Canyon Creek Successfully Perforates The #1 Roberts Unit.

HOUSTON -- Canyon Creek Oil & Gas Inc. (A Joint Venture of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) and USProduction & Exploration, LLC (USPX), a privately held Company) successfully removed the residual concrete from the bottom of the #1 Roberts Unit located on its 243 acre lease in Victoria County, Texas this afternoon. Further gamma-ray logs confirmed the excellent quality sand and the neutron log run simultaneously with the gamma-ray indicates gas productive in the Yegua "A", "B" and "C" stringers. Based upon this information, the management of Canyon Creek decided to perforate the well in the lower Yegua "C" sand below 8730'.

Canyon Creek successfully perforated the tubing this afternoon and the well unloaded itself and brought gas to the surface within 30 minutes.

The management of Canyon Creek and UPDA will continue to monitor the well throughout the day.

Upon original completion in 1990, the #1 Roberts Unit flowed at an absolute open flow of 9,000,000 cfg from the Yegua "B" stringer as reported to the Railroad Commission of Texas on Form G-1. The Form G-1 shows the well flowing 2,668 mcfgpd on a 8/64'' choke with 4,727 psi flowing tubing pressure.

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.

About CCOG 

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. The Company has also acquired properties located in Inez Field in Victoria County and Giddings Gas Field in Fayette County, Texas. Canyon Creek continues a revitalization program on all of its properties in order to improve production and bring more wells on line.

About USPX

USProduction & Exploration, LLC, 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 depleted reservoirs and unconventional gas is innovative: it combines horizontal, 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.