We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Upland Resources Limited | UPL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.05 | 15:17:16 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.05 | 0.99 | 1.075 | 1.05 | 1.05 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 01/2/2025 15:43 by richsif August 19th: NEW ARTICLE: Upland Resources a reminder that fair value is still 0p to 0.3p, don't catch a falling knife at 0.875p #UPLSpiv |
Posted at 01/2/2025 15:27 by jaknife It's a bet of an aggressive response. All I did was point out that your words"FTR, if anyone who went short on UPL when winnieteeth last wrote an UPL article they would currently be 25% underwater" ... were either those of a moron or the words of a liar. Personally I had presumed liar but I guess that your demonstrating that it's more likely to be moron! |
Posted at 31/1/2025 18:13 by richsif Ahhh… the timing all makes sense. Tombstone Teeth sends out his bedroom cuck Kevin Taylor (Jaknife) earlier in the week to post here and then lo and behold we get this nonsense on a Friday afternoon lol.FTR, if anyone who went short on UPL when winnieteeth last wrote an UPL article they would currently be 25% underwater |
Posted at 29/7/2024 16:03 by haggismchaggis As per the last RNS (copied below), there's a short term plan and a long term plan.. The short term plan involves UPL getting a PSC and drilling an exploration well next year to prove oil/gas exists there. . The long term plan involves farm-out(s) for bigger company(ies) to do drill production wells, where UPL should be left with a free carry as happens with most small cap oil and gas exploration companies. . It's not just a case of who UPL have on board, or how well in they are with Government, or what is in the JTS that gives them 'advantages', it's also about the two stage plan, when UPL are the right player to drill the first exploration well, before any majors start getting involved in farm-ins. . -------------------- Government Announcement: "Block SK334 "Petros is wrapping up a Joint Technical Study and we are looking forward to the potential drilling of an exploration well in 2025" (11th October 23)." . "In preparation for this, following the completion of the Joint Technical Study, Upland has advanced its preparations to deliver an exploration drilling programme to meet this announcement." . "Following its application for an exclusive award with the Government and Petros the Company has built an experienced team, made up of local and international experts, who are ready to commence operations on Block SK334." . Joint Technical Study: "In the terms and conditions of the signed Joint Technical Study Agreement between Upland and Petros, and as a medium-term strategy, Upland has certain unique advantages over other potential bidders in a competitive bidding process." . Joint Venture and Funding Partners: "Additionally, Upland has identified potential partners for funding and operatorship of the SK334 Production Sharing Contract as a long-term strategy." |
Posted at 25/7/2024 08:31 by zengas Despite saying they are in communication with the state government, the Govt hasn't told them anything new or they'd quote it.All they've been able to do is quote a 9 month old government statement about 2025 drilling. UPL then refer to the JTS and state that they have unique advantages over other potential bidders in a competitive bidding process. UPL now acknowledge the bidding process that Petros have mentioned. Petros stated as later in 2025 and if on the same timelines as the others announced yesterday, it would indicate no decision until April 2026. Debatable how UPL can determine that they have unique competitive advantages in a bidding process when they don't know who or what companies are also talking to the government and their own individual firepower. My assumption is they would say this to try and calm investors but it's meaningless (imo). UPL may be ready to commence but thats the government decision now some 8 months after the JTS was submitted and there is absolutely nothing quoted from either the Government or Petros today in that RNS. UPL have identified 'potential' partners for operatorship ? Surely these 'potential' partners that would like operatorship could just as easily be interested in the bid process as perhaps others may who won't be talking to UPL. Nothing new that isn't known except they now acknowledge a bidding process that Petros have stated. Looking forward to meeting shareholders at the agm, well they can't say anything else other than that. But once it's over, i expect it to be a drawn out waiting game with no one having to face shareholders for another year. I could be wrong and it's only an opinion but i beleive they'll be caught up in a competitive bid process which they have acknowledged as out there. See what others make of it in the coming weeks but i expect there's buying by some thinking its still a done deal and a combination of a lot of shorts closing to give it the bounce back this morning. |
Posted at 22/7/2024 15:53 by zengas The JTS was completed 28th November 2023 for the PSC.8 months later UPL are still waiting on it. If UPL thought they had an exclusive arrangement with the government and Petros are the state partners, why did Petros release that news just 2 days ago on those plans to offer the block to all potential bidders later in 2025. Surely Petros as state entity are aware of all the negotiations never mind the multiple RNSs UPL have issued. UPL caught on the hop this morning and to be frank can't say anything else other than basically saying it's down to the government as final authority. Question is, by Petros issuing that update 2 days ago and after 8 months of waiting on a PSC, do Petros know a lot more about the situation than UPL ? There's always a face saver possibility for UPL where it could be said that the government has decided to delay the granting of a PSC until further technical work is completed ie in line with what Petros have just said 2 days ago. |
Posted at 22/7/2024 09:28 by zengas They should have about $4m cash net after the recent placings in April and May.People posted naively about the partners maybe being Shell or Exxon here but that in itself was a glaring problem. The fact is WITHOUT a PSC, UPL could be sidelined by multi billion dollar companies such as those and companies like that could tell the government - if they want mega investment expenditure that would dwarf UPL. They'd only be a distraction imo to have them involved. 16/5/24 "While the Company awaits the PSC award Upland also confirms that it is now in discussions/negotiat It's hard to square that companies would negotiate with a company that doesn't have a psc - whats to stop them going to the government and offerring them xyz $$$ for the PSC ? ! Government owe UPL nothing. UPLs own adm document clearly said they might never get a PSC. The PSC should have been in the bag for UPL before they started farmout discussions (Did they really ?) because bigger companies can without doubt clearly undermine them. Todays news that Petros will offer the block to all interested investors shows that and UPL chose not to comment on the article detail of 2 days ago and if so clearly puts them in a precarious sitaution. Without it, cash value £3m/$4m. |
Posted at 20/6/2024 06:08 by michaelwhight 20 June 2024 UPLAND RESOURCES LIMITED("Upland" or the "Company") PSC, Investment Partners, Sarawak Company Engagement & SK334 Progress Update Upland Resources Limited (LSE: UPL) is pleased to announce the following update: PSC & Investment Partners May 16th Upland confirmed that we are engaged with PETROS to finalise Upland's application for a Petroleum Sharing Contract (PSC). The Company awaits approval. May 16th the Company also confirmed letters of interest from two potential partners. These are now at the stage of detailed terms of reference subject to contract. Sarawak Supplier Engagement The Company is committed to maximise the participation of Sarawak companies on SK334. Upland is therefore pleased to confirm the following companies have been shortlisted and selected to work on Block SK334. · Environmental Impact Assessment - Sarona Konsult Sdn Bhd· Site preparations & civil works - Zecon Bhd· Civil and Structural consulting - TKY Consultants Sdn Bhd· Mechanical & Electrical consulting - Perunding KAZ Sdn Bhd· Early Production System and Mechanical Installations - Brooke Dockyards & Engineering Corporation· Geological and Geotechnical consulting - SI-Geospec Sdn Bhd Specialist International Supplier Engagement · Basin modelling & Pore pressure prediction studies - Schlumberger· Pore pressure analysis, Seismic risk profiling & Production scale mapping - ACT Geo SK334 Progress Update Upland is pleased to provide a detailed Progress Report for Block SK334 Onshore Sarawak further to the update of 28 March 2024. The progress report is now accessible on the Company's website at the following link: https://upland.energ |
Posted at 29/5/2024 21:37 by zengas Thanks SpangleRe the PSC and my estimates. That's relative to UPL plc shareholders in having that net share of reserves/value . There's very little detail other than 2 people on the bigoil.com website or in the prospectus that i could see. Upland and Big Oil formed the JV company 'Upland Big Oil Sdn Bhd which will apply for the PSC (owned 45% by Upland/55% by BOV stand to be corrected). 4 directors from BigOil Ventures and 2 from Upland Res and the Chairman and MD from Upland Resources sitting on UBO Sdn Bhd. It was formed so as to look favourably on winning a psc for local content ? Will the Sarawak govt allow or relax that to be changed in favour of Upland owning more or all of the JV company ? I always wondered why a JV company was needed by the govt but it's their way. But if you owned 55% of the JV company why would you give it up especially if at the farmout stage a farminee could/might carry the JV company anyway through x amount of wells as the psc will be awarded to them ? Only other sticking point is the Petronas issue in not fighting against this award by Sarawak which could be part of the legal dd process. |
Posted at 29/5/2024 13:22 by zengas A lesson for you richsifLBEs update today relates to the delay by the operator Equinor in bringing on 2 drilled wells to the main hub and a cost over-run for its Norwegian JV. By the way, Can you show me one presentation where UPL have detailed the asset, location map to other discoveries, structure other than report after report of pictures of them sitting in chairs looking at screens while info is painfully slow on the actual PSC ! You actually have to look at other oil/gas Co websites to see what potential UPL may have because so far they've shown not one detailed presentation yet on what they have or what they will have post PSC award and net interest. Might pay you to do some actual research because i believe they'll be looking at potentially multiples of Kertang in terms of possible recoverables with the same risk profile to UPL and not an out and out exploration play as UPL. The onus on here is to find hydorcarbons recovered when they do drill here because there is nothing else to fall back on. LBEs Sarawak 2A block - Kertang prospect with DHIs, brights, gas cloud and multiple samples = 9 tcf estimated (1.5 BBOE) recoverable. Todays update - "Additional, significant prospectivity on Block 2A has been identified. Two areas of interest have been delineated: firstly surrounding the Kertang structure, where several large structural closures analogous to Kertang have been mapped and secondly in shallow water, in the southwest of the block, where the continuation of a play that has seen several notable recent gas discoveries made in younger, shallower horizons to the south of 2A. Following recent increased interest levels in exploration for world-scale fields, multiple large companies have approached Longboat regarding Block 2A." LBE will also farm down from their current 52.5% to around 15-20% i expect. LBEs m/cap is £4.56m. UPL £44m. UPL retreated from over 4p mid 2018 with 456m shares. Languished sub 0.5p - 1p range for 3.5 years. No other assets now than exploration only . Trebled it's shares in issue to 1324m with warrants still to convert and about $4m in cash awaiting the farmout and PSC. More cash is a certainty down the road. Both UPL/LBE have the Sarawak potential for $250m/£200m - $500m/£400m value based on a net 80-160 mmboe discovery at just over $3/boe. UPL current shares in issue 1324m = 15-30p potential (M/cap £200m - £400m) versus 3.3p today = 5- 9X upside if successful for that level. I expect either LBE could sell off some or all of the Norwegian JV or potentially double their shares in issue from the current 57m to around 115m possibly and bring in a similar cash amount. Also have a sizeable fully carried interest in a Norwegian well with 56% COS Q3 along with a number of others progressing. Same Sarawak value prize of £200m - £400m value prize for LBE even on 115m shares (double todays amount of 57m) = 175p - 350p (£200-£400m m/cap) or 20-40 X for same money at play as ever. The same lesson was learned here at 4p in 2018 then languishing at 0.5 - 1p for the next 3.5 years, tripling of shares in issue and now pinned on one asset that offers hope - but as yet until the psc comes, cpr comes, a farminee with deep pockets, the net remaining interest for investors is known, nobody knows what level of potential they are buying into full stop. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
