Upland Resources Share Discussion Threads

[spangle93] 03/8/2018 09:57

I'm sure we'll be able to get very excited once we are allowed to know more about Tunisia, but just to note that the quote "Up to 1 TCF gas potential in open acreage" that has been used to give an idea of North Africa prospectivity actually referred to Morocco, not Tunisia.

[cashandcard] 03/8/2018 09:51

Zengas,


I think the Tunisian asset is well located. Not KH, which I was fearing, a tight oil asset on the Libyan border, rife with difficulty & security risk. Much better located license in the north with good strategic access to commerce/industry hubs and, importantly, the TansMed pipeline. SS did mention there is potential to discover 'big things' so being close to that is great positioning.


Cash

[tburns] 03/8/2018 09:45

Thanks for that synopsis Zengas, reinforces why we are all here

[zengas] 03/8/2018 09:18

The last placing supercedes that broker note of May - so expect a new one soon given we've now got a substantial licence with a gas discovery.

The company has almost $12m of available cash including the loan notes.

With the extra shares in issue, the 72p that is quoted for Wick fully diluted basis would become 57p.

Now with the Tunisian licence and an existing discovery - Gas prices are excellent v costs and using $6/boe (ie $1/mcf) or less than 1/3rd of what Sound Energy is using - a 250 bcf discovery would be worth 37p - 148p for 1 TCF (and the intention to add more acreage).

With a deal from the MOU in Sarawak to come, who knows what value there ?

Hardstoft probably 1.5p - 2.5p with some upside beyond the 2P/2C on the 3P/exploration upside.

With the exception of Hardstoft, only one asset needs to come good to deliver significant value imo and I have always believed that bringing in a large asset/licence with a discovery and therefore somewhat derisked as the CEO said, we should be closer to 10p given the scale of these.

[poppet123] 03/8/2018 09:13

I am in for more this morning, well...... It would be rude to miss this party.

[tyler90] 03/8/2018 09:13

Pre-drill Wick (with no further news on Sarawak or Tunisia), what do folk reckon?My guess is 12p

[trulyscrumptious] 03/8/2018 09:06

Amazing, we are #8 on the leader-board for top gainers!!!

[argyle underclap] 03/8/2018 09:03

Wick. Tunisia. Sarawak. All potential belters in their own right. And Wick alone on success has BN target of 72p.

Also Morocco prospect being assessed.

[maverick247] 03/8/2018 09:01

Yep real company developing here with time taken to find real assets

[argyle underclap] 03/8/2018 08:58

Hats off to the doc, he knows how to run a company. Lots of nonsense elsewhere.

Not here.

[cashandcard] 03/8/2018 08:54

Morning All,


Grabbed a few more. Yes, the market is finally starting to take notice of the upcoming Wick well. Forget Sarawak or even Tunisia, this well alone has company making potential if successful. Just look at those numbers.


Cash

[thejaba] 03/8/2018 08:54

there will come a time when this will go up in 0.5 and 1p chunks

[yogaboy] 03/8/2018 08:51

Noooooooooo! Not yet, pleeeeease! Aaaaaaargh!!!!

[argyle underclap] 03/8/2018 08:49

Tburns - I bought a few more this morning.

[thejaba] 03/8/2018 08:48

The Broker Note is truly amazing, even with nothing allowed for Tunisia in it.

[tburns] 03/8/2018 08:45

Just re-read the broker note AU and upside is staggering on a successful drill with a COS of 40% and an uncomplicated drill as things go, sky is the limit here

[michaelwhight] 03/8/2018 08:40

O/T Yes. I was out at 29p when the shorters got a hold. Could see money arrive here now to regain losses. Almost in chart breakout here.

[argyle underclap] 03/8/2018 08:39

72p successful fully diluted share price target for Wick...

“This is equivalent to 72p per share on a fully diluted basis, a huge uplift on the current share price in the event of a successful exploration well.”

See Broker note just made public.

[hulltiger] 03/8/2018 08:36

Good morning all,another 100k for me.With the news out of Tern this morning, for once in my life I did the right thing, by taking a decent chunk off the table and investing here.

[argyle underclap] 03/8/2018 08:26

Edit - Beat me to it doughty! U win!

[tialouise] 03/8/2018 08:26

Morning I've added 250 k not showing either xx

[tburns] 03/8/2018 08:23

Morning all, just added 400k at 3.6144, will show in an hour I reckon.

[doughty] 03/8/2018 08:20

broker note now public...

hTTtp://uplandres.com/wp-content/uploads/2018/08/Analyst-Coverage-Optiva-Securities-Company-Update-30-May-2018.pdf

[henrymcivor1] 02/8/2018 21:55

Twitter group is busier and more instant than a forum, it's like real time chat. Can post daft and serious pictures. Post charts. And a lot of off topic laughs.

[argyle underclap] 02/8/2018 21:47

Just a Different group of individuals doing their own reaserach offering different opinions and angles etc.