GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Meetings with Sarawak state and Petros to finalise the PSC application - SUPERB!
2 LOIs with Majors - Exxon were also in KUCHING last week with Petros and the state.
I see this coming back to market with a PSC or one in the very near future with massive JV names!
No chance of it recommencing trading with the name of the chosen partner. That is just very misleading. Trading will commence gain tomorrow or Monday. It will take weeks for the PSC details to be finalised and published.
Where we do agree is it is b-----y good news !!
Simply beautiful news to read....whoever is negative now is short on the stock...ohhh dear :))
So pleased I kept the faith. Not there just yet but all looking good. A big thanks to many of the positive guys on this board who conveyed the voice of reason. GLA
MrBig,
Shell and Chevron not in the picture for the JV as recently pulled out of Indonesia so likely the region is not a focus for them any more. Exxon have to be favourite.
https://www.reuters.com/business/energy/indonesia-expects-oil-gas-investments-rise-29-17-billion-2024-2024-05-16/
I thinks we very close now to that PSC.. no guarantees.
A little bit more patience should not be out of order!!
GLA.
I believe its Exxon as front runner - they were also in London last year around the same time as UPL too. Ive been trying to find the links to share
Have you looked at the date on that photo ? March, 2023 !!
Not sure what your reference to the date is, my point is simply that PETROS are in bed with Exxon.
Yes thats it, and there another aswell!
Lots going on between Petros and Exxon as they want to be involved!
Ah, okay. I thought you were trying to link the photo directly with Upland. Fair enough. They simply know each other. Exxon would indeed be a major prize as a partner.
How is that building behind the photo stying up ????? great design
"simply know each other" is seriously underestimating their position.
"simply know each other" LOL!! PETROS flew from Malaysia to Houston to visit their campus, that is not a case of "simply know each other".
Nor is Petros the same as Upland !!
That RNS is the reassuring piece of news that would have been beneficial to release this morning. Still a long way to go and be cautious but a derisking RNS nonetheless.
It's still only finalizing an application but another step closer to what we all hope will be a JV and PSC announcement in our favour.
The PSC application was given in last year (September) - `Petros have received the PSC application positively`
This meeting with the Sarawak state at the table would have been the final mop last details up before approving the PSC, not the start of the application!
Id expect the RNS ASAP!
Deft, despite reading that RNS, you’re still attempting to be negative. Are you sure you want this to do well?
I’m also confused as to why you think it would have been beneficial to release this morning? We’re suspended…
Me too. FINALISE to me says getting the final wording right for approval, as you say, it's not the start of the application, it's the end game.
PSC can be issued without JV partners in place. As per the below, the issue of the PSC does not need the JV partners in place, it will come first and JV partners sorted out as a separate workstream.
"Discussions have been to finalise Upland's application for a Petroleum Sharing Contract (PSC)."
"While the Company awaits the PSC award Upland also confirms that it is now in discussions/negotiations with five established E&P companies, including Oil & Gas Majors to participate in the Exploration and Production of Block SK334."
I'm not ramping so I'm negative 😂
I'm balanced that's all. Some aspects worry me Most don't, it isn't bad way to view your investments, it keeps you on your toes and keeps you grounded from believing everything Rampers write.
Being positive about a stock you own does not make you a ramper, please learn the difference between positivity and ramping.
Ramping is posting:
THIS WILL BE £1 TNEXT WEEK!!
DON'T MISS OUT, GET IN AT THE BOTTOM OR LOSE OUT!!!
I JUST BOUGHT MILLIONS OF THESE, YOU SHOULD TOO AND BECOME RICH WITH ME!!
People that are not positive about a stock they own should sell out and buy something they are positive about, rather than worry themselves to death over every worst case scenario they can think up.
There’s a distinct difference between mindless ramping and reading a very optimistic RNS and feeling positive about your investment.
How would it have been beneficial to release that RNS this morning?
Only so all information was released in one go for read and digest, as I said this morning good news with regards to PSC or JV would be needed alongside those results. As it happens some has now been released this afternoon, it gives me a much better feeling than the one I had this morning. Not that it was a bad feeling but more of a cautious one. Again I tried to point that out many times but because I wasn't all bells and whistles still got shot down.
I won't be fully satisfied until everything is signed sealed and in place and the well is drilled and producing. That is why reevaluating positions in stocks keeps you making money. I want this company to do as well as most other people on this board, I genuinely want every single person on here to make money from this stock, just constantly re evaluate where you're at and what you want from it.
All the best