Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This stock is ready for a breakout.
By the looks of the stock price, I haven't missed much since I was here last. Spencer's Gifts? Is AD a novelty now?
Nice money flow into both UPDV & HTOG.
I wonder which private equity funds are ringing the phones at UPDV/HTOG now...
Press Release Source: Heartland Oil and Gas Corp.
Heartland Pursues Institutional/Private Equity Financing to Proceed with 300 Well Drilling Program
Monday June 2, 5:20 am ET
NEW YORK--(BUSINESS WIRE)--The management of Heartland Oil and Gas Corp. (OTC BB: HTOG - News) (FWB: HOCA) recently initiated contact with institutional investors/private equity funds that specialize in oil and gas exploration and production and pipeline construction. These discussions have focused on the development of at least 300 wells over the next 12 to 24 months.
In preparation for these discussions, Heartland previously developed gas-in-place-maps and identified 300 drilling locations in its Southeast Kansas area of operation. Heartland also obtained reports from its consulting petroleum engineers establishing reserve projections for the 10 year production life of each of these wells at 0.1BCF (100,000 MCF). At current natural gas prices of $12/MCF, this means that every well should produce $1.2 million over the life of the well.
Based on Heartland’s experience and knowledge obtained as a result of drilling and completing 21 wells, an injection well and building a 4 ½ mile pipeline, 99% of all wells drilled and completed in the Cherokee Basin produce gas in commercial quantities and the cost of each well on a turnkey basis including pipelines, flow lines and an injection well for every thirty producing wells is $130,000.
Heartland currently operates 38 wells in Miami County, Kansas, recently drilled and producing under this valuation formula. With the drilling of 300 additional wells at a total cost of $39 million, Heartland’s revenues should continue to grow at this rate or more in the ten years following completion of this expansion program.
“These numbers represent only the organic growth projected for our Kansas operations,” reports Heartland Spokesman Jack Baker. “Heartland also has significant properties in Texas that currently generate even more revenue. Based on these numbers and on the limited number of shares issued and outstanding on a fully diluted basis, we are very optimistic about the prospects for expanding shareholder value.”
First well in the area producing 65 barrels of oil per day, leases of 5+ years on over 500,000 acres...how sweet is that?
Great news! UPDV will rock past .01 today, just watch!
I just now saw your post goldbrick LOL. OK, one of us will get through tomorrow lol.
I just called IR of HTOG to see if I could speak to Jack Baker. The secretary that answered gave me his phone number (561-630-2977), but he was gone for the day. I will try again tomorrow though. The e-mail system through which I had sent one to UPDV via their website must not be working as it was bounced back to me as undeliverable.
I just fired off an e-mail to UPDV asking them if we would be getting some news anytime soon...if/when I get a reply back, I'll be sure to post it here.
CNFU also closed green today.
Strong close for both UPDV & HTOG. Buyers are definitely pouring in.
Absolutely, this is way undervalued.
Very nice! HTOG taking off with parent UPDV in the rear-view mirror. There must be a reason for all of the buying.
UPDV still ripe for new buyers. HTOG just printed .01! We're due some news.
why_meil, excellent post.
It looks to me like the market makers are trying to keep everyone off-balance with their fake runs, shakes, etc...ie, psychological warfare & manipulation games to keep the price under their control for now. Not worried here...this stock is worth way more than .005 so they will run this up when they're good & ready...probably when we least expect it. UPDV should be hitting us with some news any day imo.
Record oil prices during the past few months means that we should expect some pretty good numbers from UPDV when they file their earnings report on or before Aug. 15. The recent decline in oil prices shouldn't be viewed as a negative for UPDV/HTOG imo because not only will they do well ($) even with prices at or around $100-a-barrel, their intrinsic value has risen as well, imo, as our country is becoming more aware of the importance of domestic drilling, which should allow greater ease of facilitation in this industry regarding governmental regulations, financing, etc.
The next financial gouging of the public will be via natural gas prices, so UPDV will benefit from that as well. Huge potential here...the reward far outweighs the risk imo. Betting the whole farm on one stock would be bad investing, but I'm confident we're going to reap some nice gains here. GL!
We are due for some UPDV/HTOG news. This stock almost touched .01 recently before it pulled back to it's current level, and I still strongly believe that UPDV is going to see a price of .05 - .10 sometime in '08. This current price of .005 is an excellent entry for those who've been watching this and thinking about taking a position. Domestic drilling is now taking center stage and the UPDV subs appear to have a good foothold in this rising sector. Regardless of the pullback in oil prices, this co. will still do very well imo. Also keep in mind that HTOG is focused on getting another 300 wells up & running over the coming 12 - 24 months. Big potential here.
samplescave, even half of that (.20 - .25) would really be something. You never know.
panterra...correct me if I'm wrong, these are the dates of any/all splits dating back to Feb. of 2007:
Feb. 5, 2007 1 for 100 reverse split (UPDA)
April 13, 2007 3 for 1 forward split (UPDA)
May 12, 2008 10 for 1 reverse split (new symbol UPDV)
After doing the math, a holder of let's say 500,000 shares on Feb. 5, 2007 now has 1500 shares today. I do empathize with you. I've gotten caught on a couple of other stocks in the past myself where I ended up under water. I chalked it up to the experience of buying at the wrong time, holding too long etc., so I do feel your pain.
Both of the UPDA reverses were over a year apart, the most recent being in May of this year. For the sake of the conversation, I think it would be safe to say that **IF** there were to be another RS, it isn't going to be in the near future. Currently there are only 102M shares outstanding, with 900M authorized. So, before another possible reverse split could be executed, the co. would have to tap out all of the outstanding shares first...and they also have the option to raise the authorized amount as an alternative before executing a reverse.
Having said all that I'm hopeful that UPDV will not need to do another reverse, not even a year from now. A lot has changed from 2007...oil prices are at record levels and natural gas prices are rising as well...and UPDV has considerably expanded itself since then. Domestic drilling has now been thrust into the limelight. IE: This ain't your dad's UPDA!
The press release from May 19, 2008 stated:
'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.'
To me, this statement is part of the evidence that UPDV has turned the corner and is on the threshold of bringing some nice returns to those invested here. Dwelling in the past won't put $ in your wallet. All things considered, imho this will be trading between .05 - .10 (depending), so there is $ to be made here, regardless of what happened a year ago...up to you to figure out the best strategy that works for you. GL!
As a footnote, Yahoo finance information is generally a few steps behind the current numbers etc. for company info, but at least we can get somewhat of an apples-to-apples comparison to get a sense of what we might expect regarding the share price...just another measuring stick.
Amen koko...compare UPDV to another gas & oil co. that's very similar...AOG:
UPDV O/S: 102M
AOG O/S: 103M
UPDV annual revs: 30.8M
AOG annual revs: 28.5M
UPDV employees: 71
AOG employees: 66
UPDV stock price: .005
AOG stock price: .46
Just a very basic nutshell comparison, but it gives you a rough idea of the upside to UPDV (based on Yahoo info). Of course, AOG is listed on the AMEX & has a 51% stock ownership by institutions. While UPDV has neither of those two luxuries, it still seems the stock price for UPDV is out of whack...which is why I'm projecting .05 to .10 per share in the near future (however you want to define 'near future')...pending future developments and/or forthcoming announcements from UPDV.
UPDV: http://finance.yahoo.com/q/ks?s=UPDV.OB
AOG: http://finance.yahoo.com/q/ks?s=AOG
panterra...
not to bust your nuts, but it seems you've done a flip-flop since your first post here on March 11, 2008:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=27536939
'so todays pps of $0,016 just shows a factor 2 on the net book value from 9/30/2007. everybody knows that this is ridiculus at OTCBB. even if the o/s-number has increased to 900.000.000 the actual pps shows: UPDA is clearly undervalued.'
Natural gas prices are about double from a year ago: http://money.cnn.com/news/newsfeeds/articles/apwire/cfbb8e86b23c5e57318a2c3643fc8769.htm
Domestic drilling is in demand and co.'s would love to be where UPDV subs are right now imo...
US judge blocks gas drilling in Michigan forest By JOHN FLESHER, Associated Press Writer
Sat Jul 12, 6:35 AM ET
TRAVERSE CITY, Mich. - A federal judge has overturned a decision by the U.S. Forest Service to allow oil and gas drilling near a forest and a river in Michigan's northern Lower Peninsula.
U.S. District Judge David Lawson of Detroit ruled Thursday the agency had acted "arbitrarily and capriciously" in 2005 by giving Savoy Energy LP of Traverse City a permit to drill an exploratory well near the Au Sable River's south branch.
The proposed wellhead would be located in the Huron-Manistee National Forest about three-tenths of a mile from the Mason Tract, a 4,679-acre wilderness area prized by anglers and other outdoor recreationists.
Forest supervisor Leanne Marten said when approving Savoy's application that the project wouldn't significantly harm the environment and the company would be required to keep noise to a minimum.
But the judge ruled the Forest Service didn't consider how degrading the area could harm tourism, and said the agency did a "woefully inadequate" job of evaluating how the drilling might affect the Kirtland's warbler, an endangered songbird that nests in the area.
Two environmental groups, the Sierra Club and Anglers of the Au Sable, sued the government to halt the drilling. Joining the suit was Tim Mason, whose grandfather, auto executive George Mason, donated the original 1,200 acres to the state upon his death in 1954 and asked that it be maintained as wilderness.
"The ruling supports what my grandfather's vision was. It's a victory," said Mason, a Woodstock, Ill., businessman.
Huron-Manistee spokesman Ken Arbogast referred a request for comment to the U.S. Department of Justice, which represented the Forest Service in court. Andrew Ames, a spokesman for the department, said its attorneys were studying Lawson's ruling and had not decided whether to appeal.
A message seeking comment was left with Savoy.
Leaders of the environmental groups urged the company and the government to look for other places to explore for oil and gas.
"We've said from the beginning we didn't want to stop them from drilling," said Marvin Roberson, a forest policy specialist with the Sierra Club. "We want them to drill from a place that won't be harmful to the old-growth forest or the recreational experience."
Although the Mason Tract is state property, the federal government owns rights to minerals beneath it and leased production rights to Savoy. In 2003, the company filed for a permit to drill into one of its lease holdings.
The plan was to clear about 3.5 acres of forest for a well site on federal land, then drill beneath the Mason Tract at an angle. If enough gas or oil was found, the company intended to install a pipeline and build a production facility about a mile east of the well.
The U.S. Bureau of Land Management approved the project shortly after the Forest Service granted the permit. But it has been on hold since Lawson issued an order in December 2005 blocking the company from clearing land to get started.
Don't be worried about the increase in authorized shares. My belief is that they were increased not for diluting purposes, but for protection in case a bigger entity should enter the picture with thoughts of a takeover of UPDV. With all of the growth taking place through UPDV subsidiaries, they could become an attractive takeover target by a bigger outfit who would be willing to pay for immediate access to the areas where UPDV subs have drilling rights. In other words, the increase in A/S was a defensive maneuver to thwart any possible takeover attempts. Think about this...with nice revs beginning to flow in and more to follow, why would they need or even want to dilute...it wouldn't make sense to do so especially with the stock price at this cheap level. Diluting would only be shooting themselves in the foot. I don't expect to see any dilution, and **IF** they did, it would be very, very minimal.
STRONG BUY here gang.
UPDV blastoff...when you least expect it.
UPDV .05 - .10 soon...not if, but when imo.
I'll bet we get some news any day now. This stock should be at .01 minimum.
JusDePomme, I couldn't agree more.
News tomorrow would send UPDV soaring!
A close in the 9's looks good today!
It's better owning UPDV the parent co., but HTOG will still have days in the sunshine.
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.
http://biz.yahoo.com/bw/080519/20080519005566.html?.v=1
Heartland Pursues Institutional/Private Equity Financing to Proceed with 300 Well Drilling Program
Monday June 2, 5:20 am ET
NEW YORK--(BUSINESS WIRE)--The management of Heartland Oil and Gas Corp. (OTC BB: HTOG - News) (FWB: HOCA) recently initiated contact with institutional investors/private equity funds that specialize in oil and gas exploration and production and pipeline construction. These discussions have focused on the development of at least 300 wells over the next 12 to 24 months.
In preparation for these discussions, Heartland previously developed gas-in-place-maps and identified 300 drilling locations in its Southeast Kansas area of operation. Heartland also obtained reports from its consulting petroleum engineers establishing reserve projections for the 10 year production life of each of these wells at 0.1BCF (100,000 MCF). At current natural gas prices of $12/MCF, this means that every well should produce $1.2 million over the life of the well.
Based on Heartland’s experience and knowledge obtained as a result of drilling and completing 21 wells, an injection well and building a 4 ½ mile pipeline, 99% of all wells drilled and completed in the Cherokee Basin produce gas in commercial quantities and the cost of each well on a turnkey basis including pipelines, flow lines and an injection well for every thirty producing wells is $130,000.
Heartland currently operates 38 wells in Miami County, Kansas, recently drilled and producing under this valuation formula. With the drilling of 300 additional wells at a total cost of $39 million, Heartland’s revenues should continue to grow at this rate or more in the ten years following completion of this expansion program.
“These numbers represent only the organic growth projected for our Kansas operations,” reports Heartland Spokesman Jack Baker. “Heartland also has significant properties in Texas that currently generate even more revenue. Based on these numbers and on the limited number of shares issued and outstanding on a fully diluted basis, we are very optimistic about the prospects for expanding shareholder value.”
About Heartland Oil and Gas Corp.
In April 2007, Universal Property Development and Acquisition Corporation (OTC BB: UPDV - News) (www.universalpropertydevelopment.com) acquired a controlling interest in Heartland Oil and Gas Corp. and designated Heartland as its exploration and production arm. Since that time, UPDA has also established Aztec Well Services, Inc. (www.aztecwell.net) as its wholly owned field services subsidiary. For further information, visit www.heartlandoilandgas.com
What's also important to consider regarding UPDV is the movement that is taking place here in the U.S. for domestic drilling, which UPDV is establishing itself through a nice foothold with HTOG...the next thing that's going to hit the roof is natural gas prices so UPDV is in the right place at the right time.
Hello all...I did my dd on UPDV and am a new shareholder as of this past week & would like to wish everyone GL on their investment. There's no question in my mind this stock is going into the pennies (plural) range before long. GL to all & happy 4th of July!
GL gang...
I lost faith here & sold...moved my $ onto UPDV today. Will keep an eye on this though.
I'm still here, but highly suspicious since HFBV had put out at least one press release regarding the 'Illinois invasion' which I now believe was less than truthful. I'm still keeping an eye out for those hall-of-fame girls too.
.005!
ozzy52...
that's exactly what I'm talking about. It's been over 2 months since that pr and still not a beverage in a store. Why? I didn't expect credibility to become an issue with RR & Jim Brown running the show. Where has JB been anyway? Seems he's an absentee landlord.