Upland Resources Share Discussion Threads

[doughty] 10/7/2018 17:04

Argyle...it seems that the legal bridges are rapidly being burned for Petronas...there is a conciliatory tone...an olive branch being offered towards Petronas from Sarawak...they are not severing ties with Petronas...just telling them that the gravy train has stopped...and that the goal posts are being moved...how many cliches can one fit into one post ?...rhetorical

[argyle underclap] 10/7/2018 16:38

Baring Petronas intervention, is that the last regulatory hurdle jumped? Have we crossed the finish line?

[doughty] 10/7/2018 15:57

....and those partnered with Sarawakian companies ?...this looks like it will be looked back on as a very shrewd move by Upland !

[doughty] 10/7/2018 15:54

Another box ticked Argyle...I liked this bit...

“much greater participation by Sarawakians and Sarawak companies in the oil and gas industry in the state,”

[argyle underclap] 10/7/2018 15:41

Good timing Stark

[argyle underclap] 10/7/2018 15:40

Sarawak oil news Today...

SARAWAK AMMENDS OIL ORDNANCE TO STRENGTHEN REGUATORY CONTROL

[stark industries] 10/7/2018 15:35

As I bought earlier

[stark industries] 10/7/2018 15:34

The 3.10s are buys

[cashandcard] 10/7/2018 12:22

Doughty,I stand corrected, that tug as you point out is south of the block entirely. So it may not have any bearing on Wick ops.Cash

[jon1962] 10/7/2018 11:20

That's a hefty stake Ivor.Have they got a North African prospect in mind that they are trying to get a permit for?

[ivortex] 10/7/2018 11:04

Great to be reading positive comments about Uplands. I first invested in Upl mid 2016 and only seems to have only grown (as expected). Over the next few weeks i will be increasing my stake in the company to 2.9%.

[doughty] 10/7/2018 10:57

I have no problem with a delay into Q4...for the right result :-)...and UPL can only update us when the operator informs them

[michaelwhight] 10/7/2018 09:59

Sure. It's no problem. When I saw that Upland had brought the timeline forward I thought they sounded confident of quick progress and perhaps they still are. Just pointing out that a slight delay would not be out of kilter with original estimates.

[tyler90] 10/7/2018 09:55

There is always a chance of slippage in the O&G sector because there is so much reliance on external contractors, weather (not at the moment I expect) etc.UPL are good at comms and I am sure they will keep us updated.

[michaelwhight] 10/7/2018 09:32

https://upcomingdrills.comThis states Q 3/4 and I read early estimates of Q4 but can't put my hands on it just now.

[yogaboy] 10/7/2018 09:18

It's always been September, doughty.

[doughty] 10/7/2018 08:29

The placing prospectus says third quarter and I saw "September" somewhere else but just leaving for a meeting and don't have the time to research/post that

[michaelwhight] 10/7/2018 08:24

I can see this being pushed back tbh as the original timeline for Wick was Q4. We will see, it makes no difference really.

[doughty] 10/7/2018 08:20

I made an overlay map and posted it back onto twitter...



The track of the vessel and the Wick prospect appears to be not in the same location

[doughty] 10/7/2018 07:52

Cash....a "more comprehensive seabed survey" was one of the reasons for the cost overrun if you remember?

Corallian will have to sign up a rig pretty soon if they are going to spud in September as announced...the further required seabed data may be what is holding things up...right choice of jack-up rig etc ?

[cashandcard] 10/7/2018 07:41

DoughtyThanks, looks to be in the right location for Wick. Let the operations commence.Cash

[doughty] 10/7/2018 07:09

...whether a twitter fan or not this worth a look ?...

[henrymcivor1] 09/7/2018 21:33

And a lot of transfers of cash from the impatient to the patient.. (c) Mr Buffett.

[stark industries] 09/7/2018 17:35

ISA transfers still going on here :)

[zengas] 09/7/2018 16:58

No worries Argyle. Some small adjustment with the last placing but potential as strong as ever.