Upland Resources Share Discussion Threads

[soulsauce] 31/1/2018 16:48

Yes Argyle that looks favourite now, the clues are there as they say ;-)

[argyle underclap] 31/1/2018 16:46

Soulsauce- agreed. And the Malaysian connection gets even stronger.

Additional to Wick, Of the 2high impact prospects uplands Are also considering, I think it fair to say, on balance, The Malaysian biggie now looks the likelier option to land at the mo.

But either will b a potential game changer. Just like Wick.

Clearly an extremely attractive portfolio being targeted.

[soulsauce] 31/1/2018 16:23

Quite right Argyle.

They haven't chucked a million quid at this as a bet on Wick nor are they here just to make the odd 10 or 20%.

yogaboy quite agree

[yogaboy] 31/1/2018 14:33

I've added a few today.

There is a clarity of purpose and execution to the way this company operates. When the deal lands, there will be a clamour for shares.

[thejaba] 31/1/2018 14:29

breakout on big volume today.

[thejaba] 31/1/2018 14:24

think as the supply of shares is tight we may see drops on little volume as MMs look to gather stock.

I'm holding tight and adding

[kemche] 31/1/2018 14:06

If the new investor is a chum of the Chairman then would it not be an absolute coincidence if any news is forthcoming soon re North Africa or the Far East - he says mulling to himself!

[soulsauce] 31/1/2018 13:54

And still hoping to secure deals in Malaysia and Morocco.

Like I said earlier Tune aren't chucking £1m at this to gamble on Wick.

[tyler90] 31/1/2018 13:50

Soulsauce, :-)

[soulsauce] 31/1/2018 13:46

Excellent interview on Vox. So spudding of Wick late August. This will go up quite a lot I am sure prior to that.

tyler thanks.

[sull75] 31/1/2018 13:36

Latest interview with Stephen Staley
hxxp://www.sharepickers.com/

[thejaba] 31/1/2018 13:36

A must read...

hxxps://www.voxmarkets.co.uk/blogs/3-reasons-to-add-upland-resources-upl-to-your-watchlist/


In a note on this farm-in their broker, Optiva Securities state:

“If we assume a commercial discovery at Wick leading to a 75 mmbbls field development (assuming a 30% recovery factor), a conservative NPV of only $7.50/bbl indicates an unrisked valuation of up to US$225m net to Upland. Although a range of administrative, technical and financial factors will need to be addressed and appropriate risk factors applied, we believe that deal enhances Upland’s UK oil and gas portfolio significantly.”;

[sull75] 31/1/2018 09:32

Perhaps not a story and more like a convincing investment plan :))

[soulsauce] 31/1/2018 09:28

Exactly kemche

[kemche] 31/1/2018 09:24

Soul, We can only surmise that it must have been a "convincing" story told for Tune to pony up £1m!

[soulsauce] 31/1/2018 09:16

I doubt Tune would roll £1m on the Wick dice and hope it doesn't come up with snake eyes. I think it is safe to assume Tune are in for something bigger with the Malaysian connection.

[soulsauce] 31/1/2018 08:46

Yes sounds good doesn't it kemche ;-)

Now funding is in place I suspect we are getting close to one of those high impact assets.

[kemche] 31/1/2018 08:44

"The investment by Tune supports Upland's move to the second phase of our strategy, to invest in high impact assets, which will help us realise potentially transformative value growth."

[billyboychrisd] 31/1/2018 08:14

Good shout, upland always release informative RNS's that don't leave space for misinterpretation.

[thejaba] 31/1/2018 08:13

Tony Fernandes has a personal wealth of $650m...looks to me like the next asset could well be Malaysian.

[soulsauce] 31/1/2018 08:06

Market liking it. Well what's not to like.

[divmad] 31/1/2018 07:44

Zengas, is a £1mn raise enough for what UPL wants to do, including what's not yet been announced?

[soulsauce] 31/1/2018 07:41

Great news. A new large investor and the Malaysian link strengthened. Great work SS.