Upland Resources Share Discussion Threads

[hulltiger] 09/10/2018 07:34

Good morning gents, it was always going to be difficult investing in a company, who do not "hold the whip hand". In the past I have spoke to SS on the subject of PR and he likes to put PR into gear after an RN. I wonder with the delay at Wick and the uncertainty over Sarawak, a little nibble at the PR machine might help. The PR folk are paid on a retainer basis, so make them earn their cash.

[thejaba] 09/10/2018 07:16

You seriously have no idea. What you need is to research before making stuff up and trying to pass it off as fact.

[divmad] 09/10/2018 07:00

shares188,

Your gripe should be aimed at Corallian management, NOT Upl. They are in charge of Wick operations.

[shares188] 09/10/2018 04:22

Michael, it would be nice to start drilling first
and on time before seeing it out!!lol.
NEWS Needed is a UNDERSTATEMENT 🙇
THE BOD are in charge and have shareholders,
they seemed confident drilling would commence
at the end of Sept , now it's Q4.....
That's a long time to put this under immense
Pressure without clear direction with timelines...

[michaelwhight] 08/10/2018 18:33

Short term traders will sell and those wanting to see the drill out will stick. If it's a success at that point this will all be academic

[trulyscrumptious] 08/10/2018 18:12

Who said anything terrible has happened here? However, most people like to see their investment increase, not decrease and this is falling on lack of firm drilling dates. The likelihood is it may drift further and I doubt that will be greeted with much merriment either.

[michaelwhight] 08/10/2018 18:05

Some losing faith here it seems yet the story hasn't changed. TS 3.5 went before and came back again on the news. Nothing terrible has happened here.

[yogaboy] 08/10/2018 17:34

hTTps://www.offshoreenergytoday.com/corallian-picks-ensco-rig-for-wick-well-drilling/:)

[soulsauce] 08/10/2018 15:44

Quite weak today similarly so at the other U. Seems like a determined seller in both 😕

[nlmbidc] 08/10/2018 15:39

Current share price 3.5 pence.

Potential prize on Wick 57 pence.

Once we spud this will move north.

[cashandcard] 08/10/2018 15:01

There is further potential in the wick license area. I wonder if they are hoping to apply for licenses around 11-24/b.


Cash

[yogaboy] 08/10/2018 14:58

You're right tyler, but Wick is a stand-alone binary prospect, so it probably deserves a significant discount until the results are known.

[tyler90] 08/10/2018 14:42

Share price is behaving as if Wick is a 'dud'. 36% or 40% COS is not the best but it is not the worse I have come across either.

[cashandcard] 08/10/2018 14:26

I have to say, Wick is still the prime asset for me. Everything else is far, perhaps very far from any field operations. Drilling is not even on the agenda yet with the other assets.

The problem with the chunkier assets in our portfolio, they have increased political risks.

Cash

[trulyscrumptious] 08/10/2018 14:25

2Prismo. To be fair Wick is the only drillable prospect at the moment. Without it there would be nothing going on as Tunisia is not much more than a photo on twitter and Sarawak seems to be even less imperative.

[zengas] 08/10/2018 14:19

Surprised there hasn't been more news from Sarawak. I just wonder did the political outcome dampen the choice of assets under consideration ?

Also wondering what they intend to do with Hardstoft as they have been sitting on that first acquisition now for 3 years since admission on 26/10/2015.

[yogaboy] 08/10/2018 12:28

That's one big sofa Hull :)

[hulltiger] 08/10/2018 12:22

Thanks Prisma, we no sooner speak and they start churning out the sells. No sure what you think but I have now put Wick on the back burner and I am more interested in the company updating us on Tunisia and Sarawak.

[2prsimo] 08/10/2018 12:04

hull - Other than the 300k and 250k sells earlier on I can't see much. Those two seem to have done the damage unless there is anything delayed to turn up after hours.

[hulltiger] 08/10/2018 12:00

2Prsimo as you say a nice "W" formation but it needs the uncertainty to be removed and for buyers to move in. Again today, I struggle to understand such a large fall on the trades that are showing.Anyone out there with L2 to make the picture a little crearer?