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
  +0.04p +3.05% 1.35p 1.30p 1.40p 1.35p 1.31p 1.31p 421,629 09:29:33
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.8 -0.2 - 5.17

Upland Resource Share Discussion Threads

Showing 726 to 748 of 750 messages
Chat Pages: 30  29  28  27  26  25  24  23  22  21  20  19  Older
DateSubjectAuthorDiscuss
19/1/2018
11:53
The accounts show they had £2.25m at the end of June 2017 with £91k liabilities due. Plus £160k due back from the Wressle termination. So about £2.43m less another 7 months running costs plus the costs of evaluating any projects so possibly around £2m now I would say. The net cost of drilling the Wick well by the end of the year to a dry hole hole status is £2.3m. I doubt they'll need the capital for that yet and more likely to have a possible new asset first. I don't know what is happening with Hardstoft but one well was previously pencilled in for 2018 and a second in 2019 at a cost of $500k net each with possibly the 2nd one being self financing - but again with all the planning issues over Wressle I'm not sure how this reflects on moving Hardstoft forward. On Hardstoft, Optiva had a price target of 2.3p on 0.8 mmbls based on the original share issue prior to the the placing at the time of Wressle. This would obviously fall to 1.3p based on the last placing where there's now 383m shares in issue. There is a further 9 times potential upside on the possible oil to over 7 mmbo net against the 0.8 mmbls used on the share price target but unfortunately no news so far with what the plans are for that project.
zengas
18/1/2018
13:23
Yep indeed got my eye on that too!
maverick247
18/1/2018
12:23
Indeed maverick but I think Wick will just be the start. If Steve & co can land the elusive Malaysian and or Moroccan assets they are chasing then this may rerate significantly.
soulsauce
18/1/2018
11:27
Thanks soulsace wanted wressle out the way main interest is i wanted to be positioned for wick given 250mmbbl prospect and UPL 40% interest so in before the pre drill riseHowever with wressle commitments shot of believe they can execute an interim deal now hopefully Cheers
maverick247
18/1/2018
11:07
Distraction well shot of. Onto new ventures.
kemche
18/1/2018
11:00
Welcome maverick. Strange comment from EOG, me thinks they would very much like to be considered part of whatever else Steve S is bringing in here ;-)
soulsauce
18/1/2018
10:43
Bought is 180k and a 250kyet to show bloody hard to buy
maverick247
18/1/2018
09:20
Yes well happy with today's news, onwards with the other projects.
soulsauce
18/1/2018
09:15
Yes still in TXP Brasso along with Zen, AAOG, and Eme for the China psc hopefully this year. I had over 5.5m Eme earlier in the year and sold 4.5m of them. They didn't get all their funding (c.50%) away at 3.5p and wished I had taken a lot more on the back of the existing Duyung discovery that I had a 17p target for. Was going to get back into PPC but opted for i3e energy for about 2% of the Co but a very small f/float anyway. Kept nibbling here when they drop below the 1.3 level given the huge skin in the game that the directors have here as at i3e and possible share price appreciation maybe on the scale of eme when the press/tip columns get round to seeing what they have. Main holding is Savp and holding both these for near 3 and 2 years now. Had a stab at MYT indian power generation earlier in the year and with their possible indian listing and rumours about coming off the uk market I got shot of about 90%. Sold out of Trin entirely and just happy with one Trinidad e&p co for now.
zengas
18/1/2018
08:15
Some nice buying, people like this news and I'm not surprised
billyboychrisd
18/1/2018
08:09
Hi Zengas Are you still in TXP?
brasso3
18/1/2018
08:07
Yes indeedy, very happy to see this news. Crack on with more active projects now.
billyboychrisd
18/1/2018
08:06
This will free up the circa £1.3m that has dragged on for so long with Wressle. Circa 30 mmbo net recoverable Wick prospect later this year. Ongoing discussions for other projects. I wonder what the current position on Hardstoft is? "The Company maintains a good relationship with Upland, with whom it is a partner on PEDL299 in the East Midlands which contains the Hardstoft oil field. As a result, management would have no hesitation in cooperating with Upland in future new venture opportunities."
zengas
18/1/2018
07:56
Concise and transparent announcement today. No more Wressling with this one, move on.
yogaboy
10/1/2018
07:48
Excellent disclosure re auditors Firstly an RNS and secondly a clear explanation of the reasons
cinques
06/1/2018
21:01
This is quite frankly an utter shambles. What sense is there in granting companies planning permissions to explore for oil to then go and deny them the ability to develop/produce it?Cash
cashandcard
05/1/2018
14:49
I hope they get shot of this distraction for once and for all: " Upland Resources and Europa Oil and Gas have agreed to extend the 'long-stop' date for satisfaction of the conditions to completion of the agreement to 28th February 2018. One of the outstanding conditions to completion is the award of relevant planning permissions to the Wressle development. If these conditions are not satisfied before that date, Upland UK is under no obligation to complete the farm-ins or make payment for the 10% interests in PEDLs 180 and 182. In the event of rejection of any of the planning appeals, Upland UK may terminate the Wressle Farm-in Agreement at any time following the result of the appeals being known, without having to wait until 28th February 2018. Its GBP160,000 deposit will then be returned to Upland UK and Upland UK will have no further payment obligations under the Wressle Farm-in Agreement."
kemche
05/1/2018
09:43
The whole Wressle fiasco has done nothing but hold the share price back, let's hope the board agree to finally get this monkey off the company's back so things can move forward. The share price is holding up and now have nothing but good positive news ahead of us which should only mean one thing for the share price. Uplands and onwards!
sull75
05/1/2018
09:35
Yes yogaboy. I can understand the furore against fracking but a producing conventional well like this one when there has already been so many in Lincolnshire is ridiculous IMO and does not bode well for other companies wanting to drill onshore which means the govt need to get a grip of it. But I think we need to move on as it is more of a distraction than it is worth.
soulsauce
05/1/2018
09:27
It's a right pain eh soulsauce? On the other hand, sufficient doubt appears to have been priced in already, so only minimal hit to the share price As you say, time to focus all management's attention elsewhere.
yogaboy
05/1/2018
09:23
Wressle planning permission turned down for the third time, NIMBYism alive and well in Lincolnshire, ludicrous. Should be kicked in to the long grass now to concentrate on Wick and, hopefully, other projects in Indonesia and Nth Africa.
soulsauce
24/12/2017
15:11
It all hinges on how they finance their 40% interest. . A huge undertaking in relation to the current MC.
divmad
24/12/2017
14:36
Merry Christmas to all UPL holders, here's to a prosperous New Year for us all!
sull75
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