UPDA.OB

[Livana]

UPDA had a nice run up to $22 last January from $1.30... Anyone thinks history could repeat itself??

[Lucas Scott]

The move to $22 last year was on volume of maybe 10k shares per day. Something fishy about that. I suspect it didn't really happen that way. I'd be happy with a couple more up days next week and then cash out. There are too many bagholders who got in at higher levels for this stock to run back to a buck IMO. 

[nita]

Press Release Source: Universal Property Development & Acquisition Corp.


Universal Property Development & Acquisition Target Report Issued By Investrend Research Analyst Daniel Capo, CFA
Monday January 9, 8:28 am ET


NEW YORK--(BUSINESS WIRE)--Jan. 9, 2006--(Investrend Research Syndicate) Universal Property Development & Acquisition Corp. (OTCBB: UPDA - News) is a holding company for several joint venture subsidiaries engaged in oil & gas exploration and production, concentrated on the acquisition and development of proven oil and natural gas reserves and other energy opportunities, according to Investrend Research analyst Daniel Capo, CFA.
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The largest asset on Universal's balance sheet is 1,000,000 shares of convertible preferred B stock of SiteWorks Building & Development Company (OTCBB: SWKJ - News).

The analyst added:

The company currently is involved in three joint ventures: Canyon Creek Oil & Gas Inc., West Oil & Gas Inc., and Winrock Energy Inc. (Domes Unit).

Unlike several micro cap E&P start ups, Universal Property is not a wildcat player. The company is focused on acquiring proven properties with deep production histories.

Universal's subsidiaries have started selling oil and gas which should directly improve the company's financial statements.

Production estimates based upon historical and partial production total millions of dollars per year in revenues.

The company has teamed up with well established partners.

Due to supply worries and energy market volatility, revitalization projects on mature US reserves should remain profitable as crude oil and wellhead natural gas prices are expected to remain above historical levels.

The company reported just over $10,000 in cash as of 9/30/2005, and has reported that $2 million dollars are required to execute its 2006 business plan. Cash flow from operations is projected to be insufficient to support expenditures; the company most likely will issue stock to raise funds.

Dilution is the key risk factor. As of November 1, 2005, UPDA had 23,774,986 shares outstanding. Based on the trading activity since November, we believe this number may be higher, though we could not get confirmation.

An InvestorPower(TM) page has been created regarding the company at http://www.investrend.com/company/list.asp?sPathParam=yes.

Investrend Research has been the leading independent equity research publishing and distribution program since 1996, with over 75 qualified professional analysts posting more than 1,000 reports to date. Anyone may enroll a company in the Investrend platforms. Enrollment fees for the Target research platform are $5,780, which was paid by Morgan Merchants, a third party. Analysts are paid in advance for their initial reports by Investrend Research to limit or eliminate pecuniary interests, and no one associated with the program may own or trade in the equities of companies under coverage.

The company has also been enrolled in the shareholder-monitoring program by the Shareholders Research Alliance (http://www.shareholdersresearch.com), established to eliminate conflict and bias, and Investrend subscribes to the exacting "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com

Anyone interested in receiving alerts regarding Universal Property research or webcasts should e-mail [email protected] with "UPDA" in the subject line, or click on http://www.investrend.com/contact.asp.



Contact:

[doyerdiligence]

the full report can be found at http://financialwire.net/Admin/Topics/Articles/Resources/137_1136763861.doc

[GatewayStocks]

looks like shakers & movers goup play from last week is fizzeling out!

[evgeny05]

UPDA Clarifies Identification and Valuation of Assets - Details Inconsistencies of Analyst's Report


By BusinessWire
Last Update: 1/9/2006 2:05:01 PM Data provided by 

JUNO BEACH, Fla., Jan 09, 2006 (BUSINESS WIRE) -- Universal Property Development and Acquisition Corporation (UPDA) has reviewed the independent analyst's report prepared for Investrend and has determined that, although it is substantially accurate, it contains a remarkably significant inconsistency relative to the identification and valuation of UPDA's assets.

As accurately indicated in the report, UPDA and its subsidiaries own oil and natural gas assets in Texas, Utah and Oklahoma with proven reserves valued in excess of $1 Billion as determined by independent certified petroleum engineers. The report continues, however, to provide that: "The largest asset on UPDA's balance sheet is 1,000,000 shares of convertible preferred B stock of SiteWorks Building & Development Company (SWKJ). The company values this position at $1,000,000."

This statement fails to reflect the value of UPDA's oil and gas reserves nor does it account for UPDA's cash investment now approaching $1.5 million in Canyon Creek Oil and Gas, Inc., its Texas subsidiary, or the contribution of hard assets valued at $600,000.00 by USPX, its joint venture partner in Canyon Creek. In fact, the statement is contradicted by the balance of the Investrend report and is provided without context or foundation.

Overall, UPDA is pleased with the content of this independent analyst's report and adopts the preponderance of its assertions. But for the misleading representation concerning the identity and value of UPDA's assets, the report accurately concludes that "Universal Property has accumulated an impressive group of mature US properties with strong production histories." The report also accurately itemizes that:

-- Unlike several micro cap E&P start ups, Universal Property is not a wildcat player. The company is focused on acquiring proven properties with deep production histories. This strategy removes many of the risks associated with other peer companies, and should translate into immediate operational cash flow.

-- Universal's subsidiaries have started selling oil and gas which should directly improve the company's financial statements

-- Production estimates based upon historical and partial production total millions of dollars per year in revenues.

-- The company has teamed up with well established partners such as The Masaood Group, Ltd., Lion Partners Hedge Fund, Optech Limited, and Nice Capital Limited of Admiralty. These partners reach international investors that can provide the financial support necessary to execute Universal's business plan.

About UPDA

[doyerdiligence]

shakerz group is a joke anyways, he is on ADD and picks 20 plays a day regardless

in more serious matters, someone bought 600k of this today
you can see in the 8-k here tinyurl.com/dqf8l

[evgeny05]

 

[Wax]

mms bouncing around shares. This thing would explode with some actual buys coming in. I loaded up at .15 yesterday hoping for a good bottom play. I will give it until end of week to do something.

[Wax]

This thing is bubbling. I have a funny feeling some positive press will be being released soon. Interesting L2 activity.

[Wax]

Those in already get ready for a bagger or two today/tomorrow. If not already in I wouldn't touch this thing. IMHO

[evgeny05]

Canyon Creek Reaches Total Depth At #1 Roberts Unit - Production And Surface Equipment To Be Delivered And Installed
Business Wire - January 12, 2006 12:10

HOUSTON, Jan 12, 2006 (BUSINESS WIRE) -- Canyon Creek Oil and Gas, Inc., a joint venture of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) and USProduction and Exploration, LLC. (USPX) reached total depth at its #1 Roberts Unit natural gas well located in the Inez Field, Victoria County, Texas, Tuesday afternoon. Canyon Creek is now setting production pipe to total depth and will commence cementing operations today using BJ Services Company (NYSE:BJS) of Houston, Texas.

Once the pipe is set and the cement has cured, Canyon Creek will perforate the over-pressured Yegua B sand at 8500 feet on Saturday. With additional investment from UPDA, production and surface equipment will be delivered and installed on Monday and the well will be readied for production.

"Even though the cost of the gamma-ray/mwd directional tools and professional services reached $16,000 per day while we were drilling, we are extremely pleased with the outcome," said Donald W. Orr, President of Canyon Creek. "The directional drillers of Gardes Energy Services, Inc. (www.gardesenergy.com) were able to steer the drilling and logging tools within seven feet of the projected bottom-hole location."

Gamma-ray log interpretation provided by Scientific Drilling (www.scientificdrilling.com), a Houston-based international logging company, confirmed the existence of the high pressure Yegua sand at the projected location and mud loggers confirmed the existence of the productive Yegua sand.

"With these logs and the estimated bottom hole pressure of 5000 psi, this well appears to have met all of our expectations," continued Orr. "In addition, with the Duke Energy (NYSE:DUK) sales line only 50 feet from our well head, we will not even need a compressor to put this well on line."

Representatives of UPDA were equally excited by the outcome of this effort. "We have now invested over $1.5 million in this asset," said Chris McCauley, UPDA Vice President. "The success of this project firmly establishes our place in the oil and gas business. With the proven reserves in excess of $1 billion that have been independently certified in the prospects we are working on, our unrelated stock holdings certainly can no longer be called our major asset. I would say the shareholders can look forward to UPDA making oil and natural gas for many years to come.

"The management and board of UPDA will remain focused on our core business and will continue its work to build shareholder value. We have no intention of being diverted from our goals by yellow journalism or tabloid-like news."

[garym]

I'm new to trading penny stocks, but this seems like a good gamble?  There seems to be a setup for more news next week concerning progress in setting up the Victoria well. 

Also, maybe stock has found some support at 0.15?  Any advice appreciated.  I bought just a few thousand but may be worth a bit more?

[Wax]

I knew this was coming I think I have a system for following the mm's around. Anyways I expect support at .18 and possible flat trading until Mon/Tues when they pump out some more positive PR about the equipment delivery/installation. Once again take all I say with a grain of salt. TA and pennies do not go hand in hand.

[garym]

No problem and I certainly agree about TA.  Could fall to 10 cents like that 

Thanks for the updates though.  I live in Texas and saw the news on streamer--helps to know I have company for opinion on when to exit. 

I think I'll just gamble and see what happens next week--probably not much but never know!