Upland Resources Share Discussion Threads

[doughty] 09/5/2018 07:21

I listened to the podcast again...

I think SS is sending a very strong ( and somewhat hidden ? ) message when he talks about the convertible loan notes.

All on UPLs terms and taken up by the chairman...tune and the company's brokers

Do you think they signed up to such favourable ( to UPL ) terms without thinking that there was a little pot of gold waiting for them ?....and us !...they will have asked how they will profit from it and I have no doubt that will have been told !

[trulyscrumptious] 09/5/2018 06:31

Thanks for the podcast link SI. I bought in here yesterday and am getting to know more about the company.

[stark industries] 08/5/2018 21:55

Commodities

Goldman Sachs:

The case for owning commodities has "rarely been stronger" by Courtney Goldsmith 2 May 2018 5:09pm Goldman expects oil to peak at $82.50 a barrel in July (Source: Getty) The strategic case for investing in commodities has "rarely been stronger" than it is now, according to Goldman Sachs. In a note published yesterday, Goldman Sachs researchers said commodities are the best performing asset class of 2018. According to the lender's figures, commodity markets are outperforming equities by eight per cent, with a year-to-date return of seven per cent. "As we have argued since going 'overweight' in 2016, the strategic case for owning commodities has rarely been stronger." "While commodity returns are volatile... they also offer the best returns for years at a time. We believe the macro backdrop for commodities is as good as we have seen in years, suggesting large allocations to the sector to benefit from such returns," the note said. Despite this, Goldman Sachs' researchers said investors are still wary of commodities due to a decade of weak performance on commodity indexes, a fear of buying the top and a lack of a structural catalyst like Chinese demand in the 2000s. "These factors combined with fears of geopolitical premiums embedded in oil and metal prices due to US trade and foreign policy concerns has led to a high level of scepticism and hence an unwillingness to embrace the recent rally." However, researchers led by Jeffrey Currie, said: "The key is the persistence of the current higher prices, not that prices are likely to trend substantially higher from here like they did in the 2000s." Goldman forecasts oil to peak at $82.50 a barrel in July and said copper is expected to peak at $8,000 per tonne in December, but it said it

sees "significant upside" to its 2019 forecasts

[finncairn] 08/5/2018 21:44

Trump pulling out the Iran deal could see oil hit $90 this year.

[stark industries] 08/5/2018 21:40

Shells connection to Brooke dockyards, UPL's connection to the Malaysian government and now an MoU with UPL and Brooke regarding development in Sarawak,

its just a matter of connecting the dots...

[stark industries] 08/5/2018 21:04

I RECOMMEND YOU ALL TO HAVE A LISTEN TO THE PODCAST (LINK BELOW)





Dr Steve Staley CEO of Upland Resources #UPL talks about the Memorandum of Understanding its entered into with a Sarawak State entity to jointly assess explore for and develop hydrocarbon assets.

(Interview starts at 12 minutes 22 seconds) On the Vox Markets Podcast - 16th April 2018

hxxps://audioboom.com/posts/6810054-versarien-vrs-upland-resources-upl-malcy-on-amer-sdx-ppc-echo-trin-rrr-fpm-hur




Excellent summary and reasons to invest:

1. Robust Financial Position

2. Near term Wick news which UPL has 40% stake in and could be transformational

3. More news on Sarawak and N African opportunities soon - things are very much going to plan in N Africa and SS said they are hoping to say something in near future...hopefully before next Sarawak news

4. Sarawak is the equivalent to the North Sea in Scotland in terms of it being a major resource for Malaysia

5. Shell have stated that potential for new discoveries in Sarawak is significant

6. Loan note holders are invested for longer terms rather than quick profit. Upland is in control of finance facility and the terms

7. MCAP is only £18 Mill. This has plenty of upside and multi bagging potential IMHO.

Dont take my word for it...listen to the podcast...

hxxps://audioboom.com/posts/6810054-versarien-vrs-upland-resources-upl-malcy-on-amer-sdx-ppc-echo-trin-rrr-fpm-hur

[soulsauce] 08/5/2018 20:13

I see sdx have scored 7 hits out of 9 drills in Morocco, the latest hitting condensate. Wonder how close we are to getting something in that post code.

Very exciting here.

[argyle underclap] 08/5/2018 17:58

Henry - yea, funny one that, it seems to be a fairly common mistake with some small cap stocks, that by default, it therefore belongs to AIM.

Shoddy error.

Thankfully the rest of the piece hangs together well.

For those that don’t know, UPL has a main board market listing.

[henrymcivor1] 08/5/2018 16:46

" this approach could separate Upland from many fellow AIM resource plays " ,bit of a clanger in there but nevermind.

[doughty] 08/5/2018 14:52

Its a metaphor jaba :-)

[doughty] 08/5/2018 14:51

Its possible soul but its a little risky because its not sustainable and if its someone with a notify able holding ( such as stark ? ) then we will eventually find out !

[thejaba] 08/5/2018 14:51

My hands aren't little btw

[soulsauce] 08/5/2018 14:47

Yes doughty just wonder if someone is feeding a few in to the market to aid liquidity?

[doughty] 08/5/2018 14:44

Re holdings in the company...not sure if when director's holdings are declared is it just them or does it include wives/family etc ?Anyway...Directors and corporate brokers own 47% of the companyTune own 17% making a total of 61%That leaves 39% held by othersIn the last month 25% of the whole amount of shares in issue ( 64% of the shares held by others ! ) have been traded. I think lots of those have gone into very tight little hands who see a rosy mid/long term future. For that reason alone this will fly on good news/further demand for shares !Feel free to correct my figures...they are from the company website...RNS and financial website data

[yogaboy] 08/5/2018 14:18

Gersemi, that particular political connection and influence comes from Non-Exec Bolhassan Di, who holds 11million shares :)

[gersemi] 08/5/2018 13:43

I'm also here for the Sarawak angle - i'm not au fait with this company in its entirety but when an outfit enters into a MOU with a state entity then it does suggest a degree of political connection and influence - favourable deals on assets? -

[cashandcard] 08/5/2018 13:40

Argyle,


Absolutely. It is a matter of time before the first Sarawak asset lands. The MoU means we have a kind of 'first mover' advantage for smallcaps looking to move into an oil province previously out of bounds to them.


Cash

[argyle underclap] 08/5/2018 13:15

the ‘unique’ MoU in Sarawak alone justifies a re-rate of many multiples, that’s BEFORE any of the well advanced prospects land

£17M cap doesn’t cut it.

Try £100M for starters imo

Then add in the well advanced high impact prospects in Morocco and Tunisia and Wick, and it’s very easy to agree with the CEO in saying this is undervalued.

The re rate has barely begun.

[thejaba] 08/5/2018 11:51

Huge volume today and still over three hours to go

[cashandcard] 08/5/2018 11:43

People will begin to wake up to the potential UPL have here in the UK, it is transformational, and actually on course to be drilled in the next quarter;

"27/02/18, Steve Staley:

The appointment of Fraser Well Management is another important step towards realising our goal of spudding the Wick well in Q3 this year. Good progress is being made, the environmental survey work over the surrounding area being completed earlier this month. This near term drilling opportunity opens Upland up to potentially transformative value growth and I look forward to updating shareholders on further progress when appropriate."







Cash

[euclid5] 08/5/2018 11:35

not much until it was proved up as being a commercial find

But it may trade at a percentage of the NPV value as it will be early stage

[tburns] 08/5/2018 11:33

What would that asset value do to the share price Euclid if fairly reflected?

[euclid5] 08/5/2018 11:29

High relief structure brings large upside – possible > 50 million barrels oil Recoverable

 Estimated NPV(10) of the project is £210M

40% wi = £62m net to UPL

[cashandcard] 08/5/2018 11:19

This was posted by Croas on the RBD board sometime back. On slide 9, it has the only image I've seen delineating the 'Wick' prospect with Lybster oilfield in the image too. Wick is going to be drilled later this year with UPL @40%, and RBD aswell as others having lesser interests in the drill. RBD have indicated they would like to buyback some of their farmed out position via buyback option they have. Now look at the numbers on that slide for RBD's indirect interest (via their Subsiduary, Corallian). The prospect could hold prospective resources (P50) of 250mln bbls. Simply huge, particularly for a band of small explorers.

hxxps://reabold.com/wp-content/uploads/2017/10/Reabold-Presentation-Feb-9th-2018-FINAL.pdf



Cash