Upland Resources Share Discussion Threads

[soulsauce] 18/1/2018 11:00

Welcome maverick.

Strange comment from EOG, me thinks they would very much like to be considered part of whatever else Steve S is bringing in here ;-)

[maverick247] 18/1/2018 10:43

Bought is 180k and a 250kyet to show bloody hard to buy

[soulsauce] 18/1/2018 09:20

Yes well happy with today's news, onwards with the other projects.

[zengas] 18/1/2018 09:15

Yes still in TXP Brasso along with Zen, AAOG, and Eme for the China psc hopefully this year. I had over 5.5m Eme earlier in the year and sold 4.5m of them. They didn't get all their funding (c.50%) away at 3.5p and wished I had taken a lot more on the back of the existing Duyung discovery that I had a 17p target for. Was going to get back into PPC but opted for i3e energy for about 2% of the Co but a very small f/float anyway. Kept nibbling here when they drop below the 1.3 level given the huge skin in the game that the directors have here as at i3e and possible share price appreciation maybe on the scale of eme when the press/tip columns get round to seeing what they have. Main holding is Savp and holding both these for near 3 and 2 years now. Had a stab at MYT indian power generation earlier in the year and with their possible indian listing and rumours about coming off the uk market I got shot of about 90%. Sold out of Trin entirely and just happy with one Trinidad e&p co for now.

[billyboychrisd] 18/1/2018 08:15

Some nice buying, people like this news and I'm not surprised

[brasso3] 18/1/2018 08:09

Hi Zengas

Are you still in TXP?

[billyboychrisd] 18/1/2018 08:07

Yes indeedy, very happy to see this news. Crack on with more active projects now.

[zengas] 18/1/2018 08:06

This will free up the circa £1.3m that has dragged on for so long with Wressle.

Circa 30 mmbo net recoverable Wick prospect later this year.
Ongoing discussions for other projects.
I wonder what the current position on Hardstoft is?

"The Company maintains a good relationship with Upland, with whom it is a
partner on PEDL299 in the East Midlands which contains the Hardstoft oil
field. As a result, management would have no hesitation in cooperating with
Upland in future new venture opportunities."

[yogaboy] 18/1/2018 07:56

Concise and transparent announcement today. No more Wressling with this one, move on.

[cinques] 10/1/2018 07:48

Excellent disclosure re auditors Firstly an RNS and secondly a clear explanation of the reasons

[cashandcard] 06/1/2018 21:01

This is quite frankly an utter shambles. What sense is there in granting companies planning permissions to explore for oil to then go and deny them the ability to develop/produce it?Cash

[kemche] 05/1/2018 14:49

I hope they get shot of this distraction for once and for all:

" Upland Resources and Europa Oil and Gas have agreed to extend the 'long-stop' date for satisfaction of the conditions to completion of the agreement to 28th February 2018. One of the outstanding conditions to completion is the award of relevant planning permissions to the Wressle development. If these conditions are not satisfied before that date, Upland UK is under no obligation to complete the farm-ins or make payment for the 10% interests in PEDLs 180 and 182. In the event of rejection of any of the planning appeals, Upland UK may terminate the Wressle Farm-in Agreement at any time following the result of the appeals being known, without having to wait until 28th February 2018. Its GBP160,000 deposit will then be returned to Upland UK and Upland UK will have no further payment obligations under the Wressle Farm-in Agreement."

[sull75] 05/1/2018 09:43

The whole Wressle fiasco has done nothing but hold the share price back, let's hope the board agree to finally get this monkey off the company's back so things can move forward. The share price is holding up and now have nothing but good positive news ahead of us which should only mean one thing for the share price. Uplands and onwards!

[soulsauce] 05/1/2018 09:35

Yes yogaboy.
I can understand the furore against fracking but a producing conventional well like this one when there has already been so many in Lincolnshire is ridiculous IMO and does not bode well for other companies wanting to drill onshore which means the govt need to get a grip of it.

But I think we need to move on as it is more of a distraction than it is worth.

[yogaboy] 05/1/2018 09:27

It's a right pain eh soulsauce? On the other hand, sufficient doubt appears to have been priced in already, so only minimal hit to the share price As you say, time to focus all management's attention elsewhere.

[soulsauce] 05/1/2018 09:23

Wressle planning permission turned down for the third time, NIMBYism alive and well in Lincolnshire, ludicrous.

Should be kicked in to the long grass now to concentrate on Wick and, hopefully, other projects in Indonesia and Nth Africa.

[divmad] 24/12/2017 15:11

It all hinges on how they finance their 40% interest. . A huge undertaking in relation to the current MC.

[sull75] 24/12/2017 14:36

Merry Christmas to all UPL holders, here's to a prosperous New Year for us all!

[cashandcard] 15/12/2017 01:43

Guys, checkout RBD - Whitman-Howard research note. Attributes a value to their indirect 9% in Wick.Cash

[soulsauce] 14/12/2017 22:33

Great write up from the Agm on lse.

[sull75] 13/12/2017 15:43

Level 2 is looking interesting:

Bid
1.32 SCAP
1.32 WINS
1.30 CFEP
1.30 PEEL

Ask
1.40 CFEP
1.42 WINS
1.50 PEEL
1.52 SCAP

[soulsauce] 12/12/2017 15:42

Yes nice to see. Just waiting to see how they are going to fund Wick and then in for a whole lot more.

[billyboychrisd] 12/12/2017 14:15

Hmm, a little bit of a rally?

[soulsauce] 05/12/2017 13:58

Cheers sull.

With that potential I see a Sp prior to drilling of 5 to 10p depending on dilution.