Upland Resources Share Discussion Threads

[grannyboy] 01/11/2018 21:27

Yes there was also a flurry of buys in RBD in the run up to close.

[throwingmuses] 01/11/2018 18:35

Couple of monster 1.5 million buys coming through from yesterday afternoon. Surprised this hasn't snapped back to 4p already, plenty willing to pay 4.5 when Wick was further off. Also had detailed discussions in Sarawak since then, and we're a bargain penny cheaper. All oilies down, but we're down even more than most of the producers, lower oil price at present is actually better for us anyway, in terms of picking up assets, lower contractor prices, the fact that another little depression here is only going to help the oil price down the line, could be over 100 dollars by the time we're producing, maybe nearer 200. Might just have timed this little enterprise beautifully Doctor Staley! Too much on offer here for this to stick around at these levels much longer. Getting in when we're under 20 million mcap, outstanding!

[tburns] 01/11/2018 16:41

Maybe confirmation of Wick before Colter to come in the morning.

[myst1] 01/11/2018 16:32

Nice flurry of buys there before the bell. Something leaked?

[ride daice] 01/11/2018 09:02

I never knew that Steve is actually George Henry Steven.

[yogaboy] 31/10/2018 19:46

Yes, the docs show (separately) estimated durations of Wick 30-35 and Colter 35-45 days, IIRC, and a calendar entry for those durations which together suggest Wick before Colter. It's a bit between the lines but looks promising.

[nlmbidc] 31/10/2018 19:26

Are you sure?

[yogaboy] 31/10/2018 16:48

Amnesic's thread on twitter includes docs that indicate Wick first, Colter second. Looks like this is now getting underway :)

[yogaboy] 31/10/2018 12:46

Brage Viking now heading for Teesside, status: "Towing".Am I reading this right? At least it's not heading south ;)

[tyler90] 31/10/2018 09:49

Dow finished strong last night and FTSE is above 7000 again so following the general market

[moormoney] 31/10/2018 09:35

Good morning. Nice rise 😁

[throwingmuses] 30/10/2018 20:26

Enjoyed reading through the posts today, agree with argyle, but yeah some meat on the bones would be nice soul! So much real potential shining through across the board here, and when a little more light gets cast on our various interests I think the potential growth lying ahead for this company will become all the more obvious, and should be reflected in the share price. Always a great comfort to know how much skin in the game the BOD have, and even more the influential Malaysian's who are surely invested heavily on the back of our involvement in Sarawak, and who's knowledge may be of great assistance in the future. Great comfort to know we'll grow in a way that protects shareholder value, that's the stated priority of the company, to grow the share price. Seems obvious, but some are happy to dilute and issue more and more shares, maybe growing the mcap with a static share price, that will not do here! The BOD aren't going to damage themselves, or damage shareholders who get in early, I believe our growth will always be managed in a way to protect shareholders. We have been told this as clear as day, and when I'm told this by someone of the calibre and experience of SS i tend to believe it. Management's interests are very much aligned with ours here, much more than most companies, but much more than that, management have a proven track record, not only in the oil and gas industry, but in growing tiny wee companies into great big massive billion pound companies! Good luck folks, if we need it!

[nlmbidc] 30/10/2018 19:10

I reckon there will be further Tunisia news on Thursday.

[soulsauce] 30/10/2018 17:46

Can't disagree with any of that Argyle but they need to start putting some meat on the bones and provide the excitement he talks of.

[argyle underclap] 30/10/2018 16:59

Each to their own I guess chaps. Respect. For me the bigger longer term picture it comes down to whether u trust management to give their upmost to deliver. Track record suggests yes. Contacts and experience says yes. Money in bank via placing and access to more via LN if reqd is key component in taking on board additional prospect(s) So for me was an exciting development. War chest ready to go. Wick slipped a bit, mitigatingly weather and TP timing somewhat outta UPLS hands doesn’t bother me but can understand the frustration when it’s so close. Tunisia we do know has been derisked somewhat, gas discovered etc etc, and Sarawak tantalising too given their unique position, although I think the political fallout from the surprise election result maybe threw matters somewhat in the air for a while. There’s the near term prospect of more detail on Tunisia once the govt has brandished its rubber stamp. And with Sarawak I do think it now fair to expect some general update. I’m very excited for the near term and long term prospects here.

[soulsauce] 30/10/2018 16:00

Argyle like michaelwhight I don't want to sound too negative either.
I'll give you the Tune investment as a positive but loan notes and placing is hardly excitement for shareholders, neither was the Wick news which was taken on in the previous year.
So we have had the Sarawak mou and news on Tunisia, both of which we know very little about as there is no meat on the bones of either. Sarawak for too long.

So I hold to my statement.

[michaelwhight] 30/10/2018 15:52

Yes fair enough and I don't want to appear too negative but we were lead to expect good news flow to the end of September and the delay was just slipped in without much explanation. I'm happy to hold but I think we could be kept in the loop a bit better via a conference call or something like that. If there is a delay then give some revised guidelines to quell uncertainty. Q4 is too comfortable a margin after missing their target of 30 September.

[argyle underclap] 30/10/2018 14:47

Since the feb interims of note we’ve had...

Wick farm in confirmation

Tune group going above 16% ( & commitment to add more)

Commitment for additional £3.5M interest free loan notes (if deemed reqd by UPL)

Sarawak unique MoU

Oversubscribed placing to raise £3M

Tunisia new permit

Personally im over the moon with the newsflow when I just had a refresher of a look back. Major steps made in financing and addition of potentially transformational prospects.

Big fat juicy ducks being lined up. We might not bag the lot but just one coming home to roost will send this B.B. and the share price quackers.

[soulsauce] 30/10/2018 12:24

Yes the last sentence very much the same as used in the interims in February.
Let's hope these coming months are a little more exciting than the ones following the interims.

[myst1] 30/10/2018 12:16

michaelwhight post 6080. I think the Chairman has said all he can until he is allowed to:

Outlook

'This year Upland has secured one potentially transformative asset and is close to securing the second, whilst strengthening its finances. I expect the coming months to be exciting ones for investors'.

Chairman

25 October 2018

[yogaboy] 30/10/2018 11:37

Someone's picking up a bargain this morning.