Member Info for Early_Bird

Lovely to see. The board haven't put a single foot wrong since IPO.

You have to ask yourself the question why Purebond were willing to go in big at 35p.... these guys invested heavily in GMET at 22.5p and sitting on 10bags there and still holding strong.

They would have had a big carrot dangled to pay a t250% premium to the IPO investors... they'll be 2 or 3 steps ahead of us here.

£1 in the next few months I wonder?

Every morning now im looking for that red dot here. Can't be far off given the expected timescales

If Darren pulls this off. And thats with next to no dilution attached either....

Huge news today. Tier one validation!

Zengas, Its worth reading this RNS, in particular scroll down to the diagram showing the number and size of all of UPL's targets

https://upland.energy/us100m-strategic-funding-commitment/

We are talking elephant sizes.. 500m barrels right at the smallest end of the spectrum.

Worth also researching Marc Bruner, his past successes and his involvement here

My understanding is that state will take 50% of the asset. so UPL + JV with the remaining 49%. JV to likely take 20% of the remaining 50% and Bruner 10%.

So asset split id assume (ballpark)

50% state

35% UPL

10% Lost soldier

5% Bruner

Remember this is one of 10 assets to be drilled between now and 2030. All funded via Lost soldier on an asset level

The detail in yesterday’s RNS appears to have been overlooked by the market

There are 500 million barrels of 2C contingent resources on the table in Kalimantan, with UPL acting as the exclusive and direct negotiator

Applying a conservative valuation of $3 per barrel for discovered contingent resources implies a potential value of $1.5bn+ attributable to this asset alone. Differentiator - this is contingent and not prospective! - huge

Importantly also, this is just one of ten targets that UPL is fully funded to drill.

The recent raise appears to provide the final capital required to complete sign-off on the two assets referenced in yesterday’s RNS, with approximately $100m to be deployed at asset level via the JV structure with Lost soldier upon licence approvals to drill them.

Notably, directors, company geologists, and insiders have taken ALL of the raise, and at a premium - Why such conviction? I think it's obvious.

SEC having done final checks on the major shareholders, one would think we're getting extremely close now.

Ashton - may I ask the source to your rumours that SEC has approved the merger. thanks

Rod very bullish here

https://www.brrmedia.co.uk/broadcasts/698b444e0453ba0012d219fb/80-mile-plc-video-update-from-cape-town-2026/

All the noise has moved on yet the SP has held here... to me that's encouraging. No doubt the crew will all be back here as soon as IPO date is given which tbh could land any moment

Myself. Didnt think I'd get the opportunity to add these prices.

Excited for the story to develop here

Would have been prudent to use that insider cash to buy tune out in one lump, allow the book to breathe, then raise using Bruners 5p options... hey ho

Frustrating price action here. Encouraging they raised a premium with a tight bunch of insiders.... the £500million question though is when will a PSC land

All good churn, all rather meaningless in the grand scheme of things though. When licence lands then these levels will be a distant memory.

Ok then.

"what have we here" looks like a serious coordinate pump crew jumping on this... all blacklisted now

Shameless

Not touching that dog but thanks

There's total sh*t on AIM valued at £100m+ with nothing more than a hole in the ground and a liar at the top screaming its the next best thing.. I remember when UKOG for example was well over £100m....

EPP will become a national treasure, I don't see why £150m Mcap valuation post approval can't be reached. But im of the opinion Siemens will just buy us out anyway

Id argue thats just the start. Not sure why everyone is fixated on 20p. £1 is the potential given the licence unlocks everything else...

Hopefully Ben can back up his 2014 "best deal in the world" with the same accolade in 2026 :)