Share Name Share Symbol Market Type Share ISIN Share Description
Upland Resource LSE:UPL London Ordinary Share VGG7552A1075 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.325p 1.30p 1.35p 1.325p 1.325p 1.325p 2,855,863.00 07:31:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.2 0.0 - 5.08

Upland Resource Share Discussion Threads

Showing 201 to 224 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
25/11/2016
15:13
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.
zengas
25/11/2016
14:41
The figures above represent merely turnover from the oil and not the net profit attributable to UPL.
kemche
25/11/2016
14:37
Presumably there will be a lifting cost and overheads to pay though?
on target
25/11/2016
12:59
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.
yogaboy
24/11/2016
14:20
Huge trades, why no movement!? :-/
billyboychrisd
24/11/2016
13:56
a flood of big trades going thru since 1pm the biggest a buy of over 9Mill...
argyle underclap
24/11/2016
13:51
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.
zengas
24/11/2016
13:10
news just out
rolo7
14/11/2016
18:59
Let's just say enough to be a NED!
kemche
14/11/2016
18:36
KemcheHow many u got
thejaba
14/11/2016
16:07
Had my last lot of these and am up to the gunwales!
kemche
14/11/2016
12:02
News soon (from todays RNS)... CEO: "I look forward to updating the market with further developments in the near future."
argyle underclap
03/11/2016
21:10
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.
zengas
03/11/2016
19:13
looks like a breakout tomorrow...my prediction 2p on the offer!
thejaba
03/11/2016
17:47
hmmm, premium paid, that 800k buy at 1.68 went thru over the stated offer of 1.65
argyle underclap
03/11/2016
17:34
1.68p paid for 800k. Cheap shares gone?
kemche
03/11/2016
16:46
The 12-month chart is very attractive, trending consistently from bottom left to top right over the period with almost no news.
yogaboy
03/11/2016
16:42
Late tick up Interesting chart
argyle underclap
02/11/2016
11:13
Thanks for the link.. saffy..
safman
31/10/2016
17:09
Just bought 1 million shares (1.5p) at the close after listening again to Podcast
adorling
31/10/2016
11:05
"we intend to make our shareholders wealthy"
thejaba
30/10/2016
20:42
Definitely worth listening to that link
thejaba
29/10/2016
06:41
New interview from Staley, sounds like a few things going on:https://audioboom.com/posts/5217448-623-upland-resources-nicola-duke-and-simon-french
snickerdog
21/10/2016
14:11
Stops being taken out? News on the way?
kirkuk
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P:31 V: D:20161208 21:58:21