Upland Resources Share Discussion Threads

[blakesmith] 09/9/2024 12:27

Doubled short Once Psc is denied mms will crash this dog Pumped by the rampers who managed to scam it to 8p Company too stupid to realise Damage been done Now Psc is not guaranteed Next Denied and crash

[blakesmith] 09/9/2024 12:13

Where are the pumpers now

[blakesmith] 09/9/2024 11:14

Don't be thick

[haggismchaggis] 09/9/2024 11:05

Why is nobody mentioning the 12% premium?

In a market which is difficult to get placings away without a big discount, UPL have achieved something very rarely seen, a placing at a 12% higher price.

This tells us a few things:

1) K Meranun believes the company is so ridiculously undervalued that putting in £600k at a 12% premium is a very good deal

2) K Meranun has a huge amount of belief in UPL getting a PSC from Sarawak

3) K Meranun can see the huge upside to the UPL valuation on successful drilling

4) K Meranun might possibly know people in the know in Sarawak, being a VIP themselves they are bound to rub shoulders with such people, although obviously there is no way of proving they got a nod from anyone

[henrymcivor1] 09/9/2024 07:33

K Meranun put 330000 in at the end of May as well so hes put 930000 in..Follow the money...

[simon8] 09/9/2024 07:17

Positive, these guys would not be sinking their own money in if this was a dead duck... they have influence and are likely very close to the politics! Hopefully we will receive the news we are hoping for soon. Even if you are "mega-rich" £600k is not a sum you'd happily throw away.

[henrymcivor1] 09/9/2024 06:21

https://www.investegate.co.uk/announcement/rns/upland-resources-limited-npv--upl/strategic-investor-subscription/8405264£600k top up by one of the richest guys in Malaysia...lovely

[zengas] 05/9/2024 08:11

In other words you don’t know.

[haggismchaggis] 04/9/2024 13:27

Zengas is just another troll wasting their life talking BS about stocks they claim to have no interest in. Either that or trying to keep the price down while they load up. Either way, you shouldn't believe a word they post.

[haggismchaggis] 04/9/2024 13:24

Moody's Ratings affirms Sarawak's A3 rating.SARAWAK, which has been actively expanding its tentacles into sectors like oil and gas (O&G) and banking, has seen its ratings reaffirmed by international agency Moody's Ratings..In a statement released last week, Moody's Ratings said it had affirmed the State of Sarawak's long-term issuer rating at A3 and its Baseline Credit Assessment (BCA) at baa1; with the outlook remaining stable..It said the rating affirmation and stable outlook were driven by Sarawak's sustained credit strengths, including a robust balance sheet characterised by sizeable fiscal reserves in excess of the state's net direct and indirect debt (NDID), as well as the state government's track record of prudent fiscal policies that contribute to its resilience to structural credit challenges.."The stable outlook reflects our expectation that Sarawak will be able to sustain its solid financial buffers over the next few years even as it increases development expenditure and potentially increases borrowings in pursuit of its economic diversification goals, as enumerated in the state's Post Covid-19 Development Strategy 2030.."We expect Sarawak's fiscal reserves to be stable and grow modestly under our current assumptions of healthy commodity prices over the next few years, remaining sufficient to cover all of NDID for the foreseeable future," it said..hTTps://themalaysianreserve.com/2024/09/02/moodys-ratings-affirms-sarawaks-a3-rating/.

[zengas] 04/9/2024 12:11

"Further face to face meetings have been planned between Upland and the Government, the company will update the market in due course."

If they met them yesterday, when exactly are the next meetings ? Next week, next month October ? two months ? I said late 2023 that they'd not drill in 2024 despite all the clamour re rig/crew selection and now September. Rig isn't just likely to be sitting around indefinitely waiting for Uplands slot.

Begs the question why they still haven't got the PSC 10 months after it was completed and submitted and then Petros saying 2 months ago it was going to competetive bidding in 2025 after further technical work.

If it does go to competitive bidding in Aug 2025 and if it follows a correct process for all to look at re the data evaluation, submission and then time for bids to be evaluated/decided on - i still see no earlier than 2026 for a decision unless the govt do something different to Petros.

It smacks of a desperate case to keep the share price up because if the above scenario pans out they'd need more cash and as strong a share price as possible to raise future funds.

9 years since listing and what track record do they have for the Government compared to possible other contenders ? What other companies are trying to force the govts hand other than UPL ?

[haggismchaggis] 04/9/2024 12:09

"a very constructive meeting was held".They can't say too much but for me they have said enough with the above..With RNS like this you have to read between the lines..Very constructive, more meetings scheduled, it's all very positive..It is progressing along the path to issue of a PSC. Either you believe like me that will happen, or there's no point being on this board wasting your time.

[hoper1] 04/9/2024 08:32

That there will be another meeting!

[soulsauce] 04/9/2024 07:12

There is no news it's just the same old thing from Bohlassen and Co.

[ripvanwinkle3] 04/9/2024 07:09

What's the actual news here? What was the outcome of the meeting?

[jungmana] 04/9/2024 07:02

Photos of another useless meeting

[hubs] 04/9/2024 06:43

Crisps were eaten, and a packet of those dried noodle things which are quite yum. Not much other detail from the photos...

[haggismchaggis] 04/9/2024 06:10

Government Discussions - UpdateUpland Resources limited (LSE: UPL) is pleased to update the market on a discussion held in Kuching, Sarawak at the Government Cabinet Office on September 3rd.The Company has been in communication with the Sarawak Government, the final authority for Onshore O&G Assets, in relation to a Production Sharing Contract (PSC).Cabinet Office Meeting, September 3rd 2024Bolhassan Di, Upland Chairman and CEO, together with UBO board met in the Government Cabinet office, with the Premier, Deputy Premier and Deputy State Secretary of Sarawak, a very constructive meeting was held. The Premier and the Deputy Premier hold authority over Natural Resources and Urban development in Sarawak. Further face to face meetings have been planned between Upland and the Government, the company will update the market in due course.

[simon8] 04/9/2024 06:09

Indeed, RNS, they have had a "constructive", meeting... doesn't really add that much other than more meetings to follow and emphasising the State Govt is the final authority on award of the PSC. Let's hope those strong relationships and partnership history now pay off. No timeline but hoping those meetings are held in short order and not dragged out over endless months!

[haggismchaggis] 04/9/2024 06:05

Cabinet Office Meeting, September 3rd 2024Bolhassan Di, Upland Chairman and CEO, together with UBO board met in the Government Cabinet office, with the Premier, Deputy Premier and Deputy State Secretary of Sarawak, a very constructive meeting was held. The Premier and the Deputy Premier hold authority over Natural Resources and Urban development in Sarawak. Further face to face meetings have been planned between Upland and the Government, the company will update the market in due course