Member Info for Dreamingforgold

Merunen has gone completely it seems and was a large holder. Zakaria has reduced significantly.

No matter. Lost Soldier picking up plenty of them….

The MOUs that UPL have were RNS’d in February.

He also said there are 7 x MOUs which there aren’t.

What difference does it make Derek? By now you make your own mind up based on all the info…..Stay put, increase your holdings or jog on.

Indonesia has progressed quickly. Why??? The Iran war has seen an uptake in super majors clambering all over Sth East Asia. So a shrewd move to prioritise getting Indonesia signatures inked quickly to protect UPL interests. It’s lucky in a way that we were already well progressed over there.

Those that doubt SK334 are wrong. It’s been RNS’d previously we have exclusivity, so no one else is in the room, therefore no need to prioritise over acquiring other blocks at this moment in time. It is also linked to Block L underground, which is bound to be part of the negotiations. UPL have political support too, Energy Minister, The Premier, etc..

Re Brunei, we’ve submitted our bid vs others and await the outcome of the tender round which annoyingly hasn’t been announced yet, but this timeline isn’t in UPL’s control.

Should see 3 x PSCs this year, plus Mustang.

You omit the most important and “consistent” indicator Derek…. Directors have consistently piled in, and at a premium. Why is this ?????

There’s no one else talking to them about SK334....UPL would not RNS ‘exclusivity’ unless there was an agreement to back it up. If Petros are the regulator and make the award then that’s that. It’s just a timing issue now.

To be honest, any delays probably help UPL out, as it gives the chance to boost up value first via other projects which are dead certs. Tbh, when the other blocks come online, they’re enough to send the value well into orbit….

Dear oh dear. Not sure why comp bidding is even in the conversation here. We have 'exclusivity' on this block, which has been RNS'd multiple times. No one else is involved in the negotiations. To me, it could make sense to focus on Indonesia first because of the certainty of the oil being present and already found. 2 x PSCs here first, then income from Mustang field to follow, all gives UPL an extremely healthy mcap and strongest position to then complete SK334.

This is still small fry volume to be fair.... When the first license gets over the line, major volume should kick in.

Which one will it be though? Where's the smart money on? One of the Indonesia blocks has to be favourite surely...

Capitulating describes it well. As the 1mn sell is printed as I write this.

The RNSs are very positive, as is Marc Bruner on his updates. They obviously know more than all of us.

What are you thinking for April?

Agree on all that.

So why the low confidence out there? It’s puzzling…especially when you consider this is the go to place for many nations after the middle east.

Maybe the market doesn’t think so….

Unless you know something that most don’t?

Ever the optimist, give you that Adam.

Bottom line is, are we drilling before the AGM? If it’s a ‘yes’ , surely we need a license in next couple of weeks…. Max.

What’s the consensus?

Ok.

Are you still thinking Petros have authority to make awards under this cloud?

Interesting Stan. That is certainly welcome news.

Do you have any knowledge of sk334 progress?, other than what is in RNSs.

Someone tell the market that….

Straight back at you Js15. Never hear anything constructive from you, only daft questions like those. The RNSs tell you what is going on? And what is around the corner. The BoD also just put a tonne of cash£ on the table…

I’m all good here thank you, I’m an excited believer and holding plenty. You should try it… You really don’t know what you’re talking about … If you still need convincing by now you’re stupid and should sell up and jog on mate….

What are you? a parrot?

Can't wait for you to jog on with your 5p. Good riddance when you do...

I think you mean not as expected by YOU.

Speak to the company and let us know how you get on. They'd probably tell you where to go.... and they'd be right!

Seller still there then….

For goodness sake!

The fat sell took care of that rumour...

So who’s the seller peeps? Holding us back from big step up unfortunately. Clearly a large holder…🤷🏻‍♂️