We would love to hear your thoughts about our site and services, please take our survey here.
Serif: No, by itself something that would appear mundane, but important for progressing deals with any interested parties.
As for other areas, many recognise that openly dropping details of our interest into a readily searchable global repository of data may disadvantage us right now (and may account for some things disappearing). I've said where you can find me.
Ponderings: Good to know. Someone else said same of Tuesday's.
It seems there were 3 sub-salt drills in Tunisia during 2019.
2 successful: 320 b/d + 27mmscf/d and 336b/d + 3.8mmscf/d
https://snipboard.io/m7jt0I.jpg
The 3rd ongoing at time of reporting. Private company: can't find info since.
Based on info about another couple of companies operating in the region, the relevant Tu HC committee appears to convene on the last Friday of each month this year.
For October, that would have been the 30th. However, on 28th October, tighter Covid restrictions were put in place in country which may or may not have disrupted it, perhaps unless planned as a virtual meeting. https://www.gov.uk/foreign-travel-advice/tunisia/coronavirus
Worth noting that our ICEO had an important event to attend that day anyway, for another opportunity. https://snipboard.io/tjLHd3.jpg
If the last Friday of each month is a correct assumption, the next committe meet would be today. There's something quite mundane that could be done that may better our hand in relation to potential Saouaf farminee interest.
Since the investor call last month, Tunisia's had a 10-fold spike in Covid cases and both UK and Italy red-listed, so face-to-face meetings with ETAP highly unlikely.
Hopefully, in country, work continues at present so the anticipated tech review of progress and onward plans goes ahead by tele/vid conference and gets their approval.
For those that missed it, a recording of the recent investor call is now available.
Technical Presentation - Tunisian Saouaf License: Pre-Salt Play
==> https://www.youtube.com/watch?v=GpwpV49gBI8
Or via company website.
Evenin' copperpot. Not sure exactly what problem you're experiencing or device you are using.
Follow the link.
Download the Zoom software (if not already). Install (if no9t already).
Go to link again. Click launch.
Or Run zoom application/app. Enter meeting ID 883 4602 7859
You should be told it's scheduled from Friday 10am. So do again close to the time and wait to be accepted in to the meeting.
Replacement RNS with corrected date
https://www.londonstockexchange.com/news-article/UPL/replacement-tunisia-investor-conference-call/14695605
Investor presentation announced as available on company website, includes additional detail on Saouaf and the prospective new Silurian 'hot shale' play.
==> http://uplandres.com/investor_presentation.pdf
Briefing call to investors this coming Friday!
==> https://www.londonstockexchange.com/news-article/UPL/tunisia-investor-conference-call/14695589
Ah, this may be better. UPL Saouaf block (Central + Eastern), superimposing stratigraphy section of a West-East (blue) line, running through the FK12-08 West lead and the Enfida West lead.
Also, schematically representing a projection of the new prospective Paleozoic sub-salt gas condensate lead.
==> https://twitter.com/_amnesic/status/1308157934040473602
Looked back at the CPR for structure diagrams showing the Triassic and faults.
==> https://snipboard.io/rCb8g9.jpg
Being no geologist, but guesstimating that if seeps follow faults, then these light oil seeps may be in the vicinity of our Enfhida West Lead (East of Saouaf block) and/or SNJ Prospect (mid Saouaf block). Silurian source, then likely some way W/NW, from a few to a couple of dozen km away. Zagouhan anticline centre runs approx parallel to TransMed pipeline about 5km NW of it.
Hi copperpot, It looks very akin to RB's specialities in the NA region. Some reseach starters can be found in these co news extracts ==> https://snipboard.io/Wk92Cf.jpg
Whilst at Gulf, RB worked under, and was influenced by, Mauro Beltrandi, a poineer of modern exploration approaches: not to get trapped into only following established truths and conventional methods, but think outside-the-box to find fresh ideas.
https://www.geolsoc.org.uk/en/About/History/Obituaries%202001%20onwards/Obituaries%202009/Mauro%20Beltrandi%20%201921-2009
RB was also Tech Director of Independent Resources, who were looking at another Silurian play in the Ksar Hadada block a few years back.
New play identified in UPL's Saouaf block in Tunisia.
Light oil seeps at surface indicate active mature, deep source rock, most likely, the prolific Silurian Hot Shale formation.
A sub-salt play, as Sonatrach's Algerian Hassi R'Mel gas field (85 TCF).
RNS ==> https://www.londonstockexchange.com/news-article/UPL/tunisia-update-new-play-identified/14691919
https://twitter.com/_amnesic/status/1307923126601342976
Cheers Serif. You're very welcome.
Shareholders/clarity: Valid point. Also, looking at it from another direction, unlike many companies, UPL can reach around 70% of holders through around half a dozen very direct contact methods.
Direction: Yes, that was the "right now" status. But I meant in essence: it's the 3 things we should all be expecting their focus to be on.
CEO: Present status mentioned at start (1 min max). As RNS. Timecale to replace BD as interim emphasised, exactly as RNS. BD ICEO duties supported by JK, AAN & DW for specific tasks. None of us asked further on this subject.
https://www.theborneopost.com/2020/09/16/sarawak-to-finally-receive-sst-cheque-from-petronas-tomorrow/?s=am
Today is Malaysia Day. The last of a little run of public holidays until end of next month.
Fair enough, Serif. That option is open. Some use it solely to message other investors directly and/or to dip into the group. My posts here are usually pointers to the more significant things from there anyway.
I understand the comment on comms. It's been double-edged sword for some time and they appear aware of that. Stay quiet until a tangible new big thing is ready - some moan. Give a samey update of no price significance/new big thing: some moan. 29-Jun RNS a somewhat dramatic example of the latter.
The company is clear on focus, aside of what anyone externally makes up or confuses themselves about. Apart from UK (IMF being fronted by Corallian), the main objectives are unchanged. It was said that right now: Saouaf is top priority (because it is contracted and has commitments). Next are the 2 SEA opportunities seen on recent slide (the newer - albeit more than a year in the works - possibly taking a little more attention right now).
BD said "Why should you expose your [potential] assets to certain competitors. Keep it quiet guys."
(referring to investors as much as themselves)
saintpeter7,
Yes, just 2 weeks to go. Two options? Interested party: drops out; or extends exclusivity period to enter into negotiation. There's usually always a 3rd option: by mutual agreement, extend the evaluation period.
IIRC, annual licence rent is due late this month, so either way "during the Exclusivity Period Upland UK will incur no further expenditure in respect of P2478"
My "OGA 32nd Round offer of awards" post below (3-Sep) links further hostory/info/thoughts. Also from Team (4-May).
Since, I've knocked up something more visual to show where our blocks sit in relation Eqiunor/Total.
https://snipboard.io/s63JOT.jpg