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  • I Advice - UPDA Pumps Domestic Oil and Natural Gas; Investors Gush Over Profits

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    lling is so important, and why UPDA's investors are thrilled about their tremendous return on investment."

    With investor support, UPDA pumps the cru

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    "With the continuing conflicts in the Middle East and the price of crude oil hovering at $60 per barrel, it's never been more important for the U.S. to reduce its reliance on foreign oil," says Kamal Abdullah, CEO of Universal Property Development and Acquisition Company (UPDA.OB). To that end, the Florida-based UPDA (www.updastock.com) is buying and leasing U.S. properties with proven oil reserves, applying state-of-the-art technology, and pumping out sought-after oil and natural gas. "Americans use over 20 million barrels of oil a day, over half of which is imported," says Abdullah. "That's why domestic drilling is so important, and why UPDA's investors are thrilled about their tremendous return on investment."

    With investor support, UPDA pumps the cru

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    duce its reliance on foreign oil," says Kamal Abdullah, CEO of Universal Property Development and Acquisition Company (UPDA.OB). To that end, the Florida-based UPDA (www.updastock.com) is buying and leasing U.S. properties with proven oil reserves, applying state-of-the-art technology, and pumping out sought-after oil and natural gas. "Americans use over 20 million barrels of oil a day, over half of which is imported," says Abdullah. "That's why domestic drilling is so important, and why UPDA's investors are thrilled about their tremendous return on investment."

    With investor support, UPDA pumps the cru

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    based UPDA (www.updastock.com) is buying and leasing U.S. properties with proven oil reserves, applying state-of-the-art technology, and pumping out sought-after oil and natural gas. "Americans use over 20 million barrels of oil a day, over half of which is imported," says Abdullah. "That's why domestic drilling is so important, and why UPDA's investors are thrilled about their tremendous return on investment."

    With investor support, UPDA pumps the cru

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    t-after oil and natural gas. "Americans use over 20 million barrels of oil a day, over half of which is imported," says Abdullah. "That's why domestic drilling is so important, and why UPDA's investors are thrilled about their tremendous return on investment."

    With investor support, UPDA pumps the cru

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    lling is so important, and why UPDA's investors are thrilled about their tremendous return on investment."

    With investor support, UPDA pumps the crude by buying land with proven oil reserves or taking over leases of existing abandoned wells and transforming them into lucrative producing wells. "When oil was at $10 a barrel, mom-and-pop operations couldn't compete with the Saudis, and shut down the wells," says Abdullah. "Now that the prices have skyrocketed, it's advantageous to rework those wells. In fact, it's more economical to rework an existing well than to drill a new well."

    An up and coming company, UPDA has gone from producing a few barrels of oil and a few million cubic feet of natural gas per day to over 350 barrels of oil and over 250 mi

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