Upland Resources Share Discussion Threads

[zen12] 26/10/2023 09:33

Not from a Joe blogg poster behind a computer screen lol...you guys are questioning the credibility of the BoD which only they can answer!

[zen12] 26/10/2023 09:26

UPL Twitter?Circa $30m spent on Block SK334, onshore Sarawak?600sq km of seismic shoot ?6685sq km FTG & gravity analysis ?Field work study, G&G and Petrel reservoir modellingA greenfield block in a prolific O&G region, notably immediately adjacent to the Kingdom of Brunei ??

[cromw3ll] 26/10/2023 09:26

No position but imo you don't make a Rule 2.9 of the City Code on Takeovers and Mergers announcement lightly as its serious financial crime otherwise.

[crankylad] 26/10/2023 09:25

good luck with that, they say a fool and his money is easily parted... ive got an hole at the bottom of my garden that the previous owner said contained two ton of gold, im looking for investors would you be interested?

[zen12] 26/10/2023 09:21

Bought heavy, hoping to see RNS update soon or revised bid!

[crankylad] 26/10/2023 09:18

i've had a short on these since it hit nearly 6p, will cash in when it drops to .1.5p. theres not going to be a firm bid, it was a ruse for some insiders wanting out IMHO.

[michaelwhight] 26/10/2023 09:02

A few people making an awful lot of effort here for nothing then.

[soulsauce] 26/10/2023 08:59

Quite Zen.

So many new posters on here just continually saying it's a scam. Yes we have heard you, buy or move on.

[zen12] 26/10/2023 08:50

BoD could really do with a follow-up RNS and re-confirm the bid, that'll teach the shorters/dermapers lol

[sensemun] 26/10/2023 08:38

It is clear to everyone with a brain that this so called 14p bid is an utter scam

[sensemun] 26/10/2023 08:32

The short postion in #UPL is tiny

In other words it is not being shorted.

[michaelwhight] 26/10/2023 08:29

No bid has been made. Shorters are pushing the price down and now trying to go beyond the gap in the chart.

[zen12] 26/10/2023 08:27

Have to admit this is trading very abnormal...how can this be trading at 3.6p when a bid has been made for 14p....normally you would not believe your luck as an investor!

[loglorry1] 26/10/2023 07:55

Petra Energy who is the operator of this other onshore block next to the one UPL is apparently developing just spuded their well. It has mcap is $68m (£56m), but they have oil service / marine business with $100m in revenue and $14m in EBITDA.

If we value the oil service business at 3xEBITDA that perhaps values their block (which I think they have close to 100% of) at around $26m but they have a funded well on it currentlly drilling and sisemic done.

UPL own 40% of a desktop study with no PSC, no real sisemic, no funding, no rig sorted, on the next door block. What a bargain at £170m LOL!

[jaknife] 26/10/2023 07:49

The real question is how (at what price) will Upland raise the money that it needs to:

A. Buy the license (that it currently doesn't have) to drill the block
B. Commit to proper 3D seismic
C. Pay to drill the well

There's easily a £10m funding requirement there. Are the board actually interested in looking for oil or do they just want to play "spiv" with the share price to make some Christmas money from scamming retail punters into buying the shares at an artificially high price?

[truant2tb1] 26/10/2023 07:16

WeeeeeeeeeeeeSee you back at 1p by Xmas

[sensemun] 26/10/2023 07:10

The market is telling you what it thinks of this possible 14p bid

It is a scam bid

if it was proper the bidder would be buying shares in the market now at 4p/5p and they aren't

[apfindley] 26/10/2023 07:09

Because its only a sham bid to pump the price.

[gemstar2] 26/10/2023 06:48

You been spiked then Tidy?

[neo26] 25/10/2023 21:30

What are they bidding for, upl are hoping to drill a well.No wells have been drilled on this location.

[pwhite73] 25/10/2023 21:12

bobo - "He cannot purchase shares privately for himself"

Nos (2) and (4) refer to individuals hence the term 'he'. No 3 refers to the offeror which is the company making the takeover. Read it again.

[soulsauce] 25/10/2023 19:20

truant2tb125 Oct '23 - 19:56 - 11476 of 11476 (Filtered)

Troll!!

[truant2tb1] 25/10/2023 18:56

Come on, own up! Who got suckered into this on Monday?LOL