Universal Property Development Corporation (fka UPDV)

[imshredin2]

There are 60 wells at the Catlin site alone! I just discovered this board. I have been watching the board over at TKO and did a search and found this forum. Thur. I called IR at UPDA and talked to Jack for 15-20 minutes. I told him I thought they had only spent $4-5 mill to get to this point and he said that was true. They feel that with gas and oil at these levels ,the payback period on the entire investment in workovers,leases equipment ect. will be less than 2 QUARTERS!!!! If you (anybody)are in this at much higher pps,Have some guts and buy a little more at these bargin prices. He also said that the model works even down to oil at $40/bl. They also plan to revive the deal with PEMEX. Due to the elections in Mexico that was put on hold. He said at the time it was a little unsafe for employees working in that area.That deal is easy money when they get it going. They already own the facility and are basically getting a fee for storage OF THE DISTILLATE opps! It's a pass through. Call IR and talk to Jack if you want to get some info for yourselves. Shred