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QUIN is back on the BID! .385 along with BRGE. Might I add that QUIN has been buying for days, but has not been anywhere near the ask. Somebody is gathering and QUIN is there broker!
-------------------- Nothing moves a sub like news!!!
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Shorterm Target finally hit. Out for now .445. But will be buying back dips. Im still amazed at yesterday's dip and come back. More surprised on it dipping in the first place than the comeback.
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Crap Im doing the due and its breaking out. I hate when Im right and late Ha! oh well have to wait for a pull back if it does. Congrats to those who got in early
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might not dip back under 40 it looks like that was a big resistance point..also there should be another pr out soon about getting more wells on-line
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Holding Strong... broke yesterdays high after breaking 1st line of resistence at .36... next resistence is .60... I think we will be well over $1 by this time next week..
7 new wells coming online in day's... PR eminant... Revenues and strong next qtr will bring people flooding too UPDA
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UPDA Subsidiary Canyon Creek and West Texas Gas Finalize Gas Purchase and Processing Agreement for Casinghead Gas in Coleman County PR Newswire - October 06, 2005 10:22
HOUSTON, Oct 06, 2005 /PRNewswire-FirstCall via COMTEX/ -- Canyon Creek Oil & Gas Inc. (A Joint Venture of Universal Property Development (OTC Bulletin Board: UPDA) and USProduction & Exploration, LLC. (USPX), a privately held Company) reached an agreement with West Texas Gas Company regarding the purchase, delivery, and processing of casinghead gas from Canyon Creek's Hagler Leases in Coleman County, Texas. Canyon Creek started delivering casinghead gas to WTG last week. The gas purchase and processing agreement provides for Canyon Creek to receive a percentage of the liquids processed at the WTG Jameson processing plant.
Canyon Creek is delivering its gas into a low-pressure pipeline operated by WTG and then the gas is transported to the Jameson plant for processing. The pipeline pressure recorded at the delivery point is approximately 80 psi. This low pressure allows Canyon Creek to move its gas from the wellhead to the pipeline without having to rent a large gas compressor from a third party. Instead, Canyon Creek installed and connected a small, vacuum pump compressor that lowers the pressure to 0 psi. The casinghead gas is now free to flow into the WTG pipeline without having to buck the 80-psi line pressure. Another expected benefit is the oil production should increase as well.
Canyon Creek Oil & Gas Inc. was formed in July 2005 as a joint venture corporation for the purpose of acquiring currently producing oil and gas properties, low risk drilling prospects and existing wells in need of state-of-the-art technology to improve profitability. Canyon Creek Oil and Gas Inc. now has over 60 wells located on more than 2,000 acres in the Fort Worth basin with several more under consideration.
About Universal Property Development
Universal Property Development and Acquisition Corporation (OTC Bulletin Board: 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.
About USPX
USProduction & Exploration, LLC. (http://www.uspx.com), an independent production and exploration company located in Sugar Land, Texas, is engaged in the acquisition of oil and gas producing properties with multiple enhancement opportunities. USPX seeks high quality exploration drilling projects in conventional and unconventional reservoirs. The Company's approach to developing apparently depleted oil and unconventional natural gas reservoirs is innovative: it combines horizontal and multilateral with under balanced drilling methods.
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.
News provided by Dow Jones NewswiresSM, PR News Wire™ and Business Wire™. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.
Ameritrade is not responsible for the quality and suitability of third party financial or investment information or services. Please consult other sources of information and consider your individual financial position and goals before making an investment decision. Ameritrade, Division of Ameritrade, Inc., member NASD/SIPC. Ameritrade and Ameritrade logos are trademarks or registered trademarks of Ameritrade IP Company, Inc. 2002 Ameritrade IP Company, Inc. All rights reserved. Used with permission.
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If we can continue to gain a few pennies per day and hold it, I believe there is less chance of the bottom dropping out JMO......everyone has one. LOL
I really prefer a stock with slow gains over the severe climb and severe drop.
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