Eine Chance auf ein paar Prozente ? A0ETWH
siehe mal
http://yahoo.brand.edgar-online.com/...0001144204-06-034998&Type=HTML
June 30, December 31,
2006 2005
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ASSETS
Current Assets:
Cash $ 380,241 $ 132,935
Marketable securities 750,000 1,000,000
Accounts receivable - oil and gas sales 82,451 13,137
Other current assets 225,548 672
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Total current assets 1,438,240 1,146,744
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Property and Equipment:
Oil and gas properties, using full cost accounting
Subject to amortization 3,333,725 1,311,546
Not subject to amortization 357,784 623,860
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Gross oil and gas properties 3,691,509 1,935,406
Accumulated depletion (225,204) (13,311)
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Net oil and gas properties 3,466,305 1,922,095
Office equipment, at cost, net of accumulated depreciation of 7,475 and
104, respectively 142,892 2,391
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Property and equipment, net 3,609,197 1,924,486
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Acquisition of Catlin 2,301,000 --
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TOTAL ASSETS $ 7,348,437 $ 3,071,230
============ ============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable and accrued expenses $ 1,071,860 $ 485,544
Notes payable 116,350 161,413
Notes payable - related party 150,696 --
Due to USPX 6,054 2,041
Due to Sundial 1,577 --
Due to royalty holders 11,659 --
Income taxes payable 3,647 2,219
Other current liabilities 2,921 --
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Total current liabilities 1,364,764 651,217
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35% minority interest in Canyon Creek Oil & Gas, Inc. subsidiary 623,625 609,691
25% minority interest in Texas Energy, Inc. subsidiary 138,393 --
30% minority interest in West Oil & Gas, Inc. subsidiary 14,064 --
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Minority Interest 776,082 609,691
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STOCKHOLDERS' EQUITY
Common stock, 2,000,000,000 shares .001 par value authorized, 177,428,108
and 32,964,256 shares issued/"to be issued" and outstanding, respectively 177,428 32,964
Convertible preferred stock, 500,000,000 shares .001 par value
authorized, 236,825 and 237,106 shares issued and outstanding,
respectively 237 237
Class A convertible preferred stock, 100,000 shares 10.00 par value
authorized, 100,000 and 100,000 shares issued and outstanding,
respectively 1,000,000 1,000,000
Class B convertible preferred stock, 5,113 shares 1,000.00 par value
authorized, 5,113 and 1,473 shares issued and outstanding, respectively 5,113,000 1,473,000
Additional paid-in capital 31,725,698 27,654,212
Accumulated deficit (32,808,772) (28,350,091)
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Total stockholders' equity 5,207,591 1,810,322
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Total liabilities and stockholder's equity $ 7,348,437 $ 3,071,230
============ ============
soeben von 58 auf 54 einige harterkämpfte "pünktchen" (von cent kann man ja nicht sprechen) runter.
avalon geht mit sehr wenig umsatz den bach runter
das passt irgendwie nicht zusammen
Upda da hingelegt hat an einem Freitag.
Und fast alles aus dem ask ;-)
Auf eine dunkelgrüne Woche mit Upda.
Frankfurt 18.09.06 09:21 0,045 +0,004 +9,76 510.085 0,044 0,045 0,001
XETRA 13.09.06 13:35 0,03 -0,014 -31,82 44.501 0,03 0,10 0,070
Berlin-Bremen 18.09.06 09:10 0,043 +0,008 +22,86 0 0,043 0,046 0,003
NASDAQ OTC BB 15.09.06 21:59 0,056 +0,006 +12,00 7,3 Mio. 0,056 0,0565 0,001
Landmark Completes Mobilization at Catlin Field - Pace of Program to Increase - Ambient to Develop Plan for Canyon Creek
MONDAY , SEPTEMBER 18, 2006 06:29 AM
JACKSBORO, Texas, Sep 18, 2006 (BUSINESS WIRE) -- Now that Landmark 4, LLC has completed its mobilization to UPDA\'s Catlin Oil and Gas Field in Jack County, Texas, Universal Property Development and Acquisition Corporation (OTCBB:UPDA) subsidiary, Ambient Wells Services, Inc., is preparing an expansive plan to pursue similar programs at the various oil and gas fields owned by another UPDA subsidiary, Canyon Creek Oil and Gas, Inc. Once this plan is complete, Ambient will have crews working in Canyon Creek\'s fields in Archer, Coleman and Palo Pinto Counties while Landmark continues its efforts on Catlin with a crew of 10 or more men and hundreds of thousands of dollars of equipment purchased specifically for this aggressive project.
"These projects demonstrate the application of our new business model, revised to utilize our own crews and management to complete the well service work," said Chris McCauley, UPDA Vice President. "As a result of previous disappointments, UPDA management re-visited its business plan and determined that its own efforts resulted in the successful acquisition of many promising properties but its reliance then on others to manage and direct the workover of those properties was not succeeding in the same fashion. Accordingly, we assembled a team of our own experts and established Ambient Wells Services, Inc. to manage the projects and ensure their successful completion. The programs on Catlin, Archer, Coleman and Palo Pinto are just the beginning of what we are confident is a business plan that will ultimately generate the production that we always believed these properties were capable of generating."
"Now that we are in a position, using Ambient and Landmark, to properly repair and rework these wells and pipelines using our own crews and competent contractors, we have every reason to anticipate steady progress and immediate success," said Ambient COO Gaby Damary. "As demonstrated by last week\'s return of 7 wells to production on Catlin, we will be moving forward from this point with great urgency. At the current pace, we expect to have the 64 Catlin wells and pipeline completed and producing within Landmark\'s 60 day bonus period and Ambient\'s crews will be well on their way to increasing and restoring the production from as many as 75 Canyon Creek wells. We look forward to the work ahead of us."
The continuing progress of this project will be reported by UPDA as it continues to update its website at: www.universalpropertydevelopment.com.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
SOURCE: Universal Property Development and Acquisition Corporation
Schaun wir mal was die aktuellen Förderzahlen zu bieten haben!
Werden wir endlich belohnt für das lange Leiden...?!?