3SOF

UPDA: On an EOD Run here... HOD .74 +14%

UPDA's price action bounced off my support line at .60 to close up 25% today. Looks like a buy signal to me. Though im fully invested ........... Anyone wanna lend me some money?

-fousc

UPDA's price action bounced off my support line at .60 to close up 25% today. Looks like a buy signal to me. Though im fully invested Angry........... Anyone wanna lend me some money? Wink

-fousc

We are a great candidate for the Amex and NASDAQ... Once we start posting earnings it could happen very easy... Also, with our reserves/valuation it should be easy... I think all shareholders should bring the idea to the attention of management through email and contact...

Canyon Creek Moves in Work-over Rig at its Archer County Regular Field Leases
Tuesday October 18, 8:23 am ET


HOUSTON--(BUSINESS WIRE)--Oct. 18, 2005--Canyon Creek Oil & Gas Inc. (A joint venture of Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) and USProduction & Exploration, LLC (USPX), a privately held Company) has delivered a work-over rig to its leases located in Archer County Regular Field. A work-over rig owned and operated by SCI Well Servicing moved to the East Vogtsberger Unit well No.1 to begin production enhancement procedures. The No.1 well was completed in the Vogtsberger sand at 4,735 feet.

Canyon Creek will pull the existing rods, down-hole pump and 2 inch tubing from the well. It will then order a new down-hole pump and test the tubing to 5,000 psi for integrity. The work-over rig will trip the new down-hole pump, rods and the tubing into the well. In order to further enhance the flow of oil, the well will be flushed with mild chemicals designed to clean corrosion and scale build-up formed over the open perforations.

"The work-over process on this well will take about two days to complete and then the rig will move to another well on the Vogtsberger Unit," says Canyon Creek's project geologist Steven Fall. "Canyon Creek will keep the rig in Archer County Regular Field until it has completed the 14 production wells located on the 960 acres. Altogether the Company expects to take a total of 24-28 days to complete the work-over process."

Canyon Creek has scheduled a logging company to rig-up on previously selected Unit wells to run gammaray-neutron correlation logs. These correlation logs will help the company geologist identify additional oil stringers in the Caddo and Vogtsberger sands. Once additional oil sands are identified, Canyon Creek will add perforations to increase flow rates.

Canyon Creek is also nearing completion of the modernization of its water disposal facilities on the property. The existing system was moved approximately 5,000 feet in order to be adjacent to the saltwater disposal well located on the leasehold. The salt-water disposal system has been modernized to accommodate the additional water anticipated after the work-overs are completed. New poly pipe flow-lines have been installed and the saltwater disposal pump overhauled. The Company purchased a new 300-barrel fiberglass storage tank as part of the upgrading process. The Texas Rail Commission has inspected and approved the completed stages of this modernization project.

14 more wells online by middle of next month is what I like..

UPDA "Canyon Creek will keep the rig in Archer County Regular Field until it has completed the 14 production wells located on the 960 acres. Altogether the Company expects to take a total of 24-28 days to complete the work-over process."

Perhaps this news will reverse direction today...

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2005%5C10%5C25%5C71671427.html%26clientid%3D168%26provider%3DBUSINESS_WIRE&symbol=UPDA

Today's news:

UPDA Projects 4th Quarter Revenue Of Subsidiaries - Should Approach Or Exceed $5 Million Per Month(a)

JUNO BEACH, Fla.--(BUSINESS WIRE)--Oct. 25, 2005--The management of Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) has completed the refinement of its business model in order to focus on oil and natural gas development and finalized its strategic planning and revenue forecasting for Canyon Creek Oil and Gas, Inc., its Texas subsidiary, and West Oil and Gas, Inc., its subsidiary in Utah.
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After meeting with the management of those subsidiaries over the course of the past month, UPDA is prepared to project the subsidiaries will generate gross revenues approaching or exceeding $5 million per month by the end of the 4th Quarter of 2005(a).

Since July, Canyon Creek, a joint venture with USProduction and Exploration, LLC. (USPX), has acquired seven oil and gas fields totalling over 3200 acres. It is performing a revitalization project in 5 of the fields and will have wells in each field in production this quarter. Conservative production estimates for the wells that will be brought on line this quarter indicate that Canyon Creek will produce approximately 100,000 mcf of natural gas(a) and more than 4250 barrels of oil per month(a).

Conservatively assuming gas prices of $10.00/mcf and oil prices of $60.00/barrel, Canyon Creek will be generating nearly $1.4 million per month of gross revenue(a). UPDA has recently agreed to increase its stake in Canyon Creek to 65%.

In October, UPDA entered into a joint venture with Dark Horse Exploration, Inc. and Masaood Group, USA and established West Oil & Gas, Inc. in order to develop the 4000 acre Dirty Devil Gas Field in Uintah County, Utah. Two wells are presently generating about 4500 mcfg per day. Three additional wells will be brought on line during this quarter, increasing conservative production estimates to nearly 320,000 mcfg per month(a). Should natural gas prices continue to increase as anticipated, West will generate as much as $3.5 million per month or more by the end of the 4th quarter(a). UPDA owns 60% of West.

The chart below details these production estimates.

CANYON CREEK OIL & GAS, INC.

Lease            Acreage  Wells Producing    Oil         Natural Gas
                           In 4th Quarter  Production(a) Production(a)

Coleman (Hagler)     915              12         900bopm    1,800mcfgm

Archer County        960              14          1,200

Palo Pinto           614              10            360         1,500

Inez                 243               1          1,950        78,000

Fayette
(Giddings)           80               1            300         9,000

Prideaux              40               1             60         6,000

Boyle Field          369               4            450

WEST OIL & GAS, INC.

DD 11-29                                                       45,000

DD 1-18                                                        90,000

DD 23-20                                                       90,000

DD 23-17                                                       90,000

DD 41-19                                                        1,800

The Dirty Devil Wells will generate nominal amounts of oil which have not been projected.

(a) Based on partial production and/or historical results.

About UPDA

Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) 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. For additional information visit: www.universalpropertydevelopment.com.

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.



--------------------------------------------------------------------------------
Contact:
     Peter Nasca Associates, Inc. (for Universal Property
     Development and Acquisition Corporation)
     Peter Nasca, 305-937-1711
     [email protected]

Sorry for the double post.  Maybe the threads could be combined. 

Jody

like this also in news

"UPDA has recently agreed to increase its stake in Canyon Creek to 65%."

UPDA; Trend reversal +35% HOD .60

UPDA: Ramping up for run next week! New project also on the way!

UPDA Subsidiary Canyon Creek Acquires 267.73 acre Lease in Boyle Field, Starr County, Texas
Monday October 31, 8:21 am ET


HOUSTON--(BUSINESS WIRE)--Oct. 31, 2005--Canyon Creek Oil & Gas, Inc. (a Joint Venture of USProduction & Exploration, LLC (USPX), a privately held Company, and Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News)) has completed the acquisition of a 266.73-acre oil and gas lease in Starr County, Texas. Canyon Creek has forwarded the lease documents and assignment and the bill of sale to the Starr County Clerk's Office for recording.
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The Company will hire an engineering firm to oversee the implementation of a water flood project to recover the maximum amount of oil from the reservoir. Once the water flood procedure is fully operational, the Company projects monthly cash flow, assuming prices of $57.00/barrel of oil and $9.50/mcfg, at nearly $1 million, after deducting for lease royalties, operating expenses and taxes.

The lease is located in the Boyle Field, an oil field that has produced over 1,259,000 barrels of oil. The Company conservatively estimates the remaining reserves total over 1,283,000 barrels of oil and 242,900 mcfg.

The purchase agreement provides for Canyon Creek to acquire 102 additional acres on which it expects to close within 30 days. The Company intends to drill and complete ten additional wells during the next twelve months to further develop the oil reserves. Oil production is projected to reach 1,000 barrels of oil per day when the lease is fully developed.

"This leasehold acquisition in Starr County is significant because it adds proven reserves to our portfolio," said Canyon Creek's president, Donald Orr. "We know the oil is there and the geology is straightforward. We are confident this field has many years of production ahead of it."

Canyon Creek Oil & Gas Inc. was formed in July 2005 as a joint venture corporation for the purpose of acquiring currently producing oil and gas properties, low risk drilling prospects and existing wells in need of state-of-the-art technology to improve profitability. Canyon Creek now has over 60 wells located on more than 2,000 acres in the Fort Worth basin. In addition to this most recent acquisition, the Company has also acquired properties located in the Inez Field in Victoria County and the Giddings Gas Field in Fayette County, Texas. Canyon Creek continues a revitalization program on all of its properties in order to improve production and bring more wells on line.

UPDA: UPDA Retains Investment Banker in China
Tuesday November 8, 9:23 am ET


JUNO BEACH, Fla.--(BUSINESS WIRE)--Nov. 8, 2005--Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) has hired Optech Limited and Nice Capital Limited of Admiralty, Hong Kong and Xicheng District, Beijing, People's Republic of China to serve as its investment bankers in Hong Kong and China.

Charles Hsin, a principal of these firms and a former Vice President of Citibank New York has been a UPDA consultant since May of this year. Mr. Hsin has been diligent in exploring alternative financial sources for UPDA throughout Eastern Asia.

As its consultant, Mr. Hsin is assisting UPDA in raising capital, investment banking in China and Hong Kong. He has also undertaken to introduce UPDA to international investors who are interested in opportunities in oil and natural gas exploration and production in the United States.

"We recognize that the oil and natural gas business is capital intensive," said UPDA Vice President, Chris McCauley. "Optech and Nice will assist us in meeting these capital requirements so that we may continue our aggressive program of acquisition, revitalization and drilling. UPDA is always looking for sources providing financial opportunities that will lessen the dilution of shareholders' interest and at the same time allow us to maximize shareholders' value."

"The relationship with Optech Limited and its affiliates in China and Hong Kong presents an added value to UPDA," continued McCauley. "It expands our horizon and opens new financial doors which will enable us to pursue additional and bigger oil and gas opportunities."

About UPDA

Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) 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. For additional information visit: www.universalpropertydevelopment.com

Should ease fears of dilution!

The real earnings report that will launch us will be the 4th qtr probably out late jan early feb for this current quarter.