PROGRESS UPDATES UPDA Operators, Inc. Is Approved by Texas Railroad Commission to Operate Additional Leases
Tuesday, October 17th, 2006 11:31 AM EST UPDA Operators, Inc.
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Universal Property Development and Acquisition Corporation (OTCBB: UPDA) subsidiary, UPDA Operators, Inc., has received notification from the Texas Railroad Commission authorizing the company to operate certain leases located in Archer County, Texas and owned by UPDA subsidiary, Canyon Creek Oil and Gas Inc. Operation of the Jones-Ford Unit, Block Estate, Mahler ?A?, West Vogtsberger, and East Vogtsberger leases has been transferred to UPDA Operators effective of October 10, 2006.
Statements contained in this update 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.
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