase as anticipated, West will generate as much as $3.5 million per month or more by the end of the 4th quarter(a). UPDA owns 60% of West.
The chart below details these production estimates.
--------------------------------------------------------------------------------
CANYON CREEK OIL & GAS, INC.
Lease Acreage Wells Producing Oil Natural Gas
In 4th Quarter Production(a) Production(a)
Coleman (Hagler) 915 12 900bopm 1,800mcfgm
Archer County 960 14 1,200
Palo Pinto 614 10 360 1,500
Inez 243 1 1,950 78,000
Fayette
(Giddings) 80 1 300 9,000
Prideaux 40 1 60 6,000
Boyle Field 369 4 450
WEST OIL & GAS, INC.
DD 11-29 45,000
DD 1-18 90,000
DD 23-20 90,000
DD 23-17 90,000
DD 41-19 1,800
The Dirty Devil Wells will generate nominal amounts of oil which have not been projected.
(a) Based on partial production and/or historical results.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) 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. For additional information visit: www.universalpropertydevelopment.com.
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.
UPDA 26.5 OS Million ..... at 0.25 cents MARKET CAP 6.89 ,million VERY UNDERVALUE Look this >
UPDA Projects 4th Quarter Revenue Of Subsidiaries - Should Approach Or Exceed $5 Million Per Month(a)
The management of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) has completed the refinement of its business model in order to focus on oil and natural gas development and finalized its strategic planning and revenue forecasting for Canyon Creek Oil and Gas, Inc., its Texas subsidiary, and West Oil and Gas, Inc., its subsidiary in Utah.
After meeting with the management of those subsidiaries over the course of the past month, UPDA is prepared to project the subsidiaries will generate gross revenues approaching or exceeding $5 million per month by the end of the 4th Quarter of 2005(a).
Since July, Canyon Creek, a joint venture with USProduction and Exploration, LLC. (USPX), has acquired seven oil and gas fields totalling over 3200 acres. It is performing a revitalization project in 5 of the fields and will have wells in each field in production this quarter. Conservative production estimates for the wells that will be brought on line this quarter indicate that Canyon Creek will produce approximately 100,000 mcf of natural gas(a) and more than 4250 barrels of oil per month(a).
Conservatively assuming gas prices of $10.00/mcf and oil prices of $60.00/barrel, Canyon Creek will be generating nearly $1.4 million per month of gross revenue(a). UPDA has recently agreed to increase its stake in Canyon Creek to 65%.
In October, UPDA entered into a joint venture with Dark Horse Exploration, Inc. and Masaood Group, USA and established West Oil & Gas, Inc. in order to develop the 4000 acre Dirty Devil Gas Field in Uintah County, Utah. Two wells are presently generating about 4500 mcfg per day. Three additional wells will be brought on line during this quarter, increasing conservative production estimates to nearly 320,000 mcfg per month(a). Should natural gas prices continue to increase as anticipated, West will generate as much as $3.5 million per month or more by the end of the 4th quarter(a). UPDA owns 60% of West.
The chart below details these production estimates.
--------------------------------------------------------------------------------
CANYON CREEK OIL & GAS, INC.
Lease Acreage Wells Producing Oil Natural Gas
In 4th Quarter Production(a) Production(a)
Coleman (Hagler) 915 12 900bopm 1,800mcfgm
Archer County 960 14 1,200
Palo Pinto 614 10 360 1,500
Inez 243 1 1,950 78,000
Fayette
(Giddings) 80 1 300 9,000
Prideaux 40 1 60 6,000
Boyle Field 369 4 450
WEST OIL & GAS, INC.
DD 11-29 45,000
DD 1-18 90,000
DD 23-20 90,000
DD 23-17 90,000
DD 41-19 1,800
The Dirty Devil Wells will generate nominal amounts of oil which have not been projected.
(a) Based on partial production and/or historical results.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) 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. For additional information visit: www.universalpropertydevelopment.com.
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.
UPDA 26.5 OS Million ..... at 0.25 cents MARKET CAP 6.89 ,million VERY UNDERVALUE Look this >
UPDA Projects 4th Quarter Revenue Of Subsidiaries - Should Approach Or Exceed $5 Million Per Month(a)
The management of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) has completed the refinement of its business model in order to focus on oil and natural gas development and finalized its strategic planning and revenue forecasting for Canyon Creek Oil and Gas, Inc., its Texas subsidiary, and West Oil and Gas, Inc., its subsidiary in Utah.
After meeting with the management of those subsidiaries over the course of the past month, UPDA is prepared to project the subsidiaries will generate gross revenues approaching or exceeding $5 million per month by the end of the 4th Quarter of 2005(a).
Since July, Canyon Creek, a joint venture with USProduction and Exploration, LLC. (USPX), has acquired seven oil and gas fields totalling over 3200 acres. It is performing a revitalization project in 5 of the fields and will have wells in each field in production this quarter. Conservative production estimates for the wells that will be brought on line this quarter indicate that Canyon Creek will produce approximately 100,000 mcf of natural gas(a) and more than 4250 barrels of oil per month(a).
Conservatively assuming gas prices of $10.00/mcf and oil prices of $60.00/barrel, Canyon Creek will be generating nearly $1.4 million per month of gross revenue(a). UPDA has recently agreed to increase its stake in Canyon Creek to 65%.
In October, UPDA entered into a joint venture with Dark Horse Exploration, Inc. and Masaood Group, USA and established West Oil & Gas, Inc. in order to develop the 4000 acre Dirty Devil Gas Field in Uintah County, Utah. Two wells are presently generating about 4500 mcfg per day. Three additional wells will be brought on line during this quarter, increasing conservative production estimates to nearly 320,000 mcfg per month(a). Should natural gas prices continue to increase as anticipated, West will generate as much as $3.5 million per month or more by the end of the 4th quarter(a). UPDA owns 60% of West.
The chart below details these production estimates.
--------------------------------------------------------------------------------
CANYON CREEK OIL & GAS, INC.
Lease Acreage Wells Producing Oil Natural Gas
In 4th Quarter Production(a) Production(a)
Coleman (Hagler) 915 12 900bopm 1,800mcfgm
Archer County 960 14 1,200
Palo Pinto 614 10 360 1,500
Inez 243 1 1,950 78,000
Fayette
(Giddings) 80 1 300 9,000
Prideaux 40 1 60 6,000
Boyle Field 369 4 450
WEST OIL & GAS, INC.
DD 11-29 45,000
DD 1-18 90,000
DD 23-20 90,000
DD 23-17 90,000
DD 41-19 1,800
The Dirty Devil Wells will generate nominal amounts of oil which have not been projected.
(a) Based on partial production and/or historical results.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) 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. For additional information visit: www.universalpropertydevelopment.com.
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.
UPDA 26.5 OS Million ..... at 0.25 cents MARKET CAP 6.89 ,million VERY UNDERVALUE Look this >
UPDA Projects 4th Quarter Revenue Of Subsidiaries - Should Approach Or Exceed $5 Million Per Month(a)
The management of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) has completed the refinement of its business model in order to focus on oil and natural gas development and finalized its strategic planning and revenue forecasting for Canyon Creek Oil and Gas, Inc., its Texas subsidiary, and West Oil and Gas, Inc., its subsidiary in Utah.
After meeting with the management of those subsidiaries over the course of the past month, UPDA is prepared to project the subsidiaries will generate gross revenues approaching or exceeding $5 million per month by the end of the 4th Quarter of 2005(a).
Since July, Canyon Creek, a joint venture with USProduction and Exploration, LLC. (USPX), has acquired seven oil and gas fields totalling over 3200 acres. It is performing a revitalization project in 5 of the fields and will have wells in each field in production this quarter. Conservative production estimates for the wells that will be brought on line this quarter indicate that Canyon Creek will produce approximately 100,000 mcf of natural gas(a) and more than 4250 barrels of oil per month(a).
Conservatively assuming gas prices of $10.00/mcf and oil prices of $60.00/barrel, Canyon Creek will be generating nearly $1.4 million per month of gross revenue(a). UPDA has recently agreed to increase its stake in Canyon Creek to 65%.
In October, UPDA entered into a joint venture with Dark Horse Exploration, Inc. and Masaood Group, USA and established West Oil & Gas, Inc. in order to develop the 4000 acre Dirty Devil Gas Field in Uintah County, Utah. Two wells are presently generating about 4500 mcfg per day. Three additional wells will be brought on line during this quarter, increasing conservative production estimates to nearly 320,000 mcfg per month(a). Should natural gas prices continue to increase as anticipated, West will generate as much as $3.5 million per month or more by the end of the 4th quarter(a). UPDA owns 60% of West.
The chart below details these production estimates.
--------------------------------------------------------------------------------
CANYON CREEK OIL & GAS, INC.
Lease Acreage Wells Producing Oil Natural Gas
In 4th Quarter Production(a) Production(a)
Coleman (Hagler) 915 12 900bopm 1,800mcfgm
Archer County 960 14 1,200
Palo Pinto 614 10 360 1,500
Inez 243 1 1,950 78,000
Fayette
(Giddings) 80 1 300 9,000
Prideaux 40 1 60 6,000
Boyle Field 369 4 450
WEST OIL & GAS, INC.
DD 11-29 45,000
DD 1-18 90,000
DD 23-20 90,000
DD 23-17 90,000
DD 41-19 1,800
The Dirty Devil Wells will generate nominal amounts of oil which have not been projected.
(a) Based on partial production and/or historical results.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) 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. For additional information visit: www.universalpropertydevelopment.com.
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.
UPDA 26.5 OS Million ..... at 0.25 cents MARKET CAP 6.89 ,million VERY UNDERVALUE Look this >
UPDA Projects 4th Quarter Revenue Of Subsidiaries - Should Approach Or Exceed $5 Million Per Month(a)
The management of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) has completed the refinement of its business model in order to focus on oil and natural gas development and finalized its strategic planning and revenue forecasting for Canyon Creek Oil and Gas, Inc., its Texas subsidiary, and West Oil and Gas, Inc., its subsidiary in Utah.
After meeting with the management of those subsidiaries over the course of the past month, UPDA is prepared to project the subsidiaries will generate gross revenues approaching or exceeding $5 million per month by the end of the 4th Quarter of 2005(a).
Since July, Canyon Creek, a joint venture with USProduction and Exploration, LLC. (USPX), has acquired seven oil and gas fields totalling over 3200 acres. It is performing a revitalization project in 5 of the fields and will have wells in each field in production this quarter. Conservative production estimates for the wells that will be brought on line this quarter indicate that Canyon Creek will produce approximately 100,000 mcf of natural gas(a) and more than 4250 barrels of oil per month(a).
Conservatively assuming gas prices of $10.00/mcf and oil prices of $60.00/barrel, Canyon Creek will be generating nearly $1.4 million per month of gross revenue(a). UPDA has recently agreed to increase its stake in Canyon Creek to 65%.
In October, UPDA entered into a joint venture with Dark Horse Exploration, Inc. and Masaood Group, USA and established West Oil & Gas, Inc. in order to develop the 4000 acre Dirty Devil Gas Field in Uintah County, Utah. Two wells are presently generating about 4500 mcfg per day. Three additional wells will be brought on line during this quarter, increasing conservative production estimates to nearly 320,000 mcfg per month(a). Should natural gas prices continue to increase as anticipated, West will generate as much as $3.5 million per month or more by the end of the 4th quarter(a). UPDA owns 60% of West.
The chart below details these production estimates.
--------------------------------------------------------------------------------
CANYON CREEK OIL & GAS, INC.
Lease Acreage Wells Producing Oil Natural Gas
In 4th Quarter Production(a) Production(a)
Coleman (Hagler) 915 12 900bopm 1,800mcfgm
Archer County 960 14 1,200
Palo Pinto 614 10 360 1,500
Inez 243 1 1,950 78,000
Fayette
(Giddings) 80 1 300 9,000
Prideaux 40 1 60 6,000
Boyle Field 369 4 450
WEST OIL & GAS, INC.
DD 11-29 45,000
DD 1-18 90,000
DD 23-20 90,000
DD 23-17 90,000
DD 41-19 1,800
The Dirty Devil Wells will generate nominal amounts of oil which have not been projected.
(a) Based on partial production and/or historical results.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies. For additional information visit: www.universalpropertydevelopment.com.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
UPDA .... 26.5 Million OS , at 0.30 cents 8 million MARKET CAP
OIL .............. 68.5$ ..... NEW YEAR HIGH... soon!!!!!!
upda 27 29 30 35 VERY CHEAP !!!!!
EASY 1 DOLAR!
UPDA $5 million revenues per month!!!!! UNDERVALUED!!!! $1 billion oil reserves
UPDA Projects 4th Quarter Revenue Of Subsidiaries - Should Approach Or Exceed $5 Million Per Month(a)
Tuesday October 25, 8:23 am ET JUNO BEACH, Fla.--(BUSINESS WIRE)--Oct. 25, 2005--The management of Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) has completed the refinement of its business model in order to focus on oil and natural gas development and finalized its strategic planning and revenue forecasting for Canyon Creek Oil and Gas, Inc., its Texas subsidiary, and West Oil and Gas, Inc., its subsidiary in Utah. ADVERTISEMENT
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Exploration, LLC. (USPX), has acquired seven oil and gas fields totalling over 3200 acres. It is performing a revitalization project in 5 of the fields and will have wells in each field in production this quarter. Conservative production estimates for the wells that will be brought on line this quarter indicate that Canyon Creek will produce approximately 100,000 mcf of natural gas(a) and more than 4250 barrels of oil per month(a). Conservatively assuming gas prices of $10.00/mcf and oil prices of $60.00/barrel, Canyon Creek will be generating nearly $1.4 million per month of gross revenue(a). UPDA has recently agreed to increase its stake in Canyon Creek to 65%. In October, UPDA entered into a joint venture with Dark Horse Exploration, Inc. and Masaood Group, USA and established West Oil & Gas, Inc. in order to develop the 4000 acre Dirty Devil Gas Field in Uintah County, Utah. Two wells are presently generating about 4500 mcfg per day. Three additional wells will be brought on
line during this quarter, increasing conservative production estimates to nearly 320,000 mcfg per month(a). Should natural gas prices continue to increase as anticipated, West will generate as much as $3.5 million per month or more by the end of the 4th quarter(a). UPDA owns 60% of West.
LOW 26.5 million is the number at 0.30 cents 8 Miilion MK Very Undervalue!
OIL .............. 68.5$ ..... NEW YEAR HIGH... soon!!!!!!
upda 27 29 30 35 VERY CHEAP !!!!!
EASY 1 DOLAR!
UPDA $5 million revenues per month!!!!! UNDERVALUED!!!! $1 billion oil reserves
UPDA Projects 4th Quarter Revenue Of Subsidiaries - Should Approach Or Exceed $5 Million Per Month(a)
Tuesday October 25, 8:23 am ET JUNO BEACH, Fla.--(BUSINESS WIRE)--Oct. 25, 2005--The management of Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) has completed the refinement of its business model in order to focus on oil and natural gas development and finalized its strategic planning and revenue forecasting for Canyon Creek Oil and Gas, Inc., its Texas subsidiary, and West Oil and Gas, Inc., its subsidiary in Utah. ADVERTISEMENT
if (window.yzq_a == null) document.write(""); if (window.yzq_a) { yzq_a('p', 'P=Gq4ZPESOxCbexr7mQ870sgJoyGoDjEPRFH4ADXoh&T=1cugfak5b%2fX%3d1137775743%2fE%3d7811759%2fR%3dfin%2fK%3d5%2fV%3d1.1%2fW%3d8%2fY%3dYAHOO%2fF%3d1357095360%2fH%3dY29icmFuZD0iPGEgaHJlZj1odHRwOi8vd3d3LmJ1c2luZXNzd2lyZS5jb20.PGltZyBib3JkZXI9MCBzcmM9aHR0cDovL3VzLmkxLnlpbWcuY29tL3VzLnlpbWcuY29tL2kvdXMvZmkvZ3IvcGFydG5lcl9sb2dvcy9idXNpbmVzc3dpcmVfMTcweDMzX2xvZ28uZ2lmIGFsdD1CdXNpbmVzc1dpcmUuY29tPjwvYT4iIGNhY2hlaGludD0iNzgxMTc1OSIgY2FjaGVoaW50PSI3ODExNzU5Ig--%2fS%3d1%2fJ%3dB9C28E44'); yzq_a('a', '&U=139qkqlpp%2fN%3dwabpJ0SOxJA-%2fC%3d344566.7748030.8603301.1383221%2fD%3dLREC%2fB%3d3218353'); } After meeting with the management of those subsidiaries over the course of the past month, UPDA is prepared to project the subsidiaries will generate gross revenues approaching or exceeding $5 million per month by the end of the 4th Quarter of 2005(a). Since July, Canyon Creek, a joint venture with USProduction and
Exploration, LLC. (USPX), has acquired seven oil and gas fields totalling over 3200 acres. It is performing a revitalization project in 5 of the fields and will have wells in each field in production this quarter. Conservative production estimates for the wells that will be brought on line this quarter indicate that Canyon Creek will produce approximately 100,000 mcf of natural gas(a) and more than 4250 barrels of oil per month(a). Conservatively assuming gas prices of $10.00/mcf and oil prices of $60.00/barrel, Canyon Creek will be generating nearly $1.4 million per month of gross revenue(a). UPDA has recently agreed to increase its stake in Canyon Creek to 65%. In October, UPDA entered into a joint venture with Dark Horse Exploration, Inc. and Masaood Group, USA and established West Oil & Gas, Inc. in order to develop the 4000 acre Dirty Devil Gas Field in Uintah County, Utah. Two wells are presently generating about 4500 mcfg per day. Three additional wells will be brought on
line during this quarter, increasing conservative production estimates to nearly 320,000 mcfg per month(a). Should natural gas prices continue to increase as anticipated, West will generate as much as $3.5 million per month or more by the end of the 4th quarter(a). UPDA owns 60% of West.
ALERT ALERT ALERT ....UPDA TO $1
Insiders NEWS ----- AMEX APLICATION......... Go UPDA to $1
UPDA has more than $1 billion in oil reserves
Representatives of UPDA were equally excited by the outcome of this
effort. "We have now invested over $1.5 million in this asset," said
Chris McCauley, UPDA Vice President. "The success of this project
firmly establishes our place in the oil and gas business. With the
proven reserves in excess of $1 billion that have been independently
certified in the prospects we are working on, our unrelated stock
holdings certainly can no longer be called our major asset. I would
say the shareholders can look forward to UPDA making oil and natural
gas for many years to come.
market cap only $7 million
ALERT ALERT ALERT ....UPDA TO $1
Insiders NEWS ----- AMEX APLICATION......... Go UPDA to $1
UPDA has more than $1 billion in oil reserves
Representatives of UPDA were equally excited by the outcome of this
effort. "We have now invested over $1.5 million in this asset," said
Chris McCauley, UPDA Vice President. "The success of this project
firmly establishes our place in the oil and gas business. With the
proven reserves in excess of $1 billion that have been independently
certified in the prospects we are working on, our unrelated stock
holdings certainly can no longer be called our major asset. I would
say the shareholders can look forward to UPDA making oil and natural
gas for many years to come.
market cap only $7 million
ready to 0.50 cents next week !!
Insiders NEWS ----- AMEX APLICATION......... Go UPDA to $1
UPDA has more than $1 billion in oil reserves
Representatives of UPDA were equally excited by the outcome of this
effort. "We have now invested over $1.5 million in this asset," said
Chris McCauley, UPDA Vice President. "The success of this project
firmly establishes our place in the oil and gas business. With the
proven reserves in excess of $1 billion that have been independently
certified in the prospects we are working on, our unrelated stock
holdings certainly can no longer be called our major asset. I would
say the shareholders can look forward to UPDA making oil and natural
gas for many years to come.
market cap only $7 million
Insiders NEWS ----- AMEX APLICATION......... Go UPDA to $1
UPDA has more than $1 billion in oil reserves
Representatives of UPDA were equally excited by the outcome of this
effort. "We have now invested over $1.5 million in this asset," said
Chris McCauley, UPDA Vice President. "The success of this project
firmly establishes our place in the oil and gas business. With the
proven reserves in excess of $1 billion that have been independently
certified in the prospects we are working on, our unrelated stock
holdings certainly can no longer be called our major asset. I would
say the shareholders can look forward to UPDA making oil and natural
gas for many years to come.
market cap only $7 million
Insiders NEWS ----- AMEX APLICATION......... Go UPDA to $1
UPDA has more than $1 billion in oil reserves
Representatives of UPDA were equally excited by the outcome of this
effort. "We have now invested over $1.5 million in this asset," said
Chris McCauley, UPDA Vice President. "The success of this project
firmly establishes our place in the oil and gas business. With the
proven reserves in excess of $1 billion that have been independently
certified in the prospects we are working on, our unrelated stock
holdings certainly can no longer be called our major asset. I would
say the shareholders can look forward to UPDA making oil and natural
gas for many years to come.
market cap only $7 million
Insiders NEWS ----- AMEX APLICATION......... Go UPDA to $1
UPDA has more than $1 billion in oil reserves
Representatives of UPDA were equally excited by the outcome of this
effort. "We have now invested over $1.5 million in this asset," said
Chris McCauley, UPDA Vice President. "The success of this project
firmly establishes our place in the oil and gas business. With the
proven reserves in excess of $1 billion that have been independently
certified in the prospects we are working on, our unrelated stock
holdings certainly can no longer be called our major asset. I would
say the shareholders can look forward to UPDA making oil and natural
gas for many years to come.
market cap only $7 million
o.30 upda
0.29$ cents
UPDA has more than $1 billion in oil reserves
Representatives of UPDA were equally excited by the outcome of this
effort. "We have now invested over $1.5 million in this asset," said
Chris McCauley, UPDA Vice President. "The success of this project
firmly establishes our place in the oil and gas business. With the
proven reserves in excess of $1 billion that have been independently
certified in the prospects we are working on, our unrelated stock
holdings certainly can no longer be called our major asset. I would
say the shareholders can look forward to UPDA making oil and natural
gas for many years to come.
market cap only $7 million
UPDA has more than $1 billion in oil reserves
Representatives of UPDA were equally excited by the outcome of this
effort. "We have now invested over $1.5 million in this asset," said
Chris McCauley, UPDA Vice President. "The success of this project
firmly establishes our place in the oil and gas business. With the
proven reserves in excess of $1 billion that have been independently
certified in the prospects we are working on, our unrelated stock
holdings certainly can no longer be called our major asset. I would
say the shareholders can look forward to UPDA making oil and natural
gas for many years to come.
market cap only $7 million
UPDA UPDA the star today !!!!!!! easy 0.50 cents
UPDA 0.28 cents ...... easy 0.35
UPDA ready to explode
Go DIAAF !!!!!!!!
Go DIAAF !!!!!!!
Go DIAAF !!!!!!
Go DIAAF !!!!!!
Go DIAAF !!!!!!!
Go DIAAF !!!!!!
Go DIAAF !!!!
Go DIAAF !!!!!!
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go diaaf !!!!