Universal Property Development and Acquisition Corporation (OTCBB:UPDA) continues the restructuring of its operations and expansion of its oil and gas expertise through the recent addition of Steven A. Fall, Certified Petroleum Geologist
#2133, to its management team.
Having received both a Bachelor's and Master's Degree in Geology from Texas A&M University, Fall has been retained as UPDA's Chief Geologist, reporting to the Board of Directors on such matters as seismic analysis, reserve studies and drilling locations of existing properties and future acquisitions. During the last five years, Fall has focused his efforts on the evaluation of unconventional regional venture projects and the uses of new technology. He has a proven ability to build asset value through exploration, development, and acquisitions.
"Steven has over 30 years as an oil and gas professional, first working with some of the best and brightest as an exploration geologist at Exxon-Mobil and later applying his expertise to assist large producers such as Marathon, Chevron and Texaco in their divestment analysis, putting together their sales packages and preparing their data rooms," reports UPDA Vice President Chris McCauley. "He brings a wealth of knowledge and experience that will assist us to continue the rapid development of our existing assets and to properly analyze UPDA's intended expansion into bigger and better properties. We feel very lucky to have him join our team."
Fall has been married for 37 years and is a resident of the Houston suburb of Sugarland, Texas. He will perform his duties at UPDA's office to be opened soon in the Houston area.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB: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.
For additional information visit: www.universalpropertydevelopment.com.
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.
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