Upland Resources Share Discussion Threads

[zengas] 15/8/2018 12:03

Re COS for Wick - It's not a bad target/COS at all given proximity to Lybster. A bit further out but given there's a discovery on the Tunisian block and now a different era for gas, it could be even better COS than Wick. Sarawak still being the dark horse.

I'm holding Savannah Petroleum as long as UPL which have both been slow burners and Savp just started their exploration campaign beginning of April and they have drilled 4 exploration prospects in a row with a 100% success rate so far. COS was 80% in some targets and drilling for up to 2.8 billion bls risked recoverable though this sweet spot they reckoned over 90% for exploration.

If anyone is running a group of Oil/Gas stocks rather than just 1-2 holdings, another very good opportunity with significant production/reserves just listed a week ago is Jadestone Energy and worth keeping a very close eye on. Capable and highly respected CEO took 2 Talisman divisions in his career and replicated multi billion valuations on both. Back into Talisman asset territory now with JSE and with a lot of ex Talisman people. Received OBE for services to Oil/Gas industry from the Queen. Institutions hold circa 66% of stock above the 3% level and just got an oversubscribed $110m placing away at 35p.

[cashandcard] 15/8/2018 11:04

I think its a huge thumbs up from SS re Wick, but its an exploration target thus we cannot conclude its a success until the drillbit confirms it as such. At almost approx. 40% CoS, it is better than your average exploration target.


Cash

[stark industries] 15/8/2018 10:56

Doughty agree it's all out there for any potential investor to join the dots :)What's not to like ?All to play for at such a ludricus low ball Mcap Not long to go as the month of August is generally quiet.Wait until Sept kicks in and this will all change GL

[doughty] 15/8/2018 10:39

Divmad.......although to listen to Dr.s Wick IS a done deal...he talks of success at Wick in the past tense...he avoids a % CoS but rates the CoS as "good...very good...relative to the reward thats on offer...otherwise we wouldn't be there"



...read into that what you will...you pays your money and you takes your chance.

[dandadandan] 15/8/2018 10:22

WICK Seismics must be very good.. Not long to wait then Tunisia - Gas UP....

(Do not forget Batman is on the case with his 'bat seismics' as well). :)


Come on Malcy spread the news...
Even Oil industry experts that I have spoken to, seem to like the UPL 'script and caste'.

All you need is patience which provides PROFIT.....

GLA.

[doughty] 14/8/2018 20:08

Divmad...meant done deal as in it is happening...rig sign off imminent...drill bit will be turning soon...NOT a done deal on result...THAT beyond my control...I am happy that we are just having a crack at it v soon ?

[divmad] 14/8/2018 19:50

doughty, what do you mean, Wick is a done deal? Ok, they are contracted to drill it, but the rather more important question is, will it flow commercially? What's the COS again? Done deal? Ask Mr Market the day after the rns comes out with equivocation, IF this is the case.

[michaelwhight] 14/8/2018 16:21

Let's hope so but fundamentally this is a political issue and not a business one. I think we may get encouraging news along the way but the only urgency will occur if money stops flowing. Just my gut feeling and I hope I'm proved wrong.

[tyler90] 14/8/2018 15:29

Both Petros & Petronas cannot afford to let it drag on indefinitely. The fact they are talking to each other means they are willing to sort it out ASAP.I think they will get it sorted much quicker than people are anticipating.AIMHOhTTp://www.theborneopost.com/2018/08/14/every-sarawakian-needs-to-be-concerned-about-og-issue/

[doughty] 14/8/2018 10:22

Outside chance that Malcy might mention UPL in his interview with IG ?

[cashandcard] 14/8/2018 09:59

michaelwight,


Agree, soon as you move away from Europe/ North-America, risk levels & bureaucracy increase significantly. The fact is, UPL have 3-4 projects of which one is about to go into a period of field activity and we should receive a bit more detail on the second. Sarawak is wip and will take time to come through.



Cash

[doughty] 14/8/2018 09:57

...we have plenty in our pipe to smoke !

...Sarawak can wait...if it's the right outcome !

...and lets not forget "left field" news from Morocco can land at any minute !

I am totally happy to watch and wait for this to play out over the next few months

[michaelwhight] 14/8/2018 09:43

Not knocking the potential at all but I think Sarawak will be further down the line. Devolution has to be relatively slow and progressive. Looking forward to some news on Wick and agree Tunisia could be huge. GLA.

[doughty] 14/8/2018 09:33

Wick is a done deal

Tunisia is a done deal

The Sarawak skeleton lacks flesh and is very blurry at the moment. But if you listen to the rhetoric from Dr.S it is all very positive. There clearly is an impasse in Sarawak at the moment with no clear mechanism in place for awarding the new licences following the ripping up of the old rule book...the new rule book is not quite in place yet. The impasse cannot last forever...am sure that patience will be rewarded...we are the kid in the locked sweet shop...right time....right place.

And Dr.S was upbeat on Hardstoft too in last vox-cast..."we HAVE four things"...HAVE+FOUR...all in the affirmative !

[michaelwhight] 14/8/2018 09:13

It does seem that the Sarawak situation is not something that will be resolved anytime soon though.

[hulltiger] 14/8/2018 09:06

Very good article posted over on LSE by Copperpot.

[hulltiger] 14/8/2018 08:40

Good morning all, as Dan says, it is time for the PR to get to work and put this little beauty on the radar. I have not caught up with all that has been said, during my long weekends RR but was there any news/feedback from the meeting with the guy from VOX?

[dandadandan] 14/8/2018 08:12

What a recommendation. Even Bruce Wayne is now investing.
He must be using his 'Bat Seismics' and knows a good thing is coming.
Didn't his butler also have 'canny' Scottish family links?

Come on UPL, where are your publicity gurus.

It must be all about to happen at WICK.

Keeping an eye open for 'tweety news leaks' next...


GLA.

[batmanautoresponse] 13/8/2018 22:39

Batman Auto Transponder (B.A.T) confirms Batman is such a keen buyer of UPL at these unreal giveaway prices he feels like he’s Robin.

#IdentityCrisis

But. Please, citizens, get your text representation of my Batman signature audio tune correct! How? Always remember I’m hungry!

“”#¥. This message is an auto response message prompted from word(s) analysis detected and related to the phrase ‘Batman’. Data supplied by the Batman Analysis Transponder. (B.A.T)...

Correct phonetic signature audio to be used in relation to ‘Batman’ follows...

Dinner Dinner Dinner Dinner Dinner Dinner...Batman

message ends “”#¥

[dandadandan] 13/8/2018 21:44

I am obviously not reading from the same music sheet...... :)

But I enjoyed Alan Partridge........

[walter walcarpets] 13/8/2018 21:25

DanDanDan at 1.11 - sorry, couldn't resist

[spangle93] 13/8/2018 21:08

Dan! Da! Da! Dan! Dan!, Dan! Dan! Dan! Dan! Da! Da! Dan! Dan!

Would be James Bond?
[It must be August]

[michaelwhight] 13/8/2018 19:11

In that case you've missed out a Dan!

[dandadandan] 13/8/2018 18:23

Dan! Da! Dan! Dan! It's the mystery to be solved music.

Didn't Batman and Robin writers also use it, at times . Just like the words Blap! Zoink! etc, when something had happened .... :)

Getting ready and just sitting tight.

GLA.

[walter walcarpets] 13/8/2018 08:04

Dan: you missed out an n - Alan