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| 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% | 3.225 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.225 | 3.225 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 30/4/2024 22:50 by argyle underclap Great posting as always from Zengas on lse thread. (thanks Zengas i hope you dont mind me reposting here) Well worth a follow...Zengas: "Imo ideally you want a major farmout with a committment for 3-4 exploration wells. At 4p it was a £50m m/cap with barely £3.4m of funds. If UPL go it alone with the limited funds they have, it becomes a one shot wonder on the outcome of that one well and a long way to fall on a poor result if no back up funds, thus likely heavy future dilution. A 3-4 well farmout deal would prevent that to some extent unless all wells were failures and investors sit each well out. Need the CPR, the COS on the well and more meat on the bones re derisking but with the limited funds, a farmout is the only way to go." Also today... Zengas: "On the 23rd March i posted about needing cash but was immediately tackled by Flip Flop saying 'oh here they come' and assured us in print that the board told him a placing was 'lies' and 'we'll silence them' - Strange his posts are all gone. I'd be wary of these telegarm groups trying to control info, re-spouting it here and just trying to remove any relevant questions just beccause it may be deemed negative to those that wont ask serious questions. Other than the funds, The same questions still stand in my 23rd March post more so as i see they haven't "No funds that i can see for drilling so they'll need a farmout - they've since indicated in an RNS 22/1/24 which wasn't out there before officially that i could see. Is that happening conditionally ahead of the PSC award if won and on farmout how long before that partner is ready to go, requirements/stipula Also will they shoot any 3D seismic - they have absolutely none. Will a farmout partner want this first or take a chance on the very limited 2D lines they have commiting drilling funds on limited seismic - thus pushing drilling activity back ? Also the warrants/options in play have this potentially reaching 1.5 billion shares in issue and i don't think that's enough to run the company (3D/Drilling) without that farmout. It's fine when the PSC is awarded but - then need an oil in place estimate when it comes and an independent CPR (not the company estimate) but a RECOVERABLE estimate is needed more so to go on and the biggest point of all is - how much left relative post farm out and then net to UPL considering the JV status. On the project schedule there's nothing on actual drilling by the end of Q2/end June other than Partner & Strategic engagement on PSC til end Q2 - what's that actually mean ??? Acquire 3d next ? Drill without it ??? Maybe a clue that the seismic matter could hold this back as item 3 objectives is - "Design new seismic acquisition plan and/or other feasible exploration tools for execution in future De-risking activities". These are questions the board haven' t answered in any presentations and it could all dither on til Q3 Q4 or early 2025 before spud ?. The monthly progress report presentation is poor on facts that actually matter. ' ----------------- As of today 30/4/24 now potentially 1.6 billion shares fully diluted. It will surely mean a further rise at some point as about $3.7m net from the raise will not cover all. Latest presentation doesn't go beyond end June and no drill shedule - stuffed with photos but light on significant info that matters - therefore what slot or when will that rig be available for a designated slot. Is it cold or warm stacked ready to move ? Will it sit around earning no money until UPL/Govt decide to give the well go ahead ? |
Posted at 28/4/2024 14:41 by richsif Emmm, no it’s not lol. Did you even read the RNS? I will help you out…."I am very pleased to welcome two respected institutional investors in the natural resources sector onto our share register together with our new Joint broker OAK Securities and the support of one of our largest strategic shareholders” Key words = TOGETHER WITH Get it!? |
Posted at 22/4/2024 08:03 by haggismchaggis Lots more news coming soon too.."The company has a busy schedule of over the coming days and weeks, we remain committed to keeping our investors well informed, and we look forward to updating the market further as progress develops." |
Posted at 28/3/2024 08:47 by haggismchaggis The update is totally unambiguous. No investor can have any doubt about what UPL are doing, or what news flow to expect in the near term. UPL can't make it any clearer.SK334 Exploration: Progress Report & Next Steps· Drill crew & Project teams identified, contracts under review.· Onshore drilling rig Inspection completed on 26th February 2024 at Sviadnov, Czech Republic, as part of SK334 drilling rig selection and operational preparation.· Pre-drill work programme developed for accelerated drilling programme.· Commencement of formal farm-out proceeding with interest from strategics reviewed, shortlist now being finalised.· Planning & scheduling of anticipated works with PETROS.· Engagement on PSC work scope with PETROS.Following a successful week spent in Sarawak in March progressing and finalising the PSC framework, and further to the announcement made on 5th February, Upland and PETROS are now in the final stages of deliberations on the PSC award and framework.Bolhassan Di, Upland Chairman and CEO commented:"Full focus is now on our intended high impact drill campaign onshore Sarawak. We look forward to updating the market on the lead prospects for Block SK334 as well as licencing and contracting arrangements in the coming weeks as we scale up development on Block SK334 in Sarawak." |
Posted at 26/3/2024 08:14 by spangle93 Henry - yesI'm referring to an overall corporate investor presentation, to introduce the company in a succinct way to those who maybe want a holistic picture of its objectives, USP, management, assets, upcoming share price triggers, etc. The monthly report isn't that. |
Posted at 25/3/2024 16:00 by spangle93 Hi ZENGASHmm, I'm sorry, I don't think I can answer too many of your questions. Other people who read this thread are closer to the chairman, and might be able to shed more light on things... Over to you The UPL website is, well, there are earthier words, but let's just say other companies make it a higher priority to be up to date, comprehensive, and accurate. The last investor presentation I have is dated September 2020, and that's no longer listed on the site. Brooke was mentioned in that, as being a source of access to opportunities. But Upland doesn't come up in a search on Brooke's website, and while there's no search facility on UPL's (hum), Brooke isn't mentioned in any of UPL's last 3 annual reports. I guess I'd assumed, even before starting to search, the Brooke alliance had died even before the award of the JTS. It did seem a bit of a strange deal, based on the respective size and core skills of the two organisations - perhaps it depended on personal relations of people who are no longer on the BoD. .. As far as I'm aware (though happy to be corrected) there was no communication by the company that the right to deliver a JTS was solely awarded to Big Oil. Nor do I believe that the award of a JTS precludes others from being considered for the PSC - on JTS award, the chairman noted "We believe that the outcome of the Joint Technical Study will give Upland an advantage for the subsequent stages in Block SK334." An advantage, rather than sole rights to be considered. Based on what I know about PETRONAS, they are an organisation that is more designed to consider higher risk, higher reward, primarily offshore licences. While the link between PETROS and PETRONAS may not be totally opaque, I don't think corporately, PETRONAS would be interested in SK334, at least at the exploration stage. There isn't really a European equivalent of a state oil company where the state has onshore licences, so the best I could do would be to suggest it's like BP wanting to muscle in on Bramhill's West Newton play. I hope I don't have to eat my words! Perhaps there's a clause being considered in the PSC that offers PETRONAS back-in rights if commerciality is proven, but UPL might struggle with the cash flow to fund a developmeny anyway. Though by that stage, the share price will be £1, so it wouldn't be much dilution ;-) |
Posted at 22/1/2024 15:12 by haggismchaggis Upland Resources Limited (LSE: UPL) is pleased to announce the formation of a Finance and Investment Committee responsible for advising the Upland Board of Directors on activities related to the Company's assets. This underscores the Company's commitment to effective management on workstreams such as Block SK334.The Finance and Investment Committee's mandate encompasses a number of critical functions, including the oversight of joint venture funding offers which the company has received, preparation and oversight of formal farm-out proceedings, reviewing strategic interest on Block SK334 and unsolicited funding/farm-in offers.The company is now in the clarification stage of the PSC process, pre drill activities have commenced, a new illustrated project overview will be outlined to investors in the January shareholder update.Upland Resources is well financed to meet its work commitments, and appreciates the continued support shown from strategic partners and cornerstone investors. |
Posted at 03/11/2023 09:57 by haggismchaggis It's undeniable that good and frequent updates are much better for investors minds than silence for longer periods which create baseless worries and concerns on whether any progress is being made, and gives shorters ammunition to scare investors into selling..This is a great update, it confirms that tangible progress is being made, and by month end the price should be a lot higher.. |
Posted at 30/10/2023 12:03 by throwingmuses From a global resource perspective, Upland is also uniquely positioned to open new plays in Block SK334 in Sarawak and return very significant value to investors.We are fully focused on building significant value for our investors through the execution of our defined strategy being the successful development of Block SK334. For the benefit of those new to the company, this reads to me like.... If you thought Limbang was good, wait until you see Lawas. As if 1B+, plus gas wasn't enough, look to the east for the next phase. This is a mid cap co in the making, currently trading at a pittance. The rise will be epic, all anyone has to do is look at what's coming in the next few weeks and get their calculators out. |
Posted at 25/10/2023 15:31 by oilisgold 20th November is the day for many investors now. From experience if the bidder was to make another bid it will not go down to the wire. I say that week will be huge for UPL investors. If you bought around 5 to 8p then i suggest just stay put and ignore these boards. You will only find here armchair CEOs , shorters , derampers and rampers.If we do get a formal offer , which i believe we will, it chould get the share price closer to offer price. Its tough but the rewards are worth the risk. |
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