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Decent
SP bouncing off 3p again today on relatively low volume (4.4m reported).
Probably filled that 600k sell thats just popped up at 3.01p
Book looks much better now so should move up
SP this morning around 20% discount to BOD buying mid-January.
Stock - I doff my cap. UPL have now confirmed on X about their registration 👍
Thanks Stock. The question for me was whether UPL have registered with IMC. I will bow to your knowledge on this one 👍
Stuartv,
The interim results last year were published on 31 March. This is the perfect timing to do a presentation and it is only 3 weeks away (if they RNS the results on Friday 29th March or on 1 April).
If they weren't going to do that, they would not have bothered to register IMVHO.
Hi Stock I hope you are correct and that UPL have agreed to a presentation with IMC at some future date. The Twitter post (not on the official UPL page) reads like they are simply encouraging interest investors to register with them.
As they've signed up, the first meeting can't be far away. Possibly before news but also possible that they are waiting for the big news before doing a presentation, to give investors clarity on the news and what it means for UPL, as well as filling in a lot of blanks and answering investor questions.
I have attended several Investor Meet Company meetings for companies such as AFC, ALL, BHL, EOG, QED, and more. The meetings are very informative, enlightening, professional, and worthwhile.
I added UPL to my list a few months ago, as doing so lets IMC know that people are interested in a company, and they can they approach that company to see if they are interested in presenting. I guess a few other had added them too, hence why UPL have now been added to the IMC platform.
Remember to:
Add UPL to your follow list to be notified of meetings
Get your questions in at least 24h before the meeting starts
If you can't make it to the live meeting, the video will be available soon after for replay, and the Q&A will be available to read a couple of days later.
I really do believe that this is a key period - company making. When the first big news hits, it really will lead to huge value creation for all LTHs.
🔥 Finalised PSC with Petros.
🔥 JV details.
🔥 Rig & crew.
🔥 Volumetrics.
🔥 Drill site.
🔥 Oil & Gas.
🔥 Limbang/Lawas prospects.
https://twitter.com/bigguyad/status/1766734290941882550?t=t01NKdewTEotm9utRvYyHA&s=19
As a LTH this is starting to feel like mile 20 of a marathon, but it's the next six that are going to count and good luck to those staying the course.
The date isn't announced yet.
I don't see a date for Upland presentation at all..
I mean.. I do not see Upland event in that site..
When is it ?
Register NOW to make sure you're invited to UPLAND RESOURCES LIMITED's next LIVE investor presentation.
https://www.investormeetcompany.com/
https://x.com/InvestorMeetCo/status/1766013986628161966?s=20
Piece
Price jump at 1pm has something leaked??
Good post !
TBH I've not seen any ramping since the spike, where the short term day traders made their money and moved on. Those still in UPL can see that UPL are so deep in with the Government that the PSC is 99.99% theirs. I think the risk of someone usurping them being 0.01% is worth holding the stock and accumulating at the low price, while they work towards that PSC award.
UPL didn't get where it is today on Block SK334 without already being proven and trusted by the Government and PETROS. It doesn't need to prove itself any more than it already has done. As per the last update RNS "Positive feedback received from PETROS 'a good quality JTS report' and 'very good work done'"
And there are no delays. The work programme is detailed in the RNS.
"Partner & Strategic Engagement on PSC" starts Feb 2024. That does not mean it concludes Feb 2024 or requires an RNS until something requiring an RNS comes from the 'engagement'.
https://www.lse.co.uk/rns/UPL/strategycompanyops-update-n6c3aft0yhxk9cl.html
Other people can be scared away or think the grass is greener elsewhere, that's their choice and good luck with that. I prefer to look at things objectively, and from a value and risk reward perspective.
We're in a holding pattern as we await news.
I normally post every Sunday as a reminder- that's it to be honest.... and when there is news!
The recent timeline released by the company really guides everyone on what's coming. No need to ramp anything tbh.
Something worrying going on here. Now 3.1 on investor.com.
I note none of the people posting rubbish ramps are active !!
‘No we are done on the PSC front, there is no more work to do, hence the operational workstreams are now in flow’
I wonder why UPL are still working behind the scenes for a summer drill, if they haven’t been given the PSC go ahead! 🙈
It’s all for Petros to announce and UPL to follow!!
People seem to think this kind of work happens overnight!
Stockcheque. At last a decent post ref how this works as it’s PETROS (the govt basically) who will make the decision ref licence award via the PSC.
I know Upland has certain rights but have to prove their competence in all areas before anything will be awarded.
It’s a risk which will probably work out OK but not guaranteed. No one knows if there’s another entity out there working away at the govt / PETROS to ruin Uplands day.
Personally all these say nothing basically statements and SP ups and downs don’t give me great confidence.
I know I’ll get the usual abuse for this but don’t care really even though I have many mill shares all at peanuts.
People need to remember that this project is being driven by the government and run by the governments oil and gas company, Upland Resources are along for the ride as the subject matter experts. The project we PI's have invested in is much bigger than just UPL and is progressing in line with the project plans. Thus anything shown in the monthly presentation should be expected to arrive on time.
"Petroleum Sarawak Berhad (PETROS) is a state-owned oil and gas exploration firm established and owned by the State Government of Sarawak."
https://en.wikipedia.org/wiki/Petroleum_Sarawak