UPDA is trying to lower it's debt. One way is by a fully take over of HTOG and make HTOG a fully owner sub. What does this mean to us? Are we going to get equal, more or less shares of UPDV? or with the low price of this stock, will there be an outright buy of all OS shares at MKT value. If so then we lose for those of us who purchased this stock at a higher amount and held it.
Below is from Tweeter
UPDANEWS
Management continues to work out plan to reduce long term debt and return to fully reporting status
8:09 AM Jun 8th from web Negotiations with EOG for Barnett Shale project moving forward. Formal announcement may come as soon as next week.
5:26 AM Jun 5th from web UPDA negotiating to reduce debt burden and streamline operations
7:00 AM Jun 4th from web Revenues from Lousiana bunker fuel contract initiated. UPDA to realize estimated $500,000 in gross profit during first 30-60 days.
6:29 AM Jun 3rd from web Offer from EOG sparks interest from several local operators in Barnett Shale joint venture. UPDA weighing options to drill on property
5:59 AM Jun 2nd from web Price of oil on the rise again. Over $68/bbl today. Natural gas is over $4/mcf
11:18 AM Jun 1st from web UPDA considering appointment of South Florida attorney Robert Saunooke to its Board of Directors
6:27 AM Jun 1st from web New $5 million line of credit may allow UPDA to purchase and transport liquids generated by Chesapeake Energy and Quicksilver Res in N Texas
8:09 AM May 28th from web EmergingStockReport.com reported initiation of unsolicited research coverage of Universal Property Development and Acquisition Corp May 26
6:01 AM May 28th from web Latest press released viewed on 16 separate websites by potential investors in five countries - broadest interest to date
6:45 PM May 27th from web From USA TODAY - Oil prices continued to rise Wednesday on signs that the recession may be easing and that demand for energy could rebound.
1:21 PM May 27th from web Contract signed and commenced for purchase of bunker fuel. Contract to generate $500,000 in gross profit in next 30 days
6:38 AM May 27th from web New UPDA management exploring options to return all companies to fully reporting status
8:07 AM May 26th from web Number of rigs actively exploring for oil and natural gas in the United States fell this week to 900 down more than half from a year ago.
7:30 AM May 26th from web EOG deal to be out in PR this morning. Negotiations proceeding in no lose opportunity.
5:57 AM May 26th from web EOG offering cash and royalty to drill wells on Barnett Shale property in N Texas - minimum of 6.5 million MCF gas in estimated reserves
11:35 AM May 22nd from web EOG estimates a minimum of 6.5 million MCF in natural gas reserves on Barnett Shale property in N Texas
9:20 AM May 22nd from web Company has received improved proposal from EOG for farm out Barnett Shale drilling on its 3000 acres in N Texas - more details to follow
5:49 AM May 22nd from web The financing announced yesterday was in effect a conventonal factoring agreement for the purchase or crude oil. No dilution was involved
7:25 AM May 21st from web UPDA rejects offer from EOG to farm out Barnett Shale deep rights on 3000 acres in N Texas. More favorable terms to be negotiated
6:14 AM May 21st from web more Name UPDA Corp
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