Upland Resources Share Discussion Threads

[euclid5] 01/12/2017 16:41

Noticed recently some other SIM vo's placed & price held up well & above placing price, so depending on the deal they are in it's not too bad especially if the BoD's participate

Look at VRS & Lion

things will move in 2018, Wick is a good licence, recall RBD may have an interest in this via Carillion

[divmad] 01/12/2017 07:53

If there is a placing and the insiders take their ful share of it, that's good enough for me.

[sull75] 01/12/2017 06:51

We all knew that any new ventures would need to be funded somehow, if it is a placing then so be it but UPL will make sure that it's for the good of the company. This can't come as a surprise to anyone. Let's see how things progress but everything is looking good for the new year. The news yesterday was just the starter course of phase 2. If you haven't listened to the podcast and your a shareholder or thinking of becoming one then I recommend you do. Listen to Steve when he mentions the overseas opportunities, it comes across as if he already has news but just can't divulge anything just yet. Exciting times indeed are ahead.

[tyler90] 01/12/2017 00:10

Plus they have only £2m in cash if Wressle appeal is lost, so are they going to borrow to invest in Wick? or a placement? Personally, I think they will go for a placement and the BoD and their associates will end up taking up most of the new shares. Hence dilution of existing shares which is not always good for the share price. See you all in 2018!

[tyler90] 30/11/2017 23:56

I think any share price transformational deals will be announced next year which is why those hoping to see them this year have been selling lately. This is off the radar of the traders for now and I do not expect any serious share price gain until next year and certainly not before the Wressle appeal decision. I will place them in the bottom drawer for now.Good Luck LTH and have a very Merry Christmas and a Happy and Prosperous New Year!

[euclid5] 30/11/2017 21:05

If they don't farm into Wressle then they still have approx a cash balance, as at 30 June 2017 of £2.2m

[kirkuk] 30/11/2017 20:43

bbc. This share is not on the AIM market.

[billyboychrisd] 30/11/2017 20:21

Today's share price action feels like people have lost interest in UPL as aim is mostly made up of people looking for a quick buck (at least that's the majority of active posters on other threads).Unfortunately it looks like it's going to take another deal, or significant progress on current deals, to get the share price moving in the right direction. Keep up the good work Steven, we look forward to further updates and progress being made on all fronts. You deserve a beer tonight ;)

[soulsauce] 30/11/2017 19:04

We're in good hands with SS.

[divmad] 30/11/2017 17:10

Highlights:

1." Financially sound". "we are frugal. We have £2mn in cash, no debt".

2. "This is the first Phase 2 big project. The first of bigger, higher potential projects".

3. "More (projects) coming in the near future".

4. Planning Inspectorate decision on Wressle on or before January 10th 2018.

5. Something about that they are very comfortable with the "fault risk" at this farm in block, having remapped the block and taken their time to pore over the 3D seismic. No more seismic needed. Hoping to spud by this time next year.

SS sounded very laid back, but I haven't met him before or heard him speak before.

[sull75] 30/11/2017 14:55

hxxp://www.sharepickers.com/

[soulsauce] 30/11/2017 14:49

Its okay I got it. Great listen like the sound of Steve and still more to come. Reading between the lines I think one of those other assets is pretty close.

[divmad] 30/11/2017 14:32

Any mention of how it will be financed?

[soulsauce] 30/11/2017 14:29

Sull can you post a link please.

[sull75] 30/11/2017 14:27

Tyler, have a listen to Dr Staley on the Vox markets podcast today, he is very upbeat! Next year is looking good!

[soulsauce] 30/11/2017 12:47

Tyler either they are still on the back burner or this was too good to turn down.

[tyler90] 30/11/2017 11:37

What about the Malaysian/Moroccan deals?

[divmad] 30/11/2017 11:34

Funding, Zengas?

[zengas] 30/11/2017 07:45

Already covered by 3D.

Drill ready for later 2018 and a net cost of around £2.25m for such sizeable upside described as relatively low risk (Wick prospect 250 mmbls).

Company believes "additional, attractive prospects are likely to be found in the permit area". Isn't the Wild Boar prospect also in this block with circa 70 mmbls ?

[soulsauce] 30/11/2017 07:27

Yes looks very exciting news.

[safman] 30/11/2017 07:16

North Sea Farmin- Agreement..

Good news...

saffy..

[soulsauce] 26/11/2017 22:20

Sull yes I received the same email.

[divmad] 26/11/2017 22:10

...and also how innovative UPL can be in raising cash other than from a conventional equity placing.

[euclid5] 25/11/2017 18:20

Hello Divmad, Possibly but also could mean a large placing on a good deal, so a double edge sword. Depends how early stage or advanced the deal is & the 2C oil Resources / Prospective resources - work commitments required to bring the asset to first oil - country risk profile also counts here in this business

Lets see what unfolds early next year