Upland Resources Share Discussion Threads

[stark industries] 18/7/2018 13:54

Lol I just sneaked another 100k while it's quiet

[yogaboy] 18/7/2018 13:52

Can we please keep the price down a little bit longer? I'm expecting a postal order from NCCL by the end of the month ;)

[doughty] 18/7/2018 13:44

Back to level on the day !

They are listening to Argyle ! ;-)

[garbut] 18/7/2018 13:43

Couldn't get a firm price for 25K just now. I had to fill or kill order.
Took 5 minutes but order now filled.

[argyle underclap] 18/7/2018 13:40

Hultiger yea can often be so. Big names, big personalities, big egos suddenly being told all change. Often not easily accepted. But now diff here tho I feel. The cat is well and truely out the bag no fat back handers to keep the status quo. MA63 makes sure of that - and the mass groundswell of people and emotion behind it to enforce it

Times they are a changing.

[hulltiger] 18/7/2018 13:29

Argyle, in these sort of situations, as was the case in the Sudan, the biggest stumbling block was that ugly word...CORRUPTION..Who knows what has been going on and now the people want their share.

[hulltiger] 18/7/2018 13:25

Well done Argyle, however the investment community will require some reassurance from the company. In the meantime good news from North Africa and Wick would help. Funny how oil has the reputation of bring the worst out in people, nations ect. I lived for many years in the Sudan and the problems that the discovery of oil caused, before and after the creation of South Sudan. Still looking good with UPL.

[argyle underclap] 18/7/2018 13:17

Divmad - I prob think it fair to say in more recent times it’s increasingly dawned on Sarawak that they’ve been ripped. and Now feel able to stand up for what is legally theirs

Maybe they were originally bullied into it, maybe some bully boy tactics still prevalent today hence lingering Petronas presence on the matter.

[divmad] 18/7/2018 12:53

...before now, I mean. Errr, like in 1974?

[divmad] 18/7/2018 12:53

"The 1974 Petroleum Development Act that gave exclusive rights to Petronas is rendered defunct and invalid by MA63"

So why has Sarawak or Sabah never deemed it fit to challenge this PDA 1974 Act in the international court of law?

[stark industries] 18/7/2018 12:39

Argyle you da man Top stuff all round :)

[thejaba] 18/7/2018 12:32

not only do you know your O&G Mr Clap, but you are a legal eagle too....impressive

[argyle underclap] 18/7/2018 12:30

Sarawak could infact turn the screw on Petronas big time if it so wished.

A very sound case can be made that Petronas cease all its oil and gas operations onshore and offshore immediately; claim for damages to be assessed from the date Petronas entered Sarawak.

PDA 1974 was, and is, in effect, illegal.

[thejaba] 18/7/2018 12:21

brill posts last couple days, especially today.

We need to bear in mind that this BOD is incentive mainly through share price appreciation. they take only £100k between them as salaries, but the higher the share price goes on any deals they then rake it in, in the millions.

[doughty] 18/7/2018 12:18

...all good...news on how we fit into the new order will be most welcome...and v interesting :-)...and lucrative !

[argyle underclap] 18/7/2018 11:58

These are the simple facts and why Petronas has absolutely zero chance.

31/8/1957. ‘Federation of Malaysia’ formed. (Excluding Sabah & Sarawak)

1963. Malaysian agreement MA63 incorporates Sabah and Sarawak to form Malaysia

MA63 is an ‘international law’

The 1974 Petroleum Development Act that gave exclusive rights to Petronas is rendered defunct and invalid by MA63

MA63 can only be changed if Sabah and Sarawak and the federal government and the United Kingdom choose to do so. And we know that is not going to happen.

Petronas are powerless

[doughty] 18/7/2018 11:54

....and in the meantime we have Wick to salivate over...and NA news any day !

[doughty] 18/7/2018 11:52

...we just have to trust SS and the BoD to deliver on the huge effort and energy that they have put into Sarawak over the last couple of years...its almost pointless speculating here whilst the wheels within wheels turn on a different continent

....the company was almost set up specifically for Sarawak...they must have a master plan and in tandem with the government and Brooke are busy implementing it

...the longer the wait...the more patient we are...the higher the reward....there are richer...cleverer people than us sat patiently invested !

[argyle underclap] 18/7/2018 11:50

SaucyCopperpot - Excellent link ta. Confirms Petronas has NO legal basis to challenge whatsoever.

[copperpot] 18/7/2018 10:52

This excellent link is from J123 on lse board. I hope he/she doesn't mind me posting it here.


hxxps://asklegal.my/p/5-facts-about-the-malaysia-agreement-1963

[argyle underclap] 18/7/2018 09:57

Still No fresh challenge from Petronas. No challenge = nothing to defend. My strategy for what it is worth is for Sarawak and Petros to push ahead and see what Petronas do. Which I suspect will STILL be nothing. At worst if Petronas do challenge at least they have been forced to show their hand.

Worth noting Petronas were quick to challenge back in June, (when it got thrown out of court) but not quick to challenge now. No leg to stand on comes to mind. Whichvis what all the rhetoric coming out of Sarawak indicates

[doughty] 18/7/2018 07:03

1.
It HAS to be sorted out... for everyone's sake not just UPL/Brooke...that is a good thing...EVERYONE needs clarity and to be able to move forward.

2.
This current situation was always going to happen...and SS's statement that it is happening much quicker than anticipated mirrors Sarawak's desire/confidence to bring things to a head sooner rather than later.

Am V V relaxed about it...with one eye on Wick :-)

[copperpot] 18/7/2018 06:36

Petronas v Sarawak.....

hxxp://www.theborneopost.com/2018/07/18/essential-to-resolve-ongoing-scuffle-between-petronas-and-sarawak-analysts/

[2prsimo] 17/7/2018 15:39

Good post cash - always good for an oilie to have a good spread of assets as evidenced by the Malaysia situation - hopefully NA news will be released soon too.