Eine Chance auf ein paar Prozente ? A0ETWH
ons In Utah ( Investrend )
B: Universal Property Subsidiary West Oil & Gas Setting Up Operations In Utah (
nvestrend )
Jan 30, 2006 (financialwire.net via COMTEX) --
January 30, 2006 (FinancialWire) Universal Property Development and
Acquisition Corporation (OTCBB: UPDA) has accelerated its efforts to commence
operations in Utah through its West Oil & Gas, Inc. subsidiary, which has
established offices in Salt Lake City's landmark Wells Fargo Bank Tower.
West Oil Vice President Rene Kronvold has initiated review of several oil
and gas prospects in the Uinta Valley, the Altamont-Bluebell Field and
elsewhere in the state of Utah. "We are very anxious to commence operations
in Utah," reports Mr. Kronvold. "It has taken some time to get started while
UPDA focused on Canyon Creek, but with the remarkable success of UPDA's
operations in Texas, the resources now available will allow West to consider
opportunities that may otherwise have been out of reach."
In order to take advantage of those many opportunities, West will be
terminating its relationship with Dark Horse Exploration and Byron T.
Woodard. In conjunction with this termination, UPDA will increase its stake
in West to 70% and Masaood Group, LTD. and Kronvold will own 20% of the
outstanding shares.
Universal Property Development and Acquisition Corporation is enrolled in
Investrend Research's unique and pioneering professional analyst program,
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measure of a company's commitment to transparency and Good Governance.
Coverage on the company was irrevocably terminated on January 9, 2006, after
the company issued a press release that misled investors about its role in a
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downgraded the company from a "No Rating/3" to a "Suspended/1." Investrend
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management and key institutions are associated with it. Coverage was
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*** end of story ***
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Und das postet er am Abend das seine Teile zu 40 weggingen. Und wenn sie nun bei 50 wären hätte er sie auch noch. :-)
Taschenvoll Lügner fällt mir da nur ein. ;-)
SL bei 0,31 gesetzt
Antwort zu meinem Vorgänger, bei 0,50 wäre ich dann nicht drin gewesen mehr
aber von 0,33 bis 0,40 sind auch 21,21%
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greetz joker
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14:14
Kurs
0,310 EUR
Bid 0,320 Ask 0,330
100.000 50.000
Monday February 6, 7:59 am ET
HOUSTON--(BUSINESS WIRE)--Feb. 6, 2006--Canyon Creek Oil & Gas Inc. has completed its workover and is preparing to turn to sales the #3 Hagler Capps Lime Unit well located in the Hagler Capps Lime Field in Coleman County, Texas, as the Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) subsidiary continues its program to revitalize the oil and gas wells located on its leases in Texas.
The Hagler Capps Lime Field is comprised of 2 leases and 17 wells. Canyon Creek is currently producing 3 wells on the East Hagler lease and 1 well on the Hagler Capps Lime lease. The produced fluids will be pumped to a field separator and the oil will be delivered to the stock tank for sale.
Canyon Creek has already received a permit and will begin to inject produced water into the oil sand at the number 1-B East Hagler well to increase production on the east side of the field. The Company has successfully tested the 1-B Hagler for water injection and the Company has scheduled a meeting with the Railroad Commission of Texas field supervisor who will confirm the results. Field salt water captured from the field separating units will be piped to the 1-B Storage facility for injection.
Once water is injected into the number 1-B Hagler well, production should increase to 1,000 bo/m and 3,000 mcfg/m within 90 days.
As previously reported, Continental Oil Company, predecessor to ConocoPhillips, discovered the Hagler Capps Lime Field in 1954 and the field has a cumulative production of over 1,140,000 barrels of oil. The oil produced from the Capps lime formation is found between 1,900 and 2,000 feet below the surface. Continental successfully initiated water flood procedures on the west side of the field to enhance oil recovery soon after the field was discovered but water flood procedures were never utilized on the east side of the field where 3 wells still produce oil free of water.
The production from this field, as well as the production from all of its properties, will be reported by UPDA as it continues to improve and enhance its website at www.universalpropertydevelopment.com.
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Thursday February 9, 10:01 am ET
SALT LAKE CITY--(BUSINESS WIRE)--Feb. 9, 2006--Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) subsidiary, West Oil & Gas, Inc., has entered into negotiations with Homeland Gas and Oil, Inc. of Roosevelt, Utah for a well recompletion venture which is slated to be undertaken in Uintah County, Utah.
This project will be similar to other successful efforts in the same township and will include running new casing, well site refurbishment, logging, frac type stimulation and setting of a new Rotoflex Pumping Unit on the well known as the Ute 1-16 A1E.
Homeland Gas and Oil, Inc. (HGO) has numerous opportunities for both recompletions and step out drilling in the Bluebell/Altamont area. Homeland's "Stock in Trade" is solid prospective properties that have been under utilized. As prices for oil and gas have continued to rise, these properties have become more and more attractive and desirable. As indicated by Bob Ballou, Homeland Geologist, "this is an outstanding prospect with tremendous upside potential."
A mutually acceptable agreement for the venture will be entered into by all of the participants, including HGO and Landmark 4 LLC. An Area of Mutual Interest (AMI) will be established and the venture will be managed and operated by HGO.
Once the agreement is signed by all of the participants, the project will be funded for the estimated total cost amount of $863,310.00 and the funds put in escrow. HGO will draw on AFE funds for actual costs associated with the project. HGO management duties will include the following:
Preparation of a detailed chronological prognosis and task list.
Preparation of all sundry notices and notification to all State, Tribal and Federal entities.
Coordination of and preparation for the actual work being preformed.
Setting up a COPAS approved accounting system for the project as determined by the operating agreement, and determining a mutually agreed to notification system to inform all partners of every facet of the daily work, subsequent production and day to day LOE costs.
Baring any unforeseen weather problems, following the signing of the agreement preparations for the project should conclude within three weeks time. Actual time from start of workover to establishing production is anticipated to be 3-4 weeks in duration.
About UPDA
