Upland Resources Share Discussion Threads

[spangle93] 20/6/2024 18:38

good post, simon8.

Not actually operational either, in relation to the usual use of the word in the resources industries

[1sharewithme] 20/6/2024 11:06

Laying or lieing

[1sharewithme] 20/6/2024 10:45

39 trades all morningWOW that rns really instilled confidence (not)Repetition Repetition Repetition Although it's not in just a minute but a year of promises I am beginning to think there is no psc COPL promised a jv for over a yearThen nothingSOUND FAMILIAR

[stockhunters] 20/6/2024 08:54

PSC or major farm in would confirm they own the licence

[minja19] 20/6/2024 07:55

thanks sellers, I'll have a few of those.
patience ..!

[haggismchaggis] 20/6/2024 07:41

Total BS. Anyone including you can see UPL are getting the PSC. UPL are giving you enough info in the RNS to say that without actually being allowed to say it..UPL will be 10x the market cap in 12 months, that is my bet..I'll just keep accumulating while the morons keep the price down.

[simon8] 20/6/2024 07:38

Still no PSC, that is the key, the rest is all happy talk... the longer this drags the more nervous I get they are going to get stitched up and the PSC will end up with someone else.

Not surprised share price has dropped.

[haggismchaggis] 20/6/2024 07:25

Who in their right mind sells a stock that has 10 bagger written all over it, nobody.

[1sharewithme] 20/6/2024 07:23

AGAIN NOTHING FIRM JUST PIE IN SKY PSC

[haggismchaggis] 20/6/2024 07:12

This should be 2.5x to 3.5x the price when compared to its peers..With what is happening it should be obvious to everyone that contracts are now a given..Multi well programme is massive for this company.

[zengas] 20/6/2024 06:53

First time it’s been slipped into an RNS that I can see and conditioning holders expectations.

“Once commenced the Company anticipates drilling throughout 2025 and beyond”.

The schematic on the timeline and colour bar explanation suggest the same expectation.

[stockhunters] 20/6/2024 06:43

drill now 2025 not 2024

[haggismchaggis] 20/6/2024 06:36

Actually it's GBP39.81m, only showing as GBP20.6 on ADVFN which is wrong.So should be 2.5x to 3.5x the MCap right now.

[haggismchaggis] 20/6/2024 06:32

Everything is still moving ahead, that's a huge list of things progressing in parallel..Current market cap is pathetic at GBP20.6m, it should be 5x to 7x that with what is going on right now..Multi well programme FFS!!!

[stockhunters] 20/6/2024 06:30

psc next month, honest? ha

[zengas] 20/6/2024 06:27

CPR timeline in the progress report now mid to late Q3.

Actual spud time on the timeline looking closer to mid Q4 at the earliest. More like 2025 as I posted in 2023 at the time of the ‘bid’.

2 potential partners so I’d expect when ones agreed, it’s only then and with the CPR will a clear timeline for drilling emerge but I’ll stick with the above dates and indicative line and see the company now saying a drilling campaign for 2025 slipped in to the commentary.

[dddkkk1] 20/6/2024 06:26

Still no PSC.
I'm struggling to find the "wow" in this RNS.

[michaelwhight] 20/6/2024 06:19

PSC timeline extended to end of August

[jungmana] 20/6/2024 06:18

Is there anything new in thst rns?

[haggismchaggis] 20/6/2024 06:16

WOW!!!!!!!!!!!!!!!

[michaelwhight] 20/6/2024 06:08

20 June 2024 UPLAND RESOURCES LIMITED("Upland" or the "Company") PSC, Investment Partners, Sarawak Company Engagement & SK334 Progress Update Upland Resources Limited (LSE: UPL) is pleased to announce the following update: PSC & Investment Partners May 16th Upland confirmed that we are engaged with PETROS to finalise Upland's application for a Petroleum Sharing Contract (PSC). The Company awaits approval. May 16th the Company also confirmed letters of interest from two potential partners. These are now at the stage of detailed terms of reference subject to contract. Sarawak Supplier Engagement The Company is committed to maximise the participation of Sarawak companies on SK334. Upland is therefore pleased to confirm the following companies have been shortlisted and selected to work on Block SK334. · Environmental Impact Assessment - Sarona Konsult Sdn Bhd· Site preparations & civil works - Zecon Bhd· Civil and Structural consulting - TKY Consultants Sdn Bhd· Mechanical & Electrical consulting - Perunding KAZ Sdn Bhd· Early Production System and Mechanical Installations - Brooke Dockyards & Engineering Corporation· Geological and Geotechnical consulting - SI-Geospec Sdn Bhd Specialist International Supplier Engagement · Basin modelling & Pore pressure prediction studies - Schlumberger· Pore pressure analysis, Seismic risk profiling & Production scale mapping - ACT Geo SK334 Progress Update Upland is pleased to provide a detailed Progress Report for Block SK334 Onshore Sarawak further to the update of 28 March 2024. The progress report is now accessible on the Company's website at the following link: https://upland.energy/latest-updates/ Preparatory Work Streams - In Progress 1. Geoscience: including CPR, basin modelling, pore pressure assessment and well design2. Drilling: including all rig requirements, site preparation, mobilisation and spud3. Health, Safety & Environmental: including impact assessments and rig safety4. Supply Chain Management: including all local logistics & contracting, tubulars and long lead items5. Human Resources, General and Administration: including all recruitment of staff/sub-contractors and land management6. Finance and Contracts: including PSC, JV's, farm-outs, financing options and sovereign states engagement7. Supporting Group Activity: including supporting IR/PR, legal and financial services for SK334 long-term success The Company is working on many fronts to expedite drilling in the shortest possible timeframe. Once commenced the Company anticipates drilling throughout 2025 and beyond. Bolhassan Di, Upland Chairman and CEO commented: "In the period since the last update we have made significant progress in many critical areas, preparing us for a multi-year drilling campaign. I am pleased that some significant investment partners agree with our view of the prospectivity of Block SK334 and that we have established a best-in-class team to support our endeavours on what we believe are world class assets". For further information, please contact: Upland Resources Limited Bolhassan DiChairman and CEOGerry Murray COOAlbert May CCOTel: [phone] [e-mail] This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END