Upland Resources Share Discussion Threads

[caters] 26/2/2018 10:56

Planning Authorities, Anti-Fracking Lobbyists (even if it;s not fracking), Nimbys...

(I think Wrestle will get there and EOg will become a good play if Wrestle gets the green light. Holmwood in Surrey should get drilled by the campaign against EOG has been well run and I can't see a drill turning there anytime soon. Onshore drilling to target just offshore wells around Swanage, Purbeck, etc, will probably run into opposition.)

My guess is that SS has bigger fish to fry now.

Just my view, dyor, etc.

[soulsauce] 26/2/2018 10:53

Because planning permissions are going to get harder and harder to come by as everyone thinks drilling is going to lead to fraccing.

[euclid5] 26/2/2018 10:48

why is UK onshore game over ?

[caters] 26/2/2018 10:46

If any of those are UK onshore, then I doubt they'll get involved. UK onshore is virtually game over.

[euclid5] 26/2/2018 10:44

I would be very surprised if they are not looking at farming into the Pilten appraisal field, with 20mbls recoverable, considering the BoD's experience. They are in Hardsoft appraisal well which is a tiny amount net to them, so would be pretty surprised if they don't take some of the Oulten well, knowing it will be cash flow positive

[2prsimo] 26/2/2018 08:54

Some good buying again this morning - 3p has to be within reach fairly soon you would think - very popular at the moment and stock getting tighter

[ssrover] 25/2/2018 09:06

Personally see more upside at MATD short/med term

MATD is the BIGGEST drill campaign ever seen on AIM for at least 10 years.

First drill is targeting 750 million barrels RECOVERABLE!!
50 to 75% on last two drills.
Practically appraisel wells
CEO words not mine..

We then have 3 more drill planned this year

MATD hit 38p last year on prospect of ONE DRILL!! current price 11p.

ALL Drills are FULLY FUNDED & 100% OWNED

[tyler90] 24/2/2018 11:48

yogaboy, yes, this will sort out the boys/girls from the men/women (have to be politically correct!)Some will be sitting on a near enough 100% increase and logic dictates that you take some profit.The RSI is showing 'overbought' and again logic dictates that you sell and either buy back in cheaper or take some profits.Decisions, decisions...My target from the off has been 5p but I will reassess that as it approaches that level which I am hoping is going to be in the few months.From a chart point of view, it was being said that a close above 2.6p yesterday meant next stop was 3.44p and then 4.86p.This is a situation where the Buffet strategy is helpful. We know from this last weeks news releases from the company that the Tune funds and Wressle monies are in the bank plus news should be forthcoming in weeks regarding Malaysia and/or North Africa.Tune has not taken an investment to have their funds lying in Upland's bank account for too long so my view is that news will be forthcoming soon literally rather than Steve's 'soon' in his statements last year lol!Negotiations have been going on for some time so the news could drop anytime. Dealing with foreign governments is not easy from my personal experience. We think there is red-tape in the UK but compared to many other nations across the globe, the U.K. is plain and simple.In my opinion, the best strategy at present is to accumulate and add to your holdings and wait for further news and review. The market cap is still too low when you look at the potential on Wick alone never mind the other possible assets (see Zengas posts over the last couple of weeks for further information). The stock is, of course, linked to wider market volatility but its beta value suggests the impact will be minimal if there is a sudden downturn. The other advantage it has is that it is listed on the main market and that adds credibility in terms of perception surrounding some of those stocks listed on the junior market.Time to possibly take some profits will be just ahead of the Wick drill.Please DYOR and this is not a ramp or advice to buy but my honest opinion as a holder of this stock since August 2016 when I bought 1m at 1.30. I have added since and my average is 1.43.And apologies for such a long post at the weekend.

[yogaboy] 23/2/2018 22:57

Thanks to those who fessed up. Always interesting to see who's holding.Brilliant week, ending on ATH. Sitting tight.

[soulsauce] 23/2/2018 15:13

Yes and why not. I would imagine they will want to be in for when we get the one or more of the big assets ;-)

[kemche] 23/2/2018 15:08

Any slight decline gets snaffled up.

[euclid5] 23/2/2018 12:03

yes sorry Zengas, just checking what they had in Dec 2017 - but correct £1.956m is in GBP

[jungmana] 23/2/2018 11:46

Thats a good amount of money there Zengas. And we are at just £11m about market cap right now.Tune were definately shown something big in Malaysia and North Africa to entice them to invest in an oil tiddler.

[zengas] 23/2/2018 11:37

You're getting your $ and £ mixed up euclid.

It was £1.956m cash balance at 31/12/2017.

In the RNS of 18/1/18 £160,000 was due to be returned from Egdon (now confirmed as received).

£1m then raised from Tune.

Total £3m cash.

[euclid5] 23/2/2018 11:22

$1.956m / £1.4m cash balance as at 31/12/2017

" In addition, the Directors believe that the wider Inner Moray Firth area holds further substantial, unexplored prospectivity"

[tyler90] 23/2/2018 10:40

Sells above bid being soaked up. Either we are due a bit of a retrace or there are big buy orders to fill.

[soulsauce] 23/2/2018 07:50

Spangle interesting words from Boil I would guess they have defined what upl have seen and concurred with it.

[jungmana] 23/2/2018 07:49

Bring it on. This will be one exciting share in the weeks and months ahead.

[tyler90] 23/2/2018 07:46

"Outside the UK, strong progress continues to be made in business development activities in Malaysia and North Africa."That sounds good to me...and even better it is in both geographical areas not just Malaysia as many are predicting.

[spangle93] 23/2/2018 07:30

Jung, ref #1033

Agreed, noting all transactions remain conditional and assuming options are taken up. But they are more straightforward than Wressle.

BOIL has to commit to Corfe by end of this month. I'd missed it the first time, but they said "the [Wick] prospect has been defined by 3D seismic mapping by Baron and others" ... curious that despite only recently registering an option, they claim to have had a role in the 3D mapping.

[soulsauce] 23/2/2018 07:23

Still mentioning assets in Malaysia and North Africa. If we can grab both it will be a major coup for the company and a big boost to the share price

All looking good.

[sull75] 23/2/2018 07:07

Interim results out: CEO states "I am expecting the next few months to be an exciting time for the Company, and believe we are well placed to take advantage of the opportunities available to us. I am therefore looking forward to updating our shareholders on our progress over the coming weeks."

[jungmana] 22/2/2018 23:35

As of today this are the partners in wick;Upl 40%, Corrallian 25%, Corfe 20% and Boil 15%.

[1bluehorseshoe] 22/2/2018 21:31

1 million and rising. Took some BOIL (Baron Oil) too as they are a partner in Wick. Both debt free and cash available