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HOUSTON, Jan 26, 2006 (BUSINESS WIRE) -- Canyon Creek Oil & Gas Inc. (A Joint Venture of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) and USProduction & Exploration, LLC (USPX), a privately held Company) logged 16 feet of Yegua sand at the #1 Roberts Unit located on its 243 acre lease in Victoria County, Texas Tuesday afternoon. A cased-hole gamma-ray log confirms excellent quality sand and the neutron log run simultaneously with the gamma-ray indicates gas productive.

Canyon Creek expects to perforate the well before 10:00 am CST Thursday morning.

While logging the #1 Roberts Unit well, the gamma-ray/neutron tool set down on residual cement in the 2-7/8" tubing at 8700 feet. The Yegua "A" sand was found above 8,700'. Canyon Creek moved in a coiled tubing unit to drill out 30-40' of residual cement in order to access the more prolific Yegua "B" sand.

Donald W. Orr, President of Canyon Creek said, "We are very excited about the quality of the Yegua "A" stringer encountered in the well. When compared with other wells in the area, the Yegua "A" sand appears of higher quality based upon the gamma-ray measurements. The Yegua "B" sand should be even better."

The logging company is currently on location and the coiled tubing unit is working to remove the residual cement from the well. Once the cement is removed, the Company will continue logging operations below 8,700'. Canyon Creek anticipates logging 20' of excellent quality Yegua "B" sand and then perforating both the Yegua "A" and the Yegua "B" pay zones.

Upon original completion in 1990, the #1 Roberts Unit flowed at an absolute open flow of 9,000,000 cfg from the Yegua "B" stringer as reported to the Railroad Commission of Texas on Form G-1. The Form G-1 shows the well flowing 2,668 mcfgpd on a 8/64'' choke with 4,727 psi flowing tubing pressure.

"We intend to produce this well from both the "A" and the "B" zones," continued Orr. "Based on the logs and historical production reports, we are very optimistic of the results."