Upland Resources Share Discussion Threads

[spangle93] 28/11/2023 08:53

Would you expect PETROS to award a PSC without reviewing the content of the JTS?

ZENGAS - just curious how you conclude that the farm out is delayed. Not saying you're right or wrong, but I can't see that from today's RNS, and I'm not sure how you can "formally" farm something out that actually you don't yet have rights to?

[michaelwhight] 28/11/2023 08:45

Completion of JTS and award of PSC is what we needed today.

[richsif] 28/11/2023 08:27

Underwhelmed!? Jeez it's teeing up a period which will have a continuous flow of news.

"Our team will be meeting PETROS in Sarawak in the coming days”

[michaelwhight] 28/11/2023 08:14

Yep. I could help but feel a little underwhelmed by this RNS after what seems like a long wait and with much anticipation. We will have to wait for more substantial news.

[haggismchaggis] 28/11/2023 08:10

Kind of is not what the big money wants, it wants clear unambiguous statements of fact. Let's see where it goes over the next week or two.

[michaelwhight] 28/11/2023 07:53

We kind of knew this already though, didn't we?

[stockhunters] 28/11/2023 07:53

how many years until drill?

[haggismchaggis] 28/11/2023 07:50

"Upland has now commenced preparation for the SK334 exploration campaign, with news flow expected across a number of fronts, which includes, license undertaking through a Production Sharing Contract; commencement of formal farmout process; well planning and drill site preparation.".No questions needed, it's clear what is stated and obvious what is going to happen.

[michaelwhight] 28/11/2023 07:36

Yes this throws up more questions than it gives answers. They're looking forward to working positively with Petros but let's see the contract.

[zengas] 28/11/2023 07:20

They Looked at drilling rigs etc but they’ve slipped in the commencement of a farm out process. Will be interesting to see how long that may take, what they will retain and when they actually earmark a spud date and how long until the award of the psc ?

Farmout needed in place of cash raise I suspect.

[wiseacre] 27/11/2023 11:43

seems to be a tap of stock. 3 million purchased without moving the price.

[henrymcivor1] 27/11/2023 10:58

https://x.com/uplandtweets/status/1729087609987830020?s=46&t=PuE8rK3ApziVhjJmecf2og

[loglorry1] 24/11/2023 12:17

They are paid extremely well and when you add in the massive gains from selling 0.3p warrants the BoD certainly have not been working on this for the last few years for nothing. Far from it.

[hoper1] 23/11/2023 17:31

I don't disagree, but they haven't spent the last few years working on this for nothing. The BoD knows far more than you or I. Time will tell.

[tyler90] 23/11/2023 16:46

Valid question m'Lord since why would you post on this bb unless you were a holder and if you thought it was a POS, you would sell wouldn't you?Unless you are short of course may be an answer!!

[hoper1] 23/11/2023 16:45

Because when they deramp like that it usually means they don't and are just trying to talk the share down. Why would anyone invested here logically want to do that??? Just trouble makers by and large.

[haggismchaggis] 23/11/2023 16:06

I wonder if there's been a leak re what's expected this month?."We are now at the tail end of the SK334 joint technical studies with PETROS and the JTS team has worked diligently in processing seismic and other data to assess the hydrocarbon potential of Block SK334 as well as delivering upon crucial engineering and field development plans. We look forward to wrapping up the studies phase later this month and presenting the findings of the Joint Technical Studies to PETROS."."Additionally, this month our technical team is inspecting a preferred candidate rig in Holland. October was a busy period for the Company, but November is lining up to be even busier with the culmination of some key workstreams.".Check out the timeline here. Just about there now!.hTTps://upland.energy/october-jts-summary/.

[buffinman] 23/11/2023 15:32

Hoper, why should any poster here have to reveal publicly whether they own shares or not?

[hoper1] 23/11/2023 15:07

You haven't answered my question!

[hoper1] 23/11/2023 15:04

Do you hold any shares in UPL?

[aimbagger] 23/11/2023 15:01

Amendment Bill gives Petros 100 pct control over gas distribution in S'wak hTTps://t.co/vZ99nCIsXs