UPDA to Perform Work-Over in the Catlin Oil and Gas Field
Thursday, August 10th, 2006 12:20 PM EST Ambient Wells Services, Inc.
Ambient Wells Services, Inc., a Universal Property Development and Acquisition Corporation (OTCBB: UPDA) subsidiary, has enlisted Rockey Well Services and Landmark 4, LLC to perform work-over on its leases in the Catlin Oil and Gas Field in Jacksboro, Texas. Landmark 4, LLC, an independent oil and gas consultant, will assist Ambient in the planning and evaluation of the current work-over project. Rockey Well Services will assist Landmark in the operation of specific equipment on the field as well as other matters related to oil and gas development, operation and drilling.
Ambient, in conjunction with Landmark and Rockey, has been directed to work over all of the 65 Catlin wells and to repair and replace the entire gathering system and pipeline. As a result of this project, production of oil and gas from the Catlin Field is expected to increase dramatically.
About Landmark 4, LLC
Landmark 4, LLC is an independent oil and gas consultant with drilling, production and service operations throughout the United States. Landmark has extensive experience and expertise in the work over of existing production assets and the installation and maintenance of pipelines and wells utilizing the most current technologies and methodologies.
Statements contained in this update 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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