UPDA.OB

[GatewayStocks]

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.
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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

[GatewayStocks]

News today... Is everyone out now or still in?

[GatewayStocks]

News today... Is everyone out now or still in?

[Lucas Scott]

Gateway, I'm still in. I was in at .32, sold 1/3 my positon at .97 (what an exit!). Added back at .70 (not a great entry). Despite the decline, I still have a bullish feeling. These penny stocks usually don't make just one strong run. I think she's got a run to $1.50 in her before the end of winter. I've seen other penny stocks with similar setups, where they make a big run that gets everyone excited followed by a steep retrace that scares out a lot of shareholders, and just when you are feeling maximum pain it reverses and runs like a rabbit. I hope that's what happens here.

[evgeny05]

[Lucas Scott]

I think we've seen the bottom. I like what I saw Friday. The patient has a pulse.

[sebfr]

Time to buy again..A good entry

technicals :
good retracement > 0.80
Bullish Engulfing Pattern
Volume > EMA60
0.34-0.36 -> a good support...

[mezz]

closedat the 50dma and has news. support here lets go

[Lucas Scott]

Man what a stinker this stock has become. Anyone else bleeding profusely out of every orifice on this one or is it only me?   Closed at 29 cents today.

[GatewayStocks]

UPDA: (BSNS WIRE) Canyon Creek Oil Production Approaches 1000 Barrels - Results Exceed Expectations in Archer County Regular Field
Business Editors / Energy Editors

HOUSTON--(BUSINESS WIRE)--Dec. 27, 2005--
Canyon Creek Oil & Gas Inc. (A joint venture of
Universal Property Development and Acquisition Corporation
(OTCBB:UPDA) and USProduction & Exploration, LLC. (USPX), a privately
held Company) continues to increase its daily oil production. As
previously reported, Canyon Creek tested its #1 Block Estate at a rate
of 450 bopm. Since its initial oil production last week the well has
gradually increased to 600 bopm. Canyon Creek continues to monitor the
well for further increases.
"We are very pleased with the performance with this well," said
Donald Orr, president of Canyon Creek. "The daily oil rate far exceeds
the 10-year production average for this single well by a factor of
six. Based upon other factors that we are monitoring at the well head
we are expecting this well to continue to increase its daily
production."
With 8 additional wells ready to come on line, Canyon Creek
expects to add significantly to its current daily oil production.
With Archer County Regular Field and Hagler Capps Lime Field now
producing, the Company is making nearly 1000 bopm to the stock tanks.
"This is going to dramatically increase as additional wells are
brought on line in these fields in the new few days," continued Orr.
Canyon Creek also is reporting that rig #28 owned by C. C. Forbes,
LP has moved to its #1 Roberts Unit well located in Inez Field,
Victoria County, Texas. The Company plans to re-enter the well and
complete in the prolific Yegua Sand at 8,500 feet. Current operations
are slowed due to the amount of gas entering the well at this time.
This well when initially completed flowed at the rate of 80,000 mcfg/m
and 2000 bopm according to Railroad Commission of Texas productions
records.

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.
For additional information visit:
www.universalpropertydevelopment.com.

About CCOG

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 Oil and Gas Inc. now has over 60 wells located on more
than 2,000 acres in the Fort Worth basin. The Company has also
acquired properties located in Inez Field in Victoria County and
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.

About USPX

USProduction & Exploration, LLC, an independent production and
exploration company located in Sugar Land, Texas, is engaged in the
acquisition of oil and gas producing properties with multiple
enhancement opportunities. USPX seeks high quality exploration
drilling projects in conventional and unconventional reservoirs. The
Company's approach to developing depleted reservoirs and
unconventional gas is innovative: it combines horizontal,
multilateral, with underbalanced drilling methods.

[422fwhp]

Looking like a decent entry for a trade.

Anyone else?

May be waiting for the new year. (?)


Jody 

[422fwhp]

oh yea...chart:

[Wax]

I am going to take a SMALL position in this today. Chart has all but bottomed to me. Also I am seeing it on a few of the boards we shouldn't speak of on here . That should generate enough volume to get shorts/MM's forced in our direction! 

[evgeny05]

Hello !

UPDA - 9 days go downwards 

[GatewayStocks]

sick pps today... maybe buying back in below .10