Share Name Share Symbol Market Type Share ISIN Share Description
Upland Resources Limited LSE:UPL London Ordinary Share JE00BJXN4P16 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.55 643,104 07:37:39
Bid Price Offer Price High Price Low Price Open Price
0.50 0.60 0.55 0.55 0.55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -4.39 -0.80 4
Last Trade Time Trade Type Trade Size Trade Price Currency
12:19:50 O 355,050 0.5633 GBX

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Date Time Title Posts
13/10/202015:20Upland Resources 9,843
18/9/202010:05Upper limits for share prices8
10/9/202007:18UPL & BOIL, Wick and Sarawak Twins?7
13/6/201808:50Where's that admission doc and CPR?-

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Upland Resources (UPL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-20 11:19:510.56355,0502,000.00O
2020-10-20 08:43:050.5688,054496.01O
2020-10-20 07:17:010.53200,0001,051.00O
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Upland Resources Daily Update: Upland Resources Limited is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker UPL. The last closing price for Upland Resources was 0.55p.
Upland Resources Limited has a 4 week average price of 0.53p and a 12 week average price of 0.53p.
The 1 year high share price is 1.85p while the 1 year low share price is currently 0.43p.
There are currently 686,768,853 shares in issue and the average daily traded volume is 2,141,531 shares. The market capitalisation of Upland Resources Limited is £3,777,228.69.
tyler90: It is all there. Reveals that comms, PR need to improve. Most companies with such news would be shouting from the roof tops but maybe they are being cautious with managing expectations after Wick.Anyway, if the play is as good as Roberto thinks then the share price will not need PR/comms to boost it, fingers crossed!
tyler90: If it is suspended then the share price cannot go down any more I suppose lol!
yogaboy: Time for me to put all my cards face up on the table. This issue concerns two Zoom conferences and what I now believe to be several potential regulatory breaches. First conference 14 September: The first conference took place on or before 14 September. It was organised and hosted by Sasha Sethi of Flowcomms, who appears to have invited only a select few (at a guess, members of the UPL Twitter Group) to attend. The conference featured Bolhassan Di (Non-Exec Chairman and Interim CEO), Aimi Nasharrudin (Non-Exec Director, Brunei) and Roberto Bencini (Geologist). RB presented a summary of UPL’s position in Tunisia and narrated the slides that were released by RNS a week later on 21 September. AN presented a summary of UPL’s position in Brunei. Q&A followed the presentations. The conference was recorded, and the recording was uploaded to YouTube on 14 September by Flowcomms, but its URL was only made available to those who had attended. I believe this is a regulatory breach, which may have to be reported to the FCA. A note of the URL was forwarded to me on the understanding that I would neither share it nor disclose who sent it, so please do not ask me to do so. Second conference 25 September: The second conference took place on 25 September, following the publication of the Tunisia update on 21 September. It was again organised and hosted by Flowcomms, and was by open invitation issued by RNS on 23 September. The conference featured Bolhassan Di and Roberto Bencini. RB presented a summary of UPL’s position in Tunisia, and narrated the slides that had been released on 21 September. Q&A followed the presentation. So far (5 October), no recording of the conference has been made available to attendees or to the wider public or shareholders who could not or did not attend. This is a regulatory breach, which may have to be reported to the FCA. My communication with the Board: I raised the issue of the first conference with Non-Exec Director Chris Pitman on 16 September. At that time, CP was not aware that the call had taken place, and had not seen the recording. Since then, we have maintained regular communication by email and by telephone, and our discussions have broadened to include the failure to publish the recording of the second conference. I have copied the entire Board with my concerns but my ongoing conversation is with CP alone, who is working closely with Jeremy King to resolve this matter. CP has confirmed that the company’s failure to publish the recording of the second conference (which as at mid-afternoon on 4 October he had still not seen), is a breach of regulations and will have to be reported to the FCA if it is not corrected. It is arguable that it should be reported anyway and I get the impression that CP, as a UK resident director of a main market listed PLC, is even more concerned about this matter than I am. He is taking it very seriously. I now understand that the problem with the second conference is that statements might have been made which are not true. Statements were made, if I recall correctly, about a major E&P company breathing down our necks in Tunisia. Statements were made, if I recall correctly, that UPL would not need to raise more funds before the end of the year. If these statements turn out not to be true, then there have been further regulatory breaches. All this has to be based on my recollection because the recording has not been published. If my recollection is wrong, then of course I withdraw those comments. We need to know the facts. Both recordings must be published, with official company statements unequivocally confirming or correcting whatever assertions were made. Please join me in writing, emailing or telephoning the Board to apply pressure to resolve this matter to the benefit of all concerned.
tyler90: All views are valid but one thing I came away with was that this lot are genuine but a bit rough around the edges. Don't think they are out to deceive investors but at the same time need to be tough enough to not be deceived themselves. I think the assets will be their saviours. If Tunisia turns out as they are hoping it will then the share price will take care of itself and the board will get better and more confident with a successful project under their belt
tomboyb: Some good questions by investors - The current share price is near or at all time lows - But interesting nevertheless -
tyler90: I think most expected Sarawak to be the jewel in the crown and especially after the recent resolution of the issue between Petronas and Sarawak gov. but reading between the lines (possibly confirmed on Friday) the company seem to be quite excited about Tunisia and stating this as a priority in the last RNS is a good signal. Hence, in the short term (next 3 months), I expect more news flow from the Tunisia asset which will add value to the share price.In terms of the price many explorers have farm-out/farm-in agreements which realizes the value of the asset in the share price before oil or gas is produced. If the amount of gas is anywhere near the Hassl R'Mel field and the work over the coming weeks hints are that then anything is possible.
spangle93: Hi tyler - I don't want to be overly pessimistic, but can I question a couple of things in your post. First, in the "short term". How short do you see short-term, and how do you see this happening? Are you suggesting it can 20 bag in the short-term? Second, does it take into account dilution from the necessary funding that needs to happen, i.e. is it the market cap or the share price that went up 20x? TIA
spangle93: And when she's tweeting It's "strap seat belts on on on" But when she's speaking She'll say "money's gone on on" She'll say you stupid cluck Just because, I've got stuck With Uptown Res-our-ces La-la-la-laaaa La-la-la-la-la-la apologies to Billy Joel The thing is, when it started, the board was Dr SS, who knew the North Sea pretty well and was on a high from Cove, Norza Zakaria and Bolhassan Di, who were influential players in Malaysia and Sarawak, and Jeremy King, who's a dealmaker. Within a year, the lads had signed up Tune, a Malaysian company, as a cornerstone investor, and got a Tune board member as a result. So, looking for a portfolio that married the emerging automomous state of Sarawak with the North Sea played to its strengths. All was aligned - We had Hardstoft, Wick and Wressle, and an MOU with Brooke. Obviously we avoided Wressle in the end, probably correctly in hindsight because it was intended as short term low risk cash flow and hasn't yet flowed, but came a cropper on Wick. Then what happened. We got into Tunisia. Which part of left field was that from? Maybe SS's background, from memory? But hardly in line with a North Sea / SE Asia axis, unless you draw a great circle. The North Sea acreage made sense because it would have been SS who headlined that work effort Then the board gets shuggled around - Pitman in, then SS out, and another Malaysian banker (no typo intended) to join the Tune banker. Where's the board's balance? Where's anything but MOU's from Malaysia resulting from all this in country fire power. And Pitman, as it said at the time when he was shoved into the CEO role after a month on the board, and repeated as he was sidelined a year later, is an African specialist, so how did he fit that model? Apparently he will still "focus on sourcing and developing new business opportunities particularly in respect of the Middle East and Africa regions", which brings in all the expertise of our Malaysian focused, what? So we've now reached a stage where I am totally unclear what exactly is the USP for UPL? What makes us stand out, what strategy is there, what focus on which to base delivery. It was there at the start - we knew exactly what UPL was about. Normally I'd start with the latest company presentation to find out. Oh, that was in 2018, unless you count the low budget, out of date Zoom story, which is the only offering on the "media" page of the website. Or I'd look at an analyst's note... but the last on the website is from 15 months ago. There is however a helpful heading called strategy.... Operator seeks material stakes in oil and gas plays that represent an attractive risk – reward balance for its shareholders. We use our broad industry experience, excellent contacts and technical expertise to source, assess and secure the best assets. We are able to move quickly to an investment decision. Operator will consider acquiring stakes in assets ranging from frontier exploration to existing production and can participate through both farm-ins and applications for open acreage. Operator has a large degree of flexibility in choosing the form of the joint venture and hence is better able to provide a mutually beneficial partnership to its co-venturers. Where it says Operator, it originally said Upland. But I replaced it with "Operator" because this is so generic - half the AIM oilers could say exactly the same thing - not all, because some actually have distinguishing, clear strategies. PXEN for instance. OK, they suck too, but at least they have a clear strategy, something that you either believe in or you don't. Maybe tomorrow morning there will be a fantastic RNS and I'll look an idiot. If so, then I don't care if I do. ;-) In the meantime, if anyone can put together some coherent sentences about what UPL stands for (the company, not the acronym), and the direction of travel to achieve whatever strategy it has, I'd love to hear it, because the directors certainly don't seem like they want to, or worse, don't seem to know.
tyler90: Did not expect to come back to an increased share price and UPL did not disappoint me on that one.Another MoU is positive and so is the sideways movement of the CEO.Nothing personal against the ex-CEO but, although he meant well, he was out of his depth and the pandemic did not help.I am glad the BoD realised this very quickly and have taken action. Many companies cannot see when things are not going according to plan.Must be the holiday but feel like today's news is actually positive for the future direction of the company
thejaba: Throwing Have u never asked yourself that since the twitter private group started the price has gone from 4.4p to 1.3pThat the group insists that there is no selling whatsoeverThat even with the group buying in oodles the share price retracesEvery day the share price goes down....we hear the chorus of "MMs need stock"That since Amnesic decided to invest three days a week marking up every trade and collating everyone's holdings that everyone's sat on huge losses.That Sasha used to say SS is very very busy and doing good stuff, and now we hear CP is very very busy. That CP himself said it will be a seatbelts ride on, and we all heard it, and now Amnesic said we all heard wrong etcYou lot aren't kids, you are grown adults hanging on the whim of other holders instead of holding the company to account.My gripe isn't with the company it's with those holders on a private group that are manipulating the share price in the interimThe price will so what it does in the meantime, but sometimes objectively look at the positives and the negatives, and ask yourself....what exactly has the private twitter group with Sasha and Amnesic leading it actually done for the SP
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