Upland Resources Share Discussion Threads

[spangle93] 21/6/2018 06:21

Interesting comments on the background to Sarawak hydrocarbon legal battle

[stark industries] 20/6/2018 13:58

All aboard the SKY LARK

[thejaba] 20/6/2018 13:50

I would guess activity and trading will pick up a lot from July onwards. Now that Ramadan is over we could get news anytime from Sarawak or NAfrica. The prospectus did say they were in advanced discussions and add this to Dr Staley's comment re: good newsflow in coming months made recently

[doughty] 20/6/2018 12:51

So...up to 25 days drilling time once we get going at Wick...thats not long...it will be an interesting time !



If the spud is on schedule we should know sometime in October !

[doughty] 20/6/2018 11:48

...you are obviously in pleb class then jaba...we may get diverted to drop off a perv...a stewardesses worst nightmare !

[thejaba] 20/6/2018 11:45

grab a air hostess more like!!

[doughty] 20/6/2018 11:44

The extra fuel will be in the tank tomorrow...Captain Staley and his crew will be finalising pre-flight checks...will be closing the doors...taxiing towards take off in what is a busy period...the take off will be a steady climb although a small amount of turbulence is forecast...so buckle up...grab a g&t and enjoy the journey !

[thejaba] 20/6/2018 11:37

Lol @ "Pleb class"

[doughty] 20/6/2018 11:36

Yes...I am business class...away from the troublemakers in pleb class...taking off very soon...destination the far off Eutopia...dropping some people off at various points along the way...for those that make the final destination...the journey will have been worth it !

[yogaboy] 20/6/2018 11:19

We'll all raise a glass on that day JABA :)

[thejaba] 20/6/2018 10:58

on looking at the prospectus it really is striking the number of shares the chairman holds.

Zakaria holds 120m shares in UPL. that's some holding. I would suspect that he will never sell his holding in entirety and his exit will probably be realised on the sale of uplands, a la Cove.

Add that to Bolhassan and Steve Staleys holdings then it gives you an idea that this is really following a potential Cove path...and thy will get the biggest gains on a sale of UPL, whenever that is.

[thejaba] 20/6/2018 10:41

Mines been booked for ages. Had to pay extra for priority + 2 cabin bags (essential for the amount of shares I hold)

[maverick247] 20/6/2018 10:11

Ive booked my seat !

[doughty] 20/6/2018 06:15

Yes stark...like a Ryanair flight...the earlier you book the better value for money...but it can be a bumpy ride !

[stark industries] 19/6/2018 19:15

Just a heads up regarding the broker note from Optiva.....The broker note was only handed out to Corporate Clients / Potential investors with big money :)Wonder how many are already eye balling UPL now and how many are sitting there scratching their heads looking at what is possible.Just remember that these corporate clients are not small fish, they're probably looking for 10s of millions to buy ?Now we have front row seats and are already strapped in for a very busy remainder 2018.I can only see the MMs struggling here to fill those orders from the Corporates ;-)Nice evening all

[spangle93] 19/6/2018 16:48

@Zengas 2999
"Won't be drilling Hardstoft until 2019."

I think there are different views among partners, not just in the modelling (as there are several mentions in the CPR about differences between Europa's model and Blackwatch's view, as you'd expect given how limited and old the data are) but in the timing.

If you look at the June presentation by Europa (25% partner), they have it much further into the long grass.
hxxp://www.europaoil.com/presentations.aspx

Slide 34: 2D seismic acqisition in 2019 leading to drill decision
Slide 35: Possible seismic 2020, possible well 2021

[sja123] 19/6/2018 13:06

Interesting find regards background to legal action taking place re ownership of oil rights in Sarawak...a good explanation of why this may not be settled by the courts in Malaysia, possible reference to a London court or preferably, a renegotiation of the Petroleum Development Act 1974......



Thanks to copperpot on LSE for the link....

[tburns] 19/6/2018 10:36

Should tick up based on current buys I would think

[michaelwhight] 19/6/2018 10:00

Just took a position here. Looking forward to the news flow. GLA

[cashandcard] 19/6/2018 09:02

Sounds good. To get best bang for buck, I would hope they avoid these smalltime onshore UK licenses and fields. That's because they take an age because of planning delays and, whilst lower risk, are simply not compelling in a climate where oil is $70+ and you have councils/Nimbys to contend with (look at wressle). Even now, there are plenty of exciting, sizeable opportunities still within financial reach globally, just look at RBD. UPL needs to cut capital away from these small fry projects and focus on growth. That will come from cheap potentially sizeable assets with production or near term production potential. Don't see that coming from onshore UK.


Cash

[griffon] 19/6/2018 08:20

now up on website

[2prsimo] 19/6/2018 07:30

Slight technical issue - it's in hand apparently