Member Info for ifiknewidberich9

All here , les miserable

red the colour of our share

blue our share price aspirations

red bloody mm games

blue we want to see point two oo

red the years of porky pies

blue update and its blue skies

Come on JA, move on to another musical, this one has lasted longer than the US depression.

Https://www.londonstockexchange.com/stock/PPP/pennpetro-energy-plc/company-page

Scroll down, what they look like on the real exchange, before sites like this lse , massage trying to be helpful and failing miserably on most shares daily.

Will be sells printed as buys also , which have ZERO to do with either the market or mm's, the labels are added by 3rd party sites like this one, using a BEST GUESS algorithm based on what it sees at the time as mid price and range.

All above buy (never the case) all below sell (ditto) all exactly on mid price, delayed trade, or dimbo algo sees as outside of its current range CHOKES = UNKNOWN

making stats , volume ratio's all worthless as also based on 100% GUESSWORK...........

Sundagas was independent listed on the Singapore stock exchange , it got the asset , it still holds the license not Sunda, they just now own SG, so when awarded SG had no asset or PSC, rewarded for almost 4 years of assisting the locals, with a huge NON TENDER license.

The license looks pretty big, perhaps Petros have a division of the license in mind, seen that in the past also, one license becomes 2 or 3 , locals wanting things to happen quicker across the whole area. ?

As an example of what working with the locals can bring, Sundagas commenced helping Timor Leste in 2016 , to build its own industry base, late 2019, as a reward they were NON TENDER awarded the Chuditch license and PSC, which had previously been developed by Super Major Shell , they had it as 5 tcf (850mboe) gas with multiple upside leads.

What is now Sunda Energy now owns Sundagas after moving on Sundagas in Jan 2020 25% initially. (Now 60%)

Upland have (just look at all the meetings and newsletters) been likewise helping to develop things with the locals and should also benefit from years of preparations.......GLA

On many licenses Minnows, do all the graft and early exploration work, then having done so the senior sector players come and swallow them up, for a healthy price/jv or carried royalty.

Same going on over at ppp , stumbled on something more than what they thought it would be, new player moved in and kicked them to the kerb for a very healthy royalty on not just current wells but all those (many ffd) planned.

See Upland in a similar win/win situation 2025.

Government Announcement Block SK334 "Petros is wrapping up a Joint Technical Study and we are looking forward to the potential drilling of an exploration well in 2025" (11th October 23).In preparation for this, following the completion of the Joint Technical Study, Upland has advanced its preparations to deliver an exploration drilling programme to meet this announcement.

((study almost complete - upl ready to go))

Following its application for an exclusive award with the Government and Petros the Company has built an experienced team, made up of local and international experts, who are ready to commence operations on Block SK334.

((team in place ready to go))

Joint Technical Study

In the terms and conditions of the signed Joint Technical Study Agreement between Upland and Petros, and as a medium-term strategy, Upland has certain unique advantages over other potential bidders in a competitive bidding process.

((upl has been working with and collaborating with locals in charge - to be rewarded))

Joint Venture and Funding Partners Additionally, Upland has identified potential partners for funding and operatorship of the SK334 Production Sharing Contract as a long-term strategy.

((pending award - partners on standby))

He kinda blew the last one himself at a BH event I attended years ago, bemoaning a recent deal, that if he had waited another two weeks , they would have made another $200m , we should all have his problems.

The world's greatest market player of all time, as it's states in his playbook

Be FEARFUL, when others being GREEDY (rampers)

Be GREEDY, when others are FEARFUL (derampers)

But best of all his real gem..........

Ignore everyone , including me, set your own targets and if you achieve your targets, you can not be disappointed, no matter what happens next ....................(falls/goes again)

Warren Edward Buffett.

Even if nothing initially in the press, some details will be in the Presidential Diary monthly newsletter (yes what a shock Horta has one lol) That should be published like others last day of the month, so next Wednesday.

June's for an e.g. of what bullets go into the newsletters.

https://presidenciarepublica.tl/presidency-of-j-ramos-horta-newsletter-june-2024/

There will be news, at least from the TL and China side of things, already MOU's in place for Infrastructure , Agriculture and Tech, Presidential visit after the TL Ministerial team spent a week in China recently, this will be another sign off ceremony, a thing both Horta and Xi relish.

Islands domestic security GAS plan , still not been updated , FID was by end of 2023 or at the latest Q1 2024, long gone, China upgraded TL to BRI Level II and stated now committed to "Infrastructure Construction", only 3 big projects on the Ministry of Strategic Planning and Infrastructure books, all of which Chuditch could become involved in.

Metinaro Northern project near Dili P.I.T petroleum Import terminal , includes Gas/LNG Import facility and 90-120 day domestic security LNG Tank Farm, delayed pending funding (TL need China's money to build/Construction)

Chuditch, update still delayed/backing up, making it seem , more and more , we are part of the plan.

Both projects made for each other, FPSO 1-2 Wells early doors, Chuditch drilling Dec 2024/Jan 2025 (AB Comment) with probably slid from original timeline given by PM Rauk in 2022 Metinaro and TL Gas powered ASAP or by 2025/2026

States on their website, the plan is to use gas when available , lots of gas already available, comment can only mean planning to use their own GAS, not external imports. First up Chuditch , long before Sunrise sees if ever daylight (2030/31 tenders)

This weekends meeting Horta and Xi , should reveal more on the promised Chinese assistance in Infrastructure and Oil and Gas development..........GLA

Nail on the head Casper, Nail on the head

Main market ultra low shares in issue, super low MC, progress and success usually = sticky large holders and market corrections to new trading ranges, not spikes. GLA

What they look like on the real exchange , scroll down, before the guessing added.

https://www.londonstockexchange.com/stock/UPL/upland-resources-limited/company-page

Nothing to do with the MM's or Market, they do not label anything , the sh 1 t labelling is by 3rd party sites like this one BEST GUESSING and rehashing the real TRADE on the real exchange , all after volume.

Ultra basic Algorithm based on the sites algo mid price, all above buy (never the case) all below sell (ditto) all exactly on its mid , delayed trades (not black or mm dark arts trades) or the dimbo Algo sees outside of its current range, chokes and calls UNKNOWN.

It's a basic and worthless as that, likewise making stats , volume ratio's on sites like this WORTHLESS, as all based on 100% GUESSWORK

The source of many an unresearched cry of , 6 times the buys to sells and not moved, as in reality trading is even. GLA

Sp is only ever for hit and run traders , skimmers and scalpers briefly investing, Investors its always about achievable Market Cap, never sp (old ones worthless on majority of shares (especially confetti diluted Aim, which this is not 100m shares only)

Currently every 1p on sp is £1m on MC, with PPP's revenue coming assets, drill planned with ukog at Horsehill and a wider plan for more assets to come into the PPP Portfolio, plenty of others with less around the market currently sitting at 15-75m MC's

That here would only be £15m at 15p with current share base....... always about MC , never sp , especially old ones. GLA

Unless (trader/sk/sc) investing on a spike , vice INVESTING in the company and its long Journey!.

Its been said many times, for the doom and gloom brigade , PPP only 100m shares in issue, every 1p on MC is only £1m

5p £5m , 10p only £10m for an Oil and Gas company with revenues coming, seen many such companies much higher.

During their visit, the five Australian academics will share their knowledge and expertise with an audience of Timorese students, researchers and professionals through a series of energy focused lectures at the Auditorium of Universidade Nacional Timor Lorosa’e (UNTL), Hera, Dili on 24 July.

Http://www.anpm.tl/wp-content/uploads/2024/07/DISR-ANP-Press-Release-Final-2024.pdf

Eagle Ford in Texas , was with vertical wells 200-400 in many cases, then Horizontal wells came on the scene and turned most of the new wells into 1500-2500 bopd wells. Smaller true horizontal laterals in those days, some in the states now up to 3 Miles long cutting through the reservoir.

One in Colorado recently gushed over 8000 bopd unassisted, as said until you develop and flow, you just don't know, think the new owners, probably have some local knowledge and insight into what they think PPP have stumbled on to

GLA

You never know until you flow, as posted before Wytch Farm in Dorset still going strong since the 70's, sold to BP by BG as a 30mb oil asset, having peaked at FFD 100,000+ bopd and leading onshore Europe production for over 30 years, only 3 years ago , the French Major now in charge put its reserves at 260mbo (still almost 10 times its 70's sales pitch)

PPP reported the recent well as liquids at over 700 and peak oil at over 400 bopd rates, perhaps the new operators, see another potential long term gem in play, that's a pretty impressive overriding royalty for an early stage field, that PPP have secured.........GLA

PPP currently still only 100m shares in issue , now with a sit back and let someone else do all the work/pay for multiple wells and coin in production revenues on a growing number of wells for a field with 20-30+ years of overriding royalties

(taken off the top gross)