Upland Resources Share Discussion Threads

[goodbloke1] 27/2/2018 18:08

So when is next spud? 3 quarter wick?

[jungmana] 27/2/2018 18:04

Soul, yes we will but in the meantime with colter spud in april/may, will be exciting to to see UPL be involved there

[soulsauce] 27/2/2018 17:59

Jungmana I think we will have bigger fish to fry.

[jungmana] 27/2/2018 17:34

I would be happy to see us farm into Colter. Even 10% would be fine :-)

[tyler90] 27/2/2018 17:19

Seem competent enough ??"Fraser Well Management is a specialist well engineering and well management company covering the complete lifecycle of oil and gas wells both onshore and offshore. With strong well engineering and wellsite supervision expertise and a 56 well track record of high quality results, Fraser Well Management is equipped to deliver safe, efficient operations for clients."

[scotty666] 27/2/2018 12:59

Maiden buy for me after I missed my entry a week or so back, thanks for all the info and the heads up from a couple of knowledgeable posters.

[jungmana] 27/2/2018 07:35

Euclid- you must also consider that whatever amount of money they raise is to be used primarily to invest in a new project(s). They already have exposure to at least 4 wells this year. have attractive portfolio with colter, wick, oulten and Danube in Romania.

[cashandcard] 27/2/2018 07:15

I hold bothCash

[goodbloke1] 26/2/2018 20:20

Rbd good bit upl seems to have more going for it

[euclid5] 26/2/2018 20:17

Jungmana, don't forget with RBD, if they raise £10m at 0.005p that's another 2B placing shares - plus 1.54B already = 3.54b in issue - once you start deviding the future NPV by that sum of shares - the Npv per share reduces drastically, sorry to say

[soulsauce] 26/2/2018 20:14

No goodbloke but I wouldn't worry. As a good friend said to me a monkey with a pin could have picked better than his 2017 choices.

He is adding more in June so you never know.

[jungmana] 26/2/2018 20:08

I hold both rbd and upl. Rbd still has over £2m in cash. They want to raise more funds for new investments. With colter drill to commence in april , is a stonking buy at 0.6p imo.

[caters] 26/2/2018 19:56

Was that before today's possible placing announcement by RBD?

Thankfully, UPL has the money in place for Wick.

[cashandcard] 26/2/2018 19:54

I notice Malcy has chosen RBD as his final pick for the 2018 bucket list. Cash

[tyler90] 26/2/2018 17:12

Soulsauce, let the excitement build! ?

[soulsauce] 26/2/2018 17:05

Agree tyler. Would like that all important news though.

[tyler90] 26/2/2018 17:01

This still has legs. Was down over 7% at one time but dragged itself up again. Have a good feeling for the rest of the week but hey! WDIK :-)

[goodbloke1] 26/2/2018 16:36

They are buys.I bought top up of 100K at 2.57

[euclid5] 26/2/2018 16:18

Oulten is offshore


East Shetland Basin - Offshore P2222

The licence contains the undeveloped Oulton oil discovery (3/11-1 and 1ST) estimated to contain approximately 16 million barrels of recoverable oil. The discovery was made over 40 years ago by Amoco, and flowed in excess of 1000 barrels of 41 degrees API oil per day on test from Jurassic Emerald sandstones.

The use of modern offshore technologies combined with access to nearby infrastructure are expected to enable Oulton to be successfully developed in the near future.


[...]

[yogaboy] 26/2/2018 12:25

Interesting post 1048 tyler90, thanks. It’s easy to buy shares, but the decision to sell can be so very hard.

My view is that it’s NEVER wrong to take profit. That was a lesson learned the hard way. The idea that you should not risk missing out by selling is profoundly flawed - there are always other shares making gains and we are always missing out on them, so why should one more sway our decision?

I started buying UPL at 1.26, well over a year ago, and very recently sold out of NUOG at a three-bagger to top up to 2.5m here. Since then NUOG has outperformed UPL but hey, so have many other shares where I’m not invested.

Despite the many differences - eg quality of management, full listing, BOD shareholdings - this share is similar to NUOG in that it is currently a “jam tomorrow” investment. If/when the big news comes, it will reward holders in spectacular fashion. If it does not come, there will be blood on the carpet.

For what it’s worth, I think the UPL news is already trickling in. Until the big news drops, it’s effectively a zero-sum game between investors, but the big news will be the game changer.

[tyler90] 26/2/2018 12:17

Those late trades shown as buys are sells I assume?Nothing wrong with some profit taking and consolidation.

[spangle93] 26/2/2018 11:12

Caters - just to add that in many cases, it's not the planning authorities, it's the committee above them that don't have specialist knowledge that are now acting irrationally.

If you look at the latest rejection, for an exploration well just east of Sheffield, it's reported that "Planning committee members of the Derbyshire County Council voted 9-1 to reject a recommendation that the test be approved. The rejected report, by council planners, found that the Ineos proposal would be acceptable under “strict planning controls related to dust, ecology, the impact on roads and traffic, archaeology, lighting, and noise.”

So, there's no frac in the plans, their own planning department supported the application to drill, but the county councillors overturned their planners' recommendation.

Agree with you - it's hard to see rationality returning in the near future.

[soulsauce] 26/2/2018 11:01

Agree caters.

[caters] 26/2/2018 10:56

Planning Authorities, Anti-Fracking Lobbyists (even if it's not fracking), Nimbys...

(I think Wressle will get there and EOG will become a good play if Wressle gets the green light. Holmwood in Surrey should get drilled but the campaign against EOG has been well run and I can't see a drill turning there anytime soon. Onshore drilling to target just offshore wells around Swanage, Purbeck, etc, will probably run into opposition.)

My guess is that SS has bigger fish to fry now.

Just my view, dyor, etc.

edit: loads of Typos!