Upland Resources Share Discussion Threads

[argyle underclap] 04/9/2018 15:12

As starkers said , nice tight spread, cheers Mr.D! :)

[mr dexy] 04/9/2018 15:04

No worries... L2 far less useful than it used to be.. but if ya ever want an update.. sing up & i'll let you know what I see.

Regards to all


Mr D
currently 4.28 4.328 for 100k either way on iii

[stark industries] 04/9/2018 15:00

Nice one Mr D

[mr dexy] 04/9/2018 14:55

L2 is currently 1 v 3...

if thats of any use

Regards to all


Mr D

[yogaboy] 04/9/2018 14:55

One day you will all thank me for making this rise happen...About a month ago, jammed up against a deadline that's not relevant to this tale, I had to take the plunge and buy my new car. It was a toss up between selling NCCL or selling UPL, and I chose to liquidate a million of my UPL at 3p for thirty grand. My logic went like this - NCCL will blow first, and I can use those gains to buy back the UPL in plenty of time for the news that's coming. Now NCCL is off the peak as it faces further delays to its forthcoming deal, and UPL is racing away. Pah!On the other hand, the million I still hold were bought at 1.6p, but it still hurts. Could turn out to be the most expensive Subaru in the UK...

[zengas] 04/9/2018 14:54

A lot of people sold out of Cove on the 1st onshore well which was entirely a commitment well and not in the optimum location for Cove management. Likewise when the 1st offshore well was gas and not oil, many departed as well to their misjudgement on the in-ground value.

There was about 271m shares in issue late 2009 and at 24p the m/cap was touching £65m. The offshore wells at the time were about £70-£80m at the time. High prices and different era/different time.

7/12/2009.
Mecupa 1 Commitment Well - Onshore Mozambique
"...the decision has been taken by the partners to plug and abandon the well at this time." Barely 2 years later sold for £1.2b at 240p/share Feb 2012 from a low of 9p.

I expect UPL will have a possible 2C resource on the Tunisian licence which could change the dynamic here. I'm hoping for a producing/near producing asset in Sarawak.

[stark industries] 04/9/2018 14:47

Think I may just subscribe to it myself :)Yes I did appreciate ebombers regular updates.Maybe get him to take a peek in here.We do seem to have buyer(s) in the back ground soaking up the small trickles of stock.Going fwd we are going rise n rise with the selling and buying at higher levels GL

[argyle underclap] 04/9/2018 14:44

Cash - agreed, same here, I hold both too.

[euclid5] 04/9/2018 14:39

Henry, Coved was sold for £1.2B, once they proved up the field, Cove wasn't trading at £100m + before they spudded the Cove well.

[cashandcard] 04/9/2018 14:37

Both have substantial value in their portfolio, which they are in the process of unlocking. Management of both have a lot of 'skin in the game', aligning themselves with shareholders. Assets are quality.

Finally, Steve Staley is involved with both. I hold stakes in both, rather than flipping between them.


Cash

[tburns] 04/9/2018 14:36

we need e-bomber from TERN to buy into UPL Stark, his regular L2/3 updates are really useful for getting a steer as to what is happening behind the scenes

[argyle underclap] 04/9/2018 14:31

Lols, seems to be some correlation between Predator (prd) and UPl. Peeps today cashing in some profit on prd (down day) and pumping into UPl today, up day. Noticed this several times

[stark industries] 04/9/2018 14:27

Nope me neither Just relying on tea leaves here Argy

[argyle underclap] 04/9/2018 14:26

Starkers - L2/3 would tell the story, unfortunately I don’t have it. Maybe someone else?

[stark industries] 04/9/2018 14:21

Spread is narrowing as trades trickle in.Back ground buyers picking up stock ?

[argyle underclap] 04/9/2018 14:10

Henry, likely sell on..

“In general, whether or not we hold an asset until production depends on several factors. If we are lucky enough to make a huge discovery, then it is likely that the capital required to develop it would be well beyond our means, even with project financing, so we would probably sell this project on or at least sell a majority stake. With things like Hardstoft, which is onshore, not very big and cheap to develop, we would probably try and stay with it into production.’”



From value the markets article 3may2018

[henrymcivor1] 04/9/2018 14:05

Cove Energy didn't produce one sniff of gas, had only percentage stakes in the fields and was sold for £1.2 Billion. In fact - the fields still aren't in production to this day and won't be until next year. I don't get the comments regarding production having an influence on the value of the company.

Will UPL prove the resources and sell them on? Or go into full field production?

[poppet123] 04/9/2018 13:40

My day just has just gone big blue, with my family on the beach at Chefalu in Sicily 30 degrees , wall to wall blue,and UPL just makes it that bit better.gla

[78steve] 04/9/2018 13:39

Management is key and we have top class here

[euclid5] 04/9/2018 13:37

yes, true, let see what unfolds, especially some good news in Sarawak & Tunisia

[stark industries] 04/9/2018 13:35

It's a totally different company agreed!Let's take a look into how the market works....esp AIMFor me its all about supply and demand here that determines the share price hence Mcap :)

[2prsimo] 04/9/2018 13:35

I'm fully expecting more news from Tunisia in the not too distant future; alongside a concurrent Wick drill then £50 million will look cheap imo.

[euclid5] 04/9/2018 13:31

Tern is a totaly different co, business to Upl, being a O&G exploration co, for now that is & not a producing O&G

[78steve] 04/9/2018 13:25

Looks like we have breakout now we'll also have just simple chart traders jumping on board as much as we don't like it. Wait till the heard arrives which inevitably will and this will cause a huge spike up I'm hoping it doesn't as steady increase are easier to sustain. its still very quiet at present

[thejaba] 04/9/2018 13:22

Burns my friend, if only.