Upland Resources Share Discussion Threads

[stu1210] 26/6/2018 09:49

I thought so but asked in case I was missing something

[tburns] 26/6/2018 09:36

You are not being thick Stu, if you are to take that approach you should minus the 26% from 4.05p getting you to 3p exactly so we are ahead or where we might be but with good reason. The extra shares have now been absorbed into the price which is the main thing and we are cashed up to cover drill costs, all good.

[argyle underclap] 26/6/2018 09:33

Tyler - both priced at 2.5p, the last placing was at 2.5p. Maybe connected to that, how exactly, i dunno.

[tyler90] 26/6/2018 09:20

Can somebody shed light on the 2 x 9m trades?

[stu1210] 26/6/2018 09:17

How do you work out having 26% more shares to give us 26% on the recent high share price? Or am I being thick

[tburns] 26/6/2018 08:48

Thanks parisv, will take a look

[doughty] 26/6/2018 08:30

So this is where I want/expect us to be in the v short term....sp wise only...

sp recent high = 4.05p.

however...recent dilution = +26% more shares.

adjusted new high target = 5.05p ( 4.05p + 26% ).

we are already at all all time high via market cap ( £19m )

we need something more than a share of a thimble full of oil in the midlands... a MOU in Sarawak...a letter of intent re Wick...a promise of a substantial deal in North Africa...and this will fly !

You can see this coiling...you can feel the breath of the people sitting on the sidelines watching...and waiting !

RAMP OVER ! :-)

[parisv] 26/6/2018 07:58

tburns not sure if you're limit order is still going but you can buy 250k at 3.42 so perhaps split them in to 2 if you still want 500k at 3.5?

[doughty] 26/6/2018 05:38

As well as the obvious technical skills required...this company seem to have the requisite patience to see deals through...to get them done. I like that a lot...and have no doubt that they are working very hard in the background for themselves and us...we all have plenty of skin in the game...now bring on the perfect newstorm !

[nlmbidc] 25/6/2018 21:37

Hopefully news on Monday then.

[argyle underclap] 25/6/2018 17:18

Additional to that...

“On 13th April 2018, Upland signed a Memorandum Of Understanding with Brooke to jointly assess, explore for and develop hydrocarbon assets within the State of Sarawak. Brooke, founded in Kuching in 1912, is the only Sarawakian government-owned entity involved in upstream oil & gas, other than Petros.”

[argyle underclap] 25/6/2018 17:13

Yoga - The relevant bits from the 21 May 2018 RNS



“The State legislature will bring into effect the existing Oil Mining Ordinance on 1(st) July this year; under this, existing and new licence holders must apply to Petros for new one

Petros is clearly moving forward with its plans at a faster pace than we expected. Upland remains in a very good position and I look forward to updating the market further as the situation progresses."

[yogaboy] 25/6/2018 16:27

Hadn't thought of it from that point of view Argyle, but you're right and it confirms they'll be ready to hit the ground running.

[argyle underclap] 25/6/2018 16:20

Yoga - UPl CEO did state matters advancing faster than expected so fits ur comments

[yogaboy] 25/6/2018 16:10

Can't help thinking that Petros's best strategy, in the absence of High Court litigation, is to go hyperactive first thing on 1July. If so, that bodes well for UPL.

[tburns] 25/6/2018 15:38

My limit was 3.5p and doesn't look like I got them even at full on the offer

[parisv] 25/6/2018 15:25

tburns, what price? rsp showing 150k, 75k and 50k shares across 3 mm's on 3.5

[argyle underclap] 25/6/2018 15:22

1st July (this coming Sunday), so Sarawak licence news “could” land from next Monday...

And all being well North Africa due now too

[tburns] 25/6/2018 15:18

I have a buy order in for 500k, hope it gets filled, news due on a number of fronts over the next few weeks so this rise bodes well.

[thejaba] 25/6/2018 15:06

think something has triggered this rise. Doughty you could be right buddy

[doughty] 25/6/2018 14:53

RNS tomorrow ?

[2prsimo] 25/6/2018 14:52

Nice bit of late afternoon movement - 3.40p paid for less than 10,000 shares

[walter walcarpets] 25/6/2018 14:48

....and there she goes :-)

[maverick247] 25/6/2018 14:39

Looking really good simply cant see downside given funded wick drill and other deals in the pipe