Upland Resources Share Discussion Threads

[throwingmuses] 01/1/2019 18:13

Thanks aviator, hope you're not busy tomorrow night!

[theaviator] 01/1/2019 17:58

I promised I'd do a map for you ladies and gentlemen. Some of you who know me know I use a v old fashioned algo system that works to get direct hits to the decimal unlike most charting. We've had a close above 3.46 which should see the 3.80 get hit. The close over the 3.30 saw that 3.62 to the decimal. Thats how it works. V accurate.Once we close over the 3.80 I will reveal the extended and remap.These lines are where the algos hang out.https://imgur.com/a/73y7IBL

[throwingmuses] 01/1/2019 17:21

From the Twitter group, sorry

[trulyscrumptious] 01/1/2019 17:08

Simon Spear?

[hulltiger] 01/1/2019 17:08

Just shows how the Doc is working if you read the last RN from PRD he has this covered.

[throwingmuses] 01/1/2019 16:47

Courtesy of Simon Spear....

Again this is for a producing field but it is at European prices. Shell recently sold their 45% stake in Corrib (offshore Ireland) for $1.4billion. Field reserves approx 1TCF, so the share they sold was approx 450BCF. The field development cost for Corrib was about $500m. Saouaf is onshore and close to existing infrastructure - it will be no where near that amount, not even close. Guys I don’t know how much it’s worth right now, in this market and at this stage of exploration, but as a developed and producing field it’s worth billions. Just sit tight, derisk at sensible times if you want or need to and enjoy the ride!! I’m certainly glad this is my largest holding that’s for sure!!

[nlmbidc] 01/1/2019 13:42

You're right about Steve's bulishness in the interview. Very upbeat for this one.

[throwingmuses] 01/1/2019 13:13

Yes very bullish last interview, very large volumes of hydrocarbons in Sarawak, nice to hear Steve say it. Becoming all the more apparent this is the skeleton of a large company, with a small company mcap. Well managed and with a highly respected and successful man and team at the helm, all the more likely to attract a major into Tunisia I think. The numbers themselves could well do that, esp if they have a glance at the upper case figures, and take on board that there's still much more to survey, but Steve himself I think is a trump card, he can make money for a major just as he can for his investors and himself. Experience, ability and integrity, powerful combination! Let's hope he's right about Wick too, wouldn't surprise me at all! Yeah malcy could bring in some fresh investors im sure, the more people who look at this, the quicker it'll push up. Tunisia news itself will bring in new blood too. All circumstantial, but Petronas are very very cash rich at the moment, we know they recently moved in close by in NA, and we know we're already in discussions with them over Sarawak. It's the sort of situation where they know the calibre of our CEO already, and maybe they'll want to back him just like we have. Whatever happens, it's happy days here, and a happy new year for sure!

[actybod] 01/1/2019 13:13

Just a small position here from low 3s but will be building up. Happy to be on board. Sounds very promising and definitely within my risk/reward tolerance.

[poppet123] 01/1/2019 13:11

Good morning Tiger, I wish you and your family a happy and healthy new year.
I think we all could be sitting on good value here,let’s hope we all enjoy a good 2019.

[hulltiger] 01/1/2019 12:27

Good morning Shares you are getting excited and why not. I am not looking any further than this and PRD for my daily bread this year.

[nlmbidc] 01/1/2019 12:22

Nicely put Shares188.

And Sarawak news could land anytime and double everything you"ve listed above.

[shares188] 01/1/2019 11:44

BIG NUMBERS .
13 structures
380 MB of oil Equivalent
Wick in progress
227 Billion cubic feet of Gas
Government approval with Saouaf permit.
Black watch doing a great job
Estimations going up each time
1.961 Trillion Cubic feet of recoverable Gas.
A lot for the Markets to digest in the last day.
Don't forget some of these structures have
already been drilled and are derisked.
Wick could have a potential of 250MBO..
It's all happening now I expect a rerate.

[moormoney] 01/1/2019 11:22

Brilliant Happy 2019!

[soulsauce] 01/1/2019 02:09

Me too tyler as it sounds as though they have already done a lot of ground work and I suspect may be have a farminee in mind.

[tyler90] 31/12/2018 22:32

Reckon drilling could be much earlier than that

[shares188] 31/12/2018 21:21

Looks like those brokers notes will be
a good comparison now.

[trulyscrumptious] 31/12/2018 21:07

We will have an update from Malcy that should emphasise the positives. The CEO has a pretty big personal stake in this so I will take the gamble and stick with it for the long term now.
I have a few RBD but they have 3,821m shares in issue compared to 592m here. With a market cap of only 21m this will go into orbit if Dr Staley and the board pull just one of these rabbits out of the hat. Yet, there is entire warren of them!!!
2018 has been a sour year although I did fluke a 6 bagger with BPC but I have a feeling 2019 is going to be 100 time more interesting. GLA.

[throwingmuses] 31/12/2018 20:27

Wow!! That's a lot of gas!! Caught the RNS and price action earlier, but just got a chance to listen to the podcast and read the board now, what a day! Interview sounded fantastic, so many positives, opens up the possibility for transformational deals indeed! The timing of release must have suited some attentive PIs at least, and don't worry, the market won't have forgotten the news by wed, can't imagine they'll be many changing hands under 4p. Ok, quick look at the report, then drink! Happy new year everybody here, and Steve and the team too!

[theaviator] 31/12/2018 19:56

No brainer. Eggs baskets.

[shares188] 31/12/2018 19:55

Just reading this again, the numbers are massive!!
I've got that TERN tastic feeling here 😀😉😂
100M ,Market cap will be gone in no time.....
I just love the timing here, all mixed up in
half days and bank holidays , 15 mins before
close of play , please form a orderly cue on
Wednesday,,,YEAH RIGHT, this will make the
Black Friday sale seem like going to your local
corner shop for a pint of milk!!

[henrymcivor1] 31/12/2018 19:52

iLeeman - That's your prerogative. Come back at the end of next year and buy some then.

[trulyscrumptious] 31/12/2018 19:44

CEO, Dr S Staley, excerpt from the podcast. Easy decision to stick with this one as it could erupt into a real money-bagger this year.

'... Sarawak, where we are making good progress and again there the potential for some very large amounts of hydrocarbons. Yes, progressing well, it's going to be a very interesting 2019 I think.'

[ileeman] 31/12/2018 19:42

No comments on drill timing...

Amazing numbers no doubt but if they are not drilling until atleast 2020 I dont see the appeal quite yet IMO.

[theaviator] 31/12/2018 18:48

Super stuff!Yep was your Mozart I heard. Lush. Sabine eat your heart out! Is Linda Coffin still going at Trinity? (You're curious now am thinking...lol) I'll drop you a pm sometime next year and let you know who sends their regards. Small world. I dont want to pump shares on another bb but run your eye over Rbd and Ntog & a Very Happy New Year! ps Ill post a chart next week here. Upside looks v good.