Eine Chance auf ein paar Prozente ? A0ETWH
Anzeige:
16% Ausschüttung p.a. - DCM Deutsche Mittelstandsfonds 1 KG
Der Fonds investiert für Sie in erfolgreiche, deutsche mittelständische Unternehmen. Jetzt informieren!
Texas Energy, Inc., Tochtergesellschaft von Universal Property Development and Acquisition Corporation (OTCBB:UPDA), übernimmt heute die Kontrolle über mehr als 30 Pachten mit insgesamt ca. 1.100 ha in Jack County, im US-Bundesstaat Texas.
Die als Catlin Oil and Gas Field bekannte Anlage umfasst 64 Ölquellen, deren Fördervolumen zur Zeit ca. 50 Barrel und 250 MCFG pro Tag umfasst. Texas Energy hat einen Mineralölingenieur damit beauftragt, einen Investitionsantrag für Aufwältigung der Ölquellen zu erarbeiten. Nach der Aufwältigung wird von einer weitaus höheren Fördermenge ausgegangen.
"Das Aufwärtspotenzial von diesem Feld ist enorm. Wegen der mangelnden Instandhaltung dieser Quellen in den letzten 3 Jahren waren viele davon für eine ganze Zeitlang gesperrt", berichtet Ty McDermett von Texas Energy. Wenn diese 64 Quellen zu den 17 dazukommen, bei denen Texas Energy bereits mit der Aufwältigung begonnen hat, erwarten wir ziemlich beeindruckende Förderzahlen."
Wie bereits zuvor berichtet, beinhaltet diese Akquisition eine 12 meilenlange Pipeline und ein 70 meilenlanges Aufnahmesystem, das von Texas Energy Pipelines and Gathering Systems, Inc., einer anderen Tochtergesellschaft von UPDA, übernommen wird. Die im Rahmen der Akquisition erworbene Ausrüstung wird an UPDA Oilfield Services, Inc., eine andere Tochtergesellschaft, übertragen.
"Diese Akquisition zeigt unser Engagement, weiterhin an unserem Unternehmenswert zu arbeiten", sagte Steve Barrera, Regionalmanager bei UPDA Texas.
"Der Barnett Shale Prospect könnte unsere Reserven exponentiell erhöhen. Durch UPDA Oilfield Services werden wir die Kosten senken und die Aufwältigung und Bohrprojekte dieser Anlage beschleunigen können, und durch unsere anderen Tochtergesellschaften, die Akquisition sowie die beabsichtigte Erweiterung von Pipeline und Aufnahmesystemen schaffen wir eine neuerliche Einnahmequelle aus unserem Kerngeschäft."
Eine von Randy Moseley, geprüfter Mineralölingenieur, im November 2005 durchgeführte, unabhängige Reserveanalyse ergab, dass die Anlage aufgrund gegenwärtiger Förderzonen schätzungsweise 2.500.000 mcfg und 400.000 Barrel Öl enthält. Diese Analyse berücksichtigte weder das Förderpotenzial von Barnett Shale Prospect, noch andere der vielfachen Payzonen der Anlage.
Zusätzlich zu Pachtrechten, Pipeline, Aufnahmesystem und Ausrüstung übernimmt Texas Energy zudem die Kontrolle über ca. 20 ha Oberflächenrechte. Darunter befinden sich auf rund 14 ha ein Maschinengeschäft und ein Ausrüstungsfeld.
Der Fortschritt hinsichtlich dieser Akquisition wird seitens UPDA im Rahmen der Website-Aktualisierungen unter www.universalpropertydevelopment.com dokumentiert.
Über UPDA
Die Gesellschaft Universal Property Development and Acquisition Corporation (OTCBB:UPDA) konzentriert sich auf den Erwerb und die Weiterentwicklung von nachgewiesenen Öl- und Gasvorkommen und anderen Energiequellen. Der Erwerb und die Weiterentwicklung erfolgen durch die Gründung von Joint Ventures mit Eignern unterbewerteter Mineralpachten sowie durch Spitzentechnologien.
Aussagen in dieser Pressemitteilung, die nicht auf historischen Fakten beruhen, sind naturgemäß zukunftsorientiert. Derartige zukunftsorientierte Aussagen spiegeln die gegenwärtige Ansicht des Managements hinsichtlich künftiger Ereignisse wider und unterliegen bestimmten Risiken, Unwägbarkeiten und Annahmen. Falls derartige Risiken oder Unwägbarkeiten zum Tragen kämen oder sich Annahmen als unrichtig erweisen sollten, können die tatsächlichen Ergebnisse wesentlich von den in dieser Pressemitteilung vorhergesagten, angenommenen, geschätzten und/oder erwarteten Ergebnissen abweichen.
__________________________________________________
the two: >Streifenkarl ab in den Streifenwagen<
UPDA Operators will assume all responsibility for the maintenance and pumping of the wells, manage the reporting and sales of the expanding production, post the necessary bonds with the Texas Railroad Commission and provide adequate insurance for the fields which it will operate.
"Over the past three months, we have more than doubled the number of wells we control through our growing network of subsidiaries," said Chris McCauley, Vice President of UPDA. "Our production, in BOE terms, is almost double the existing and we saw the need to provide the operational infrastructure for all our current and future JVs. By operating our own wells, we will apply consistent, professional methodologies, control costs and maximize production."
Complimentary to the operating company, UPDA is also in the process of forming an oil services subsidiary utilizing the property acquired in the Catlin lease acquisition which included rigs, pulling units, dozers, graders and other valuable equipment. The well services company will be managed by experienced, competent oil and gas professionals and is expected to provide services previously subcontracted to unaffiliated consultants.
"This well services company will give us even greater cost control and, more importantly, allow us to complete workovers efficiently and properly without the delay or disinterest of third party equipment and crews," continued McCauley. "We expect to bring many more wells online in the very near future now that we have our own well services equipment.
"Texas Energy has almost 40 shut in wells in the Catlin Field alone that we expect to workover and the more than 20 wells that are producing there could be improved with some simple maintenance and repairs. With this new subsidiary, we can begin that work immediately and complete it without delay. This does not even account for the Barnett Shale drilling program we expect to commence."
The UPDA Vice President concluded, saying, "We think this well service subsidiary, coupled with the operating subsidiary, will allow us to generate direct, dramatic production increases from all of our properties."
These production increases and all other progress will be reported by UPDA on its website at www.univeralpropertydevelopment.com.
May 4, 2006 (FinancialWire) In a move to establish standardized analysis and procedures, Universal Property Development and Acquisition Corporation (OTCBB: UPDA) has incorporated a new company, UPDA Operators, Inc., to manage all of its well operations.
UPDA Operators will become authorized to operate over 150 wells that UPDA owns through its Texas subsidiaries, assuming all responsibility for the maintenance and pumping of the wells, management of the reporting and sales of the expanding production, posting of the necessary bonds with the Texas Railroad Commission, and providing of adequate insurance for the fields which it will operate.
"Over the past three months, we have more than doubled the number of wells we control through our growing network of subsidiaries," said Chris McCauley, vice president of UPDA. "Our production, in BOE terms, is almost double the existing and we saw the need to provide the operational infrastructure for all our current and future JVs. By operating our own wells, we will apply consistent, professional methodologies, control costs and maximize production."
Complimentary to the operating company, UPDA is also in the process of forming an oil services subsidiary utilizing the property acquired in the Catlin lease acquisition which included rigs, pulling units, dozers, graders and other valuable equipment. The well services company will be managed by experienced, competent oil and gas professionals and is expected to provide services previously subcontracted to unaffiliated consultants.
"This well services company will give us even greater cost control and, more importantly, allow us to complete workovers efficiently and properly without the delay or disinterest of third party equipment and crews,"explained McCauley. "We expect to bring many more wells online in the very near future now that we have our own well services equipment.
"Texas Energy has almost 40 shut-in wells in the Catlin Field alone that we expect to workover and the more than 20 wells that are producing there could be improved with some simple maintenance and repairs. With this new subsidiary, we can begin that work immediately and complete it without delay. This does not even account for the Barnett Shale drilling program we expect to commence."
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.
The Investrend Research program is the largest in the world and includes a number of safeguards to reduce or eliminate conflict. These systems, including media coverage and endorsements, may be accessed at http://www.investrendresearch.com
Investrend Research subscribes to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com, and adheres to the Guidelines for independent providers jointly endorsed by the National Investor Relations Institute (http://www.niri.org) and the CFA Institute (http://www.cfainstitute.org).
Buyside Magazine has stated that Investrend Research "remains in the vanguard of both standards and independence." ODwyerPR has cited Investrend Research as "exceeding the standards of CFAI-NIRI." The CFA Magazine, citing Investrend and its affiliates as having "strict rules about compensation and full disclosure," which "should go a long way towards ensuring objectivity," said "issuer-paid research is here to stay." Investrend has been cited by the Dow Jones Newswires, Financial Mail, Shareholder Value, and NIRI\'s "IR Update," which stated that Investrend "accomplishes the goal and more." Investrend\'s model has been endorsed by the New York Times, former SEC Chair Arthur Levitt and shareholders themselves, 70.9% of whom said in a survey at InvestoPedia, that a company that enrolls for "legitimate fee-based research is making a positive statement about its investment potential." A survey at Charles Schwab & Co. revealed that 78% of active shareholders now "value research from independent firms over analysts by Wall Street firms with financial ties to the companies they are rating."
Enrollment fees for basic Benchmark coverage is $24,800, and the fees are being paid by Morgan Merchants, a third party.
All independent sponsored research distributed by Investrend Research Syndicate are enrolled for investor-monitoring by the Shareholders Research Alliance at http://www.shareholdersresearch.com.
Complete information about any company enrolled in an Investrend shareholder empowerment platform, including those of its affiliates and independent analysts and webcasters, including disclosures and disclaimers, is available at the company\'s InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes and on each report and press release, and investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.
For up-to-the-minute news, features and links click on http://www.FinancialWire.net
FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp
For a free annual report on a company mentioned in the news, please click on http://investrend.ar.wilink.com/?level=279
The NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268
http://www.financialwire.net
(C) 2006 financialwire.net, Inc. All rights reserved.
wohin geht heute die Reise?
__________________________________________________
the two: >Streifenkarl ab in den Streifenwagen<