Upland Resources Share Discussion Threads

[goodbloke1] 10/3/2018 09:53

LW be honest and admit you sold out mate

[zengas] 10/3/2018 09:45

LW425 Seeing as you mentioned me in your post i'll give you something to think about before you're let loose with a calculator again. While i won't knock Matd in any shape or form i don't want to burst your bubble on those figures. There's 520m shares in issue. They have $20m for 4 wells. The 2 billion bls potentially recoverable is spread over 55 prospects and leads so will need a well drilled on every one if they want to address the 2b bls so $200m needed either by loan notes, new fundraising or a farmout and give a away a big chunk of that upside. In addition if they get a 15 mmbo discovery (Gazelle from memory) they need 40 development wells at $2m each with initial IP of 240 bopd.

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LW425 - 03 Mar 2018 - 11:47:35 - 4033 of 4182
So how high could the share price go?
From the presentation:
Blocks IV & V: High Impact Exploration
55 Prospects and Leads. Recoverable potential > 2Bbo *

So 2billion barrels just on the first two blocks at $10 a barrel takeover price = twenty billion dollars

Say 15 billion sterling.

With around 500m shares in issue
£30 a share potential from just two blocks

That is a 300 bagger from the present share price.

£10000 invested now could be worth £3m sterling.

£50000 invested now could be worth £15m sterling

This is in my view a once in a lifetime opportunity. '
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[argyle underclap] 10/3/2018 09:40

Crucial building blocks set in place this past Week

Sarawak full authority granted.

Ample finance demonstrated.

The clues are all there

[thejaba] 10/3/2018 09:28

tyler

I'm referring to LW425, who simply has no clue and is a danger to himself.

[goodbloke1] 10/3/2018 09:25

He sold out and is now panicking that's for sure!

[goodbloke1] 10/3/2018 09:25

3.5 mill is a huge potential cost over run in my opinion! I agree with you

[argyle underclap] 10/3/2018 09:25

Maybe A certain sum1 (LW...) should do proper DD

Tune did, and put in a million. And are happy to sign up for more. Similar for Norza and Optiva.

many a shrewd investor have also taken a seat.

On balance, seems to be an incredibly weak and deluded attempt to try And get in cheaper.

Ur blowing against the wind my friend...

[soulsauce] 10/3/2018 09:08

What this poster fails to realise is how much skin the BoD, and others close to the company, have in the game.

These CLNs have not been done with Wick in mind as we will soon find out I am sure.

[goodbloke1] 10/3/2018 08:42

They would have to be idiots to announce a deeply discounted placing when their interests are aligned! Seems to me you have sold out and want in cheaper!

[soulsauce] 10/3/2018 08:38

Yeah LW425 have a good weekend watch out for those falling meteors.

I have never read such ridiculous posts in all my year's on advfn.

[goodbloke1] 10/3/2018 07:18

They will probably announce a deal shortly in my opinion! The lock in period and their allied interests and the impending deal are enough to convince me that the clns will present no worry.When deal ( you seem to forget) is announced funds will be raised at a much higher price in my opinion!

[lw425] 10/3/2018 07:12

So why didn't they insert a floor price into the agreement?

2.5p floor would have seen the share price at 3.5p now with me owning 2 million.

But no floor just makes the market nervous hence the muted reaction.

[goodbloke1] 10/3/2018 07:03

What about replying to my point which is not challenging! You seem to forget that UPL shares are subject to 6 month lock in agreement.When the deal is announced the share price should rocket and funds can be raised at a higher price! Perhaps the deal is very close hence the clns possibly

[tyler90] 10/3/2018 06:29

TheJABA, if you are referring to my post then it is not nonsense. My decades of experience is that the City is full of sharks. Not saying Optiva are in that bracket but no harm in asking challenging questions. Do not take everything you read and hear as gospel is my advice.

[thejaba] 10/3/2018 06:14

What a complete a utter nonsense post. Some people really need to think about what they post.

[goodbloke1] 10/3/2018 01:59

You forgot the 6 month lock in

[tyler90] 10/3/2018 00:06

Yogaboy, I would hope so but would be useful to know who they are.

[yogaboy] 09/3/2018 23:38

I guess the UPL ethos was spelled out to them before they offered up?

[tyler90] 09/3/2018 23:17

LW425 is a wind up merchant. I may be wrong but it is the impression I get from his post.However, I have my reservations about Optiva and I have said this in the past. I wonder who their clients are and what percentage are they the CLN holders?Not being negative but just how do we know that these clients have the same commitment to UPL as the other 2 cornerstone investors?

[euclid5] 09/3/2018 22:25

LW425, your forgeting that the LN issuer already owns 16% of UPL stock, so they would have a clear idea what they are using these funds for.

1p & under isn't a realistic price they will convert to, unless it was operated by a bunch of cowboy BoD's like most O&G Aim co's. i.e Newog, remember that dog well

so take a look at who is on this BoD

But guess you may be short the shares, good luck if you are, but the upside potential is greater than making 2p profit on any downslide!

Terms of the Convertible Loan Notes Facility

The Facility Providers comprise Tune Assets Limited, Norza Zakaria (Chairman of the Company) and clients of Optiva Securities (corporate brokers to Upland).

[sull75] 09/3/2018 21:33

Many thanks.

[kemche] 09/3/2018 20:55

The buffoonery defies belief!

As the filtered list gets ever larger.

[lw425] 09/3/2018 20:43

The loan notes will hold the share price back.

£3.5m at 1.5p = 233m new shares

£3.5m at 1p = 350m new shares

£3.5m at 0.5p = 700m new shares

£3.5m at 0.1p = 3.5 BILLION new shares. Yes Zengas that's 3.5 BILLION new shares at 0.1p.

£3.5m at 0.001 (one hundredth of one penny) = 35 BILLION NEW SHARES.

Therefore a £10000 investment at 2.5p could in extreme, unforseen circumstances one day be worth a paltry £40.

The above are all examples of course.

[spangle93] 09/3/2018 17:57

Absolutely