Upland Resources Share Discussion Threads

[soulsauce] 15/4/2018 19:16

Great post thejaba says it all.

[thejaba] 15/4/2018 19:08

Not been able to post for a few days, was away. However saw the rns last week and to say I was amazed is an understatement.

I think we could be sitting on the ground floor of probably the stock with the most upside on the main market.

things that stuck out were:

1. Chosen partner of the govt
2. At the behest of the Chief Minister
3 working with Brooke already

we all know that Sarawak basin has over 200 unmonetised oil fields...even one of thse would be a game changer for UPL...I would hazard a guess we will get a few being the "chosen partner"

add to the above the potential at WICK and the muted "1 TCF permit" in morocco which on its own would send the share price into stratospheric areas.

Now on top of that add that ...

1. The management are fully loaded in shares
2, The Board and their wives all hold millions of stick
3. The BOD are paid in total £100k in salaries a year
4, very unlikely to be any placings in the short or medium term
5. Tune group being a cornerstone investor
6. Availability of loans and cash in bank
7. the Management history in the sector (involvement in Cove which went from £2.1m to £1.2 billion in three years)
8. The BOD contacts in Malaysia

This has to be the most compelling stock on the LSE, and I duly added on the news. Will add as and when I can as I truly believe that by December 2018 if any news of Sarawak deals comes or morocco then we will be very lucky to be able to buy under 30/40p on this

[argyle underclap] 15/4/2018 14:55

Spangle - murky political waters indeed - arnt they all?

I usually find the flow of money and heavyweight names determine the direction of travel, cue Upl shareholder list. Ironically both the opposition party and ruling party called for the reinstatement of Sarawak (and sabah) rights. Long called for and finally, finally happening and not for the purpose of gerrymandering, no, just because it’s the right thing to do. Ahem.

Don’t know if there’s any connection with the Brooke operation and a certain James Brooke who in 1841 was made rajah or ‘king’ of Sarawak. The Brooke family greatly expanded the Sarawak territory. Anyway I digress...

Re value of the asset(s) Upl now have direct access to in Sarawak, I think it likely the market will take a certain leap of faith in believing the asset or assets to be greatly significant indeed, seeing as Upl and Brooke are now charged with exploiting the best of the best. I feel it likely Upl stock will react accordingly.

[soulsauce] 15/4/2018 12:59

Excellent find cudmore. The last paragraph in the upl piece basically says what we are all thinking could happen.

'possibility of quite considerable upside '

[ssrover] 15/4/2018 12:39

o/t PANR will bounce hard tomm from its oversold position. Broker upgrade also in the FT yesterday .

[cudmore] 15/4/2018 12:20

This week i’ve a feeling this will double at least!

[spangle93] 15/4/2018 08:58

Yes Argyle - one of the few reasons for the muted response, other than Caters point, is perhaps that so far there's nothing quantitative to hang a value on. People can "do the math" on Wick, but not yet on any Sarawak potential opportunities.

[soulsauce] 14/4/2018 16:15

Let's hope we can get some clarification and meat on the bones via vox.

[argyle underclap] 14/4/2018 15:17

The way I think of Sarawak is UPL and Brooke already have assets In the bag, it’s just choosing which one(s) to do 1st etc

[argyle underclap] 14/4/2018 15:13

From fridays rns a number of prospects well advanced. I’m sure Justin Waite on Vox market will probe Steve on timescales ( he usually does haha )

[soulsauce] 14/4/2018 15:01

I agree. The only question is when will this massive news turn in to solid asset(s) will it be soon or later.

[argyle underclap] 14/4/2018 14:52

Soul - as Fridays news and the wider Upland story sinks in and spreads I would think it likely the share price will naturally find a higher level to better reflect its position and prospects

[soulsauce] 14/4/2018 14:20

Just a little argyle.

I suppose the market is waiting for an asset to gauge it against but with Wick getting ever closer plus cash on hand one could easily argue that there is nothing in the share price for Friday's news.

Add in the Tune connection as well.

Could easily be trading above 4p with little extra news or may be even vox comment from SS.

[argyle underclap] 14/4/2018 14:05

Uplands the chosen partner of the government of Sarawak and Brooke. What kind of value do you place on a company in that unique envious position?

Impossible to say given the variables but the current £11M market Cap kinda feels like it’s in the wrong ball park

[argyle underclap] 14/4/2018 12:20

Great points guys and an informative logistical insight (at least for me) thanks Spangle

[soulsauce] 14/4/2018 09:16

Excellent posts Spangle and Argyle.

[argyle underclap] 13/4/2018 23:29

I think we are missing a point here.

A rather big one.

Maybe even a life changing one.

The simplest way I can say it is this, ‘after today’s news, UPL now have long term access to a near endless stream of opportunities in Sarawak limited only in number by commercial viability and their continued discovery.’

Today’s Rns: ‘The uplands board believes that considerable potential exists in Sarawak for further discoveries and for the reappraisal of existing fields.’

The enviable task of identifying and evaluating prospect after prospect until there is no prospect is UPL’s...

From Steve Staley in today’s Rns: ‘we are grateful to the government of Sarawak and Brooke (government owned body of Sarawak) for placing their trust in Upland Resources as their chosen partner.

The market has completely missed this.

Providing the prospects are there - and several have already been identified - today’s news heralds a very long term gravy train for UPL.

[argyle underclap] 13/4/2018 19:13

Putting Sarawak with its “number of opportunities” to one side just for a mo, Upl seem awash with several other potential high impact opportunities. Morocco is a place where the CEO worked for a long time and knows it well, politically stable, excellent terms available. Look what Sound Oil doing there. Also Tunisia, and as we know Wick is fast approaching. Lots of fat ducks lining up, and if landed we will see news flow becoming a torrent and in march 2017 the CEO was asked what his goal was, his reply was to make shareholders rich, zengas posts above highlighting the big boys loading up suggests they believe that is indeed on track

CEO: “The difference between a good deal and a bad deal is the attention to detail”

In that regard Steve and the team leave no stone unturned. Incredibly exciting times and in terms of news it could get very busy in here indeed as all these prospects get closer

[soulsauce] 13/4/2018 18:51

Thanks Zengas I like the sound of that.

[zengas] 13/4/2018 18:48

Holding since ipo soul and patiently waiting on these deals to materialise.

Avoiding dilution and fairly tight free float.

When you see what Hibiscus got ie 6500 bopd, 20 mmbo P2 and 39 mmbo 2C for $25m and $10m of that being paid from production so a net cost from their own funds of just $15m, though not saying UPL will do the same but this could get serious upside at just £11m m/cap current whenever they have net funds of $9m available. When you are a select partner of the government the opportunities could be significant. Gerard Walsh who helped form Cove is also here. If they get the right sizeable deal in Malaysia i'd be surprised if UPL doesn't get into the teens in terms of s/p.

[soulsauce] 13/4/2018 18:24

Thanks Zengas I agree there is a game plan afoot here. Not saying SS is going to manage another Cove type rise but I think he is going to give it a run for it's money.

Reading between the lines Zengas I think you are a tad excited by the possibilities here.

[zengas] 13/4/2018 18:16

Why would another Malaysian almost 2 years ago and who is not a director in UPL single out UPL for a sizeable investment back then of 22.5m shares ? What drew him to UPL ?

There appears to be some sort of major game plan and significant get on board investing with UPL - most recently Tune headed by 2 very successful and shrewd businessmen from that part of the world. They all seem to want a significant chunk of UPL. With that in mind it would appear to me that the assets to be acquired in Sarawak or wider Malaysia must be of a significant size to warrant their interest.

"... on 28th June 2016 that Mr. Aimi Aizal Bin Nasharuddin has purchased 22,500,000 ordinary shares. Following the purchase, Mr. Bin Nasharuddin holds 22,500,000 ordinary shares in the Company." That's 5%.
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From Linkedin (he's chairman of Skali and non exec director of Anzo holdings).

"Aimi Aizal carries over 25 years of business, corporate finance and hands-on operational experience. An accountant by profession, he started his career in Arthur Andersen & Co. as an auditor and business advisor where he was involved in mapping out strategies & implementing business processes for various sectors of corporates including manufacturing, financial & investment, property & development, construction and oil & gas based companies.
Among other ventures Aimi involved in include iron ore mining, oil & gas and renewable energy."

[cudmore] 13/4/2018 18:13

Market reaction to this news was strange today. I’m sure weekend press comments will wake peeps up and see a flood of buying Monday morning. Nicola Duke talking of 5p minimum here so i’m going nowhere until then. GLA

[zengas] 13/4/2018 17:54

Datuk Bolhassan Di (Bolhassan) – Non-executive Director
Bolhassan began his career in 1979 at Sarawak Shell Bhd. (a subsidiary of Royal Dutch Shell plc) where he gained project planning, design, construction, commissioning and start-up experience in offshore projects. These included the F6A project in Sarawak waters (the largest offshore gas project in the region), the E11 and F23 gas production projects in Sarawak waters and also projects such as the St Joseph and South Furious offshore oil production platforms in Sabah waters.
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Re the link that was posted by Euclid a week or so ago - Hibiscus Petroleum.
They completed the purchase end of March 2018 of 50% of the St Joseph, South Furious, SF30 & Barton producing fields for $25m of which $15m was paid up front. The balance to be paid over the next 2 years (most likely covered by production).

Net production to Hibiscus is over 6,500 bopd and gives them a net 21m P2 and 39m 2C.

Bolhassan and his wife were significant buyers of UPL stock last year.