Upland Resources Share Discussion Threads

[throwingmuses] 28/12/2018 10:39

Can't buy any at the moment, things are bubbling up here nicely, won't be long until this sparks into life! Very large percentage of these with sticky fingered folk

[henrymcivor1] 27/12/2018 22:36

Almost 5 years in the making. I'm sure the signature is all that's left to do.

:)

All IMHO of course.

[throwingmuses] 27/12/2018 22:03

Now that sounds like a plan! I'm sure they've been thinking about it. Didn't Petronas take a stake in a project nearby, just before our meeting with them in Malaysia? Wonder if the topic of North Africa cropped up.... Interesting! Does 2 plus 2 equal 5?? If only!

Shares, your instincts on timing of news are very good, albiet for the wrong reason. Give yourself two months leeway to double up though.

[nlmbidc] 27/12/2018 21:25

Actually the CPR is a selling tool for a farm-out. But that's another story.

[henrymcivor1] 27/12/2018 21:17

The CPR is already written and has been for a while. Now the Saouaf licence is in the bag it's a tactical release.

[shares188] 27/12/2018 21:07

Don't forget wick news was going to liaison
with news on other fronts, so my instinct
is saying two lots of news coming very soon..

[nlmbidc] 27/12/2018 20:44

The Saouf CPR could value our assets at hundreds of millions of dollars.

I wonder what that will do to the share price

[tyler90] 27/12/2018 20:00

Can you please clarify? Thanks

[trulyscrumptious] 27/12/2018 19:24

You said this would be about 14p at spud if I remember correctly!

[shares188] 27/12/2018 19:16

This will double easily in a matter of days😉

[gunsofmarscapone] 27/12/2018 17:15

Yes we had a ‘happy ending’ today at Rbd.

Good luck folks, pivotal well for Upland Resources. Did you all read the rns’s for BOIL and RBD? The following para in the UPL rns was the key distinction.

The Company estimates that the Wick structure, which lies principally in the licensed area of Licence P2235, could hold in-place P50 resources of around 250 MMbbl. The Wick well targets reservoir sequences within the Wick structure.

Ought to ‘help’ things along, so to speak.

[trulyscrumptious] 27/12/2018 16:10

The market doesn't seem to share that view though. At least RBD are up.

[78steve] 27/12/2018 15:00

Exciting times :)

[nlmbidc] 27/12/2018 14:48

SS put up half the drilling cost for this, so I guess he fancies it.

Good enough for me.

[2prsimo] 27/12/2018 14:48

Always keep a bit of powder dry folks

[trulyscrumptious] 27/12/2018 14:30

It's already lost it's initial rise.

[78steve] 27/12/2018 13:44

As drilling progresses the movement in share price will tell us a lot as people in the know pile in cause a spike or not ;) Drilling for 3 weeks only from 25th Dec ?

[tyler90] 27/12/2018 13:30

The question here is the credibility of the management and SS has a credible record. This is not a 'pump and dump' stock.Those who expected a big rush to buy today were never going to be proved right...folk still on Xmas holiday mode.3 weeks from 25/12 is 15/1...expect some buys and share price movement as we move closer to this date...starting around 4/1 and more so around 7/1Like I said before the risk/reward is worth it...a 1p drop against rise up to possibly 10-15pAll IMHO & DYOR

[trulyscrumptious] 27/12/2018 13:24

Who knows what the outcome will be but as Wick is squashed between two producing fields, Lybster and Beatrice, we have a very good chance of finding something. Do I hear my purse jingling or is that Santa coming back, haha... GLA.

[babbler] 27/12/2018 12:11

Yes seems some selling... But then anything around 3.2 is a buy not a sell... Still wondering about that big buy last week...Advertised Spread doesn't help.As you say... Will be a lot higher on success...Cpr imminently too...

[throwingmuses] 27/12/2018 12:07

Good points Mr t. So with all that's going on, plus the sheer scale and scalability Sarawak could provide for the business hovering in the background, we have sellers! At this point in time, really?? Some people frustrated at being locked in around 3p for a while I think, but not as frustrated as I believe they'll be in a couple of months time when they've missed out!

[tburns] 27/12/2018 11:12

36% is relatively high and helped I think by existing geological data, history of surrounding fields and proximity to shoreline which makes the process both technically and logistically easier allowing better cost management. GLA

[euclid5] 27/12/2018 10:58

has a 36% GCoS

[throwingmuses] 27/12/2018 10:42

Thanks spangle, good post. Mike was asking about value on success, that's why I mentioned the 57p, it's a good starting point but as you and zengas and probably others have said, has its faults. Worth a read though.

[mikemike16] 27/12/2018 10:22

Thanks for the links, not sure why when i looked at Optiva notes they do not look like these notes you have shared. Nice to see the notes from a worst case scenario to best case