Upda

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نرجوا ابداء الرأي بالشارت المرفق

 

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اغلاق الأمس

0.052​

 

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Continental Fuels Prepares to Deliver 2 Barges to Separate Buyers - 37,000 Barrels of Condensate Sent to Market

PORT OF BROWNSVILLE, Texas--(BUSINESS WIRE)--

Continental Fuels, Inc. (OTCBB:CFUL)(FWB:CNDI)(GER:CNDI)(BCN:CNDI) is this week selling a total of 37,000 barrels of light crude condensate to two separate purchasers as it continues to expand its deliveries.

"We are presently loading 12,000 barrels onto a barge for delivery to our purchaser that makes payment within 24 hours of invoicing," reports Continental's Director of Corporate Communications, Josh Crescenzi. "As soon as that barge leaves the port, we are expecting a second, 25,000 barrel barge to be loaded immediately. We will receive payment for this load within days utilizing our new receivables financing facility."

As Continental loads these barges, 200 barrel tank trucks continue to replenish its stock of condensate at the 48,000 barrel Port of Brownsville, Texas storage facility.

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).

For further information, please visit www.continentalfuels.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: Continental Fuels, Inc.

 

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اللهم لك الحمد

تم كسر

0.056

اغلاق على الهاي

0.061​

 

[Bokandar79]

15% بالتوفيج ياخوي والله يرزقك بواسع رزقه

 

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Heartland Oil and Gas Corporation Provides Operational Update on Cherokee Basin Assets

Heartland Oil and Gas Corp (OTC BB: HOGC, "Heartland," or "the Company") has initiated drilling activities on three locations, beginning what the Company plans to be a new phase of drilling on the approximately 90,000 acres it owns in the northern Cherokee Basin of eastern Kansas. The wells directly offset and expand Heartland's Lancaster Battery ("Lancaster") and are expected to be completed by the end of the month.

Lancaster is currently producing approximately 290 thousand (gross) cubic feet of gas per day ("Mcfgpd") from 16 wells. Gas produced from Lancaster is gathered, transported, processed and compressed by Heartland Gas Gathering LLC, a wholly owned subsidiary of Heartland. The gas is then sold to Enbridge, where the Company receives the equivalent of Southern Star pricing. Including gas from eight wells still awaiting hook-up, the Company is currently producing approximately 490 Mcfgpd.

Heartland also disclosed supplemental (unaudited, for informational purposes only) reserve estimates from Malkewicz Hueny Associates, its independent reserve engineers, to help investors assess the impact of pricing and more established production histories on its estimate of proved reserves.

12/31/05 @ 12/31/06 @ 12/31/06 @ 12/31/06 @
$7.71/Mcf $5.35/Mcf $7.00/Mcf $7.71/Mcf
----------------------------------------------------------------------
Disc Disc Disc Disc
Net Net Net Net Net Net Net Net
Gas Income Gas Income Gas Income Gas Income
MMCF M$ @ MMCF M$ @ MMCF M$ @ MMCF M$ @
10% 10% 10% 10%
----------------------------------------------------------------------
Proved developed
producing 285 $838 620 $792 793 $1,352 848 $1,606
----------------------------------------------------------------------
Proved developed
non-producing 0 0 0 0 317 $580 337 $686
----------------------------------------------------------------------
Proved
undeveloped 762 $478 0 0 1,991 $1,293 2,106 $1,914
----------------------------------------------------------------------
Total proved 1,047 $1,316 620 $792 3,102 $1,778* 3,293 $2,758*
======================================================================
* Net of $1,448 M for pipeline expenditures
Phil Winner, chief executive officer, said, "We are very pleased with the sustainability of our production and increasing maturity of the assets. While our 2005-to-2006 reserve comparisons were negatively impacted by lower gas prices at the end of 2006, we believe the combination of shallow decline under a more reasonable price scenario strengthens our overall reserve base."

He added, "We have productive pilots and acreage across a 12 mile swath, and still have not seen productive limits. Should we obtain necessary financing from our new parent corporation, Universal Property Development and Acquisition Corporation (OTCBB:UPDA) (FWB:UP1) (BCN:UP1) (GER:UP1) (MUN:UP1) (STU:UP1), or other sources, we plan to expand our pipeline to increase sales from vented gas and drill additional wells."

About Coal Bed Methane

Coal bed methane ("CBM") generally consists of 95% methane, with the balance being made up of primarily nitrogen (N2) and carbon dioxide (CO2). CBM is often associated with gas produced from adjacent shales. Due to the corrosive nature of carbonic acid, removal of CO2 is generally required to get the gas to pipeline quality. CBM is considered an unconventional natural gas resource because it is adsorbed to the coal (or shale), and does not rely on buoyant forces found in more 'conventional' trapping mechanisms such as a fault, anticline, or stratigraphic trap. Adsorption is an efficient storage mechanism as coals can contain as much as seven times the amount of gas typically stored in a conventional natural gas reservoir. CBM production typically has a low rate of production decline and a long economic life of from 10 to 40 years. Currently, natural gas from coal beds accounts for approximately 7% of total natural gas production in the United States.

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, including availability of financing. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, or should the company be unable to obtain financing, 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 Corp

 

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خبر عن التطور في الشركه

ان شاء الله نشوف خير اليوم​

 

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اللهم لك الحمد

اغلاق

0.061

اعلى

0.065

الفوليوم

29,721,569 ​

* استغرب عدم مشاركة أحد بالموضوع

 

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UPDA Aztec Well Services, Inc. Subsidiary Obtains Permit for Six Wells in Cherokee Basin - 3 Wells Drilled into Coalbed Seams and Productive Sands

PAOLA, Kan.--(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), has obtained permits from the Kansas Corporation Commission (http://www.kcc.state.ks.us/) to drill 6 new wells in the Cherokee Basin Field owned by another UPDA subsidiary, Heartland Oil and Gas Corporation (OTCBB:HOGC) (www.heartlandoilandgas.com).

"We drilled these wells in order to take advantage of the productive gas sands in addition to the coal bed seams above that level," reports Aztec Field Superintendent, Agustin Soto. "As a result, from the logs on the Oberheid #14-8, we are estimating 50 mcf/day of coal bed methane and 40 mcf/day of sand gas which would make this well one of Heartland's most productive. Once we have drilled all 6 new wells, we will bring in the completion crew and attach the wells to the gathering system."

The drilling of the first three wells has been accomplished. They are the Klaussen # 14-6, 540 feet total depth, the Oberheid #14-8, which was drilled to 600 feet and the Warring #31-8 which will reach total depth on June 15 with production pipe and cement. Aztec is also in the process of identifying 8 additional well locations for the next phase of this drilling program.

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.

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: Universal Property Development and Acquisition Corporation

 

[مضارب البني]

الحصول على ترخيص لـ حفر 6 آبار

أظن الخبر يحتوي على معلومات اخرى ... أين المترجم​

 

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للمتابعه من جديد

0.05​

 

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فيه خبر نزل اخر التداول وشو الخبر الله يعطيك العافيه

 

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UPDA Board Approves Spin Off to Shareholders - One Share of Continental Fuels, Inc. Subsidiary to be Distributed for Every 50 Shares of UPDA

Jun 27, 2007 4:00:00 PM

Copyright Business Wire 2007

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JUNO BEACH, Fla.--(BUSINESS WIRE)--

The Board of Directors of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) (FWB:UP1) (BCN:UP1) (GER:UP1) (MUN:UP1) (STU:UP1), has approved a resolution to spin off a portion of its holdings in Continental Fuels, Inc. (OTCBB:CFUL) (FWB:CNDI) (GER:CNDI) (BCN:CNDI) to UPDA's common stockholders of record on July 11, 2007, the second anniversary of UPDA's launch as an energy development company.

According to the Board Resolution, one share of CFUL common stock will be distributed to UPDA's common stockholders for every 50 shares of UPDA common stock held. Every UPDA common stockholder will receive at least one CFUL share in this distribution and fractional shares will be rounded up to the nearest whole number. The date of the distribution will be August 1, 2007 to UPDA's common stockholders of record on July 11, 2007.

Related Quotes

Last Change % Change
UPDA 0.062
0.00 0.00
CFUL 2.44
0.06 2.46
HOGC 0.105
0.005 4.76



Although the distributed shares will be restricted from transfer for one year pursuant to SEC Rule 144, UPDA has obtained an opinion that the shares will have no tax consequence to the recipient until they are sold or transferred.

"We have come a long way in just two years and this distribution allows the shareholders to benefit from UPDA's growth in a tangible way," reports UPDA Chairman Kamal Abdallah. "It also allows the Board to underscore the value that the company has been developing since its inception. The spin-off of this portion of CFUL shares represents only about 2% of UPDA's net assets according to an internal review."

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 incubation and acquisition of under-funded energy ventures and cutting-edge technologies. Consistent with this business plan, UPDA has recently acquired majority ownership of two additional public companies, Heartland Oil and Gas Corporation (OTCBB:HOGC) and Continental Fuels, Inc. (OTCBB:CFUL) (www.continentalfuels.com), and established a private, wholly-owned subsidiary, Aztec Well Services, Inc., thereby expanding its asset base and significantly increasing its sources of potential revenue.

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: Universal Property Development and Acquisition Corporation

 

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الترجمه الله لايهينكم

 

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الترجمه الله لايهينكم

 

[سهم مرتاح]

شن انحرافها يوافق المجلس على المساهمين واحد نصيب القارة الوقود المحدوده الفرعية ستوزع لكل 50 أسهم شن جون 27 ، 2007 الساعة 4:00:00 الاعمال الاسلاك حقوق الطبع 2007 حصة هذه القصة : انقاذ هذه الصفحه جونو بيتش ، Fla -- (التجارة الاسلاك) -- مجلس إدارة عالمية للتنمية وشراء ممتلكات شركة (وتكبب : شن (فوب : وب1) يماثل : وب1) المانيا : وب1 (مون : وب1 (ستو : وب1) ، وافق على القرار في انحرافها جزء من مقتنياتها في قارة الوقود المحدوده (وتكبب : كفول (فوب : كندي) المانيا : كندي) يماثل : كندي) الى شن المشتركة لتسجيل الاسهم في 11 تموز 2007 ، الذكرى الثانية لشن حملة فشركة تنمية الطاقة. ووفقا لقرار المجلس ، واحد للسهم من الاسهم كفول ستوزع على شن حملة الاسهم المشتركة لكل 50 أسهم شن المشتركة المخزون الموجود. شن اسهم كل مشترك سيحصل كفول واحدة على الاقل تشارك في هذا التوزيع وكسور الأسهم سيكون صعودا الى اقرب عدد صحيح. تاريخ سيتم توزيع 1 آب / اغسطس 2007 الى شن المشتركة لتسجيل الاسهم في 11 تموز 2007. المتصله يقتبس التغيير ٪ التغيير الأخير الذي شن كفول 0.062 0.00 0.00 2.44 0.06 2.46 4.76 0.005 0.105 هوغك رغم ان توزيع الاسهم سيقتصر من نقل لمدة سنة واحدة عملا بالماده 144 ، الباب شن حصل رأت ان الاسهم لن الضريبيه نتيجة للمستفيد حتى يتم بيعها أو نقلها. "لقد قطعنا شوطا كبيرا فى عامين فقط ويسمح هذا التوزيع المساهمين على الاستفادة من النمو الذي شن على نحو ملموس ،" تقارير شن الرئيس كمال عبدالله. "كما يسمح المجلس لإبراز قيمة الشركة وضعت منذ نشأتها. الآثار العرضيه لهذا الجزء من كفول سهم تمثل سوى حوالى 2 ٪ من صافي الأصول شن طبقا لاستعراض داخلي. " شن فيه الجميع عن التنمية العقاريه وشراء شركة (وتكبب : شن) تركز على اقتناء وتطوير ثبت النفط والغاز الطبيعي والطاقة الأخرى الفرص من خلال احتضان واكتساب اطار المشاريع المموله من الطاقة والتكنولوجيات المتطوره. واتساقا مع ذلك خطة الأعمال ، الذي شن مؤخرا اكتسبت اغلبيه ملكيه الشركات العامة وظيفتين اضافيتين ، وسط شركة النفط والغاز (وتكبب : هوغك) والقاريه الوقود المحدوده (وتكبب : كفول) ووو.كونتينينتالفويلس.كوم) ، وانشأت مؤسسة خاصة فرعية مملوكة بالكامل وازتك والخدمات المحدوده ، ومن ثم توسيع قاعدة اصولها وزيادة كبيرة في مصادر الايرادات المحتملة. البيانات الواردة في هذا البيان الصحفى التى لا تستند الى الحقيقة التاريخية الراهنة او تطلعيه في طبيعتها. هذه تطلعي البيانات التي تعكس وجهات نظر الادارة الحالية فيما يتعلق بالاحداث فى المستقبل وتخضع لبعض المخاطر والشكوك والافتراضات. ان واحدا او اكثر من هذه المخاطر او عدم التيقن او ينبغي ان تتحقق الافتراضات صحيحة ، تثبت النتائج الفعليه قد تختلف ماديا عن تلك الموصوفه هنا ، كما كان متوقعا ، يعتقد المقدرة ، أو المتوقع ، وفقا لوصف تعبيرات مماثلة. المصدر : عالمي التنمية العقاريه وشراء شركة

 

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الله يعطيك العافيه يالغالي

 

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للمتابعه من جديد

0.05​

اللهم لك الحمد

خبر ممتاز

الهاي

0.062​

 

[مضارب البني]

ملخص الخبر ...

كل من يملك 50 سهم UPDA يحصل على سهم من CFUL

وتاريخ الأحقية الأربعاء بعد القادم 11 / JULY

ولكن ... بيع الأسهم الممنوحة سيكون بعد سنة ​