Upland Resources Share Discussion Threads

[stark industries] 04/6/2018 08:10

People are generally fickle about the markets and most of them lose.The stock market is a great mechanism of transferring money over to the patient from the impatient.Take advantage of their impatience:))

[cudmore] 04/6/2018 08:06

Why anyone would be selling these now is madness. The future is looking huge here. Some people clearly shouldn’t invest and go down the bookies instead

[doughty] 04/6/2018 07:34

....well its a bit weird...and misleading...and the bid/offer does not represent the true market...neither does the mid price...with all ( well all three trades plus my buy last Friday ) trades being transacted well below it !

EDIT:...all corrected and another little nibble !

[argyle underclap] 04/6/2018 07:14

Maybe diff MMrs.

[doughty] 04/6/2018 07:09

The strangeness caries on from Friday afternoon...one can buy for 3.25p but sell for 3.26p !
( actual spread 3.2p - 3.4p )

I can understand a glitch for as few mins but to carry over to another trading day is v odd.

I don't know how to read that at all.

[euclid5] 03/6/2018 11:35

Cashcard, excellent post & hope that is what UPL are seeking - it will be the best no dilutive route to oil in Sarawak & do agree with you here, as some of the appraisal marginal fierlds my be expensive to develop

[doughty] 02/6/2018 20:30

...and to be good for Sarawak it needs to be generating revenue :-)

[doughty] 02/6/2018 20:26

...and..."this will be not only good for us but good for Sarawak too"

[argyle underclap] 02/6/2018 20:18

Absolutely. Very telling words from our CEO Re Sarawak: “there is a lot of news flow to come.”

If that isn’t a heads up I don’t know what is.

Edit: I’m hearing the first draft read, “there is a lot of OIL to come.” ;)

[argyle underclap] 02/6/2018 19:43

Doughty: “I feel that the Sarawakian deal will be structured over a long period of time ( not just one hit ) and our first mover advantage to align ourselves with Brooke will pay dividends over a long period.”

I’ve thought that all along. It could be a long gravy train for all parties. the current market cap of £15M attributes no value whatsoever. The MoU is riding for free. At some point it would be reasonable to expect to see that change, rather dramatically, I suspect, as Brooke and UPL are not there for the small potatoes.

Will it take the first ‘deal’ to get the ball rolling? Or will the market attribute a forward hope value beforehand? The good news is whichever way it plays out the likely end result is a very juicy win indeed.

[soulsauce] 02/6/2018 16:50

Yes let's hope so.

[doughty] 02/6/2018 15:13

...but its true !

[soulsauce] 02/6/2018 14:45

Lol calm down mi old mucker 😁

[doughty] 02/6/2018 13:26

UPL in Sarawak = a kid locked on his own in a sweetshop with no cash register !

[cashandcard] 02/6/2018 13:08

Euclid,I would imagine they'll be screening for the most economic & best potential assets. That may well be a 5-10mln field in need of simple rehab/workovers as opposed to a 30-40mln field that requires substantial upfront drill capex and infrastructure before it can produce.Cash

[euclid5] 02/6/2018 13:01

Yes I recall, am ceratin they will a few of these marginal fields, huge potential when you think they just need appraising & there is about 600mmbls rec oil on fields of 30mmbls OIP recall x 30% RF - 10mmbls each field

Just hope the capes is not high to develop / appraise each field

[argyle underclap] 02/6/2018 12:57

Euclid - hi, yes, re 200+ I was referencing that, cheers

[euclid5] 02/6/2018 12:47

Hi Argyle,

Was the 200 plus wells in Sarawak, from the link I posted a few weeks ago?

Think the figs were 600mmbls rec oil in onshore wells with marginal fields

Thanks

[argyle underclap] 02/6/2018 12:25

Doughty - good posts, obviously CEO deemed the tweet relevant enough to post

Three things come to mind. 1) Tweet gives back story and reasoning to the increase in outlay at Wick, albeit with flip side potential increase in asset value.

2) re-evaluation of previously non commercial opportunities, now a viable option, with Sarawak obviously springing to mind with 200plus Wells not yet monetised.

3) producing or near term producing asset(s) now more attractive acquisition for Upl and or Upl/Brooke.

Edit - also, an additional quality of Upl, inherent because of its small size and great detailed foresight of its management is its ability to react quickly to the ever changing landscape, this time the increase in oil price. I get the feeling UPL/Brooke might now move to initially exploit existing opportunities in Sarawak before looking for new prospects. Just thinking aloud!

[doughty] 02/6/2018 11:54

...people WILL wake up to the UPL back story soon !

[doughty] 02/6/2018 11:52

...and I listen to the podcast over and over again and re Sarawak I don't think peeps quite get...

A)
Just what a very unique and enviable position UPL are in to be partnered with a Sarawakian enterprise just at the right time...when the political masters are favouring Sarawakian companies and those partnered with Sarawakian companies. We are the only upstream O&G company in that position. This could be down to good management but also a big slice of luck...which you need.

B)
That we have already been working in Sarawak for the long time...and the CEO appreciates our patience. I think the longer it takes the better the deal will be...they are working very hard for them and for us in the background.

C)
I feel that the Sarawakian deal will be structured over a long period of time ( not just one hit ) and our first mover advantage to align ourselves with Brooke will pay dividends over a long period

D)
It could be massive over a long period of time...a real cash cow and something that could drive the share price to a life changing place...if you can hang on long enough


:-)

[doughty] 02/6/2018 11:42

Of course Argyle...if one looks at the Wick cost overrun compared to the potential gains
due to the higher oil price now compared to when the slide rule was run over the prospect then it is peanuts.

Look at the header above...

"Established with the aim of taking advantage of the team's knowledge and experience, the current low oil price and stressed nature of some incumbents, the Company aims to assemble a portfolio of assets with:

· Attractive risk : reward balance
· Low-cost entry and cheap work programme costs
· Robust economics

In particular, the Directors of the Company strongly believe that the recent climate of lower oil prices has created particularly advantageous conditions for companies such as Upland, with access to capital and knowledge."

Today's tweet is telling us that they are VERY oil price aware...IMHO

Am sure that the rise in the price of oil is pinging up otherwise dormant blips on UPL's radar

[argyle underclap] 02/6/2018 11:23

A sustained higher oil price might now prompt the re-evaluations of previously non commercially viable prospects.

It could make a producing (or near term producing asset) potentially more attractive to UPL

Thoughts?

Lots of opportunities not yet monetised in Sarawak. Was it 200+?