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Old 07-23-2008, 11:07 PM
Napoli Napoli is offline
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Join Date: Jan 2008
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Default Otcbb UPDV Thread

Heartland Completes and Successfully Pressure Tests 4 Mile Pipeline - Installation of Flow Lines to Commence for Connection of 12 Wells Expected to Double Coalbed Methane Production
Heartland Oil and Gas Corp. (OTCBB: HTOG) (FWB: HOCA) has successfully conducted pressure testing on its new 4 mile pipeline in Kansas, signaling the completion of that pipeline. Work was then immediately commenced to install the flow lines to each of the 12 new wells to be connected in order to begin the sale of the coalbed methane being generated by those wells.
With this successful testing and anticipated connection of 12 wells, Heartland expects to double the coalbed methane production from this field in Southeast Kansas. In addition, vast additional acreage will be open for further development and drilling along the 4 miles to be accessed by the pipeline.
“We put the necessary pressure into the pipeline and found no leaks along its entire length,” reports Augie Soto, COO of Aztec Well Services, Heartland’s prime contractor on the work. “The four road crossings and 2 creek crossings were our greatest concern and they held without any problems. The 8 inch main is tied into the 12 inch main and the pipeline is secure all the way to the sales meter. We will begin installation of the 4 inch flow lines without delay and have scheduled the contractor to fracture the wells so they are ready for production as soon as we can connect them.”
About Heartland Oil and Gas Corp.
In April 2007, Universal Property Development and Acquisition Corporation (OTCBB: UPDV) (Universal Property Development and Acquisition Corporation) acquired a controlling interest in Heartland Oil and Gas Corp. and designated Heartland as its exploration and production arm. Since that time, UPDA has also established Aztec Well Services, Inc. (Aztec Well Services, Inc.) as its wholly owned field services subsidiary. For further information, visit Heartland Oil and Gas Corp..
Heartland Oil & Gas Corp. (OTCBB: HTOG) recently received a reiterated “Speculative Buy” from Beacon Equity Research Analyst Victor Sula, Ph.D. The full report is available at Beacon Equity Research - Home.
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.



Universal Property Development and Acquisition Corporation (UPDA/UPDV) is engaged in the oil and acquisition, exploration, production, development, storage and distribution industry. It has operations in the States of Texas and Kansas. The Company operates in two segments: the petroleum products storage, resale and transportation segment, and the property acquisition, development and production segment. Continental Fuels, Inc. (Continental) conducts the Company's operations in its petroleum products storage resale and transportation segment. Heartland Oil and Gas Corp. (Heartland) conducts operations in the Company's oil and gas property acquisition, development and production segment. The oil and gas properties acquisition, development and production segment is focused primarily on the development of oil and gas leases on properties located in the States of Kansas and Texas and the production of coal bed methane, natural gas and oil on those properties.
Segments
During 2008, the Company has restructured its operations into the following two segments:
a)
Petroleum products storage, resale and transportation segment
The Company’s petroleum products storage, resale and transportation operations are carried out by Continental Fuels, which owns and operates port facilities, and the storage, distribution and transportation businesses. Continental Fuels is focused on increasing petroleum products, and securing new supply contracts, and customer relationships.

b)
Oil and gas property acquisition, development and production segment
The five remaining subsidiaries comprise the oil and gas properties acquisition, development and production segment. Heartland owns and operates oil and gas properties in north Texas, southeast Kans as (the Cherokee Basin) and northwest Kansas (the Forest City Basin).
Aztec Well Service Inc. carries out Heartland’s drilling and workover programs and also provides drilling services to other exploration and production companies.
Canyon Creek and Catlin Oil & Gas identify and acquire promising oil and gas properties, low-risk drilling prospects and prospects in need of state-of-the-art to make them viable.

http://www.knobias.com/research.pdf?id=13445
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