3SOF

Quote from: nmbr1ballr on April 03, 2006, 03:18:11 PM
with more PR's to come this week hopefully. 

UPDA loves to issue PR's so it's a good bet there will be another this week. They seem to issue one PR every 3 or 4 business days. There doesn't seem to be a correlation between the stock price and PR's though. It's not like other stocks where PR's drive the stock price. So I don't care if we get another PR or not. I just want the manipulators to let the stock run for a while.

I agree Lucas....let it run! 

I hope to see the 50MA and 200MA Golden Cross soon.

UPDA took good size hit.  Down 16%   

today is a good chance to pick up more!

UPDA continues to mirror the January pattern!

Tue Mar 28 = Fri Jan 6 (sticks a landing on heavy volume)
Wed Mar 29 = Mon Jan 9 (see next comment)
Thu Mar 30 = Tue Jan 10 (along w/ previous day, gives back most its gains from the landing)
Fri Mar 31 =  ... (no match in Jan)
Mon Apr 3 = Wed Jan 11 (rebound on 2x volume)
Tue Apr 4 = Thu Jan 12 (gives back half the previous days gains, measured from intraday low to high)
Wed Apr 5 = TBD  (if it sticks to schedule, another down day drops it just below .20)
Thu Apr 6 = TBD (if it sticks to schedule this is a reversal and day one of a good run)

Hope so.   

not quite...it gave back the previous days gains but, imo, looks to be forming a base.  I HOPE SO!

Oil sector is bullish right now...we shall see what the week brings us.

Decent day today.  Currently up 7% with about 5.5million volume.

That was some NICE volume!

anyone?

Heavy volume. No news. Very unusual. Bares watching. Could be time for a reentry.

News on revs just in....creeping up from a low.

Monday, May 22 2006 12:46 PM, EST

UPDA Board Summarizes Its Financial and Operational Results of the First Quarter - Company Files SEC Form 10-QSB

JUNO BEACH, Fla.--(BUSINESS WIRE)--May 22, 2006-- Today Universal Property Development and Acquisition Corporation (OTCBB:UPDA) filed its 10-QSB for the first quarter of 2006 and the Board of Directors is pleased to announce that the company continues to thrive on all fronts.

On the financial side, our revenues tripled over the last quarter and our assets increased by more than 40%. Our liabilities decreased by one third and our shareholders equity almost doubled since the beginning of the year.

Our revenues increased by more than 300% from $29,000 in the 4th quarter of 2005 to $106,000 in the 1st quarter of 2006. We have expanded our assets from $3.0 million to $4.3 million and at the same time decreased our liabilities to $392,000 from $650,000. In addition, shareholders' value increased by $1.6 million and our losses narrowed to approximately $475,000 from approximately $5,300,000 compared with the same period a year ago.

On the operational side, UPDA continues to expand and to prove itself a factor in the energy industry. Subsequent to the last quarter, we expanded our Oil and Gas holdings by forming a new subsidiary known as Texas Energy ("TEI"). TEI was initially started with 17 wells but, with the addition of the Catlin Oil and Gas Field, TEI increased its holdings to 82 wells. The creation of TEI doubled UPDA's Oil and Gas properties to over 6,000 acres and over 150 wells. Revenues from TEI started this month and it will be reflected in the 2nd Quarter of 2006.

Year to date we have also formed TEI Pipelines, UPDA Trading and UPDA Operators. TEI Pipelines will gather and transport natural gas that is produced on our leases as well as other leases in Jack County, TX. We are confident that this subsidiary will be very profitable and will contribute revenues in the 2nd quarter of this year. As a result of the Catlin acquisition we now own 12 miles of pipeline and over 70 miles of gathering systems. Recently we announced that we entered into a contract to acquire another pipeline which consist of approximately 18 miles of pipeline and over 80 miles of gathering systems. This acquisition is set to close on July 1st, 2006.

UPDA Trading was formed to engage in the trading of petroleum condensate from Mexico and also to hedge our production. We agreed to acquire storage facilities in the Port of Brownsville, Texas and we have complied with the regulations and requirements of US Customs, The Department of Homeland Security, The Brownsville Port Authority and EPA. We opened bank accounts with International Bank in McAllen, Texas to facilitate the transaction, and we received a corporate offer and are in the final stages of arranging logistics of the first shipment of this condensate.

UPDA Operators was formed to operate the wells of our various revenue generating subsidiaries, including TEI, TEI Pipelines and Canyon Creek Oil and Gas, Inc. ("CCOG"). This step was extremely important to control and protect our company's assets and maximize their production. State laws requires operators to carry appropriate bonding and insurances, and also gives the operators power over the owners of the mineral leases. Therefore, we feel it is prudent for us to have our own operating company and we structured the company accordingly.

UPDA continues to grow and as we look forward to the remainder of this quarter and into the next quarter and beyond, we feel the need more than ever to create our own well servicing company. In fact, UPDA is in the process of creating such a company, the function of which will be to perform the workover, repairs and regular maintenance of all the UPDA properties.

We also continue to refine the organization of our subsidiaries and implement internal controls to comply with all applicable laws and regulations, control costs and maximize revenues. This quarter we will unify and integrate all the accounting systems of our subsidiaries with the accounting systems of the parent company. We will improve our web site to provide more content and we will expand our investor relations division to meet the growing demand for real time information about our operations.

Also in this quarter, we will add a Geologist and a Petroleum Engineer to UPDA's top management. These oil and gas professionals will assist and advise the management on current operations as well as future acquisitions and they will work with various independent engineers to develop certified reserve reports for our subsidiaries.

The Board and the management of UPDA will continue to expand and improve the company. We are excited to see and pursue the continued growth of our company and will regularly report to our shareholders on the progress and successes of UPDA.

Please visit UPDA on its website at http://www.univeralpropertydevelopment.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.

Hi


UPDA Update to its Shareholders - Report on Activities during the Second Quarter - Management Insight on the Future
Business Wire - July 06, 2006 07:00

JUNO BEACH, Fla., Jul 06, 2006 (BUSINESS WIRE) -- The Fourth of July marked the first year of operations for Universal Property Development and Acquisition Corporation (OTCBB:UPDA). Since we started our first oil and gas subsidiary with less than 2000 acres and fewer than 60 wells, UPDA has made several acquisitions and now controls over 7,000 acres of oil and gas leases with over 150 wells and is generating production from three subsidiaries. Revenues have grown from $29,000 in the 4th quarter of 2005, to $106,000 in the 1st quarter of 2006 to over $1.2 Million in the 2nd quarter of 2006; including a gain on the sale of a partial interest in one lease (full financial results will be reported in our 10QSB within the next 45 days).

During the second quarter we reorganized the company and laid a solid foundation to ensure that the company will continue to develop as a strong and viable entity that will grow and prosper.

The UPDA subsidiaries report the following:

Canyon Creek Oil and Gas, Inc. now controls over 3000 acres and is producing oil from 6 wells on its Archer lease, oil and gas from 8 wells on its Coleman lease and from one well on the Prideaux lease while the work over of those properties, including 15 wells, continues. Compliance with Texas Rail Road Commission regulations was completed on the Palo Pinto lease and its 26 wells are expected to be brought on line this quarter. Halliburton was retained during the quarter in order to log the Inez well and a petroleum engineer was engaged to advise on its production opportunities. Canyon Creek remains optimistic about the possibilities of this property.

Texas Energy, Inc. has acquired a portfolio of approximately 1300 acres, completed the work over of its Nantz lease and brought it on line and into production. As a result of the successful progress of its work over program, the Texas Railroad Commission has lifted the severance from the Wiechman and the Thresher-Medlin leases and a total of 16 additional wells are expected to be brought on line this quarter.

Catlin Oil and Gas, Inc. completed the acquisition of over 2700 acres in Jack County, Texas on June 2, 2006 and immediately began repairing the extensive gas pipeline and gathering system that management anticipates will deliver substantial revenue from the transportation of natural gas production generated by neighboring operators. A significant increase in the delivery of gas to sale will result from these repairs and the marketing of transportation services will be pursued. The oil and gas professionals of Landmark have commenced the work over of the 65 existing wells on the property and plans are being formulated for the exploration of the Barnett Shale and other pay zones for the drilling of additional wells.

Updated production reports will be available on the UPDA web site (www.universalpropertydevelopment.com) within the next few days and the site is undergoing a complete redesign to provide real time information, multi-level access and further substantial enhancements and methods of communication in the near future.

As part the reorganization of the company, UPDA Operators, Inc. was established in the second quarter. This subsidiary will be responsible for the operation and management of UPDA's production assets. In conjunction with this subsidiary, UPDA is completing the formation of a well services company to manage all workovers, well maintenance and future drilling programs. This subsidiary will be staffed with very capable oil and gas personnel. The processes to be employed by these two subsidiaries will guarantee the aggressive and consistent pursuit of UPDA's ambitious business plan.

A professional geologist has been added to UPDA's management team and a petroleum engineer has been retained as a consultant to advise on technical matters. An assistant COO has been assigned to monitor each subsidiary and ensure the proper execution of the business plan in the field. New relations have been forged with investment bankers, and other professionals crucial to the company operations.

Preparation of an Independent Reserve Report of UPDA's oil and gas assets has been initiated. This report will significantly impact UPDA's balance sheet and should assist investors and shareholders in determining the market value of our company.

In summary, UPDA has established a scalable management formula for the internal analysis, operation, maintenance, development and expansion of oil and gas fields of all sizes and potential. As a result, prospective acquisitions will be analyzed by a management team including geologists and engineers and completed acquisitions will be managed, serviced and drilled by competent oil and gas professionals. Finally, through the state of the art internet applications in development, all properties will be monitored by a real time system that will allow management to immediately determine the status of all production and operations via the internet.

As shareholders and sentinels of UPDA, the management and board of directors are well aware of the decrease in our company's market cap and we are in diligent pursuit of programs and initiatives designed to improve and enhance shareholder value. From the business and operational side, we have streamlined and reorganized in order to expand control, decrease expenses and maximize revenue. From the communications side, we are building a state of the art website and formulating an extensive public relations program which will be coming into focus during the next two quarters.

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.

UPDA Retains Steven Fall As Chief Geologist

Tuesday , July 11, 2006 00:15 ET

Jul 11, 2006 (financialwire.net via COMTEX) -- July 11, 2006 (FinancialWire) Universal Property Development and Acquisition Corporation (OTCBB: UPDA) continued the restructuring of its operations and expansion of its oil and gas expertise through the recent addition of Steven A. Fall, certified petroleum geologist #2133, to its management team.
Having received both a bachelor's and master's degree in geology from Texas A&M University, Fall has been retained as UPDA's chief geologist, reporting to the board of directors on such matters as seismic analysis, reserve studies and drilling locations of existing properties and future acquisitions. He was an exploration geologist at Exxon-Mobil (NYSE: XOM).
During the last five years, Fall has focused his efforts on the evaluation of unconventional regional venture projects and the uses of new technology. He has a proven ability to build asset value through exploration, development, and acquisitions.
Fall will perform his duties at UPDA's office to be opened soon in the Houston area.
Universal Property Development and Acquisition Corporation is enrolled in Investrend Research's unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following. Enrollment in standards-based research is an important 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 report issued by Investrend Research analyst Daniel Capo, CFA, in which he downgraded the company from a "No Rating/3" to a "Suspended/1." Investrend Research will not provide further research to the company as long as present management and key institutions are associated with it. Coverage was initiated with the company on November 16, 2005.
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Hi


has probably come to buy time (only my opinion)