UPDV - Universal Property Development and Acquisition Corp. - Page 19

Thoughts?

Is this stock worth throwing a few bucks at?


http://www.reuters.com/article/press...008+BW20081229


HOUSTON--(Business Wire)--
As they prepare for the new year and a new era of business development,
Continental Fuels (CNFU.PK), Heartland Oil and Gas (HTOG.PK) and Universal
Property Development (UPDV.PK) have combined their operations in order to reduce
costs. As a result, Continental Fuels CEO Tim Brink has assumed control of the
combined operation.

"We have analyzed the operation from top to bottom and eliminated duplication of
effort particularly in upper management and accounting," reports Brink, now the
CEO of the entire group of companies. "We continue to maintain sufficient
personnel to operate all of the Heartland wells as well as at the Port of
Brownsville and Geer Tank Trucks. In the current economy, particularly in light
of the falling price of oil and gas, we have moved aggressively to protect and
pursue our business model."

With the cooperation and assistance of its main lender, Sheridan Asset
Management, the restructuring will allow Heartland to continue to grow as UPDA`s
exploration and production arm and Continental Fuels, Inc.
(www.continentalfuels.com) as its trading and marketing subsidiary. As a result,
the new management expects to significantly expand shareholder value for the
entire UPDA conglomerate.

For more information about Heartland Oil and Gas Corp., please visit
www.heartlandoilandgas.net

About UPDA

Universal Property Development and Acquisition Corporation
www.universalpropertydevelopment.com is focused on identifying oil & gas
companies with proven energy reserves and innovative alternative energy
companies with proven technologies.

IMO it is.

HOUSTON--(BUSINESS WIRE)--Universal Property Development and Acquisition Corporation (UPDV.PK) has entered negotiations with an experienced oil and gas producer for the management and improvement of its oil and gas production properties in Kansas and Texas. According to the initial proposals between the parties, UPDA will retain all of its current production while the new partner will undertake field improvements and maintenance and share in the resulting increase in production.

The proposed partnership will result in increased oil and gas production, reduced expenses and state of the art maintenance and technological improvements to UPDA’s production fields in Palo Pinto and Jack County Texas and Miami County Kansas. The partnership, which is expected to be implemented immediately upon conclusion of negotiations, will provide the UPDA fields with additional production personnel and capital improvements.

As UPDA management negotiates to improve and enhance production from its existing oil and gas wells, it also continues to negotiate with EOG Resources for a previously disclosed farm out transaction that would result in a new Barnett Shale drilling program on UPDA’s properties in North Texas. This new drilling program would also result in additional revenues to UPDA with no additional cost or expense. These transactions further demonstrate UPDA’s aggressive action to restructure, increase revenues and reduce expenses in order to build shareholder value.

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.

For more updates on this press release and other information follow us on TWITTER - UPDANEWS


Contact:
UPDA
Timothy Brink, 713-231-0330
Chairman
info@updac.com


UP 8.80% TODAY! I HONESTLY BELIEVE THAT THIS STOCK IS GOING TO SKY ROCKET IN THE NEAR FUTURE!

Maybe a few hundred bux on this one. But seems to be stuck at 0.0049. I wonder if it was going up recently in anticipation of the news. Now the news it out. Not sure where it goes from here.

Well it may not move up as soon as we would like, but this company has GREAT potential! Im going long on this one.

Possible breakout?

UPDA Executes Crude Oil Contract with Shell Trading (US) Company - New Purchase Contract to Improve Margins on Transported Crude Oil

31 minutes ago - Businesswire

Related Companies
Symbol Last %Chg
UPDV 0.0026 0.00%

As of 12:00 AM ET 7/1/09
Universal Property Development and Acquisition Corporation (Pink Sheets:UPDV) has completed negotiations on a long term contract to sell the crude oil it purchases and transports. The new purchase contract is with Shell Trading (US) Company, is effective July 1, 2009, and will establish larger margins and further improve UPDA's competitiveness.

"This new agreement for the sale of the oil we purchase and transport from the North Texas oil fields, establishes firm consistent prices based upon the ConocoPhillips West Texas Intermediate posting, guarantees payment within 20 days and improves our margins," reports UPDA CEO Tim Brink. "In conjunction with the new financing we have recently obtained, we will now have a competitive advantage both in price and terms. We expect these advantages to allow us to substantially grow this part of our business."

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.

Is this Shell Trading another name for the place where I purchase my gas? If so, is this news going to send this stock through the roof?

Up 53% in 10 minutes! WOW!

Yes this is the actual Shell Oil and Gas Company. And we ALL know that Shell is a strong and powerful company! Check out this linhttp://www.shell.com/home/content/shipping_trading/k.

This contract could be the one to send this stock through the roof! As i have read over the entire forum for this stock, I have yet to notice them EVER making a deal with a MAJOR company such as Shell oil and gas! I have great confidence in this company due to my own DD. This company is determined, strong, and dependable. I am in it for the the long haul. I'm sure that they wont stop at this contract either! They still have MORE work to do! However, they are definetely on the right track!

This stock wants to break 0.005. I know it does!! Keeps making runs toward it but then levels off.

Good jump this morning on huge volume.

Well if there isnt a lot of people trying to sell their shares tomorrow, it will be another lovely day!

Any thoughts on this one? I'm down about 50% on my portfolio on this position. Looks to me like some consolidation recently. Any thoughts?

Hi there

I have been studying this stock months ago. Looks like consolidation but don't know if will rise soon.

UPDV will rise someday but don't know when. However I think now is the moment to buy. The historical prices show us the up&down of this stock.

Make your choice.

hmmmm

anyone know the OS count? Scott is showing 101mil. This looks to be incorrect.

Up 2,400%!!

Wow! Up 2,400%! Wish that wasn't an error! Will they correct that?

WOW! It has stayed up at 2,400%. Does it look like the next trade might correct this? Or perhaps it wasn't an error?