Upland Resources Share Discussion Threads

[nlmbidc] 01/5/2018 13:11

An MOU is only a piece of paper until there is one or more projects behind it.

At the moment you are only backing potential.

Enormous potential but still only potential.

[argyle underclap] 01/5/2018 13:08

Jabs - u brought the Dyson?

[thejaba] 01/5/2018 12:41

I go away for half a day and you lot cant manage this in my absence, seriously man up fellas.

[jkx_rerate_is_on] 01/5/2018 12:36

JKX

Almost 10,000 boepd
40m mkt cap
Low cost drilling to increase production
Cash flow positive
Ukranie now one of the best places in the world to drill based on new regulations
Shares rerating after a very poor few years, now at 52 week high
Very little free float avaliable.
Rerate to 50p area now in progress.
Up 20% already today.

[soulsauce] 01/5/2018 12:34

And let's not forget if things happen as SS says then between now and July we could get nth africa news anytime. Wouldn't want to be out then 😉

[argyle underclap] 01/5/2018 12:29

Yep! Uptrend! I’ll be happy to buy any dips, dip in one might say

[doughty] 01/5/2018 12:10

agree soul...there is not a chart in existence that only went up...everyone has their own agenda...plenty of shares changing hands...let the trend be our friend !

[soulsauce] 01/5/2018 12:04

Won't be a bad thing to have a period of consolidation.

[stark industries] 01/5/2018 12:02

Taking a back seat from this one now as now await news flow

[doughty] 01/5/2018 11:57

Nowt goes up in a straight line !

[argyle underclap] 01/5/2018 11:36

Fight! Some1 just landed a 500k buy blow at 3.77p! Take THAT! Mr. Topslicer!

[argyle underclap] 01/5/2018 11:16

If you know the UPL story you know this is not the time to be selling out, topslice yes, sell out no. So a likely topslicer lurking out there, somewhere, maybe even watching us right now, smiling to himself as we ponder, has he done? Hopefully. Matters not, this is re-rating irrespective

[druidinvestor] 01/5/2018 11:06

Yesterday and today. No doubt someone slicing their position. This will have been a 3 bagger for some longer term holders.

[euclid5] 01/5/2018 08:49

"The identified and assessed prospects and leads within the block suggests that the study area may contain a total undiscovered in-place resource of up to one billion barrel of oil equivalent (JX Nippon, 2015).

[euclid5] 01/5/2018 08:47

Another good report for any technical people out there to read:

Exploration history and petroleum systems of the onshore Baram Delta, northern Sarawak, Malaysia

Page 25

The lowstand delta play, the lowstand turbidite
play, the topset highstand delta shoreface play in the MiriAsam
Paya Anticline area and the moundform stratigraphic
play in the southern limb of the Badas Syncline are among
the identified untested plays.

The identified and assessed
prospects and leads within the block suggests that the study
area may contain a total undiscovered in-place resource of
up to one billion barrel of oil equivalent (JX Nippon, 2015).
In addition to above, the Miri Field presents a significant
near field exploration opportunity with deeper untested fault
compartments. The gas-condensate with some 120 m of
hydrocarbon column discovered by Miri No. 604 deserves
further appraisal.

A development plan for Adong Kecil West is still outstanding. In case of future improving crude oil prices, more enticing exploration terms and additional
3D seismic data, we foresee a new revival of oil and gas
exploration activities in the onshore Baram Delta area.

[stark industries] 01/5/2018 08:41

Euclid5 great post and reminder to us all that we are in a good place.UPL is not a one trick pony and I can see multiple verticals to monetise from.

[euclid5] 01/5/2018 08:34

State-backed Petronas is starting 2013 on a high note, with new oil and gas discoveries made onshore Sarawak.

The company confirmed in a statement emailed to Rigzone Friday, stating that it has found oil and gas in the Adong Kecil West-1 well in the onshore block SK333, after a lapse of 24 years. The last onshore discovery was the Asam Paya Field in 1989, also in Sarawak.

The well, drilled by JX Nippon Oil & Gas Exploration to a depth of 10,400 feet (3,170 meters), encountered approximately 1,145 feet (349 meters) of net hydrocarbon thickness. Two drill-stem tests achieved flow rates of 440 barrels of crude oil per day and 11.5 million standard cubic feet of gas per day.

JX Nippon, the operator of SK333, is at present conducting technical assessments to determine the resource volume of the field.

Based on the drilling results, there are also indications that the deeper sections of in the onshore area could hold additional upside potential for hydrocarbon accumulation. Drilling operations are however more challenging for the deeper reservoirs and rigs with higher specifications will be required to test such intervals.

To-date, three discoveries have been found onshore Sarawak: the Miri, Asam Paya and Adong Kecil West fields.

"These discoveries prove that onshore Sarawak has the potential for more oil and gas accumulations where the Miri field, Malaysia's first oil field, was discovered way back in 1910," Petronas said in a statement.

[euclid5] 01/5/2018 08:27

another good report worth reading below:

[euclid5] 01/5/2018 08:17

Hi Zengas,

Take a look at table 2 & 3 from the report below, it shows the East & West malaysia oil & gas field discoveries & the status. Plenty in the To Do status

Prefer UPl get onshore oil field as it will be cheaper than developing an offshore well

Table 5 is also interesting too!

ASSESSMENT OF UNDISCOVERED CONVENTIONALLY RECOVERABLE PETROLEUM RESOURCES OF MALAYSIA AND BRUNEI

[stark industries] 01/5/2018 08:07

ArgyleYes agree with your 100 Mcap Slowly but surely the value will out as it always does :)

[thejaba] 01/5/2018 08:04

Argyle agreed.

The MOU is a real game changer and is prompting the re-rate.

The government have chosen UPL as their preferred partner to work with Brook to exploit their O&G assets. Just think about that. The partnership has the full backing and was at the behest of the Chief Minister.

I think that alone as Argyle states is worth a huge amount. Add onto that Euclid's links yesterday which basically in laymans English stated that the Basin is awash with oil...literally.