Upland Resources Share Discussion Threads

[copperpot] 22/7/2018 20:51

Hi Argyle,

Just read the link from your last post, and what a great read it is!

We (UPL) really are rubbing shoulders with the right people/companies in Sarawak.

[argyle underclap] 22/7/2018 16:06

From Jan18, don’t recall reading this before...

Brooke Dockyard confident of helping state participate actively in O&G sector



The Sarawak MoU between Brooke and UPL followed on the 13th April 2018

[argyle underclap] 22/7/2018 12:59

I wonder...Sarawak Independence Day today, Brooke Dockyard/UPL/Petros to really get the ball rolling tomorrow? Nah, it couldnt happen, cud it? Lols

[argyle underclap] 22/7/2018 12:51

Hi Copperpot - no worries pal. Firm but fair talk from the Sarawak chief minister bodes well :)

[copperpot] 22/7/2018 12:40

Hi Argyle,

No probs mate. I knew it wasn't a new report, but didn't realise it was that old. The report from today looks very promising. I popped your first link on the LSE board, hope you don't mind!

[argyle underclap] 22/7/2018 12:03

Today. Sarawak chief minister speaks at the opening of Sarawak Independence Day...



Sarawak in control of O&G rights. Olive branch extended to Petronas

[argyle underclap] 22/7/2018 11:35

Copperpot - ta for that. just for context for any1 new looking in, that article is from 12 months ago. (July 22-28 2017)

[divmad] 21/7/2018 20:16

An alternative point of view:

hxxp://www.focusmalaysia.my/Columns/the-safer-bet-petros-or-equity-stake-in-petronas

[argyle underclap] 20/7/2018 22:16

It all comes down to how big Sarawaks balls are. The law is on their side.

Petronas and Malaysia are farts In the wind.

Petros legaly rule.

[divmad] 20/7/2018 18:45

The ball is in Sarawak's court, to come out with a strong and clear position on the issue of the 20% of gross revenue or something else, AND on the future relationship of Petronas with Sarawak in its oil and gas dealings. I smell a political rat from PM Mahathir, as words and promises are twisted once power has been won.

[argyle underclap] 20/7/2018 18:31

Sarawak urged to stand firm on MA63

[duplicate book] 20/7/2018 11:53

Seems UPL is currently off the radar.......very low volume so far today.

[doughty] 20/7/2018 10:53

...

"it is the company's aim to reward the shareholders with share price appreciation"

They have plenty of skin in the game and I am with them...

"we have done it before and we will do it again with Upland"

...they are clearly out to build an empire where the reward is a high share price and then a take out...IMHO

I am happy to leave them to it...but also am fascinated by the day to day !

The situation is too complex and has too many permutations to be second guessing a possible share price !

[hulltiger] 20/7/2018 10:31

Good morning all, with good news from Sarawak or North Africa, I would be looking for a £80m to £100m MC pre Wick results. Unfortunately the political situation in Sarawak with regards to oil and gas, has to be resolved before the Wick drill, or it will continue to hold down the share price and only a positive drill result will set it alight. I like the fact we have different "irons in the fire" but it only needs one of those to be troublesome. Lets hope I am totally wrong and the share price motors ahead on pure speculation.

[stark industries] 20/7/2018 09:56

So min 20p should not be an issue here with the right news and we are not a 1 trick pony

[michaelwhight] 20/7/2018 09:51

For me Wick would be the bonus but Sarawak is the main interest medium term. 36% isn't brilliant odds but it's not just about that.

[spangle93] 20/7/2018 09:16

Are you talking expectations or hopes?

A wee reminder that a 36% chance of success at Wick = a 2 in 3 chance of failure

But if the 1 in 3 kicks in as a discovery as per prognosis, then 20p should be exceeded

[thejaba] 20/7/2018 09:12

Stark

If Wick comes news comes in by then and its positive, and we get just brief updates on Sarawak and N Africa, then id say more like 35p plus.

[puzzler2] 20/7/2018 09:04

I'd be very happy with 20p. I've learned not to rely on expectations.

[stark industries] 20/7/2018 08:58

What are investors minimum expectations here share price wise by year end ?20p plus ?:)

[doughty] 20/7/2018 08:31

In the absence of news....UOG have an investor evening on the 25th...they say that they will be talking about Colter so we may get clarification on which way round Wick and Colter are to be drilled Q3 & Q4 this year

[doughty] 20/7/2018 06:56

This story seems to want to run and run !...and a prime minister who does not know his royalty from his profit !

[argyle underclap] 19/7/2018 15:16

Doughty - also the article is a public making good on an election manifesto (re 20%) for all states. Although, for Sarawak, its not applicable because of Self determination thru MA63

[argyle underclap] 19/7/2018 14:01

FWIW I can only see it affecting existing contracts, although a hard line approach by Sarawak via MA63 could in theory enforce cancellation of said contracts, I think that scenario incredibly unlikely as I think there is mutual benefit in keeping all parties including Petronas relatively happy and keep the money flowing from existing contracts. Worst case 5% royalties on existing contracts increase to 20% minimum, maybe even Sarawak insist on more as legally via MA63 the could call existing contracts null and void. So great news for Sarawak.

going forward new contracts can still be awarded to say, Petronas but with terms approved by Sarawak/Petros. I’m sure some other posters on this B.B, much more knowledgable than me in such matters have an opinion on how events might unfold and it would be good to hear and bounce thoughts around as Second guessing certain aspects from 6000 miles away isn’t easy lols.