UPDA - 3 month pattern run

[Mad Girl Investor]

Got this from another forum:

Look at the chart(6 mo, or 1 yr), it tends to run quarterly (aka every 3 months) and it tends to run between the middle and third week of the months in which it does run.

That's why I'm speculating that it'll either begin to run tomorrow or late next week. It pretty much depends on when the PR gets dropped, it'll run real fast (probably .4-.5) and then stop and promptly begin a slow, steady descent.

***I havent charted it yet, wanted to get input from Prodigy and Chinaman on this?

[fightknight]

This may sound crazy, but do you think, looking at the one year chart, that it's forming a saucer?

[Mad Girl Investor]

This may sound crazy, but do you think, looking at the one year chart, that it's forming a saucer?
I dunno..are there any martian's hovering around it..if so, probably.

[fightknight]

lol... honestly... I'm new im just wondering

[Pinguin]

I can guarantee it won't run tomorrow

[gatorboy2424]

yeah im forecasting a day's hault in upda running tomorrow, next week sounds good though

[mhertz]

markets are closed tomorrow....

[Pinguin]

Ummm exactly sorry it is Thursday and I left work a little early my sarcasm level is rather high.

[Mad Girl Investor]

There was a filing today by UPDA I saw on another board...Chinaman or Prodigy, have you seen and and if so, can you tell me what the heck it means??? Too much info, but doesnt seem so good. Thank you. Here is the link:

http://www.investorshub.com/boards/read_msg.asp?message_id=10693844

[mhertz]

NEW NEWS -- sounds very good and optimistic!!

UPDA Board of Directors Reports To Its Shareholders
Monday April 17, 12:38 pm ET

JUNO BEACH, Fla.--(BUSINESS WIRE)--April 17, 2006--Now that we have filed our annual financial statement and SEC Form 10K-SB, the UPDA Board of Directors, in our continuing effort to be transparent with our shareholders and the public, is pleased to summarize our financial results, report on the state of our subsidiaries and provide insight on our business and the future of our company.

As you may recall, UPDA took its present form as a result of an upstream merger completed in June 2005. A new board and management team was appointed at that time, and a new business plan adopted. Since that date, UPDA has entered five oil and gas joint ventures - Canyon Creek Oil and Gas, Inc., Texas Energy Inc., UPDA Petroleum Trading, Inc., West Oil and Gas, Inc. and WinRock Energy, Inc.

This new board and management team and the new business model have generated financial results that are clear evidence of our commitment to build shareholders' value. Despite having control for less than eight of the twelve months of 2005, current management was able to grow the assets of the company from $308,000 to over $3,071,000. At the same time, liabilities were decreased by one-third, from $975,000 to $650,000 and the loss per share narrowed from $16.94 to $0.86.

Shareholders' equity is in the black in 2005 - from a prior deficit of $666,500 to a surplus of $1.8 million - and - for the first time - in 2005, the company reported real revenue from actual operations.

Although we are proud of our efforts, the UPDA board and management is not satisfied. In 2005, we gained valuable experience, established significant relationships and built a solid basis from which we can continue our growth. In 2006, we expect to expand on that base, utilize our relationships and experience and position UPDA for consistent profitability.

As a result of the continuous refinement of our business model, we will achieve our goals through the following established and many other, yet to be created, subsidiaries:

Canyon Creek (CCOG) was formed in July 2005 with three properties in north Texas. As a result funding provided by UPDA, CCOG started production in October 2005 and its portfolio of properties grew from three to seven oil and gas fields. Although there have been limited disappointments, CCOG is now producing, or able to produce, from four of its seven properties. Work continues and we expect CCOG will continue to increase its oil and gas production in the coming weeks and months.

CCOG recently executed a Letter of Intent with Avalon Oil and Gas, Inc. (OTCBB:AOGS - News) for the sale of a 50% working interest in CCOG's Starr County field. For this 50% interest, AOGS has agreed to pay CCOG $75,000 cash and 7.5 Million shares of Avalon common stock (Total value - $750,000). CCOG had originally acquired its 100% working interest in this field for the total sum of $94,000. Although UPDA generally intends to retain all of the properties it acquires, it is apparent from these numbers that this offer could not be ignored.

As for the Inez lease, which must be considered a setback to date, sand was encountered in the B pay zone creating production complications that were insurmountable. We are presently formulating a plan to produce the well from the Yegua A Zone and remain optimistic that this well will generate revenues commensurate with our investment.

Texas Energy Inc. was formed in March 2006 with three properties. As a result of UPDA investments, two of the three fields are partially producing and work over is ongoing.

More significantly, Texas Energy will be reporting the details of another major acquisition shortly.

UPDA Petroleum Trading, Inc. was established in March 2006. While this company is capable of generating income from trading crude, condensate and refined product, the importance of a trading company is to mitigate the risk of fluctuating oil and gas prices. Through this subsidiary, we will balance our ability to deliver product, establish a vertical presence in the industry and exploit a unique international opportunity. Later in the week, UPDA will be reporting additional progress on the organization of this subsidiary.

Although they have encountered unfortunate obstacles to success, we continue to work with our partners in West Oil and Gas Inc. and WinRock Energy, Inc. to commence the business of these two subsidiaries.

The first order of business this year is our intention to add two more units - UPDA Oil Services Company - to perform and manage in-house all of our well workovers, drilling programs and scheduled maintenance - and UPDA Pipelines and Gathering Systems - to exploit the extensive network of gathering systems and pipelines we are acquiring, maximize the return on our investment in those pipelines and gathering systems and generate additional revenues for the company.

In 2006, the Board and the management of UPDA intend to continue aggressive expansion consistent with our established business model. We intend to grow each subsidiary generically and to expand UPDA by adding more subsidiaries. We will continue to surround ourselves with respected oil and gas professionals and to pursue each new source of opportunity. As important, we will continue to establish and refine cost reducing financial controls on our operations and to fine tune our business model and business relationship structures in order to achieve success and build value for our shareholders.

As we look back at our first eight months of operation, we are proud of our financial results, the progress of our business and of our many achievements. As we look into the future, we are confident that UPDA is well positioned to enter its next phase of expansion and to face the challenges of the future.

We take this opportunity to thank our shareholders for your continued support.

UPDA Board and Management

[MrWilson]

Check this news out http://biz.yahoo.com/e/060417/upda.ob10ksb.html

Highlights;

Net loss. Net loss increased from $1,761,226 for 2004 to $9,034,444 for 2005. The primary reason for this increase relates to our increase in consulting expense and general administrative expenses. In addition, $6.3 million of the loss was prior to July 2005 when we reorganized the Company and change our business to oil and natural gas acquisition, development and production.

Liquidity and Capital Resources

Cash Requirements

The Company has incurred recurring operating losses since its inception, and as of December 31, 2005 had an accumulated deficit of approximately $25,877,091 and had insufficient capital to fund all of its obligations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments to reflect the possible future effect of the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of this uncertainty.

The Company's continuation as a going concern is dependant upon receiving additional financing. The Company anticipates that during its 2006 fiscal year it will need to raise substantial funds to support its working capital needs and to continue to execute the requirements of its business plan. On February 13, 2006, the Company agreed to issue Eight Hundred and Ten (810) shares of its Class B Preferred Stock in exchange for $810,000 in cash.
Management of the Company is currently in a process of trying to secure additional capital. There can be no assurance that the Company will be successful in this capital raise or with other attempts to raise sufficient capital.

[chazutx]

Hhmm, I don't like that newswire at all regarding UPDA. I might have to bail...

[mhertz]

Concern yourselves with the future plans of UPDA, and not the past. I think Management's discussion (the information I previously posted) is more indicative of where they're headed!

[MrWilson]

Future plans are nice if you have the finances to complete them. The filing states "The Company anticipates that during its 2006 fiscal year it will need to raise substantial funds to support its working capital needs and to continue to execute the requirements of its business plan."

This was filed Form 10KSB on 17-Apr-2006.
Not saying it can't be done, but, that is alot of debt.

[chazutx]

Exactly what Mr. Wilson posted. It's has a huge hole it has to dig itself out of first....something like 25 million I believe. Plus a loss of 1 mil in 2004 to 9 mil in 2005 isn't such a great sign in itself. But then again this is an OTC stock.

[Mad Girl Investor]

***** In addition, $6.3 million of the loss was prior to July 2005 when we reorganized the Company and change our business to oil and natural gas acquisition, development and production.******

This is the reason why the loss.

On the surface it doesnt sound insurmountable, especiallt considering how much they grew in just those 8 months of '05. Perhaps prodigy or C-man will give insight. They've done much more DD on UPDA.

[chinaman711]

Allmost Everyone Of These Small Oil Companys Will Have To Raise Money To Carryout Their Business Plan And They All Put Out Warnings To Cover Their A@@. Imo Upda Will Have A Run Just Like Pogi Had But I Would Look For More Then The .42 Pogi Run. Support Is At .157 With Resistance At .189. Right Now There Are Better Plays Then Upda But If Upda Takes Out .189 Look For A Run Imo.

[chinaman711]

This new board and management team and the new business model have generated financial results that are clear evidence of our commitment to build shareholders' value. Despite having control for less than eight of the twelve months of 2005, current management was able to grow the assets of the company from $308,000 to over $3,071,000. At the same time, liabilities were decreased by one-third, from $975,000 to $650,000 and the loss per share narrowed from $16.94 to $0.86.

Shareholders' equity is in the black in 2005 - from a prior deficit of $666,500 to a surplus of $1.8 million - and - for the first time - in 2005, the company reported real revenue from actual operations.

Although we are proud of our efforts, the UPDA board and management is not satisfied. In 2005, we gained valuable experience, established significant relationships and built a solid basis from which we can continue our growth. In 2006, we expect to expand on that base, utilize our relationships and experience and position UPDA for consistent profitability.

As a result of the continuous refinement of our business model, we will achieve our goals through the following established and many other, yet to be created, subsidiaries:

Canyon Creek (CCOG) was formed in July 2005 with three properties in north

[Mad Girl Investor]

Thats reassuring C-man, thanks. I knew your knowledge of these companies would be helpful.

[chinaman711]

I think you said the same thing about POGI and it has had 2 big runs. UPDA just 1 big run so far. All you can lose is .17 and who knows upda could run again just like pogi did after most were talking about it being a pos and once the weak hands were out it took off. imo upda will do the same thing.

[Mad Girl Investor]

Why dont you take a freakin hike woman...idiot.

[mhertz]

NEW news on UPDA!!



UPDA Subsidiary - Texas Energy, Inc. - Enters Agreement to Purchase 2700 Acre Oil and Gas Field in Jack County, Texas
Tuesday April 18, 8:45 am ET
Acquisition Includes Existing Production and Undeveloped Barnett Shale Prospect

GRAHAM, Texas--(BUSINESS WIRE)--April 18, 2006--Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) subsidiary, Texas Energy, Inc., has executed an agreement to purchase over 30 leases, covering approximately 2700 acres in Jack County, Texas. The property, known as the Catlin Oil and Gas Field, contains 64 wells, 12 miles of pipeline and a 70 mile gathering system. In addition, Texas Energy will acquire several pieces of much needed well service equipment including rigs, dozers and graders. This equipment has been internally valued in excess of $1,000,000.00.

"This acquisition establishes UPDA as a solid presence in North Texas and provides the service equipment we have been seeking so that we can perform our own workovers," said Chris McCauley, UPDA Vice President. In addition, the pipeline and gathering system will allow us to provide the neighboring producers with transportation services so that they can get their product to market. This acquisition has great promise."

In conjunction with this acquisition, UPDA will establish two additional subsidiaries - one to perform all drilling, workover and well maintenance services for UPDA properties in the area and another to market the pipeline and gathering capabilities to neighboring producers. These new subsidiaries will be funded by UPDA and utilize the equipment and pipelines acquired in this transaction.

"Despite the fact that these wells have been substantially ignored since Mr. Catlin passed away three years ago, they still generated in excess of $1,000,000.00 in revenue last year," continued UPDA's McCauley. "As soon as this deal is closed, we will commence a workover program that we expect will greatly enhance the production from the existing wells. After that, we will start a drilling program of relatively shallow wells similar to the 64 existing. At the same time, we will explore deeper drilling in order to exploit the Barnett Shale prospect of the property. If the property does produce from the Barnett Shale as we expect it will, Texas Energy will establish itself as force in North Texas oil and gas.""

An independent reserve analysis performed by Randy Moseley, Certified Petroleum Engineer, in November 2005, estimated that the property, from current production zones, contains reserves of approximately 2,500,000 mcfg and 400,000 barrels of oil. This analysis did not consider the production potential of the Barnett Shale prospect or other multiple pay zones of the property.

In addition to the lease rights, pipeline, gathering system and equipment, Texas Energy also acquired approximately 50 acres of surface rights, 35 of those acres attached to a house on the property and 15 acres involving the shop and equipment field. The total purchase price, including all brokers' commissions and due diligence consultants is $2,300,000.00 and the acquisition is scheduled to close on or before May 23, 2006.

The production from these wells will be reported by UPDA as it continues to update its website at: www.universalpropertydevelopment.com.

[Mad Girl Investor]

Hope this brings good results.

[chinaman711]

I added to upda just needs to get thru .19 imo. CVX wow another great day

[Mad Girl Investor]

It seemed to get its engines revving this morning, but it needs volume to push it thru.

[Mad Girl Investor]

upda primed now at .187...go!

180000 @.187
200,000 @ 187

Nice!

[chinaman711]

Mad Girl its a matter of time imo before upda takes off. Look at PAPO doubled in a week. These little oil stocks are great as long as oil goes higher.

[Mad Girl Investor]

This one is interesting to follow, C man...in the AM is got a little juice, then relaxed few hours, then eod, it geared up again. That tells me the buyers are just waiting for the right price to enter.

And yes, thats the only good thing about oil's high price, it makes the oil stocks run.

[Bman409]

Mad Girl its a matter of time imo before upda takes off. Look at PAPO doubled in a week. These little oil stocks are great as long as oil goes higher.

Oil's goin' to $75

[chinaman711]

Could see 80 by summer and it could see 100 like some think. The big money will be made when oil tanks.

[Mad Girl Investor]

What area will benefit from when oil drops? Where will the money be then? Besides shorting oil's?

[englishman26]

Today's penny oil stock of choice could be GERI. Keep an eye on it.

[Mad Girl Investor]

A guy on HSM said UPDA is being diluted, and suggested calling the TA to inquire if its stopped. Anyone know what this means? TA?

[NATHAN LLOYD]

Transportation stocks are really good when oil price drops (e.g., Fedex, or southwest airlines). I'm sure there are several others. The big question is.

When or will oil prices drop????

This just made me wonder if I could short ALK if they miss earnings tomorrow.

[englishman26]

I swapped out UPDA for GERI first thing this morning. I like UPDA but I want to see it move through 0.20 before I buy it back. L/t it still has 0.45-ish coming up but when is hard to predict!

(I swapped because I don't like holding more than 1 of these penny oils at once!)

[madcowdisease]

(I swapped because I don't like holding more than 1 of these penny oils at once!)

Prudent.

[Mad Girl Investor]

Business Wire - April 24, 2006 08:15

LAREDO, Texas, Apr 24, 2006 (BUSINESS WIRE) -- The petroleum trading subsidiary of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) has signed the contract, made its initial deposit and scheduled the closing in 30 days for its acquisition of the former Silver Petroleum storage facility in Brownsville, Texas. The total purchase price of the facility is $1,000,000.00.

The storage facility to be acquired by UPDA presently consists of 4 tanks with a capacity of 12,000 barrels each. In addition, UPDA will acquire the rights to build 6 additional storage tanks on the 5 acres it is acquiring in the International Port of Brownsville. UPDA's facilities constitute approximately 25% of the developed portion of this port. The facilities are accessible by ship, train and truck.

"The acquisition of this facility and the commencement of trading operations will establish another stream of revenue for UPDA," reports Steven A. Barrera, UPDA Regional Manager for its Texas Operations. "It will also mitigate the risk of price fluctuations of our own production."

In addition to the condensate from PEMEX, UPDA will also be importing crude and refined product from various international sources.

UPDA Trading also recently met with officials of the US Customs Service and other customs brokers in order to gain approval of its importation of crude oil condensate produced by Petroleos Mexicanos (PEMEX) (www.pemex.com).

A sample of the condensate to be imported was recently received from PEMEX and tested and the quality was confirmed and approved by both UPDA and the local refiners that will be the ultimate purchasers.

The activity of UPDA's trading subsidiary will be reported together with all of its well production at www.universalpropertydevelopment.com.