Member Info for DelBoi

I missed the others, just zoned in on Steve. Looks as tho UPL have established themselves well in Sarawak. Any other familiar faces?

Worth noting who's in one of the photos. http://www.theborneopost.com/2018/05/16/federal-govt-to-be-updated-on-measures-taken-by-state-in-regulating-og-industry-cm/amp/?__twitter_impression=true

Excellent update, all on track. Ensco group have one of the best fleets in the business, "The Ensco Group's extensive fleet of 64 offshore units is the world's largest and includes drillships, dynamically-positioned semisubmersibles, moored semisubmersibles and jack-up rigs."

Very little in comparison between UPL and RBD IMO. Structure,financing, experience and shareholders. The MOU with Brooke 3 weeks ago is very telling, the jostling for position in Sarawak will be for the reward of the past 3 years hard work. Director on the ground seem very confident. GLA

Nice.10 bagged, You must have bought in at .40 OW?

Certainly agree with you on the buying opportunity Mikemike. We pulled back nicely from an oversold position last week. Best of luck get your entry/topup prices gents.

I'm inclined to work off my own conversations and research. Don't break out the tinfoil hat just yet Mikemike Bolhassan Di (DOB 20 September 1953) - Non-Executive Director.Mr Di has many years of political and commercial experience within Sarawak, one of two Malaysian states upon the Island of Borneo. During his lengthy service within the Sarawak State Assembly, he 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.

Thanks for that insight Mikemike.

https://www.nst.com.my/news/politics/2018/05/368021/sarawak-dap-cooperate-bn-state-government

Ben, out of respect for management I will paraphrase. The company and directors seem quite comfortable with the recent election results. The outcome may potentially be better for UPL, affording Sarawak more autonomy of its affairs. I'm sure some here will be able to vouch for me on that. Have a nice weekend all.

I contacted the company yesterday, needless to say I was very encouraged by their response.

Appricate that Sull, but the intro was made through Norza, a friend of Tony's. Tune will have a fair idea of what the future of UPL looks like, adding significant clout no doubt.

Damn sure it's high on the agenda, factoring in rising fuel costs, the large investment in UPL was a perfectly timed hedge for AirAsia and Tune Group. They will be looking to grow UPL in similar fashion. They bought Airaisa at 26c and took it to a multi billion $ company. But don't take my word for it. https://nextshark.com/the-entrepreneur-who-bought-airasia-for-26-cents-and-turned-it-into-a-multi-billion-dollar-airline/

What�s the rush? Just look at our positioning. It�s an intriguing JV when you look at Brookes capabilities, it almost assumes offshore field development IMO. I also find Iain Lo�s comments surrounding fresh opportunities in Sarawak and Shells close ties to Brooke Dockyards particularly encouraging for UPL. Bit of a chuckle from Steve when this was mentioned too. What information has driven this fresh outlook from Shell? Suffice to say the only thing that�s required here is a little patience.

Very positive podcast from Steve today. Future looking increasingly bright here. Interestingly he referenced the possibility of paying back the CLN in cash, coukd we looking at a producing asset next? Either way stellar job. Congrats Steve!

All buys this morning, she's turning, a few more and ..ping!

I agree Jimzi, emotional selling yesterday propagated by new money bailing. I'm expecting 25p to be breached short term on fundamentals alone. Some big buyers/ covers at close yesterday ...

Short positions need liquidity to buy into in order to close positions. Hence the boiler room scare tactics. Might see a short squeeze tomorrow morning, buys at close suggest it's already started. IMO GLA

What charts exactly JH? I'm looking at the 1hr MACD bullish divergence - RSI at 19. Moving up from lows of 14 at 2pm. Looks like we're in for a morning bounce, also appears to be some significant buys after close. I'd argue the shorts closing?

Based on what exactly JH?