Upland Resources Share Discussion Threads

[sja123] 23/8/2016 12:04

Added here this morning....news soon I expect...

[someuwin] 23/8/2016 11:54

This keeps creeping up.

Sooner or later it will explode upwards on news out of the blue.

[safman] 23/8/2016 11:43

Some activity today..

With directors taking a large portion of shares in the company.. coming up to September.. once the holidays are out of the way.. we could potentially see some activity..

Well, that is the hope anyway..

saffy...

[yogaboy] 17/8/2016 15:01

...as does the trend over the last eight months.

[kemche] 17/8/2016 14:43

The nibbling continues......

[kemche] 11/8/2016 15:27

So far so good :)

[argyle underclap] 11/8/2016 13:39

Jabs - Higher lows on the chart too indicates pressure building

[thejaba] 11/8/2016 13:14

stock being nibbled away daily. looks to me like someone picking this up daily.

may see another RNS

[safman] 11/8/2016 08:51

Good Morning..

Always a good sign.. (Well certainly majority..).. when directors own a huge chunk of the company.. a blue start today....

saffy..

[thejaba] 03/8/2016 12:06

I think this is primed to go tbh. Expecting big things from this management.

When you look at other O&G companies which are at 3 or 4p but whose MC is around 60m it really tells you this could motor, in terms of a number of reasons:

1. Management have a track record of delivering value (Cove Energy £2.1m sold for £1.2 billion within three years)
2. CEO and whole management team have been acquiring stock
3. Chairman who was a big player in the O&G industry in South East Asian wants to expand in that market
4. Chairman has been acquiring stock and has 60m shares
5. New NED joins and within 2 weeks acquires 3m shares
6. The shares are getting tighter and any good news, and news is expected soon, could mean a shortage of supply
7. Low MC of the company
8. Full Market Listing
9. Cash Rich - of the 2.3m MC £1.3m is cash
10. The BOD remuneration per annum is £200k, the CEO is on £175k a year, compare this to others who bleed finances dry in other companies
11. The CEO has recently gifted 1m shares to a charity / organisation where he enjoyed his formative years - he is unlikely to give them a duffer.


Just as a comparator, if a MC was 30m (based on the current shares in issue) the share price would be around 13p

[argyle underclap] 21/7/2016 15:17

Jaba - ur another one who likes to dip in early.

Ur an 'early dipper'

[thejaba] 21/7/2016 14:50

I agree with Zengas in that the NED has only been around a couple of weeks, and has put in £45k plus to acquire stock.

Hes evidently seen enough for him to dip in very early.

[argyle underclap] 21/7/2016 13:29

I have been acquiring these the past few weeks.

Good to see another director taking a chunk.

[zengas] 20/7/2016 16:35

The company is still significantly cash rich relative to the low market cap of £3m at 1.425p.

Main point is regardless of cash the value on the asset for 2C at 80% COS and 64% on best estimate resource is 1.24p - 2.3p per share at $50-$70/b oil and based on just 0.8 mmbls success net to UPL.

The overall exploration potential in best estimate 3C net to UPL is 7.42 mmbls at Hardstoft versus 0.8 mmbls for the above price per share - so has over 9 times the upside potential for any future successful exploration in this one asset.

UPL had £1.3m cash ($1.75m). Corporate overheads estimated at £300,000 ($425k/year).

It's upcoming share of seismic and drilling costs on a net basis are
Seismic $83.35k, well preparations $16.67k, appraisal well on the existing discovery $500k and a development well $500k = total including overheads is $1.525m, so fully funded and the 2 wells are 12 months away at least so that frees cash for/towards another deal in the short term.

[safman] 20/7/2016 16:14

Although it is speculative.. the fact that directors are buying chunks of this company..consistently before any news.. to me seems like a very good sign of perhaps things to come..

Especially considering their backgrounds..

But.. dyor..

saffy..

[safman] 20/7/2016 16:00

Good Afternoon..

To see more directors loading up on shares and consistently as is the case here, is always a very positive sign.. hence weakness can present an opportunity..

saffy..

[someuwin] 20/7/2016 15:58

A very intriguing company!

[zengas] 20/7/2016 15:54

Another non exec director just announced as buying 3m shares (1.41%) at 1.3p

Directors and institutions now at circa 62% (7 holders).

[someuwin] 20/7/2016 15:53

RNS Number : 7801E

Upland Resources Limited

20 July 2016

20th July 2016

Upland Resources Limited

("Upland" or the "Company")

Director Purchase of Shares

Upland Resources Limited (LSE:UPL) is pleased to announce that on 19(th) July 2016, the Company was notified that Mr. Bolhassan Di (non-Executive Director) had bought 3,000,000 ordinary shares of no par value in the Company (the "Ordinary Shares") on 18(th) July at 1.3 pence per Ordinary Share.

Following this purchase, Mr. Di now holds 3,000,000 Ordinary Shares, representing approximately 1.41% of the issued Ordinary Share capital of the Company.

[thejaba] 16/7/2016 13:10

Just noticed on the admission document that the salaries and remuneration is very low. CEO, Chairman and a member of the Board only draw £175k pa between them.That's good news for holders imho.

[safman] 15/7/2016 14:14

If you have accumulated stock.. then this could be an interesting time..

Directors have quite a bit of skin in this stock.. so interests certainly are aligned..

saffy..

[someuwin] 15/7/2016 14:07

Priced like a shell

* But already has one valuable asset -- Successful in the 14(th) UK Onshore Oil and Gas Licensing Round bid for Petroleum Exploration and Development Licence ("PEDL") 299 in the East Midlands ("Hardstoft") and ready to start field development with partner Ineos.

* Carrying out rigorous due diligence on a number of potentially high impact, low-cost onshore opportunities in attractive jurisdictions.

* No debt. has £1.3m cash

* Main listing.

* Highly experienced directors worked with Cove, 88E, BP, PETRONAS, Cinergy Corp.and Conoco.