Member Info for Deeko19

Sorry it was a dud article on my part. It was referring to the 2023 awards. Can’t be bothered looking up the 2024 just yet.

RNS’s tell you why we are confident. It’s already been provisionally awarded to LBE pending terms negotiations.

Https://dayakdaily.com/petronas-signs-3-new-discovered-resource-opportunities-production-sharing-contracts-in-peninsular-msia/

I believe that’s 4 out of the 5 awards signed. Last one is us, could come at anytime?

100% agree on the targets.

Interesting 5 months ahead!

‘Shorters have been Obliterated’ is an interesting take. Given investors have lost 60%.

I’d imagine most shorters were in this from 3p down to 1.5p. Most would be in a profit no?

If it’s progressive capital with their 5% then they have around 17 days assuming they sell 200,000 on avg a day. That’s from the date of their last RNS which was 8 days ago.

Menzies needs to step on the gas, find some new institutions that want to come along for the journey and go for it. This should be sitting at 36p-43p right now. Suspect it would be if progressive capital hadn’t sold us down the river.

To jump back in with 100,000 tranches and keep us tied to the low 20’s. I’d rather they just dumped them all and let me buy some more on the cheap rather than bore us to death by killing any increase. I suspect they don’t have many days left though with their dwindling shares.

NCTrade - ‘Ask yourself why they spend so much time on a chat bb that they have no investments in’

For the same reason on everyone stops to stare at an accident on the motorway, or people comment on news articles on Facebook. Human nature

NCTrade - Actually I’d rather see UPL at £40 million Mcap. It’s the only small cap operating in Sarawak that I can compare my own holding against. At £40 million Mcap I can then say, well my own holding in my main share should be worth at least £80 million right now.

My problem is the nonsense being spouted, ‘worth 20p on PSC award’ - well based on what? 40 year old 2d seismic? Outcrop studies? Hopes and dreams?

It’s just silly on both sides? But IMO the ‘derampers’ are making more sense than the ones that hold shares here IMO.

Honestly, the CEO should be held to account on this because he’s lied and led everyone to believe the PSC is days away. Now he’s U-turned and everyone’s praising it as if it’s a success. Actually stop and think, how much has my story of this share changed. Because a few days ago, folks were shutting down anyone that said the PSC was a year away with ‘let’s see next week, PSC is a done deal already and could drop anytime’ to ‘we are bidding in 2025m’

Squirrel,

Please detail how you arrived at a £320 million Mcap on a PSC award.

It’s called a recovery…

Honestly, people deserve to lose everything at this point. Euphoria is now rife here based on an RNS that only confirms what Petros has said. Putting together a team and being eager to commence work is a null point. It means nothing to the state of Sarawak or their interests.

Wish you all the best folks.

Also, Oppenheimer is the same chatbot that ruined the LSE board with non stop nonsense posts as he bottom feeds of real investors :)

Dicky - AGM’s do not reveal company making news. A company must alert the market at the moment new information is available as part of the regulator requirements.

Nothing that isn’t already known will be revealed. If the company had information, it would be revealed now to stem the bleeding here.

IMO the CEO steps down at the AGM and they go for a reset. Untenable right now.

Extract from Malaysia activity analysts

‘Once Totals energies takeover of SamuraOMV takeover is complete and the Jerun cash flow is rolling in, it will be interesting to see what Total energies’ next move in Malaysia will be. Options include expanding its deep water oil exploration programme in Sabah - although results have been mixed to date - or further expanding in Sarawak gas, either through acquisitions or exploration farm-ins. We expect both will feature.’

Kerrang surely must be high on their radar? Jerun is the last of the gas giants. Only high impact exploration prospects such as Kertang are able to sustain the run of gas giant developments such as Marjoram, Lang Lebah and Rosmari.

I’d also suspect many of the posters here defending this situation are traders that jumped in for a quick bounce and are now underwater.

Take all posts discrediting the Petros article with caution

Zengas,

You can lead a horse to water… but you can’t make it drink comes to mind here.

All the data, articles and information can be presented but it’s down to the person that’s looking at it and how they ultimately interpret it/build the info into their story for the share.

Personally, any outsider can see what’s going on here from the facts presented, but that’s because there is no emotion involved. Those that are too invested here however seem to be letting their judgement be clouded by emotion, omitting facts and replacing it with ‘hope’.

I try to keep the emotion out of my investments, stick to the knows and try my best to use logic with the unknowns.

Great post btw, I’d personally be presenting those questions to the CEO. Any UPl holders should be rightfully grilling the CEO rather that defending him. For me it’s obvious he’s misled investors by claiming awards are right around the corner

Amy,

I’m certainly not looking for a lower entry here. I didn’t even want to comment. But when posters like Dickyboy (appologies if I’ve got the wrong poster, I’m not going back through posts though) appear on a board that they seemingly haven’t ever commented on before and start spouting rubbish like ‘Petros have made a mistake’, ‘I’ve spoke with the CEO and it’s a misunderstanding’, ‘they have already been awarded the block are are holding out announcing until the AGM’ and ‘RNS dropping in the morning to put this right’

It’s nothing but lies by people looking to make a quick 20% of the back of new investors.

Again I hope this does come good. But I’m certainly not looking for a low entry, I wouldn’t consider investing unless the MCAP was in the single millions (not that I think it will ever get anywhere near that)

Extract:

‘May 16th Upland confirmed that we are engaged with PETROS to finalise Upland's application for a Petroleum Sharing Contract (PSC). The Company awaits approval.’

-beginning to sound more like they called reception to ask for an application form here? Petrol are blissfully unaware they are about to hand this over to UPL.

‘May 16th the Company also confirmed letters of interest from two potential partners. These are now at the stage of detailed terms of reference subject to contract.’

- what exactly are these partners discussing within the detailed terms? UPL technically have nothing to offer.

Such a strange scenario here

A lot of hopes, maybes, if, buts and guesses here.

The facts are Petros have revenue in the billions, Petros are the state oil company in Sarawak, Petros work with Shell, Total, Inpex and many other major companies. Petros will be a significant influence on who gets awarded this block. If they want bids, then that’s how it will go. All this talk about we’ve worked with Petros closely… well who exactly, if it the CEO of Petros or is it some random team that’s sharing technical knowlege across Sarawak (happens all the time across oil companies)

The fact that UPL have spent millions, looked at rigs, claimed there are partners clawing to get in when they haven’t even been awarded the license or even have reserve estimates has more red flags than the Chinese communist party new years celebration. These guys need to start paying actual facts into the RNS’s (who were communications with, where were they held, what’s been signed)

But please stop trying to spin this as a credible investment and a bargain price due to the drop because right now UPL is trading on hopes and dreams.

I wouldn’t normally comment on a board that I’m not invested in (UPL is on the watchlist in case a PSC drops and a CPR) but for the love of god, please stop trying to sucker new investors into this thing under the pretext that ‘a National oil company with billions in revenue that works with many many oil companies made a mistake and our CEO is actually right’. Clearly, if Shell or Total are submitting bids, then it’ll be going to them because they’ve been around longer and have the relationships to negotiate it. End of.

Honestly, re-read your own posts and analyse them for actual facts. Once you strip back the non-sense guesses, there’s nothing left here.

I do genuinely wish you all the best!

Wonder if LBE will bid for SK433 :)

Couldn’t help it on this occasion

Didn’t same myself yesterday. Showed as a sell again.

Patiently soaking up more shares here :)