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Wiki Articles - UPDA Pumps Domestic Oil and Natural Gas; Investors Gush Over Profits
"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
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
the U.S. to reduce its reliance on foreign oil," says Kamal Abdullah, CEO of Universal Property Development and Acquisition Company (UPDA.
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
OB). To that end, the Florida-based UPDA (www.updastock.com) is buying and leasing U.S. properties with proven oil reserves, applying state
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
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
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
which is imported," says Abdullah. "That's why domestic drilling is so important, and why UPDA's investors are thrilled about their tremend
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ous return on investment."
With investor support, UPDA pumps the crude by buying land with proven oil reserves or taking over leases of ex
With investor support, UPDA pumps the crude by buying land with proven oil reserves or taking over leases of ex
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
sting abandoned wells and transforming them into lucrative producing wells. "When oil was at $10 a barrel, mom-and-pop operations couldn't
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
compete with the Saudis, and shut down the wells," says Abdullah. "Now that the prices have skyrocketed, it's advantageous to rework those
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
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 pr
An up and coming company, UPDA has gone from pr
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
ducing 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 million cubic feet
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
of natural gas each day. "Within the next two months, we expect to pump over 1,000 barrels of oil and 500 million cubic feet of natural gas
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
daily," says Abdullah.
That prospect, as well as the strategic partnerships UPDA has developed, has investors pumped. "UPDA's strong valu
That prospect, as well as the strategic partnerships UPDA has developed, has investors pumped. "UPDA's strong valu
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
tion, its seasoned scientists and technicians, and keen acquisition experts all point to a sound investment for penny stock investors," say
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
s UPDA's Investor Relations Manager Jack Baker.
UPDA's projects include Canyon Creek Oil and Gas, Catlin Oil and Gas, and West Oil and Gas
UPDA's projects include Canyon Creek Oil and Gas, Catlin Oil and Gas, and West Oil and Gas
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
. "Canyon Creek started with over 60 wells located on more than 2,000 acres in the Fort Worth basin," notes Abdullah. "Since then, we've ac
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
uired additional properties that have increased Canyon Creek's reserves from $35 million to close to $200 million." Catlin Oil and Gas has
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
more than 60 wells on over 2,700 acres in Jack County, Texas, while West Oil and Gas is in the process of acquiring properties in Utah.
Wh
Wh
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ile UPDA won't eradicate U.S. dependence on foreign oil, their increasing production is a step in the right direction. "With approval for d
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
illing in the Arctic National Wildlife Refuge unlikely, and the crumbling of Alaska's Prudhoe Bay pipeline infrastructure, it's up to indep
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
endent producers like us to do our part," concludes Abdullah. In the process, both U.S. consumers and UPDA investors will reap the benefits
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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