** UP1 - es geht wieder LOS ! **
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WKN: A0ETWH
ISIN: US91379U1051
Symbol: UP1
* KAUFEMPFEHLUNG IN USA * KAUFEMPFEHLUNG IN USA *
DAS GIBT eine Rally bei UPDA heute TOCHTERFIRMA mit KAUFEMPFEHLUNG !!!!!
Continental Fuels Inc. Rated 'Speculative Buy,' Target Price $.53 by Beacon Equity Research
2008-02-06 07:00 ET - News Release
DALLAS, Feb. 6 /PRNewswire-FirstCall/ -- Continental Fuels Inc. has been rated Speculative Buy with a price target of $.53 by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at http://www.BeaconEquity.com
Anyone interested in receiving alerts regarding Continental Fuels research should email members@beaconequityresearch.com with "CFUL" in the subject line.
In the report, the analyst writes, "Continental Fuels, Inc. (CFUL) distributes crude and refined petroleum products. Its core business encompasses purchasing, selling, storing, blending and transporting petroleum products, both domestically and internationally.
In December 2007, the Company completed the purchase of all the outstanding shares of Geer Tank Trucks, Inc., a crude oil purchasing company. Founded in 1945, Geer Tank Trucks has five locations in North Texas and generates nearly $50 million in annualized revenues. Through this acquisition, CFUL gains four pipeline terminals with connections to major pipeline companies such as Colonial, TEPPCO and Plains, five service yards in various locations across North Texas, more than thirty 200 barrel transports, 50 frac tanks and water hauling and disposal facilities."
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Continental Fuels (CFUL). Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research and its affiliates have been directly compensated seven thousand five hundred dollars from a non-controlling third party for enrollment of CFUL in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequityresearch.comhttp://www.BeaconEquity.com
Available Topic Expert(s): For information on the listed expert(s), click
appropriate link.
JEFF BISHOP
http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=70781
Beacon Equity Research
CONTACT: Jeff Bishop of Beacon Equity Research, +1-469-252-3505,
press@beaconequityresearch.com
Web site: http://www.beaconequityresearch.com//
wieviel davon auf htog übertragen wurden weiß ich nicht, die fördern aber anscheinend auch mehr wasser als öl
umfeld wäre super, jedoch ist upda mit seinem modell gescheitert.
zahlen von upda interessieren derzeit eh mehr keinen, die können nur schlecht sein.
interessant sind die förderzahlen und cful die ja ziemlich abgegackt sind.
Operator Name: UPDA OPERATORS, INC., Operator No: 878507
Statewide Statewide
Monthly Totals, Jan 2007 - Oct 2008
Date Oil (BBL) Casinghead (MCF) GW Gas (MCF) Condensate (BBL)
Jan 2007 1,351 556 6,851 19
Feb 2007 1,153 666 6,639 41
Mar 2007 1,374 788 6,960 45
Apr 2007 1,016 764 7,016 48
May 2007 1,071 685 7,248 48
Jun 2007 1,282 515 7,113 4
Jul 2007 588 572 24,024 36
Aug 2007 680 696 22,847 64
Sep 2007 717 604 18,811 117
Oct 2007 694 563 17,307 107
Nov 2007 670 501 16,077 217
Dec 2007 517 620 16,102 143
Ich bin auf die nächsten Quartalszahlen gespannt. Wieviel neue shares ausgegeben wurden (die 1 Milliarde hatten wir bisher ja noch nicht geknackt).
Haben Sie eine Umsatz und Gewinnsteigerung erreicht oder nicht?
Die News sind ja sehr überschaubar zur Zeit.
Nach dem Kursverlauf zufolge sind die nächsten Zahlen wieder eine einsame Katastrophe.
wenn kamal jetzt 1 mio dollar eigenkapital in die aktie pump und zwar zum aktuellen preis, wäre es
1. ein größeres zeichen als damals als er sich aktien für 2 dollarcent genehmigte als der kurs noch viel höher war und
2. würde er trotzdem noch mehr aktien bekommen als damals.
aber wahrscheinlich genehmigt er sich die aktuen dann zum kurs von 0,005
7-Mar-2008
Completion of Acquisition or Disposition of Ass
Item 2.01 Completion of Acquisition or Disposition of Assets.
On March 6, 2008 (the "Closing Date"), the Registrant closed an asset sale transaction pursuant to the terms and conditions of the Asset Purchase Agreement (the "APA") by and between Heartland Oil and Gas Corp. ("Heartland"), a Nevada corporation and a majority owned subsidiary of the Registrant, as the Purchaser, and the Registrant and its subsidiary Catlin Oil & Gas, Inc. ("Catlin") as the sellers (collectively the Registrant and Catlin shall be referred to herein as the "Seller"), whereby Heartland purchased certain oil and gas related assets (the "Assets") from the Sellers for a total purchase price on the Effective Date of $6,885,000 (the "Purchase Price"). The Purchase Price paid by Heartland for the Assets consisted of two (2) promissory notes issued by Heartland to the Sellers in the aggregate amount of $6,885,000. The APA is dated as of August 15, 2007 and the transaction has an effective date under the terms of the APA of October 1, 2007 (the "Effective Date").
Assets Purchased
As of the Effective Date, under the terms and conditions of the APA, Heartland purchased and the Sellers sold all of the rights, title and interest of the Sellers in certain assets collectively defined as the "Assets" in the APA. The Assets consist of: Sellers' interest in and to those properties described in the APA (the "Properties"), being (i) all right, title and interest in the oil and gas leases, listed in the APA (the "Leases"), (ii) all of Sellers' right, title and interest in (A) all wells listed in the APA (the "Wells"), (B) the permits that relate to the Wells and the Properties (the "Permits"), and
(C) all equipment, materials and personal property, fixtures, and facilities used or useful in the production, gathering, storing, measuring, treating, operating, maintaining, marketing or transportation of hydrocarbon production from the Leases or lands pooled or unitized therewith and relating to the Wells and Properties (the "Equipment"), (iii) all of Sellers' right, title and interest in all contracts and contractual rights insofar and only insofar as they relate to the Leases and Equipment, including without limitation all unit agreements, surface rights and leases, gas sale and purchase contracts, oil and gas leases and/or subleases and assignments, mineral deeds, royalty deeds, operating agreements, easements, rights of way, farm-out and farm-in agreements and all similar rights leased or owned by the Sellers, and oil and gas sales, purchase, exchange and processing contracts and agreements, whether of record or not (the "Contracts"). It is the intent of the Sellers to convey and assign all of its right, title and interest in and to the Assets to Heartland. Petro Pro, Ltd, a Texas limited partnership, retains a 6.25% of 8/8th's working interest (the "Retained Interest"), with a net revenue interest of 0.04812500, and 1% of 8/8th's overriding royalty interest, with such working interest and overriding royalty interest being in five (5) oil and gas leases on 700 acres of property located in Palo Pinto County, Texas which contain more than 10 producing wells. Therefore aggregate interest being conveyed in these leases are a 93.75% Working Interest with a net revenue interest of 0.72187500.
The Sellers' interest in the Properties, Leases, Wells, Permits, Equipment and Contracts, net of the Retained Interest described above, are collectively defined as the "Assets" in the APA. The aggregate Purchase Price paid by Heartland to the Sellers on the Closing Date for the Assets was valued at $6,885,000 and consisted of two (2) promissory notes issued by Heartland to the Sellers. The promissory notes issued by Heartland as consideration for the Assets purchased pursuant to the APA are described in greater detail below. Any capitalized terms in this section of Item 2.01 that are not defined herein shall have the definition given them under the terms of the APA.
The foregoing description of the APA and the transaction contemplated thereby is a summary of terms, is not intended to be complete and is qualified in its entirety by the complete text of that agreement, including the exhibits thereto, a copy of which is attached as Exhibit 2.1 to this Report. The reader is advised to reference Exhibit 2.1 for the complete terms of the APA and a more detailed description of the Assets purchased by the Registrant as of the Effective Date.
Terms of the Promissory Notes
As consideration for the Assets purchased under the terms of the APA, Heartland issued to the Sellers two (2) promissory notes in the aggregate amount of $6,885,000. Promissory Note Number 1 ("Note 1") has a principal amount of $ 3,635,000 and is due and payable in one lump sum payment on April 6, 2008. Note 1 is unsecured and is junior to any of Heartland's outstanding secured debt. Note 1 does not earn interest.
Promissory Note Number 2 ("Note 2") has a principal amount of $3,250,000 and a three (3) year term with the principal amount being due and payable in thirty-six (36) monthly payments of $90,277.78. Heartland shall pay interest on the unpaid principal amount of Note 2, until such principal amount shall be paid in full, at the rate of 15% per annum. Interest shall be payable (i) quarterly in arrears, (ii) on the Maturity Date, and (iii) if any interest accrues or remains payable after the Maturity Date, upon demand by the Sellers. Note 2 is unsecured and is junior to any of Heartland's outstanding secured debt.
The foregoing description of Note 1 and Note 2, and the transactions contemplated thereby, is a summary of terms, is not intended to be complete and is qualified in its entirety by the complete text of those promissory notes, copies of which are attached hereto as Exhibits 10.1 and 10.2 to this Report.
Related Party Transaction
The parties to the above described asset sale transaction are related parties. UPDA is the controlling shareholder of Heartland's voting capital stock and is its parent company, and members of the Registrant's board of directors also sit on the board of directors of Heartland, and constitute a majority thereof. To address potential conflict of interest issues, the Registrant and Heartland retained European American Advisors, Inc., a New York City based investment bank, to review the financial terms of the above described asset purchase transaction and to issue a fairness opinion thereon to the respective boards of directors.
Item 9.01. Financial Statements and Exhibits
Financial statements of business acquired:
Pro forma financial information:
Exhibits.
Exhibit Description
2.1 Purchase and Sale Agreement, entered into as of August 15, 2007, by and
between Heartland Oil and Gas Corp., a Nevada corporation, as the
purchaser and Universal Property Development and Acquisition Corporation,
a Nevada corporation and Catlin Oil & Gas, Inc., its subsidiary, as the
Sellers. #
10.1 Promissory Note of Heartland Oil and Gas Corp., a Nevada corporation, in
the principal amount of $3,635,000. #
10.2 Promissory Note of Heartland Oil and Gas Corp., a Nevada corporation, in
the principal amount of $3,250,000. #
________________________
# Filed herewith.