UPDA "news" sind da!
tomLE : Neue News vom 22.08.07
Heartland Prepares to Complete First New Wells in Cherokee Basin - Cased Hole Gamma Ray and Neutron Logs to be Performed - Pipeline Connections Completed
Wednesday August 22, 2007 10:00:31 EDT
HOUSTON, Aug 22, 2007 (BUSINESS WIRE) --
Aztec Well Services, Inc., a subsidiary of Universal Property Development and Acquisition Corporation (OTCBB: UPDA)(FWB: UP1)(BCN: UP1)(GER: UP1)(MUN: UP1)(STU: UP1), is preparing to complete the following wells in the Cherokee Basin Coalbed Methane Field owned by Heartland Oil and Gas Corp (OTCBB: HTOG) (FWB: HOCA): Clausen 24-6, Oberheide 14-8, Warring 31-8, Peckman 11-17, 41-18, 21-18, 23-8, 22-8, Reichart 44-3, McFarlane 44-4.
In order to complete the wells, a cased hole gamma/neutron log will be run to provide a correlation to the open hole log. The perforation recommendations from the open hole log will then used to find the corresponding area on the cased hole log. A perforating gun will be used to shoot the intervals to be perforated. The stimulation company will then rig up to acidize and prep to frac (in multiple stages) the perforated intervals. Once the frac is complete, the well will be swabbed, if necessary, to unload the fluid and the well should start to flow.
The wells to be completed are the first drilled in this field in over a year in this field and have already been connected to the gathering system and will be brought online as soon as they are completed. Down hole pumps and the other equipment necessary to produce the wells have been organized and electric service to the field is being modernized as necessary.
While completion plans are being finalized, Aztec has performed routine maintenance on its drilling equipment in anticipation of the second phase of the drilling program. Heartland has ordered updated title work for the 40 new drilling locations to be included in this second phase.
For further information, visit www.heartlandoilandgas.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.
SOURCE: Heartland Oil and Gas Corporation
Top1 : Form 8-K
Entry into a Material Definitive Agreement, Com
Item 1.01 Entry Into a Material Definitive Agreement
Secured Loan from Sheridan Asset Management LLC
On August 17, 2007 (the Closing Date"), Universal Property Development and Acquisition Corporation ("UPDA" or the "Registrant"), a Nevada corporation, closed a term loan pursuant to the terms and conditions of a Loan Agreement, dated as of August 16, 2007, by and between UPDA (as the Borrower), Heartland Oil and Gas Corp. ("HTOG") a subsidiary of UPDA, Canyon Creek Oil and Gas, Inc. ("Canyon") a subsidiary of UPDA, Catlin Oil and Gas, Inc. ("Catlin") a subsidiary of UPDA, Heartland Gas Gathering, LLC ("HGG") a subsidiary of HTOG, Heartland Oil and Gas Inc. ("Heartland Inc.") a subsidiary of HTOG, UPDA Operators, Inc. ("UPDAO") a subsidiary of UPDA, Heartland International Oil Corp. ("Heartland International") a subsidiary of HTOG, Aztec Well Services, Inc. ("Aztec") a subsidiary of UPDA (Aztec, together with HTOG, Canyon, Catlin, HGG, Heartland Inc., UPDAO, and Heartland International, are collectively the "Subsidiary Guarantors"), Kamal Abdallah ("Abdallah"), Christopher J. McCauley
("McCauley") (Messrs. Abdallah and McCauley are collectively, the "Guarantors")
and Sheridan Asset Management, LLC, a Delaware limited liability company ("Sheridan" or the "Lender") (the "Loan Agreement"). Pursuant to the terms and conditions of the Loan Agreement and the ancillary Senior Secured Promissory Note (the "Note"), Security Agreement (the "Security Agreement") and other related documents (all of which are collectively referred to herein as the "Loan Documents"), UPDA agreed to borrow and Sheridan agreed to lend the aggregate Principal Amount of THREE MILLION TWO HUNDRED FIFTY THOUSAND DOLLARS ($3,250,000) cash (the Term Loan") under the terms and conditions described below. Any capitalized terms in this Item 1.01 that are not defined herein shall have the definition given them under the terms of the Loan Documents.
The Term Loan has a three (3) year term with the Principal Amount being due and payable by the Registrant in thirty-six (36) monthly payments of $90,277.78. The Term Loan is secured by a lien, more fully described in the Security Agreement, on all the assets of the Registrant and the assets of its subsidiaries, and is further secured by the pledges, mortgages and other security interests set forth in the Loan Documents. The Registrant shall pay interest on the unpaid Principal Amount of the Term Loan, from August 15, 2007 until such principal amount shall be paid in full, at the rate of 15% per annum. Interest shall be payable in the manner set forth in the Loan Agreement on the outstanding balance of the Term Loan (i) in arrears for each Interest Period on the Settlement Date immediately succeeding such Interest Period, (ii) on the Maturity Date, and (iii) if any interest accrues or remains payable after the Maturity Date, upon demand by the Lender. In addition to the 15% per annum Interest, the Registrant shall pay to the Lender "payment in kind" interest at the rate of 5% per annum, on the Principal Amount outstanding (the "PIK Amount") on the Maturity Date. The PIK Amount shall be payable, at the Lender's option either, in (1) cash or (2) in kind with such number of shares of the Registrant's Common Stock determined by dividing (x) the PIK Amount accrued and unpaid as of the Maturity Date by (y) 85% of an amount equal to the average daily closing price of the Registrant's Common Stock over the thirty day period ending on the trading day one day prior to the Maturity Date.
The Loan Documents contain various agreements and covenants that limit and control the Registrant's use or disposition of the Collateral or other of its assets, limit its ability to engage in various restructuring and other corporate activities, require that the Registrant maintain certain insurance and require that the Registrant meet and continue to achieve various operational performance levels during the term of the Term Loan. Failure to perform on these agreements and covenants could cause an event of default under the terms and conditions of the Loan Documents.
Pursuant to the terms of the Loan Documents, Mr. Kamal Abdallah, the Registrant's Chief Executive Officer and a member of the board of directors, and Mr. Christopher McCauley, the Registrant's Vice President and Secretary and a member of the board of directors, each agreed to the use of their respective shares of the Registrant's Series A Convertible Preferred Stock and other personal assets, as additional collateral for the Term Loan and to execute and provide personal guarantees for the repayment of the principal of the Term Loan and for the completion of the other commitments of the Registrant under the terms of the Loan Documents.
On the Closing Date, and as part of the agreed terms of the Term Loan, the Registrant caused HTOG to issue warrants for the purchase of 937,140 shares of its common stock to the Lender. The exercise price of the warrants is $0.87 per share and the warrants expire on August 16, 2012. The Registrant, and its subsidiaries, further agreed to use their best efforts to register various shares of common stock, including those received by the Lender as a result of any foreclosure on collateral resulting from a default under the terms of the Loan Documents, and those shares underlying the warrants issued to the Lender. The Registrant could be liable for the payment of certain cash payments to the Lender in the event that a registration statement covering such common shares has not been filed and declared effective by certain deadlines.
The foregoing description of the Loan Documents, and the transactions contemplated thereby, is a summary of terms, is not intended to be complete and is qualified in its entirety by the complete text of those agreements, copies of which are attached hereto as Exhibits 10.1, 10.2, 10.3, 10.4, 10.5, 10.6, and 10.7 to this Report.
The proceeds of the Term Loan were used to finance a substantial part of the cash portion of the Purchase Price of the Interests in the asset purchase transaction between the Registrant and Sellers under the terms and conditions of the PA, each as described in greater detail in Item 2.01 of this Report below.
Item 2.01 Completion of Acquisition of Assets
On August 17, 2007 (the "Closing Date"), Catlin Oil and Gas, Inc. ("COGI"), a Nevada corporation and a ninety percent (90%) owned subsidiary of Universal Property Development and Acquisition Corporation (the "Registrant"), completed the acquisition of certain assets pursuant to the terms and conditions of a Purchase and Sale Agreement dated July 2007 (the "PA") by and between COGI as the Purchaser entity for the Registrant and Jilpetco, Inc., a Texas Corporation, Petro Pro, Ltd, a Texas limited partnership, PKC Energy, LLC, a Texas limited liability company, and Jed Meisner, an individual who resides in Texas (Jilpetco, Petro Pro, PKC Energy and Jed Meisner are collectively hereinafter referred to as the Sellers). The assets so purchased by COGI and the Registrant are defined as the Interests in the PA and are described in more detail below, and in the PA which is attached hereto as an exhibit. The aggregate Purchase Price of the Interests purchased by COGI and the Registrant pursuant to the PA was $3,600,000 in cash, 12,500,000 restricted shares of the Common Stock, par value $.001 per share, of the Registrant, and 400,000 restricted shares of the common stock, par value $.001 per share, of Heartland Oil and Gas Corp. that were previously held by the Registrant.
On the Closing Date, under the terms and conditions of the PA, COGI as the Purchaser entity for the Registrant purchased and the Sellers sold all of the rights, title and interest of the Sellers in certain assets collectively defined as the "Interests" in the PA. The Interests consist of: Sellers' interest in and to those properties described in Exhibit A to the PA (the "Properties"), being
(i) all right, title and interest in the oil and gas leases, including a like interest in all formations, depths and unit rights listed on Exhibit C to the PA (the "Leases"), (ii) all of Sellers' right, title and interest in (A) all wells listed on Exhibit D to the PA (the "Wells"), (B) the permits that relate to the Wells and the Properties, listed on Exhibit E to the PA (the "Permits"), and (C) all equipment, materials and personal property, fixtures, and facilities used or useful in the production, gathering, storing, measuring, treating, operating, maintaining, marketing or transportation of hydrocarbon production from the Leases or lands pooled or unitized therewith and relating to the Wells and Properties, listed on Exhibit F to the PA (the "Equipment"), (iii) all of Sellers' right, title and interest in all contracts and contractual rights insofar and only insofar as they relate to the Leases and Equipment, including without limitation all unit agreements, surface rights and leases, gas sale and purchase contracts, oil and gas leases and/or subleases and assignments, mineral deeds, royalty deeds, operating agreements, easements, rights of way, farm-out and farm-in agreements and all similar rights leased or owned by the Sellers, and oil and gas sales, purchase, exchange and processing contracts and agreements, whether of record or not (the "Contracts"). It is the intent of the Sellers to convey and
assign all of its right, title and interest in and to the Interests in the area shown on the map attached as Exhibit B to the PA, SAVE AND EXCEPT 6.25% of 8/8th's working interest, with a net revenue interest of 0.04812500, and 1% of 8/8th's overriding royalty interest, such working interest and overriding royalty interest (collectively, the "Retained Interest") being retained by Petro Pro. The aggregate Interests being conveyed are a 93.75% Working Interest with a net revenue interest of 0.72187500, whether or not such Interests are described on any other exhibit hereto. The Sellers' interest in the Properties, Leases, Wells, Permits, Equipment and Contracts, net of the Retained Interest described above, are collectively defined as the "Interests" in the PA. The aggregate Purchase Price paid by the Purchaser to the Sellers on the Closing Date for the Interests was $3,600,000 in cash, 12,500,000 restricted shares of the Common Stock, par value $.001 per share, of the Registrant, and 400,000 restricted shares of the common stock, par value $.001 per share, of Heartland Oil and Gas Corp. . Any capitalized terms in this Item 2.01 that are not defined herein shall have the definition given them under the terms of the PA.
The Interests acquired by the Registrant pursuant to the PA, include, but are not limited to, 5 oil and gas leases on 700 acres of property located in Palo Pinto County, Texas which contain more than 10 producing wells. These wells are currently producing natural gas at a rate approaching 1000 mcf/day. The terms and conditions of the Loan Documents described in Item 1.01 of this Report require that the revenues generated by the Interests acquired by the Registrant be deposited into a separate bank account controlled by Sheridan from which the monthly payments of the Principal Amount and the Interest payments on the Term Loan are to be made.
While the Registrant intends for its subsidiaries to operate at a net profit, to date COGI has a limited operating history and, therefore, the Registrant cannot accurately predict what its future results of operation will be, how the closing of the asset purchase transaction described above and memorialized in the PA will impact the operating results of COGI, or how the operations of COGI will impact the operating results of the Registrant.
The foregoing description of the PA and the transactions contemplated thereby is a summary of terms, is not intended to be complete and is qualified in its entirety by the complete text of that agreement, including the exhibits thereto, a copy of which is attached as Exhibit 10.8 to this Report. The reader is advised to reference Exhibit 10.8 for the complete terms of the PA and a detailed description of the assets purchased by COGI and the Registrant on the Closing Date.
The Registrant financed the partial payment of the cash portion of the Purchase Price from the proceeds of the Term Loan from Sheridan as described in Item 1.01 of this Report. The balance of the cash portion of the Purchase Price was paid by the Registrant with cash on hand on the Closing Date.
Item 3.02 Unregistered Sales of Equity Securities.
On August 17, 2007, the Registrant completed the issuance of 12,500,000 restricted shares of its Common Stock to the Sellers as partial payment of the Purchase Price for the Interests acquired pursuant to the terms and conditions of the PA, each as described in Item 2.01 of this report. The shares of common stock issued in the above described transaction are restricted shares and were issued in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") pursuant to Section 4(2) of the Securities Act. The shares so issued are subject to Rule 144 under the Securities Act, and therefore, generally cannot be resold for a period of twelve months from the date of issuance. No general solicitations were made in connection with the above described stock issuances, and prior to making any offer or sale, the Registrant had reasonable grounds to believe and believed that the recipients of the shares were capable of evaluating the merits and risks of receiving the shares and were able to bear the economic risk of holding the shares.
Thomastradamus : Allein dieser erste Satz ist eine Frechheit:
duffyduck : im dezember war die mk mind. 3 mal so hoch
was ist anders??
duffyduck : ihr habt recht und sagt nicht mal mehr was dazu
duffyduck : jein thomastradamus
zockerwert der sich erst beweisen muss und es nicht tut
bisher immer nur geschwafel das nicht erfüllt wurde
bisher keine guten zahlen
bisher hat sich anscheinend miramar und vielleicht andere bereichert.
cful bewertung anschauen
cful kommt ins rollen
management hat sich selber aktien "geschenkt"
letzter punkt lässt noch hoffen, dass die nochmal abgeht wie schmitz katze
cful wird wohl sinken ...
ich blicke leider nicht durch und wie ich das das erstemal geschrieben haben (hier bei ariva) hätt ich aussteigen sollen da waren wir bei .1
duffyduck : noch was
hier auch sehr oft angesehen
wenn wirklich was kommt und nur 1.000 personen je 100.000 aktien wollen sind das 100.000.000 shares
heretic : news
Houston, Texas (August 28, 2007) Consistent with its successful strategy for growth, Universal Property Development and Acquisition Corporation (OTC BB: UPDA) has initiated plans to complete the incubation of its Texas production subsidiary, Catlin Oil and Gas, Inc. in advance of the transfer of its assets to Heartland Oil and Gas Corp. (OTC BB: HTOG).
In the Catlin Field in Jack County, Texas, UPDA installed 2 new 40 HP compressors on its pipeline and increased the amount of gas it is delivering to market by nearly double from 170 mcfg/day to 322 mcfg/day and performed repairs to its disposal well resulting in a savings of almost $10,000 per month in disposal costs.
On Tuesday, Schlumberger will run the cased hole log on the Ruth 10 well after UPDA last week pulled the tubing and prepared the well for testing.
?This log will give us a template to produce additional behind pipe zones in not just the Ruth 10 but also for the many other conglomerate wells we have here in the Catlin Field,? explains Steven A. Fall, the president of both Catlin and Heartland. ?It will probably take at least a week before we will have the final computer version of the log, but once we have that, we will start a recompletion program that could significantly improve production. As we proceed toward the successful transfer of UPDA?s oil and gas production assets into Heartland, the condition and operation of these wells and assets is at its highest level and the opportunity for improvement has been designed for execution.?
At the newly acquired natural gas field in Palo Pinto County, Texas, plans are underway for the installation of a disposal well to handle the additional water expected to be produced as those wells are recompleted in the Barnett Shale. As previously reported, the first well recompleted in this program showed an increase in production to about 1000 mcfg/day. After meeting with the consulting engineer on this project, John Evans, management will establish a schedule to provide for the efficient expansion of production from these wells.
heretic : Die Zahlen aus www.rrc.state.tx.us
Operator Name: UPDA OPERATORS, INC., Operator No: 878507 Statewide
Statewide Monthly Totals, Jan 2007 - Dec 2007
Date Oil (BBL) Casinghead (MCF) GW Gas (MCF) Condensate (BBL)
-------- --------- ---------------- ------------ ----------------
Jan 2007 1,351 556 6,851 19
Feb 2007 1,153 666 6,639 62
Mar 2007 1,376 788 6,960 45
Apr 2007 1,017 764 7,016 56
May 2007 1,090 685 7,248 48
Jun 2007 1,343 515 7,184 68
Total 7,330 3,974 41,898 298
duffyduck : wenigstens halten die 3 eurocent
schauen wir mal
tomLE : Von heute ...
Development and Acquisition Corporation (OTC BB: UPDA, UP1.F, UP1.BE,
UP1.DE, UP1.MU, UP1.SG) has initiated plans to complete the incubation
of its Texas production subsidiary, Catlin Oil and Gas, Inc. in advance
of the transfer of its assets to Heartland Oil and Gas Corp. (OTC BB:
HTOG) (FWB: HOCA).
In the Catlin Field in Jack County, Texas, UPDA installed 2 new 40 HP
compressors on its pipeline and increased the amount of gas it is
delivering to market by nearly double from 170 mcfg/day to 322 mcfg/day
and performed repairs to its disposal well resulting in a savings of
almost $10,000 per month in disposal costs.
On Tuesday, Schlumberger will run the cased hole log on the Ruth 10 well
after UPDA last week pulled the tubing and prepared the well for testing.
This log will give us a template to produce
additional behind pipe zones in not just the Ruth 10 but also for the
many other conglomerate wells we have here in the Catlin Field,
explains Steven A. Fall, the president of both Catlin and Heartland. It
will probably take at least a week before we will have the final
computer version of the log, but once we have that, we will start a
recompletion program that could significantly improve production. As we
proceed toward the successful transfer of UPDAs
oil and gas production assets into Heartland, the condition and
operation of these wells and assets is at its highest level and the
opportunity for improvement has been designed for execution.
At the newly acquired natural gas field in Palo Pinto County, Texas,
plans are underway for the installation of a disposal well to handle the
additional water expected to be produced as those wells are recompleted
in the Barnett Shale. As previously reported, the first well recompleted
in this program showed an increase in production to about 1000 mcfg/day.
After meeting with the consulting engineer on this project, John Evans,
management will establish a schedule to provide for the efficient
expansion of production from these wells.
Universal Property Development and Acquisition Corporation (OTCBB: UPDA)
(FWB: UP1) (BCN: UP1) (GER: UP1) (MUN: UP1) (STU: UP1) www.universalpropertydevelopment.com
acquired a majority of the stock of Heartland Oil and Gas Corp (OTCBB:
HTOG) (FWB: HOCA) in April 2007 and designated Heartland to pursue all
of UPDAs oil and gas exploration and
production activities. Since this acquisition, a new management team was
introduced at Heartland, led by veteran geologist, Steven A. Fall, the
president of UPDAs Catlin Oil and Gas
subsidiary and Heartland has undertaken an aggressive drilling program
at its Cherokee Basin Coalbed Methane Field, consisting of approximately
100,000 acres in Eastern Kansas while UPDA completed plans for the
expansion, improvement and assignment to Heartland of its assets,
leases, pipelines and wells in Northern Texas.
For further information, visit www.heartlandoilandgas.com
duffyduck : vorschlag
duffyduck : lest mal die meldung aus 05
heretic : @duffyduck
duffyduck : aus www.wallstreetonline.de
Dieses Posting: versenden | melden | drucken | Antwort schreiben |
Guten Morgen @all,
auf die vorher gestellte Frage nach dem Wert von UPDA habe ich mal folgende Rechnung aufgestellt:
Ausgehend von der im Umlauf befindlichen Aktien von CFUL, HTOG und UPDA und der Börsenkurse von CFUL und HTOG könnte man doch zu folgendem Ergebnis kommen:
Anzahl Aktien CFUL 149.816.000 * 2,24 = 335.587.840 ?, Beteiligung UPDA 70% ergibt für UPDA 234.911.488 ?
Anzahl Aktien HTOG 9.736.900 * 0,85 = 8.276.365 ?, Beteiligung UPDA 80% ergibt für UPDA 6.621.092
Beide Beteiligungen zusammen ergeben somit einen Betrag von 241.532.580 ?.
Das wiederum dividiert durch die von UPDA im Umlauf befindlichen Aktien in Höhe von 557.808.000 ergibt einen Betrag von 0,433 ?.
Dieser Betrag spiegelt sich nun wirklich nicht im Kurs von UPDA wieder.
Liege ich mit meiner Rechnung sooooo verkehrt?
Was ich hier aufgeführt habe ist kein Kursziel o.ä, sondern nur ein paar Berechnungen zur Diskussion.
und jetzt von mir noch die erklärung
bei cful stimmt was nicht mit dem kurs
da ist fast kein freefloat und deshalb leichte manipulation möglich
wird schon noch einbrechen
übrigens sinds etwas mehr updas als obig angeführt (macht das ergebnis aber nicht viel anders)
duffyduck : jetzt stimmt die threadüberschrift - news htog
BALDWIN, Kan.--(BUSINESS WIRE)--Continuing the progress of its aggressive drilling program in Kansas,
Heartland Oil and Gas Corp. (OTC BB: HTOG) (FWB: HOCA) has completed the
last of the tests required on the recently installed flow lines
including pressure checking the connections to the wells. Heartlands
pipeline contractor on the project, Double J Pipeline Construction of
Baldwin, Kansas, has attached all the flow lines from the new wells to
the field lines and back filled the trenches. Cates Surveying provided
support for this pipeline project by performing right of way surveys on
several locations in the Lancaster Pilot.
This week, cased hole logs are being run on the first eleven of the
wells in preparation for the perforating and frac crews to get started
this week to complete the wells and attached them to the sales line.
Heartland has selected Maverick Stimulation Company from the several
completion bids compiled by Aztec Well Services, Inc., a subsidiary of
Universal Property Development and Acquisition Corporation (OTCBB: UPDA)
(FWB: UP1), in its role as coordinator of the field program.
Last week, JACAM Chemicals reviewed potential compressor sites to
install a salt water treatment pump and took gas and water samples to
determine how much chemical would be needed in order to treat the gas
before delivery to market. On Saturday, another well location was staked
and Heartland started gathering information for title work on the 4 new
locations it has staked in preparation for more drilling. Next week,
that information will be transmitted to The Miami Title Company in order
to confirm lease information.
For further information, visit www.heartlandoilandgas.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.
(c)2007 Business Wire. All of the news releases contained herein are
protected by copyright and other applicable laws, treaties and conventions.
Information contained in the releases is furnished by Business Wire's
members, who warrant that they are solely responsible for the content,
accuracy and originality of the information contained therein. All
reproduction, other than for an individual user's personal reference, is
prohibited without prior written permission.
duffyduck : ask bei upda leer
duffyduck : wie kann upda steigen?
siehe posting 1242 - haut nicht hin.
upda an seinen eigenen einnahmen/ausgaben... bewerten?
haut nicht hin, dann sind die nichts wert, weil ja alles den töchtern gehört.
upda überhaupt noch notwendig?
duffyduck : von der updac.com seite, schaut die email an
14255 US HWY 1
Juno Beach, FL 33408
Phone: (561) 630-2977
Fax: (561) 630-2241
Stockaddicted : CFUL
Continental Fuels, Inc. (OTCBB: CFUL) (FWB: CIQB) continues various capital improvement projects at its storage facility at the International Port of Brownsville. While this work progresses, Continental continues the steady flow of light crude condensate sales through the port.
One of the projects that is proceeding is the installation of special floating lids which have been carefully prepared to comply with the regulations of the Texas Commission on Environmental Quality (TCEQ) (http://www.tceq.state.tx.us/). Installation of these specialized lids will allow Continental to store and trade a more diverse family of products with higher Reid Vapor Pressures (RVP) and prevent the evaporation of product from the tanks.
?With these new lids, we will be able to store and trade refined product including gasoline, gasoline blends and diesel,? reports Continental CEO Tim Brink. ?In addition, no matter what product is in the tanks, these lids will eliminate product loss due to evaporation which will result in significant savings in the South Texas heat of Brownsville.?
Construction on the rail spur also continues as anticipated. Ground and foundation work has progressed despite inclement weather and discussions with additional suppliers and customers for this expanded capacity have been productive.
?Like the floating lids, the rail spur will expand our product options as well as provide transportation flexibility and cost reductions,? continued Continental CEO Tim Brink. ?And we intend to continue to reinvest the expanding profits that will result from these capital improvements.?
Continental Fuels, Inc. is a subsidiary of Universal Property Development and Acquisition Corporation (OTCBB: UPDA) (FWB: UP1) (BCN: UP1) (GER: UP1) (MUN: UP1) (STU: UP1).
Stockaddicted : Newsflow
Wenn ich mir den Newsflow von UPDA und Töchtern so anschaue (siehe August), kann man durchaus die Behauptung aufstellen das ziemlich viel Zeit mit der Öffentlichkeitsarbeit verbracht wird.
Ob das alleine etwas bringt?
Es bleibt nur zu hoffen, dass unser gutes altes Sprichwort hält was es verspricht: "Wer schreibt der bleibt"
2007-08-30 06:29 News Release Continental Fuels Continues Capital........
2007-08-29 06:29 News Release Heartland Oil and Gas Corporation .........
2007-08-28 06:29 News Release UPDA Advances Operations and Production......
2007-08-22 10:00 News Release Heartland Prepares to Complete First......
2007-08-21 06:29 News Release Universal Property Development and.......
2007-08-20 09:37 News Release UPDA Catlin Subsidiary Closes on Acquisition....
2007-08-17 06:29 News Release Heartland Oil and Gas Corporation Reports......
2007-08-16 06:29 News Release Continental Fuels Reports Record Second......
2007-08-13 06:29 News Release Flow Lines Installed and Bids for Well........
2007-08-08 15:00 News Release UPDA's Catlin Subsidiary to Transfer........
2007-08-07 06:29 News Release Construction and Installation of Rail........
2007-08-06 06:29 News Release UPDA Catlin Subsidiary Set to Close on.........
heretic : wie kann UPDA steigen...
OK, wir sehen das die Assets und der Umsatz wachsen, die Anzahl der Aktien wächst auch. Der ständige Nachrichtenfluss, die neue Bohrungen und Akquisitionen lassen uns glauben, dass sie immer noch am Leben sind und haben vor am Leben zu bleiben und sogar noch zu wachsen. Aber es ist nicht klar ob sie die Interessen der Anleger berücksichtigen. Ich habe den Eindruck, dass das Management auf Kosten der Anleger immer mehr Assets aquiriert und dann an sich selbst die Anteile verschenkt. Sollen wir wirklich das Verschenken der Aktien an die Mitarbeiter als ein possitives Zeichen sehen? Oder ist es nur ein Teil einer raffinierten Methode das Geld der Anleger zu stehlen? Und wer kann das verhindern?
"Approximately 17% of the outstanding voting shares of our capital stock is currently held by two insiders. [...] Consequently, this small number of shareholders will be major shareholders in affecting the business decisions of our company, including, but not limited to, the election of the members of our Board of Directors."
(Annual Report 2006. Risk Factors)
"During the past two years, the market cap of UPDA has grown from less than $250,000 to a conglomerate of three public companies with a combined market cap of over $100 million on a fully diluted basis. [...] The Board of UPDA realizes that these accomplishments were made possible through the support, trust and confidence of our shareholders [...]" (News 19.06.2007)
Also ein herzliches Dankeschön für das geschenkte Geld.
Wenn sie nur auf Kosten der Anleger expandieren undd