Canyon Creek to Install Production Facilities at its #1 Nelson Roberts Unit in Victoria County, Texas.HOUSTON -- Canyon Creek Oil & Gas Inc. (A Joint Venture of Universal Property Development and Acquisition Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :UPDA UPDA Urban Planning and Development Authority (Qatar) ) and USProduction & Exploration, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a privately held Company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. ) has completed the Yegua sand utilizing Schlumberger's (http://www.slb.com/) deep penetrating shaped charge perforating gun to clean out the existing perforations. This patented process extends the perforation per·fo·ra·tion n. 1. The act of perforating or the state of being perforated. 2. An abnormal opening in a hollow organ or viscus, as one made by rupture or injury. Perforation A hole. length a maximum of 10' as opposed to the normal 15 inches. This extended perforation length into the sand exposes more productive zone to the well bore. Canyon Creek lowered the perforating gun into the well bore and aligned the gun across the midpoint mid·point n. 1. Mathematics The point of a line segment or curvilinear arc that divides it into two parts of the same length. 2. A position midway between two extremes. of the perforations. Canyon Creek has now confirmed the bottom hole pressure at 5600 psi. Additional flow tests will determine the optimum flowing pressure at the surface. The company will deliver and install production facilities this week and tie in to the pipeline. As previously reported, the company will sell its gas to Duke Energy Services (http://www.duke-energy.com/). The production from this well, as well as the production from all of its properties, will be reported by UPDA as it continues to update its website at www.universalpropertydevelopment.com. 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. About CCOG CCOG Canadian Council on Geomatics CCOG Centralina Council of Governments (Charlotte, North Carolina) CCOG Centre Culturel Oumarou Ganda CCOG Communauté de Communes de l’Ouest Guyanais CCOG Common Classification of Occupational Groups 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 Fayette County is a county located in the U.S. state of Texas. As of 2000, the population was 21,804. Its county seat is La Grange6. Fayette is named for the Marquis de la Fayette, a French nobleman who became an American Revolutionary War hero. . Canyon Creek continues a revitalization program on all of its properties in order to improve production and bring more wells on line. 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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