Member Info for Bridgedogg1

It is certainly incompetence to generate $2bn revenue and lose $200m.

If sales are going through at 2.93 and buys at 2.98 then a transaction at 2.92 is a sell..

Sham, do these 'mug punters' you keep talking about include the institutions that backed the £3m raise, or the 2 large holders that requested to add another £1m, or the buyer who recently TR1 +3%, or the majority of the BOD that added over the last few days, or the mysterious buyer who is picking up 1m chunks when desired? All these on one side of the trade and you on the other. Who's the mug?

Sham has a short. Not worth engaging.

Jimmy wants in at 0.5p, not worth engaging.

Sellers out

Directors buying

PSC award due

£5m in the bank

What’s not to like?

When you have a bargain like this you just have to hold until it comes good.

It’s easy to contact them, they are happy to confirm what has already been advised in the last 4 PSC RNS. PSC is still on track and we are awaiting imminent confirmation now that the application has been made.

Jimmy is panicing

Bolhassan Di – Chairman and Chief Executive Officer

Mr Di has many years of political and commercial experience within the Sarawak region. He has held

positions as Chairman of the Public Accounts Committee, Assistant Minister in the Sarawak Chief

Minister’s Department and subsequently Assistant Minister at the Ministry of Infrastructure

Development and Communication. A graduate of the School of Engineering at Sheffield University, he

began his career in 1979 at Sarawak Shell Bhd. (a subsidiary of Royal Dutch Shell plc) where he gained

project planning, design, construction, commissioning and start-up experience in offshore projects.

These included the F6A project in Sarawak waters (the largest offshore gas project in the region), the

E11 and F23 gas production projects in Sarawak waters and also projects such as the St Joseph and

South Furious offshore oil production platforms in Sabah waters. From 1987 to 1997, he was also the

Chairman of the Miri Port Authority, now a key economic catalyst in the industrial and economic

development of Sarawak. He has also had significant oil and gas experience with Shell in South Korea,

Singapore, the North Sea and the Netherlands.

Dixon Wong Kit Seng - Non-Executive Director

Mr Wong is a director of a number of businesses owned by Tune Group and has been involved in a

variety of roles within the organisation including corporate finance, group strategy, driving organisational

change and synergies across the group. One of Upland’s major shareholders, Tune Assets Limited, is

part of the Tune Group. Mr Wong has previously worked for HSBC Bank Malaysia and the Bank of

Tokyo-Mitsubishi. Mr Wong holds a BCom, Accounting and Finance from the University of Queensland,

Australia and a Master of Business degree from the Queensland University of Technology.

Aimi Nasharuddin - Non-Executive Director

Mr Nasharuddin carries over 30 years of business, corporate finance and hands-on operational

experience. An accountant by profession, he started his career at Arthur Andersen & Co as an auditor

and business advisor where he was involved in mapping out strategies and implementing business

processes for various sectors of corporates, including manufacturing, financial and investment, property

development, construction and oil and gas-based companies. He later gained further expertise in the

corporate world at CIMB Investment Bank Berhad, the largest investment bank in Malaysia, where he

was integral to some of the largest transactions involving financial restructuring, business reengineering, takeovers, reverse takeovers, acquisitions and corporate financing.

I think if we have worked with petros to complete the application then it is at the stage of awaiting approval then that's a fair assumption to make. If something has changed we don't know.

We have a large number of local companies ready to provide services for the contract and 2 IOCs lined up for JV as soon as PSC lands. If it lands this will gap up 200%+ very quickly. If there risk? Yes. You assume investors here are stupid and dont understand that and so have to keep spouting it every 30 mins. You have no special knowledge that we dont. The only people that may know more than us is the large buyer. Maybe, maybe not. Time will tell. Nothing is certain.

If the PSC lands then its not all lies is it? The share price has dropped from 4.4p to 1p as a result of the 'PSC done' to 'PSC shortlist'. Many things out of the companies control and a shame you lost money here but plenty to be made now. I'm confident that we will get something valued at multiples of the current mcap.

It certainly does. Should get in now and enjoy the ride

Looks like a general market sell off following US jobs news, every stock on my list is red. Meanwhile the buyer is still interested, picking up 1m chunks at a time.

PSC, Joint Venture & LOI's Update

Following the meeting with key heads of Sarawak State in London on April 23rd Upland is pleased to confirm that a number of meetings have been held in Kuching throughout the week commencing May 13th with key officials of Sarawak State and with Petros. 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.

Upland has signed two Letters of Intent on potential Joint Venture, Farm-In Agreements, with discussions progressing to Exploration Strategy & Field Development Planning (FDP), with one party, including progression into investment appraisal and campaign planning review.”

It’s worth considering the above and the fact that the gov through Petros is taking a larger role as the aggregator for all oil and gas trading is a positive for us. We are working on behalf of and with Petro in the technical study. We have brought IOCs and contractors together signing letters of intent, with us. I don’t see why we have seen such a drop. The company is clear that this is all ongoing and I expect a positive outcome for shareholders. Certainly the large buyer and mystery TR1 gives confidence that someone knows something positive for the deal.

Jimmy keen to get in, you can’t blame him.

Think you’ve missed the boat, big buyer could start buying again at anytime. Expect this will step up in regular 10-15% rises to atleast 3p before news.

Jimmy just catching up on last week's news ... haha

I was wondering the sand thing. Seems to be holding up well despite some sell’s, maybe the buyer is showing their hand with a large buy. I’m surprised a TR1 didn’t materialise this morning, only a matter of time IMO.

Buyer doesn’t seem to have dipped their toe yet. Looking forward to those 1M trades

Millions of hares makes a big stew

Upland are in contact with the gov and have contacts - see largest shareholder - which makes gov control positive for us. May be the reason for the large buyer adding.