(BSNS WIRE) UPDA Aztec Well Services, Inc. Subsidiary Obtains Permit for Six
ells in Cherokee Basin - 3 Wells Drilled into Coalbed
UPDA Aztec Well Services, Inc. Subsidiary Obtains Permit for Six Wells in Cherok
e Basin - 3 Wells Drilled into Coalbed Seams and Productive Sands
Business Editors
PAOLA, Kan.--(BUSINESS WIRE)----
Aztec Well Services, Inc., a subsidiary of Universal Property
Development and Acquisition Corporation (OTCBB:UPDA) (FWB:UP1)
(BCN:UP1) (GER:UP1) (MUN:UP1) (STU:UP1), has obtained permits from the
Kansas Corporation Commission (
www.kcc.state.ks.us/) to drill 6
new wells in the Cherokee Basin Field owned by another UPDA
subsidiary, Heartland Oil and Gas Corporation (OTCBB:HOGC)
(
www.heartlandoilandgas.com)."We drilled these wells in order to take advantage of the
productive gas sands in addition to the coal bed seams above that
level," reports Aztec Field Superintendent, Agustin Soto. "As a
result, from the logs on the Oberheid
#14-8, we are estimating 50
mcf/day of coal bed methane and 40 mcf/day of sand gas which would
make this well one of Heartland's most productive. Once we have
drilled all 6 new wells, we will bring in the completion crew and
attach the wells to the gathering system."
The drilling of the first three wells has been accomplished. They
are the Klaussen # 14-6, 540 feet total depth, the Oberheid
#14-8,
which was drilled to 600 feet and the Warring
#31-8 which will reach
total depth on June 15 with production pipe and cement. Aztec is also
in the process of identifying 8 additional well locations for the next
phase of this drilling program.
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.
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.
KEYWORD: NORTH AMERICA FLORIDA KANSAS TEXAS UNITED STATES
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: Universal Property Development and Acquisition Corporation
CONTACT INFORMATION:
Universal Property Development and Acquisition
Corporation
Jack Baker (Investor Relations), 561-630-2977
info@updac.com
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