Upland Resources Share Discussion Threads

[soulsauce] 21/9/2020 07:35

Good news but still a long way from doing anything with it.
It's very disappointing after all this time that we are yet to start our seismic campaign and it still sounds a way off as we still have the Etap data to complete.
The jam pot just got bigger.

[tyler90] 21/9/2020 07:31

This RNS is the most promising one released by the company in years. Reading between the lines, this could be transformative and a game-changer for Upland. I think most thought Sarawak was the jewel in the crown but Tunisia could be bigger and why I thought moving CP was a good move.Up to Optiva and the PR gurus to do their job now!

[thejaba] 21/9/2020 07:08

Nice line about comparisons with Hassi field at 85 TCF

[tyler90] 19/9/2020 13:30

From another board:"A contributor on the other board raises some great questions about direction and strategy which must be in the mind of any serious investor..." so word is getting around :-)It's okay, you can thank me later when they get their house in order lol!

[soulsauce] 18/9/2020 17:42

Yes, beyond caring here. Ought to change their name to Preserve Resources, plenty of jam tomorrow, or may be next month, or may be next year ;-)

[nlmbidc] 18/9/2020 17:25

I don't think anyone cares.

[tyler90] 18/9/2020 16:26

The silence is deafening since my posts a couple of days ago. Reckon a few feathers have been ruffled!

[tyler90] 18/9/2020 10:05

Is that 16 CEO's by 2025?

[henrymcivor1] 17/9/2020 19:07

UPL 16p by 2025

[tyler90] 16/9/2020 13:33

PS Not from any competitor of the 3...just a simple ordinary PI

[tyler90] 16/9/2020 13:33

Ta! Hope someone can forward my thoughts to the new CEO so he is as informed as much as possible. Him being thousands of miles away, he is probably not fully aware of the goings-on in London! Bet I am popular with Optiva, Flowcomms and FTI today lol!

[soulsauce] 16/9/2020 13:18

Well it's going great guns today. More cheap stock for those taking big positions lol.

[yogaboy] 16/9/2020 13:09

No disagreement from me tyler90.

[tyler90] 16/9/2020 12:26

Just to say I am not a deramper but a holder and I invest in stocks to make a return.Over many decades I have had very few losing stocks and I do not want this to be one of them.Over to the board!

[tyler90] 16/9/2020 12:19

Look at the last RNS. They have Optiva Securities as broker, Flowcomms as Investor Relations and FTI consulting as Financial PR. Ffs what are all these 3 doing apart from draining investor funds?Posters had to correct mistakes on the latest web pages too.This might not be an AIM listed stock (no disrespect to some very well run AIM companies) but it sure is beginning to exhibit all the hallmarks of an unprofessional outfit Answers needed from the board ASAP please

[tyler90] 16/9/2020 11:57

Flowcomms is a company registered at a flat in London. Why do Upland need a 'PR' company when they have Optiva (who in my opinion could perform better anyway)?Seems like 'money and jobs for the boys' type of set-up sadly. Happy to be corrected in my opinion.

[doughty] 16/9/2020 08:27

The point that I was trying to make is that there is information out there on the company that you are invested in...you just have to seek it out...be friendly to fellow investors...seek it out...WHEREVER it may be...engage !...no point in demonizing social media platforms or individuals...we are all big boys...dont be bullied...its pitiful to watch some of you doing nothing but slag off the company based on pure ignorance of the current situation...yes cp has gone as ceo...get over it and see the bigger picture l...I wont waste my breath in here anymore !...you can lead a horse.....

[yogaboy] 16/9/2020 07:38

Nice summary Spangle93. If I recall correctly, you might insert "The wrong election result in Sarawak" at the start of your "Then what happened?" sequence. Then the decline and the Tune intervention makes sense.

[spangle93] 15/9/2020 22:32

And when she's tweeting
It's "strap seat belts on on on"
But when she's speaking
She'll say "money's gone on on"
She'll say you stupid cluck
Just because, I've got stuck
With Uptown Res-our-ces

La-la-la-laaaa La-la-la-la-la-la
apologies to Billy Joel

The thing is, when it started, the board was Dr SS, who knew the North Sea pretty well and was on a high from Cove, Norza Zakaria and Bolhassan Di, who were influential players in Malaysia and Sarawak, and Jeremy King, who's a dealmaker. Within a year, the lads had signed up Tune, a Malaysian company, as a cornerstone investor, and got a Tune board member as a result. So, looking for a portfolio that married the emerging automomous state of Sarawak with the North Sea played to its strengths. All was aligned - We had Hardstoft, Wick and Wressle, and an MOU with Brooke.

Obviously we avoided Wressle in the end, probably correctly in hindsight because it was intended as short term low risk cash flow and hasn't yet flowed, but came a cropper on Wick.

Then what happened. We got into Tunisia. Which part of left field was that from? Maybe SS's background, from memory? But hardly in line with a North Sea / SE Asia axis, unless you draw a great circle. The North Sea acreage made sense because it would have been SS who headlined that work effort

Then the board gets shuggled around - Pitman in, then SS out, and another Malaysian banker (no typo intended) to join the Tune banker. Where's the board's balance? Where's anything but MOU's from Malaysia resulting from all this in country fire power.

And Pitman, as it said at the time when he was shoved into the CEO role after a month on the board, and repeated as he was sidelined a year later, is an African specialist, so how did he fit that model? Apparently he will still "focus on sourcing and developing new business opportunities particularly in respect of the Middle East and Africa regions", which brings in all the expertise of our Malaysian focused board...er, what?

So we've now reached a stage where I am totally unclear what exactly is the USP for UPL? What makes us stand out, what strategy is there, what focus on which to base delivery. It was there at the start - we knew exactly what UPL was about.

Normally I'd start with the latest company presentation to find out. Oh, that was in 2018, unless you count the low budget, out of date Zoom story, which is the only offering on the "media" page of the website. Or I'd look at an analyst's note... but the last on the website is from 15 months ago.

There is however a helpful heading called strategy....

Operator seeks material stakes in oil and gas plays that represent an attractive risk – reward balance for its shareholders. We use our broad industry experience, excellent contacts and technical expertise to source, assess and secure the best assets. We are able to move quickly to an investment decision.

Operator will consider acquiring stakes in assets ranging from frontier exploration to existing production and can participate through both farm-ins and applications for open acreage. Operator has a large degree of flexibility in choosing the form of the joint venture and hence is better able to provide a mutually beneficial partnership to its co-venturers.

Where it says Operator, it originally said Upland. But I replaced it with "Operator" because this is so generic - half the AIM oilers could say exactly the same thing - not all, because some actually have distinguishing, clear strategies. PXEN for instance. OK, they suck too, but at least they have a clear strategy, something that you either believe in or you don't.

Maybe tomorrow morning there will be a fantastic RNS and I'll look an idiot. If so, then I don't care if I do. ;-)

In the meantime, if anyone can put together some coherent sentences about what UPL stands for (the company, not the acronym), and the direction of travel to achieve whatever strategy it has, I'd love to hear it, because the directors certainly don't seem like they want to, or worse, don't seem to know.

[soulsauce] 15/9/2020 22:15

Yes yogaboy you are right but this is not the first time it has happened.

[yogaboy] 15/9/2020 22:07

If it is, nlmbidc, then he appears to share a mobile number with Flowcomms.Thank you for your suggestion, but I am already in touch with CP regarding further correction to the website - yes, recent corrections were at my behest - and have raised this issue too.

[yogaboy] 15/9/2020 21:57

You might well be right soulsauce, but if there is an organised conference or presentation for shareholders it should be available to all.The "latest fella" as you put it, is a good man, I got to know him at the 2018 AGM. His average was higher than mine at the time ;-)

[nlmbidc] 15/9/2020 21:51

The truth is the interim CEO is very happy to talk to all share-holders. You just have to decide if you want to. I'm sure his number is on the last RNS.