Universal Property Development Corporation (fka UPDV)

[Buell]

Just my two cents

I don’t see the misconception. They have publicly told anyone and everyone that cares to read they have:

Current production from the 24 wells in the Cherokee Basin Coalbed Methane Field in Eastern Kansas is 600 mcfg/day although only 8 wells are connected to the sales line resulting in the delivery of 250 mcfg/day to market.

At this time only eight are connect, knowing that I would not expect to see revenues from the 600mcfg (this is only an estimate as well) but 250mcfg. I do agree its a little fluff, tell me the dates you will have all 24 on line. Now that would be of greater importance to a shareholder (return to investment)

The good is I see growth:
8 connected 14 more to connect and 5 more completed next week (get the !@#$ to work and connect these wells). Once connected they will have 41 wells to market

Now guys lets all be real, how long does it take to drill, stimulate and run 18miles of pipe? Rome was not built in a day and no one gets rich quick unless you’re a hot blonde willing to marry a wrinkled old guy.

There is no mystery here if your expecting these wells to come online one week after being drilled you need to better understand the process and magnitude of capitol required to complete this task.

current shorts approx 10000 (small)