Upland Resources Share Discussion Threads

[soulsauce] 23/10/2018 15:51

If only to explain the choice of footwear 😂

[soulsauce] 23/10/2018 15:44

That's fine throwingmuses if in the near future we do get some news from there. However I think the picture with Petronas was significant enough in itself for an explanation.

[throwingmuses] 23/10/2018 15:16

I get your point soul, but if the news isn't ready to be released, isn't it better to let us know some serious discussions have been going on, than giving us nothing? They won't want to release anything until everything is finalised.

[soulsauce] 23/10/2018 15:07

You may be right throwingmuses but putting tantalising twitter pictures up and not following up with some news is a source of frustration.
Companies seem to be using social media for such things more and more but it doesn't substitute hard facts and news and that is what is needed if we are going to keep this above 4p and move on.

[throwingmuses] 23/10/2018 14:55

I'll stick my neck out and say it won't get close to 3.3 this time. The whole team wouldn't have been in Sarawak if there weren't some detailed discussions going on, and I find it hard to imagine an outcome that isn't going to have a huge effect on this tiny company's share price. Sarawak is not a pipe dream! Wick ever closer also..

[78steve] 23/10/2018 14:46

This chart is so predictable and so I don't blame people for trading it between 3.3 to 4 to make 10-20 % each time!

[throwingmuses] 23/10/2018 14:21

Very happy!!...how things are progressing here, grabbed another 10k just under 3.9p, this is loading up time, sharp incline time is out of our control, but if you expect it's around the corner, why not grab some more and sit tight!

[shares188] 23/10/2018 13:44

Very depressing!!!

[stark industries] 23/10/2018 11:59

Hultiger I'm after another 1.5 million Will be buying next week.Fingers crossed this does not rocket by then

[hulltiger] 23/10/2018 11:41

I am surprised no one is picking up the slack, after some chunky sells.

[hulltiger] 23/10/2018 11:41

I am surprised no one is picking up the slack, after some chunky sells.

[78steve] 23/10/2018 10:59

As predicted drop back to 3.8 hopefully no lower or i'll be topping up with even more

[2prsimo] 23/10/2018 08:58

It comes as no surprise - until proper, decent, concrete news comes from one of the three main projects - the share price won't go above 4p and hold.

[soulsauce] 23/10/2018 08:52

No surprise to see us down this morning as the excitement of the twitter pictures and what they mean turns in to frustration at the lack of an update on Sarawak.

[hulltiger] 23/10/2018 07:30

Good morning all, great posts/ideas on what may happen in Sarawak.Before news arrives it is important to build on the current "feel good factor" we need all the publicity we can get, so I welcome Zac Mirs positive view and also British Bulls



The last time I spoke to Steve he promised to put the PR machine into full swing, at the time of a good news RN, Until then any sort of help, plus recognition from being part of the leader board of gainers will help.

Most importantly check down the back of your sofas!!!!!

[divmad] 23/10/2018 07:26

The political push for Sarawak to take back all oil and gas rights from the Malaysian government since the election has rather gone off the boil of late. How can any deal for Upl in that part of the world, stick until this hot potato is resolved? Surely we are weeks if not months away from a Malaysian deal?

[tyler90] 23/10/2018 06:42

Thanks Spangle but why the need to highlight a meeting with Petronas then? There must be something there??

[spangle93] 23/10/2018 00:55

Hi shares - just reading through 60+ new messages... lively enough for you ;-)

Poppet - I think Michael Winner said "calm down, dear" ..? ;-)

Argyle - ref your re-post from Amnesiac. AFAICT this is the current Malaysian licensing set up

whereby international companies enter production sharing (PSC) or risk sharing contracts with Petronas, which has exclusive rights to the hydrocarbon deposits in Malaysia. There are regular licencing rounds - I couldn't find a current one after a quick internet search but I'm sure if there is one, it could be found.

Petronas also operates fields in its own capacity as state oil company.

Under such a PSC, a contractor (=operator elsewhere in the world) is required "to provide all the financing and bear all the risk of exploration, development and production activities in exchange for a share of the total production"

I don't know - I just can't see this being a model that would interest a small E&P company that's got a couple of £MM spare cash.

If the devolution goes ahead as intended, responsibility for Sarawak regional hydrocarbon management will pass to Petros, and the discussion AIUI is whether all existing PSCs will be dissolved in favour of new contracts (which would therefore not necessarily be of the same form).

The Sarawak links through Petros, our influencing board (and ex-board) members, and the preferred JV with Brooke, seems therefore to be much more likely than any participation with Petronas in non-Sarawak rounds.


Nlmbidc - Brooke is an engineering and construction yard. Think Rosyth, or Brown and Root. It's not going to have internal skills and competence to be an operator. That's why it's a good match with UPL.

[throwingmuses] 22/10/2018 22:29

I imagine we'll be partnered with brook whatever we get into, so yeah that's a possibility

[78steve] 22/10/2018 22:24

This has to be the hottest stock at present. GLA. Dyor

[nlmbidc] 22/10/2018 22:12

Unless Brooke will be the operator - then UPL won't need an operators license.

[nlmbidc] 22/10/2018 22:01

I don't think UPL have an operators license yet, so getting into an existing block from Petronas would help fast track that.

[throwingmuses] 22/10/2018 21:12

I was thinking that too! And also, with our close connections, heavy hitting backers, do you think we might be capable of getting a good deal on aging assets from Petronas? I wonder...

[nlmbidc] 22/10/2018 20:58

Good point throwingmuses.

Those pictures coming out of the Petronas building look like cats that have got the cream....

[throwingmuses] 22/10/2018 20:44

Hey nlm, unless of course we were talking to Petronas about already producing assets. Wouldn't rule out big news on three fronts in the near future!