Heartland Oil and Gas (fka HTOG)

[A44975]

IS UPDV Merging with Exterra Energy Inc.? Read below and see what you can make out of it.




don´t know for sure, but there is a possibility that UPDA is on the way to a merger with Exterra.

this was the first try

MAJORITY WRITTEN CONSENT
OF
THE STOCKHOLDERS
OF
UNIVERSAL PROPERTY DEVELOPMENT AND ACQUISITION CORPORATION

The undersigned, being a majority of the stockholders of Universal Property Development and Acquisition Corporations (the "Corporation"), a Nevada corporation, acting in lieu of a meeting pursuant to Section 78.320 of the Nevada Revised Statutes ("NRS"), do hereby consent to and adopt the following resolutions as if taken at a duly held meeting of the stockholders of the Corporation:

WHEREAS, pursuant to the organizational documents of the Corporation, a Board of Directors (the “Board”) consisting of three members must be selected, and

WHEREAS, there currently exists two (2) vacancies on the Board, and

WHEREAS, the shareholders whose signatures are attached hereto have concluded to appoint the following individuals to the Board, it is hereby

RESOLVED, that, pursuant to section 78.330 of the NRS, Mr Robert Royal and Mr. Todd Royal are hereby elected as members of the Board of the Corporation effective as of the date of the execution of this Consent of Stockholders by the holders of a majority of the outstanding common stock of the Corporation and that as of such date Mr. Royal and Mr. Royal shall be authorized to act on behalf of the Corporation in such capacity; and be it further

RESOLVED, that such members shall serve as members of the Board of the Corporation without compensation but shall be held harmless and indemnified by the Corporation for any and all lawful action that they take or decisions they make in such capacity; and be it further

RESOLVED, that any action heretofore taken and all other documentation heretofore delivered by the officers or directors of the Corporation in furtherance of the foregoing resolutions be, and such actions hereby are, authorized, approved, ratified and confirmed in all respects.

Signature page to follow



IN WITNESS WHEREOF, the undersigned have executed this Written Consent as of the ____ day of September 2009.


NAME SHARES


__________________________ ________________________
Print Name:


-------

Dear UPDA Shareholders -



While we greatly appreciate the confidence that you have shown in your attempts to appoint us to the Board of Directors of Universal Property Development and Acquisition Corporation, we regret to inform you that the current management of UPDA has refused to acknowledge that appointment, claiming that they have amended the By Laws of the company in order to limit the rights of the shareholders to make such appointment. While we strenuously disagree with their contentions and doubt their authenticity, we have been advised by our attorneys that we cannot enforce our appointment to the Board without the institution of legal action that would be time consuming and extraordinarily expensive for both us and the company. As such, we have no alternative but to report to you that we will not be accepting your appointment of us to the Board of Directors and we will, rather, restrict our efforts to the ongoing development of Exterra Energy, Inc. (OTC BB: EENI).



Although we will not be taking our seats on the Board of UPDA, we remain sympathetic to the plight in which you, the shareholders of UPDA, presently find yourselves. In our investigation of the companies affiliated with UPDA including Continental Fuels, Heartland Oil and Gas and Geer Tank Trucks, we were most frustrated to discover that they were subject to numerous lawsuits and we were informed by the attorney that represents them and claims to sit on their boards that the companies and the current management are also subject to criminal investigation and have already had assets seized by Federal Law Enforcement Authorities. Mr. Saunooke also informed us that they (he and Mr. Brink as the alleged members of the Board of Directors of UPDA), had stripped UPDA of all of its assets, transferring them to Continental Fuels in a transaction that, in our opinion, appears questionable at best.



Finally, Mr. Saunooke refused even to provide us with any documentation relative to his claims so we cannot even report to you that we are certain that any of his claims are true. It was our sincere hope and belief that we may have been able to rescue the companies from their catastrophic circumstances but given the refusal of Tim Brink, the CEO of the companies, and Robert Saunooke, his attorney, to recognize our appointment, we have no alternative but to withdraw from the situation.



Should you decide that further action is warranted, please be advised that we are prepared to cooperate with you and we will provide you with any information that is available to us. We certainly wish you and the companies the best of luck and we deeply regret that Mr. Brink and Mr. Saunooke refused to allow us to utilize our resources to assist them.



Robert and Todd Royal


now EENI brings out this news

Exterra Energy Inc. Signs Letter of Intent to Merge with Industry Partner

FRIDAY , JANUARY 14, 2011 09:22 AM

AMARILLO, Texas--(BUSINESS WIRE)-- Exterra Energy Inc. (OTCBB: EENI) announced today that the company has signed a Letter of Intent to merge with an Industry Partner. The terms and conditions of this merger will be disclosed when the Company announces the Definitive Agreement which is expected to be announced in the very near term.

Management is eager to close this transaction because of the synergistic opportunity the combined companies represent increasing the portfolio of assets and cash flow.

Exterra will be enhancing its management team by adding a highly skilled individual with over 40 years of experience in the Oil and Gas space. His most recent Major Oil company experience was with Exxon Oil Company as a top executive.

The CEO of the Industry Partner stated, "We are pleased to be able to reach this agreement and feel that the combined companies will open up much larger opportunities in the oil and gas space for the new company."

Current Exterra management welcomes the depth and breadth of knowledge and experience that this individual carries to help guide and direct the future path of the company.

Todd Royal, CEO/President of Exterra, commented, "This planned merger of the two companies will bring an additional 5MM Barrels of Proved Reserves along with an increase over current production of more than 140 barrels per day. This enhancement of resources will add to shareholder appreciation as well as give the combined company some attractive financing opportunities."

Commenting further, Mr. Royal said, "This acquisition cements management's plan to grow with Proven Developed Producing (PDP) assets, thus increasing revenues, net earnings and shareholder value."

About Exterra Energy, Inc.

Exterra Energy, Inc. (OTCBB: EENI) is an emerging oil and gas exploration production company based in Amarillo, Texas, with a Field Office in Parker County, Texas. Exterra is committed to a strong acquisition strategy purchasing producing oil properties that are undervalued due to current market conditions. Exterra is primarily active in the development, acquisition and operations of oil & gas properties. Please visit our web site at www.exterraenergyinc.com.

Safe Harbor

Statements about the company's expectations, including revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward-looking statements.

Source: Exterra Energy, Inc.

Redstone Communications, LLC
Investor Contact, 317-337-1800
[e-mail]

http://finance.yahoo.com/news/Exterra-Energy-Inc-Signs-bw-2868978989.html?x=0&.v=1

mark mcbryde is the operator of EENI and runs also the wells of UPDA

it is only a possibility, but some points fit. maybe someone can bring in his dd to confirm that.