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Gold/Mining/Energy : Universal Property Development and Acquisition Corp.
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To: Randy who wrote (5)9/22/2006 12:37:31 PM
From: MicroKing  Read Replies (1) of 16
 
September 21, 2006 - 5:02 AM EST

Natural Gas Pipeline Construction Continues at Catlin Field -- Oil Sales Increase as Additional Wells Turned to Production
As natural gas pipeline construction continues at the Catlin Oil and Gas field in Jack County, Texas, Universal Property Development and Acquisition Corporation (OTCBB:UPDA) subsidiary Ambient Wells Services, Inc. has turned additional wells to production.

During the past week, nearly 500 barrels of oil have been sold from only 3 of the 32 leases included in the Catlin workover project as Landmark 4, LLC and Rockey Well Services report their successful progression through the field. The pace of the project continues to increase as additional equipment arrives at the site.

"We are confident we can complete this project within the 60-day bonus period," reports Steve Swain, Landmark field superintendent. "We now have all of our equipment and personnel deployed and intend to work from dawn to dusk seven days a week in order to return this field to full production. The wells we have completed to this point have exceeded even our most optimistic expectations. As we complete the workover of the wells and the repair of the pipeline, the delivery of production will continue to expand."

The progress of this project will be reported by UPDA as it continues to update its website at: www.universalpropertydevelopment.com.

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