Upland Resources Share Discussion Threads

[argyle underclap] 07/8/2018 14:05

I’ve of the opinion the more favourable exposure the better. Whatever the source.

[trulyscrumptious] 07/8/2018 14:04

Upland Resources
I wanted to catch up with Steve Staley, CEO of Upland Resources following their recent announcement of a farm-in with Corallian Energy for a 40% WI in UK block 11/24b which contains the exciting Wick Prospect and managed to get some time with him this morning. Apart from some UK onshore with Ineos I hadnt really done much work on Upland but SS has a fantastic record in the industry so should be watched very carefully.

Upland have done a lot of prep work on this licence and plan to drill the prospect in late 2018 but with an estimated in-place P50 resources of around 250m bbls it may well be worth the wait. The key risk that has been identified I understand is the fault closure but apparently if the faults seal then this is a very big structure indeed, in fact his words were ‘it sticks out like a sore thumb’.

Fans of Reabold Resources will have more than a passing interest in this as they now have an interest in Wick following the Corallian investment, although guarded about anything until the deals are funded and signed I suspect they are quietly very excited about 2018…

hxxps://www.malcysblog.com/2017/12/oil-price-savannah-petroleum-upland-resources-link-finally/

[cashandcard] 07/8/2018 13:48

Spangle93,


I echo your sentiments. He is not an oil & gas analyst in the same way you'd have at an investment house. However, he certainly does have access to the people that matter and can occasionally get them to speak in a little more detail about their projects plans etc.

One other point, his 'bucket list', even with a number of failures, has delivered great returns since oil started coming back in the latter half of 2016 (but then which oil investor has not reaped rewards since then?). Even now, I expect his porty to pay better than a good divi paying stock. The truth is, he has garnered a following and his overall bucket-list portfolio benefits from the crowds he draws in. To me atleast, that is an inefficiency that eagle-eyed investors can exploit if they position themselves carefully and do not want to go sole risk on individual stocks.


Cash

[argyle underclap] 07/8/2018 13:46

Cheers Spangle.

Divmad - Re waistline Do u think he could contain 1TCF? A walking gas prospect?

[2prsimo] 07/8/2018 13:43

I like Monty Don (and Nigel & Nell - his two retrievers)

[doughty] 07/8/2018 13:41

...I dont rest on formal qualifications...if he gets the job done thats good enough for me...it sounds like he is v influential and if he likes what he sees it can only be good for the share price ..albeit his followers may not become LTH disciples like us ?

[divmad] 07/8/2018 13:39

He needs to watch his waistline. Too many free City lunches. Then you are surprised he never comes out with anything objectively cautious!

[spangle93] 07/8/2018 13:32

Arygle/Doughty -
Malcy makes a fine living reproducing RNS's for his followers, and trying to explain daily oil price movements. AFAIAA he has no technical or practical industry background, other that the above. A bit like Monty Don and gardening. This explains why he often gets units for reserves and flowrates wrong.

With another company I follow, there was a big debate as to whether he's paid by the companies to promote them - I don't have a strong view either way.

However he gets invited to speak with CEO's and go on jaunts to oilfields. Which, as far as I can see, is the best thing he offers ... access to people to ask questions we wish we could.

[argyle underclap] 07/8/2018 12:55

As per Starks post this pm, Malcy is off to meet UPL today...

I’m off to see Steve Staley, CEO of Upland Resources and a huge fan of Wick amongst others. 4:36 am - 7 Aug 2018

[argyle underclap] 07/8/2018 12:40

Last week (1st Aug) Malcy resolves to meet UPL CEO...

“Upland Resources
I don’t formally cover Upland yet but have spoken to CEO Steve Staley and requested a meeting next time he is in town but I sort of like what I see and need to get to know them a little more.

Today they have announced that they have had their application for a licence in Tunisia accepted in an area where gas was discovered 50 years ago! They feel that this discovery de-risks the play and with spare pipeline capacity running through the block would make exports to local gas markets highly convenient. The company only announce that they have taken ‘a majority stake’ which is confusing and also that any success would lead to State Company ETAP backing in for a ‘minority stake’ but I’m sure that details will be forthcoming. The normal work programme has been agreed so expect a 2D seismic programme which if successful would lead to one or more exploration wells to be drilled.

North Africa is very hot right now as we know from a number of companies who are trying to enter the space and also from a number of companies in the post code who are getting plenty of inbound enquiries as well as competition for new acreage, watch this space…”

[argyle underclap] 07/8/2018 12:17

Let’s be honest, 1TCF will be like a lottery win. I’ll settle for that. :)

[stark industries] 07/8/2018 12:15

Doughty that's what I'm reading into :)

[doughty] 07/8/2018 12:13

...we will get more info and some numbers once we have moved on a little in the process..."a little more beaurocracy to be done" says Dr.S

...this could be bigger than we realise ?

[argyle underclap] 07/8/2018 12:10

Yes in group chat yesterday, given size of permit and geology formation. Sum1 said they’d like to that in an RNS

[stark industries] 07/8/2018 12:09

I’m off to see Steve Staley, CEO of Upland Resources and a huge fan of Wick amongst others. #upland resources @ReaboldPLC



4:36 am - 7 Aug 2018


So looks like it is today as per the above tweet by Malcy this early AM

[doughty] 07/8/2018 12:06

I see it Argyle...Amnesic posted some good geology stuff in the group chat...some nice graphics...multi tcf would be very nice....its all coming together...we await Malcy's take then !

[argyle underclap] 07/8/2018 12:04

Good man doughty!

[argyle underclap] 07/8/2018 12:03

Speculation on twitter chat yesterday that Tunisia cud be a multi Tcf gas play.

[doughty] 07/8/2018 12:02

I am now following him on twitter...I have asked him when he is seeing Dr S

[stark industries] 07/8/2018 11:59

Malcy has some great following and i'm ever so pleased that we are finally being marketed out to the oil and Gas community of investors and to a much wider audience.
This will not be off radar for too long as we approach the very busy period

[doughty] 07/8/2018 11:58

I don't know who he is but appears to have a little clout amongst O&G investors ?

[argyle underclap] 07/8/2018 11:55

All about Malcy and his blog for those interested...

[argyle underclap] 07/8/2018 11:52

Roger that stark

[stark industries] 07/8/2018 11:49

If Malcys followers latch on to what's going on here then I expect a big bon fire show
All going to plan

[argyle underclap] 07/8/2018 11:43

Malcy is off to see Upl CEO...