Upland Resources Share Discussion Threads

[haggismchaggis] 24/10/2023 16:38

That's a lie from a scummy shorter if ever I saw one!.It's a fact that an offer has been made, otherwise the company could not name Mr Bollinger in and RNS, or he would be straight onto his lawyer making a claim against the company for false representation, you scummy troll shorter.

[neo26] 24/10/2023 16:24

Fake spread, can buy at 5.08p.

[neo26] 24/10/2023 16:02

So why is sec prepared to pay £170m.

[sensemun] 24/10/2023 15:59

If there is a genuine bid at 14p then the UPL Directors should put this to shareholders.

I would accept it.

Personally I think it is all a scam

[neo26] 24/10/2023 15:58

This offer is transformational.Just want to confirm will upl get the development license.

[ym] 24/10/2023 15:56

Nobody give you 100%. Hence the high risk in oil shares.

[oilisgold] 24/10/2023 15:51

Comedy Gold to be honest

[oilisgold] 24/10/2023 15:50

We got a bit worried about you on the other board as you stopped posting.

[oilisgold] 24/10/2023 15:45

Pwhite you havent changed a bit.

[oilisgold] 24/10/2023 15:44

Just relax and sit back and enjoy. Very simple now. They will either make a formal bid or just walk away. You take the risk to get rewards. If another offer comes in the share price will get close to bid price. If you wetting yourself then sell up

[neo26] 24/10/2023 15:43

Does upl hav contract with the govt?Are they 100% certain there is gas/oil there.

[pwhite73] 24/10/2023 15:41

apfindley - "Why have they not even tried to buy a stake at market price, at a price lower than their supposed preliminary approach price?"

In the RNS UPL stated the offer of 14p was for all the issued and to be issued shares. If SEC were picking up shares at 6p then this is clearly a lie.

RNS 23/10/2023 - "The Board of Upland notes the recent media speculation concerning the possibility of an offer being made for the entire issued and to be issued share capital of Upland. The Board of Upland confirms that it has received an unsolicited, very preliminary approach regarding a possible offer for Upland at an indicative price of 14p from a potential offeror referred to in the approach as SEC Capital ("Potential Offeror")."

[oilisgold] 24/10/2023 15:39

You cant buy from the market. Its not easy as you think. Try buying that amiunt and see what happens.

[apfindley] 24/10/2023 15:35

No tr1 from sec.Why have they not even tried to buy a stake at market price, at a price lower than their supposed preliminary approach price?It makes no sense and means that this news just doesn't hold up.Today I'm thinking its an even bigger hoax than I thought yesterday

[neo26] 24/10/2023 14:47

Whats to say the govt wont push UPL out of the way and go for SEC.

[pwhite73] 24/10/2023 14:24

It is likely SEC Capital have been working on this for months and have been in correspondence with the Malaysian government. Are people really suggesting they haven't done any due diligence and made an offer of 14p (£167 million) out of the blue without knowing what assets UPL own or doesn't own.

[pwhite73] 24/10/2023 14:18

scantrader - "pwite - since they don't own the assets they're in no position to grant the rights."

The rights are granted by governments not companies and what governments want to see are oil explorers with sufficient funds to develop fields from prospecting to production. Companies like UPL and all other oil tiddlers are granted licences at the very early stages to prove up resources. But they don't and will never have the hundreds of millions required to bring fields into production. This requires a farm-in with a major oil company or an investor with very deep pockets.

[neo26] 24/10/2023 14:08

PW now it makes sense why billionaire hedgefund is interested.He wants to profit from the build in infrastructure and take share in asset.Have any wells been drilled yet in block?

[neo26] 24/10/2023 14:03

PWhitePotential net profit of what, gas/oil revenues?Do they get free carry of 20%?

[upl_investor] 24/10/2023 14:01

More TW fans popping up here. Can almost feel a drop in testosterone when they turn up

[scantrader] 24/10/2023 13:58

pwite - since they don't own the assets they're in no position to grant the rights.

[pwhite73] 24/10/2023 13:52

The 14p offer is for the right to develop the assets and pocket the potential net profit. The offer is not simply to purchase UPL which technically has nothing.

[neo26] 24/10/2023 13:51

So its begs the question how possibly can an acreage of 20% be worth 170m. What does Bollinger see?Is this 20% a free carry?They are saying there is 1bn barrels if oil in this acreage.