Upland Resources Share Discussion Threads

[euclid5] 28/2/2018 11:46

The CoS was 36% but think they upped this to 40% afer siesmic

[jungmana] 28/2/2018 11:44

Check out RBD. The news we have been waiting over last two weeks is out.

[goodbloke1] 28/2/2018 10:51

Thanks Euclid.A high cos in my opinion

[euclid5] 28/2/2018 10:11

They put is at 40% CoS, recalling a broker note - see if I can dig the extract out

Increased after they evaluated the 3D seismic

[goodbloke1] 28/2/2018 09:27

Hi Zengas or anyone.Anyone know the COS for Wick?

[zengas] 28/2/2018 08:57

UPL always said it was in place volume re Wick.

The 250 mmbls is estimated in place.
If it's there mid case, using a 30% R/F is 75 mmbls and at 40% net to UPL = 30 mmbls.

Another company might be working on a lesser R/F for now and others might anticipate a higher one.

"The Company estimates the Wick Prospect could hold in-place P50 resources of around 250 MMbbl." RNS 30/11/17.

[goodbloke1] 28/2/2018 08:32

Thanks Spangle for that interesting post.Hoping the Malaysian Tunisian. deal comes to fruition in the next few weeks or months!

[kemche] 28/2/2018 08:27

Well said spangle - my money is on heads.

And the BOD. And prospects for an announcement regarding Malaysia/Morocco/Tunisia. And success of the drillbit at Wick.

Let the coin toss.

[goodbloke1] 27/2/2018 23:07

Well it's good to know you have some humility as I do

[kemche] 27/2/2018 22:40

goodbloke, I don't think I know it all. If truth be told I know very little. If that.

[soulsauce] 27/2/2018 22:26

No problem goodbloke I meant £2.99m

[goodbloke1] 27/2/2018 21:36

Thanks also soulsauce

[goodbloke1] 27/2/2018 21:35

JungmanaSorry just seen your reply after replying to the arrogant git and thanks for your reply re funds.Nice to know that posters on here give polite informative replies

[goodbloke1] 27/2/2018 21:32

KemeDon't be arrogant.I am simply asking for confirmation of any extra funding news I am not aware of.I know they have approximately 3 mill pounds including tune funding but in my opinion this may not be enough for all the acquisitions plus well costs etc. It's people like you who think they know it all that try to deter people like me to ask genuine questions.Put your arrogance and ego to bed mate!

[jungmana] 27/2/2018 21:17

Soul - is about £3m. In the interims to 31st Dec, we had about £1.9m. Then we go a refund of £160k and raised £1m from Tune.

[soulsauce] 27/2/2018 20:24

£3.99m I believe.

Yes there is money but I am sure it is earmarked. We don't want to be diluting just to get a small piece of another asset.

[kemche] 27/2/2018 20:23

goodbloke, have you done ANY research into this company at all? If you read some of the recent posts, especially by Zengas, you would not need to ask such questions.

Egypt?????

[goodbloke1] 27/2/2018 19:36

Thought we had enough cash to buy other assets? What is the total cash we Have roughly Anyone?

[soulsauce] 27/2/2018 19:06

It would Jung but how would we pay for it as well as Wick and whatever we yield up in the way of new assets.

[spangle93] 27/2/2018 18:32

Tyler - management are mostly ex-Global Santa Fe drilling guys. If you visit their website, under track record it seems they've already done plenty of studies in the Moray Firth

[goodbloke1] 27/2/2018 18:24

Sorry I meant Malaysia! Was thinking about something else!

[tyler90] 27/2/2018 18:23

Nothing in Egypt!Malaysia and North Africa (Morocco & Tunisia)

[goodbloke1] 27/2/2018 18:21

Let's hope the rumoured Moroccan. Eygpt deals are very good!

[jungmana] 27/2/2018 18:17

Wick is August/September