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Big opening coming! .oo55
Here is what we need Jack to do now. Has someone talked to Jack Baker lately? Anyways below is what we need now and deserve, its been to long.
Universal Property Development Management Update
The Board and Management of Universal Property Development and Acquisition Corporation (OTC BB: UPDV) (www.universalpropertydevelopment.com) are pleased to report to the shareholders on the continuing operations of UPDA and its subsidiaries.
Over the past year, UPDA has focused its efforts on building a group of companies that allowed it to become an integrated oil and gas company. We have acquired Heartland Oil and Gas Corp. (OTC BB: HTOG) (www.heartlandoilandgas.com), with its vast acreage in Kansas. We then transferred UPDA’s oil and gas production in North Texas, establishing Heartland as our exploration and production arm.
Continental Fuels was launched to become UPDA’s oil and gas marketing company, acquiring UPDA’s facilities at the Port of Brownsville and then purchasing Geer Tank Trucks, Inc., a long established crude oil and water hauling company in North Texas.
Aztec Wells Services, Inc. was conceived to provide oilfield services and UPDA invested in the necessary equipment and machinery and recruited experienced management and personnel to properly maintain and expand its oil and gas assets.
Our companies are growing and executing on their business plans. Since its acquisition by UPDA, Heartland has drilled 21 new wells, increasing its total number of wells to 38 in Kansas and 62 in Texas. Heartland’s current production exceeds one million cubic feet of natural gas per day, and its gross income exceeds $250,000.00 per month. This is in comparison to $35,000 in gross revenues generated by Heartland at the time it was acquired by UPDA in April 2007. Heartland is now in the process of building a 4.5 mile pipeline that will enable it to connect 12 additional existing wells in Kansas, increasing production by a minimum of 400,000 cubic feet of gas per day and establishing a critical hub for further expansion.
During the past year, UPDA and related parties provided Heartland with over $4,000,000 that was invested in its Kansas operation. With this strategic investment, particularly in the pipeline and the gathering system, Heartland has solidified its dominance in the region as the exclusive source of gas transportation and treatment services, providing a competitive advantage as it seeks to obtain additional oil and gas leases. Heartland will continue to grow and execute its plans to extend its pipeline another 12-15 miles and drill additional wells along its expanding hub of operations in Southeastern Kansas.
Aztec Wells Services, UPDA’s oilfield services and well drilling subsidiary, has been instrumental in contributing to the achievements of Heartland Oil and Gas in Kansas and Texas. In addition to drilling Heartland’s wells in Kansas, Aztec is now building its pipelines and maintaining and expanding Heartland’s production in Northern Texas.
Continental Fuels has resumed shipping product from the Brownsville facility and successfully expanded the business being generated by Geer.
UPDA has financed most of its expansion and acquisitions with debt which is being serviced by operational revenues. The restrictive covenants of those debt obligations have recently limited our ability to grow and pursue our ambitious expansion plans. It has also hindered our capacity to create maximum value.
The challenges of a year ago to attract institutional money, private equity and private investors to our companies has changed and now that we have amassed quality assets within our subsidiaries and are generating revenues that are attracting the sought-after attention, we must now refocus our strategy to achieve expanding shareholder value. With some of our subsidiaries reaching levels where they can stand on their own and develop their business plans outside the scope of UPDA’s day to day control, our plan is to allow those subsidiaries to become more autonomous.
Going forward, we will continue to work with our public subsidiaries, providing assistance for further acquisitions, growth and alignment with capital. Heartland and Continental have matured to the level where capital is very crucial for their expansion and the retirement of the existing restrictive debt is a necessity. With the recapitalization of these companies, they are well positioned to achieve greater successes on their own. With this expanding autonomy, we at UPDA intend to distribute more of these companies to our shareholders once the capital is secured and the debt is retired.
With respect to Aztec, it has been determined that additional acquisitions are needed to diversify its client base and expand its geographic reach. With access to proper financing, as well as additional preparations to insure an adequate capital structure, its capacity for autonomy will also be established.
It has been a challenging and rewarding year for UPDA as it has matured from start up to an established company with solid assets and expanding revenues. With its well focused goals and refined strategy, management is confident of the future success to be enjoyed by our loyal shareholders.
About UPDA
Universal Property Development and Acquisition Corporation is focused on identifying oil & gas companies with proven energy reserves and innovative alternative energy companies with proven technologies. Once identified, the viability and potential of the targeted company is subjected to a rigorous multi-step review and investigation.
First, the potential company's financial records, legal standing and geological or technological potential are thoroughly examined by the UPDA Due Diligence Committee. If the candidate passes this test, a recommendation is made to the Acquisition Committee which conducts initial negotiations and presents its conclusions to the CEO and Board of Directors who will secure the acquisition.
Once the acquisition process is complete, the acquired company becomes a subsidiary of UPDA and the incubation process begins. UPDA provides the subsidiary with financial, legal and scientific support in order to develop its assets and perfect its innovations allowing its management to concentrate on its business plan and operational objectives.
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.
Universal Property Development and Acquisition
Corporation
Investor Relations
Jack Baker, 561-630-2977
info@updac.com
Looks like a nice open coming. .005 to .0052
It could be a good day here, finally, its been a tough week for this kid but hoping for a solid finish.
I think so to, I will try and add early. Its been a tough week. I wish these guys would put out a damn company update, geese
Hey guys, all my stocks not doing great but that okay for now anyways. Question for the board, wouldnt and would they, please put out there own pr about what they are doing and expecting and so on. Who chats with these guys as of late? They need to let shareholders know how they feel about the companies under there wing, and future projections and so on. Wouldnt it be nice to get a strong afternoon pr about UPDC and not all the other hype.
Positive news about a great future and new contracts hitting email wires!! see you all at .01 today!
Yes!! stock moving up already!!!
big news being leaked! and more time is very good from the email i just got. lots of buying going on right now
Coaldollars I think your expertise is most warrented here! Please post a bit more, I know I really take it in. As far as our pps, do you see it at .10 by tomorrow and where do you believe we are valued at pps wise now. Thank you
Thats forsure man! 175,000 has been traded pre-market at .0375
Waiting to see if it pulls back is very risky here. The pull back might not happen to .05 or so A decision you have to make on your own
.036 to .037 but it will open around .04 What people dont get looking at l2, is with production happenning now and momo coming here. People are going to be buying like crazy. If they pulled all there sell orders through .04 and .05, what do you think would happen? The buyers will move up to0 the shares avaible and the sellers profit that much more. But hey, its all good.
Good luck man and I love htog. But why in the heck would we see a spike? We are delayed in production on the 12 wells, the reason why we are here! But good luck man, and be carefull on the headfake in the first ten mins, I think my htog is on it way down today because of the delays. But whatever you buy it at, its all good come august!! Good luck man
Hey Bobby, I am suprised at the delay news in our htog! But it gives us more time to add. They will sell off today because people thought production was coming. As far as this beauty, I cant find anything on any board with this much NOW potncial. It will open around .04 and close to .08
Its already gapped up tp .036 and the bid follows seconds after the ask goes up!! People know where this is going!!
Slick your right! htog is about to sell-off again because production is delayed on the new wells now until August. Usve, well we have that share issue right now and upda is going to see new lows today because of htog. I will add to all of them, but the clear play is right here! MOMO is on its way here. We will do over 5 million dollars today. A close over .07 is very very likely.
Absolutely you are correct, do your dd. And read cndkid10's prior post. You can wait with Pedro and then pay well over .10 even on Monday of next week. You know how many people were waiting for confirmation which they got yesterday? People wanted to know if they would make it to the coal and they have. The .07 high will be long gone maybe even as soon as today. The facts are here now! NOW! This can run like ncey but on better fundementals. As far as uvse, I own it and yes they pulled back, a buying opportunity for those that believe. If you know of anyother better play then this that is actually producing and not delaying, let us all know!!
Thanks man for the info! That means more declines coming because of impatient people which means I have more time to add at lower prices!! I am going to have a very large position!! I am a little suprised though that production will not begin until August! Something must have happened to cause the delay. I will email him to find out what the delays are, we are supposed to be in production now. Thanks for the heads up though
Pinnacle Digest: Quest Minerals & Mining Sparks Interest Of Pinnacle Digest
Jul 10, 2008 (M2 PRESSWIRE via COMTEX) -- www.PinnacleDigest.com is a performance-driven online financial magazine and social network with a proven track record. After yesterday's news from Quest Minerals & Mining Corp. (OTCBB: QMNM) announcing that its Pond Creek Location has commenced its coal production operations as of Wednesday, July 9, 2008, our team has launched their exclusive investor controlled forum. Our staff and members have requested that all Quest Minerals & Mining shareholders join our community and share their thoughts on the company, its development and future outlook. One of the most important aspects when we research for new investments is to understand the sentiment of the current shareholders; that is why we have released this announcement - we want to know your opinion.
otcstockexchange.com: BPWI, QMNM, INBG, AUSE - OTCStockExchange.com Stock Alert
Rochester, NY, Jul 10, 2008 (M2 PRESSWIRE via COMTEX) -- OTCStockExchange.coms Stock Watch Alert this morning are Big Apple Worldwide, Inc. (Pink Sheets: BPWI), Quest Minerals & Mining Corp. (OTCBB: QMNM), International Building Technologies Group, Inc. (OTCBB: INBG), Aussie Soles Group
Quest Minerals & Mining Corp. (OTCBB: QMNM - http://finance.yahoo.com/q?s=QMNM.OB ) (Wed, July 9, 2008, 2:21pm ET)
Quest Minerals & Mining Corp., a Kentucky based operator of energy and mineral related properties, is very pleased to announce that its Pond Creek Location has commenced its coal production operations as of Wednesday, July 9, 2008.
Eugene J. Chiaramonte, Jr., President of Quest Minerals and Mining Corp., stated, ``I am ecstatic to announce that after a lengthy five month rehabilitation process, we have begun mining coal at our Pond Creek location. Despite a number of delays and setbacks experienced in bringing the property online into the coal production stage, we feel that production could not have come at a better time given the recent surge in global coal prices.''
According to GlobalCoal.com, the weekly index for power-station coal priced at the port in New South Wales (Australia) gained $22.69 to $194.79 per metric ton in the week ended July 4 for a record 6th week of increases.
The Pond Creek location is expected to be in full production mode within the next few weeks. Management aspires to then shift strategic focus towards bringing its Cedar Grove mine online.
Everett Hampton, President of Whitestar Mining, LLC stated, ``I am pleased to announce that coal is now being mined at our Pond Creek location. Once full production is achieved, we anticipate to mine approximately 1,500 - 2,000 raw tons of coal per day. In addition, we expect very similar output from our Cedar Grove property once it is brought online.''
Now that is awesome math and is very undervalued even with those numbers. People will be buying through .07 today knowing that they will still double on valuation alone. The momo will be here today and tomorrow and???? htog, upda, uvse, those have been hot but have shown a lot weakness and selling. Lots of people are sitting on there profits and they will be in here today!! I own all of those as well, but have been adding through the weakness. I through 17,000 dollars into this yesterday and feel it will be worth over 35,000 today. This is an amzing stock with great timing. Its still hard for me to believe that they have this much coal and its coming out now!! Just basic math here, but, 2000 pounds per day * 195 dollars per pound is 390,000 dolars of coal coming out of the mine everyday! WTF??? wow, This company will be attracting a lot of new contracts and a lot of new shareholders.
This cant be right, are you figuring that they will be, im sorry, I meant that they are pulling 290,000 dollars worth of coal per day???? If this is even close, we are going for a massive ride. And how can anyone sell on a gap in the morning when we are just getting started? lol But hey, everyone has there own style. Im loaded on these down days in my natural gas and oil plays and even rimm and others on the big boards. But this is my only coal play and I like it a lot. Dropped around 17,000 at it today and feeling good about it short term and long term! Have a good night folks and the attention will be coming this way in the morning. Tons of new money, and a close of atleast .06 Any thoughts on the close, anyone?
Now that they made it and they are producing and revenues everyday, you will see the momo come here now! People were worried about that and with whats going on elsewhere, you will see a ton of new boardmarks and buyers tomorrow!! And bashers trying scare you into selling!! I cant believe I was lucky enough to get into this even though the pr was let out of the bag at the slowest time of the day!! Nice job boys!! The .07 it touched on thinking they would reach coal will be long gone soon now that the coal has been reached end is coming out of the mine!! And now they are already expanding! My lord,, not to mention coal is going up and up, storm season coming and more. Thank you stock gods for letting me and us in at these levels! And to the folks that paid .045, you will be happt tomorrow, when we fly right past that! Hardly nobody even new about the pr! People will be moving out of other stocks to be here. Cocktail anyone!!!
It means if it closes at .05 today, the news and excitement will hit people after the close and come the open tomorrow the best ask could be .06! meaning it gapped up a penny!! Thats exactly what is going to happen
GAP GAP up tomorrow to .06!!!! This news came out at the slowest time of the day!! 2:30PM lol wait to everyone finds out, major major gap up tomorrow. This stock is going to fly, all the other ones are getting killed because people are selling to come here!!!!
I am so lucky I caught this news!! wait to everyone sees it later, the biggest woory was if they could get to actual production!! They did!! now its no more worries and go time. In for 500,000 shares at .035
Thats good news that they purchase from us and are happy with the business with us. Catch you folks later
WOW, that's a great find and makes sense on the stage they are in now. The next pr is going to be there biggest yet. Exciting, especially since mostly all the other ones around us are not doing well. We are holding nicely here.
Hey friends, Im out sorry! The AS increase is just to much for me right now. Im adding more at htog, our son! There do for momo coming back and news on the 12 wells. Good luck
Good luck folks, I kept a few but sold a lot. Have a bad feeling for now.. htog is where im adding, there dew for news and the momo is going back there if your interested. good luck
lol!!! I dont mind at all, I think people are moving out of the 2 other plays because of the AS news including our mother knowing there is big news about to hit us. It will be nice if we sit around .015 when the news hits on revenues and production on the 12 wells! Latest rumour I have heard was something about adding horizontal drilling because our results have been great. We shall see and if thats the case, horizontal drilling will increase the overall volume recovered and shorten the recovery time!!
This is getting ready for another majore run on news of production! Right through .02!
Im adding more here and taking some off elsewhere. I think the momo is on its way back here, honestly. Bad news on 2 of my other plays with there damn shares going up. And i feel good news is coming out here today or tomorrow. You will see me adding this morning, so if your selling, Im buying!
Hey friends, I own updv also, and if you do to you better keep an eye on your shares today. AS increase from 200,000 to 950,000
And whats out latest numbers here? Any scoops
Could be a bad day here, hope not. I will be watching my shares closely, whats some of the longs think? Thanks
I agree, PR today and back to .017
Way over sold yesterday and I added another million at .0085
The problem with panic selling something hot that has a future, is you then continue to watch and find yourself saying, OH man here it goes again and you chase it. I love adding on dips when I know what I own.
Sounds good to me, but I am not depending on them. Im turning off the computer and haveing a fat azz steak. Cheers
I would love to bet this will see big news tomorrow, gain the momo back again and puch its way back over .015 Any arguements, would love to mark the posts and watch tomorrow
Stacks, very well said, but the problem is and i know you know is that this is still attracting investors that ask questions like, " what does mm mean" I by know means want to be rude but they ran for the hills today because they followed. Retail selling and smart buying. Of course we need mo mo...... and it has left, I believe it will be back. I am holding a lot of shares and will add more slowly. I beleive this will be a big gainer. Good night
just picked another million at .0085. now off to the bar, its been a tough day, but a good day to add in the ones I like. I say news tomorrow and a jump up to .017
Excellent post and exactly why I held and added. Nice dd and so on.
Hey all, back in from the pool and its nice to see it holding up. I did some thinking and now that I see it holding up, I feel that we will cross through .025 again soon. The prs will be good, production and revenues will be nice to see. And yes the os and as are maxed still for atleast 6 weeks, but we still need new buyers here. Wouldnt be really nice to see it voted down because of some big things that occurred in the next six weeks. I will have a very good idea where my game plan sits after the production news coming. The real revenues if good, will move us up hard. As for now I hold and added already, focus on a few other plays now that are getting hammered down. Have a good day folks and welcome new shareholders.