Upland Resources Share Discussion Threads

[tyler90] 06/10/2017 16:13

Are these the impatient ones selling or those in the know?

[tyler90] 04/10/2017 15:28

I was thinking rollover but the price and time difference make that seem unlikely.

[tyler90] 04/10/2017 15:27

I was thinking rollover but the price and time difference make that seem unlikely.

[billyboychrisd] 04/10/2017 15:24

Somebody changed their mind on the 90k!!!

[billyboychrisd] 03/10/2017 20:34

Don't be surprised if it's the only decent buy for the week! Looking at the long term graph, UPL continues to build higher lows, awaiting that deal that's been hinted at for a while. I have faith (and a lot of money!) in this :-)

[brasso3] 03/10/2017 20:03

Looks like my 411k buy was the only decent sized trade today.

[tyler90] 03/10/2017 14:10

Meanwhile ???

[soulsauce] 03/10/2017 09:31

Welcome Brasso. Come to join the long wait, hopefully won't be too much longer :-/

[brasso3] 03/10/2017 08:23

Joined the party at 1.33p

[zengas] 27/9/2017 20:48

No not back in Brasso but have been keeping an eye on it and do think PL will turn things around with the acquisition strategy.

If you are looking at possible value keep an eye on TXP at £8.9m m/cap, 15.68 mmbo P2 & 1500 bopd and ongoing drilling. Surprised it hasn't got more attention.

Thread

[brasso3] 27/9/2017 19:57

Zengas

Thanks for your view. I will do some more research.

O/T Are you still in PPC?

[thejaba] 27/9/2017 15:06

good post Zengas. I think the mgmt. will make a good deal here and potentially this could be a real good stock to be in.

[tyler90] 27/9/2017 13:51

Those large million trades are buys :-)

[tyler90] 27/9/2017 00:40

Brasso3, if the deal is a good one, for example, in the Sarawak region (see link) then the chances of success are that much greater.https://www.oxfordbusinessgroup.com/analysis/unexplored-areas-sarawak-may-hold-vast-potential-energy

[soulsauce] 26/9/2017 22:45

Great post Zengas

[zengas] 26/9/2017 22:39

Brasso look what EME got in Indonesia in April.

10 per cent interest acquired for US$2 million on an existing untested offshore gas discovery. Drilled in June/July and tested gas.

Then acquired initial 25% & 10% interests in 2 farm in wells in California for approx the same.

220m shares in issue in March and at 2.5p low = m/cap of £5.5m.

Currently 398m shares in issue and presently 18p or £72m m/cap (Touched 31p in the last few weeks). I took up my full entitlement in the £1.2m fundraising in May and got significant excess and only 46% of the shares were actually taken up. No one would hardly say a good word about it 4 months ago and said it would be a penny before they would achieve their 3.5p placing and they thought they were justified when the company failed to get the full £1.2m offer away.

Worth checking the extensive director, chairman and non exec and 1 other shareholding out in UPL. I don't see them as being here for the current assets on the books. If they get the right kind of deal/asset it could be transformational and I've been sitting patiently here since ipo and adding along the way.

[brasso3] 26/9/2017 21:26

I like your thinking Tyler but what will drive the price higher? UPL do not have any significant assets at present.

[tyler90] 26/9/2017 21:21

Yes, but ideally it will be much higher than it is presently before a call to the market is made.

[brasso3] 26/9/2017 21:19

I would say 19 out 20 placings are done below the current share price.

[tyler90] 26/9/2017 21:15

You would have thought the placing would occur at a much higher price, hence raising more. What do others think?

[brasso3] 26/9/2017 21:09

There are currently 400m shares in issue.

If they issued 100m shares (25% dilution) at the current price (1.3p) then that would raise £1.3m. I cannot see that getting them very far. Struggling to understand the strategy and how it would work.

[euclid5] 26/9/2017 21:00

Interview mentioned they may have to raise depending on deals they secure overseas

[brasso3] 26/9/2017 20:55

Soulsauce

I am new to UPL so just digging around. How do you see UPL financing any farm-ins for Moroccan and Malaysian assets? What does UPL bring to the table for such assets?

[soulsauce] 26/9/2017 20:50

It's all about the projects they add possibly in Morocco and or Malaysia. Wressle is just a sideshow imo.

[brasso3] 26/9/2017 20:06

Interested to hear peoples thoughts on why they prefer UPL over EOG?

EOG seems like a much lower risk investment out of the two whilst UPL may have potential for a large short term percentage gain.