Upland Resources Share Discussion Threads

[tyler90] 06/2/2018 09:28

euclid5, 2/3 years seems a long time in between finding oil and drilling it for production? Is this the norm in the industry?

[soulsauce] 06/2/2018 09:26

Hi tyler after a find, and lets hope we do find oil, then to actually get it flowing can take quite a lengthy period depending on methods of production and more wells required. A lot of planning is required.
That shouldn't matter as any find would propel our share price so far skyward we will all be happy bunnies.



Just a tip with your links tyler if you change the tt in http for TT it should work.

[euclid5] 06/2/2018 09:20

Becauae it's a Exploration well & not an Appraisal well

[tyler90] 06/2/2018 09:17

https://www.energyvoice.com/oilandgas/north-sea/162707/upland-hoping-get-tune-wick-field/?utm_source=twitterA bit confused (does not take much!)If drilling of Wick is scheduled for late August or Q4 then I would expect oil to be produced within a few months of a successful drill.Why is SS saying 2/3 years in the above article?

[tyler90] 06/2/2018 08:49

No, of course not. Thanks

[soulsauce] 06/2/2018 08:43

Hi tyler, your link wasn't working, hope you don't mind me reposting.

[tyler90] 06/2/2018 08:41

Paraguay, welcome!Good move, mm's will be selling these shares they have got on the cheap at much higher prices in the next few days/weeks.

[paraguay] 06/2/2018 08:35

That's good tyler because I'm a newbie who just bought in this morning. Been watching in the wings for a while and liked what i saw. Time will tell.

[tyler90] 06/2/2018 08:13

Today is 'sales day' in the market. Market makers will drop the bids on practically everything this morning to panic some into selling and there will be many who will panic & sell.

[tyler90] 03/2/2018 11:54

Interesting read and highlights the potential in the Sarawak region. https://thelawreviews.co.uk/edition/the-oil-and-gas-law-review-edition-4/1140335/malaysia

[argyle underclap] 02/2/2018 20:27

Timed at 14:39 yesterday at 1.8p

[tyler90] 02/2/2018 18:38

Thanks, thought it was.

[soulsauce] 02/2/2018 18:35

Yes greater than 3% tyler

[tyler90] 02/2/2018 18:05

8m is about 2% of the total number of shares at present. Remind me, does the mkt need to be informed about this stake or is it 3% or above?

[soulsauce] 02/2/2018 17:49

Wouldn't be surprised if Tune may be getting a few more in the market. We will see in time.

[tyler90] 02/2/2018 17:22

Okay, who bought the 8m then?

[tyler90] 02/2/2018 10:43

The market is soaking up all the sells; a couple of 1m buys and they will be all swallowed up.

[sull75] 02/2/2018 07:14

Steve Staley, CEO of Upland Resources Limited, said: "This is a significant step forward to the drilling of the potentially high impact Wick well this summer. Wick is a potentially transformative, low cost, near term drilling opportunity for Upland and I look forward to updating investors on further progress over the coming weeks. "

[sull75] 02/2/2018 07:05

RNS out. More positive news for UPL to help build momentum.

[thejaba] 01/2/2018 23:29

Massive step change for UPL yesterday...the volume yesterday and today compared to any over the last 15 months is enormous. So much stock is held by mgmt that the elastic band is very tight now. There will be treeshakes but I genuinely am expecting 2.5p within the next few trading days.

[argyle underclap] 01/2/2018 20:14

In addition to the potentially transformational Wick (their words) Upl are actually looking at 3 other high impact opportunities.

Malaysia Morocco. And Tunisia.

it would be quite a portfolio if they landed all 3

[thejaba] 01/2/2018 16:47

Best to accumulate and wait. Im expecting multiples of this sp

[argyle underclap] 01/2/2018 15:59

There's not a lot of loose fruit in this tree.

[tyler90] 01/2/2018 15:52

Here comes the tree shake