||ORD NPV (DI)
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|Oil & Gas Producers
Upland Resource Share Discussion Threads
Showing 201 to 224 of 225 messages
|What it throws off could self fund increasing that initial 50 bopd to beyond 100 bopd at Wressle.
Then with the Hardstoft field 2C oil to develop, they could bring on a few hundred bls there via the 2 wells that are to be drilled at a net cost of around $750k each to UPL.
They are burning very little cash - just £420k for the year to end of June 2016.
Cash burn/admin is estimated at £300k per year.
At the end of June (5 months ago) they had £1.039m cash remaining and if they have used say £239k since then, they would still have cash of £800k.
They are raising £2.2m - about £2m net of expenses at a 30% premium to the first placing despite no movement beyond the 1st asset acquired.
This new acquisition is costing £1.6m and they are paying for it with £1.3m in cash and £300k in shares at 1.3p.
That will leave them with £700k cash from the placing and imo from the recent accounts a further £800k - so in total they should be sitting on £1.5m of cash.
Existing shares = 213.98m. £2.2m placing shares = 169.230m. Consideration shares instead of £300k cash payment = 23.076m.
Total shares in issue post placing = 406.245m @ 1.3p = £5.2m m/cap with £1.5m cash.
Reserves and near term production and therefore possibly self funding as they build production to a higher level across both the UK assets.|
|The figures above represent merely turnover from the oil and not the net profit attributable to UPL.|
|Presumably there will be a lifting cost and overheads to pay though?|
|There is movement billy but sadly in the wrong direction. Despite substantial buying, the market appears to be moving the price down towards the forthcoming placement price of 1.3p, suggesting it places no premium on the value of this announcement.
That's a little surprising, as anyone basing their decisions on "follow the directors" will see that the BOD considers this to be a golden opportunity to top up.
I guess the market was hoping for something more spectacular in time for Christmas - whereas this is merely in line with the solid but low-key strategy the company is following.|
|Huge trades, why no movement!? :-/|
|a flood of big trades going thru since 1pm
the biggest a buy of over 9Mill...|
|Directors in for £842k which is almost 40% of the placing. Malaysian Chairman who already holds just shy of 29% has taken the bulk of that 40% with a £737,000 purchase.
Will give them an initial anticipated 50 bopd here and before their other low risk asset start up at Hardstoft.
Morocco, Malaysia potential assets being evaluated and I think this is why the Malaysian Chairman is taking/maintaining such a big stake.|
|news just out|
|Let's just say enough to be a NED!|
|KemcheHow many u got|
|Had my last lot of these and am up to the gunwales!|
|News soon (from todays RNS)...
CEO: "I look forward to updating the market with further developments in the near future."|
|A month ago their proposed new interest in Hardstoft was increasing by 50% from 16.67% to 25%.
On the 80% chance of success re the 2C at Hardstoft and 64% COS on the East prospect the broker valuation was 1.24/1.51/1.79 pence per share at $50/$55/$60/ barrel.
With the 50% increase in stake - the broker target will increase to 1.86/2.26/2.68p per share.
There's also over 9 times upside from the additional 3C oil potential.
CEO mentioned "near future" for a further asset. UK/Morocco/Malaysia.
Main market listing.
CEO 7.6%, Chairman 29.4%, NED 1.41% + 1 key Malaysian shareholder 10.54% = total 49% holdings.
Circa £1m cash. M/cap £3.4m @ 1.6p.|
|looks like a breakout tomorrow...my prediction 2p on the offer!|
|hmmm, premium paid, that 800k buy at 1.68 went thru over the stated offer of 1.65|
|1.68p paid for 800k. Cheap shares gone?|
|The 12-month chart is very attractive, trending consistently from bottom left to top right over the period with almost no news.|
|Late tick up
|Thanks for the link..
|Just bought 1 million shares (1.5p) at the close after listening again to Podcast|
|"we intend to make our shareholders wealthy"|
|Definitely worth listening to that link|
|New interview from Staley, sounds like a few things going on:https://audioboom.com/posts/5217448-623-upland-resources-nicola-duke-and-simon-french|
|Stops being taken out? News on the way?|