Upland Resources Share Discussion Threads

[soulsauce] 08/7/2017 09:16

Sdx currently produces gas at $1 and sells it for $9 to the domestic market that is gas hungry.

It's a very good country to do business and probably the safest in north africa in a very unsafe world.

[bumpa33] 08/7/2017 09:02

Re: Morocco, yes it's gas assets/acreage they're looking at there though I'm in the dark on exactly where/what on that one.

[soulsauce] 07/7/2017 18:15

Thanks bumpa. I have an interest in Morocco through Sdx and gas is well sought after and very lucrative on the domestic market.

Looking forward to the coming weeks.

[thejaba] 07/7/2017 17:50

BumpaCracking work. Buys today looks to me like the NEDs and chairman may be hoovering stock again

[bumpa33] 07/7/2017 13:34

Thanks soulsauce, I'm pretty confident it's something in the Baram Basin or Balingian we're going for - I have a family member who is well connected in Malaysian business circles - which is why I'm interested in this in the first place. I don't know whether we'll hear from there or Morocco first though...

[soulsauce] 07/7/2017 13:28

Excellent work Bumpa.

Yes bullyboy lets hope it is the fore runner to some good news.

[billyboychrisd] 07/7/2017 13:13

Some delicious buys, think we're heading in the right direction again.

[bumpa33] 07/7/2017 09:26

Considering Opengs stated policy on involvement in/development of Sarawak upstream oil and gas I suspect we must be looking at a JV with a local indigenous oil co rather than outright development licenses...


Edit: as i understand it, Morocco is still very much in play too.

[bumpa33] 06/7/2017 18:58

Google "Baram Basin Sarawak" largely offshore but also onshore covering much of Brunei and with one corner onshore Sarawak.

[bumpa33] 06/7/2017 17:54

Interesting, from the March interims statement, I'd missed this...


"In July 2016, we were very pleased to welcome Bolhassan Di to the Board as a non-executive director. Bolhassan brings a wide range of experience, contacts and knowledge to the Company, having served in senior technical and management roles in Shell around the world. He has also served in a number of high-profile roles in Malaysia: as a member of the Sarawak State Legislative Assembly, as a Sarawak Assistant Minister and as Chairman of the Miri Port Authority."


Miri - again.

[bumpa33] 04/7/2017 09:08

I've maybe discounted shallow water plays.

[bumpa33] 04/7/2017 08:38

hoping it will be Sarawak we hear on soon, I believe it's the most advanced of options, if indeed the "others" aren't just red herrings. I'd hazard a guess we're looking onshore only, hence the region could be Miri up in the north near the border with Brunei. All just educated guesswork, could be anywhere of course.

[soulsauce] 04/7/2017 08:06

Just took a small stake now Wressle is out of the way (for the time being) and looking forward to the following:-

"Upland has been progressing a number of opportunities, both in the UK and overseas, and is pleased to report that good progress has been made. I look forward to updating shareholders in the near future."

[yogaboy] 03/7/2017 16:17

Yep that was nice tacked on the end!

[someuwin] 03/7/2017 16:15

"...Upland has been progressing a number of opportunities, both in the UK and overseas, and is pleased to report that good progress has been made. I look forward to updating shareholders in the near future."

[yogaboy] 03/7/2017 15:57

Appeal process trundles on...

[bumpa33] 03/7/2017 15:52

"Near" future....

[bumpa33] 03/7/2017 15:33

Good, quite happy it's been declined, let a few sell out on that and a chance to get a few more lower down...

[thejaba] 03/7/2017 15:32

not sure wressle really matters as UPL have NO liability of any costs if rejected, they walk away.

Main thing is Malaysian assets not UK onshore.

[letmepass] 03/7/2017 15:27

Planning permission rejected for Wressle

[bumpa33] 03/7/2017 11:17

If we're going onshore, then the region of Miri looks to be favourite....

[yogaboy] 03/7/2017 10:11

It's no slam dunk this afternoon, as the planning department recommended approval last time too. However, I believe the previous decision was announced by RNS same day, so we'll know by close of play today.

[kemche] 03/7/2017 08:47

bumpa - agreed. Sarawak is the prize but Wrestle would be nice to have. If it fails do remember that it is a conditional purchase so does not impinge on the BS.

[bumpa33] 03/7/2017 08:43

Well, today's the day on Wressle, be interesting to see how it goes either way. But it's Sarawak I'm waiting for.