Member Info for Jackastory

Ingalls and Snyder are included under the now 68% insider held shares (not in public hands) on company website rather than within the II’s numbers . Anyone know who the beneficiary is there? They have been quietly absorbing c.10-20mn shares per month for last 6 months or so?

You just need to do a little research into the calibre of companies Petros are inking deals with to see why 2 years later there is no PSC. Petros are a proper organisation

“ Petros has indeed conducted studies on oil and gas deposits, and there are indications of onshore reserves, particularly gas, in Limbang — similar to the Adong field in Miri.

“However, the studies are still ongoing, and Petros has already been granted the licence to explore for gas,”

Also maybe explains why they are looking for joint studies in Indonesia. They wouldn’t need to be doing that if there was a Sarawak PSC inbound imo

Not sure how I missed this. Petros look like they are going to operate this license as part of a bigger Petrochemical inititiative but maybe there is a drilling role to be had subject to bidding. Explains the complete pivot to drilling services.

https://www.theborneopost.com/2025/11/01/limbang-lawas-hold-bright-future-with-promising-og-prospects-says-premier/

Nothing is happening until Petros announce the block analysis is complete and they are ready to open a data room and subsequent bidding round.

I think the Petros article has been proven correct by time v’s what everyone was told by the company

Wow they’ve really brainwashed you even after the Petros article showed exactly what is happening.

If a PSC was anywhere close why would they do this deal now when they could get better terms after for shareholders?

Zengas -UBO is a JV so under your example, UPL would have 22.5% economic interest and BO 27.5%

The assumption there is that LS/Bruner pay for the campaign for their 30% as UBO have no money and presumably Petros will be carried

Actually £140mn when UPL is 3.9p

UBO is comprised of UPL 45% interest/ BO 55% interest

BO has no money of its own.

UBO is entirely funded by UPL shareholders

Sloppy trolling- you didn’t even include that they only have £1mn and change left in bank or that they wouldn’t have diluted their shareholders away so cheaply now if a PSC was imminent

The only remaining risks are no money and no asset other than that all looking good

You obviously weren’t a holder when everyone got blindsided by the Petros article.

I wish everyone well and hope it’s the real deal but just be mindful of the history here so you manage your risk and don’t get burnt. The pump to get the share price comfortably above warrants price as they needed that cash was so clear

There are no II’s to sell. It’s just retail buying. Tell us what the annual salary cash burn is if you think $3.8mn is ‘LOADS’ of cash.

Being lied to once by company is unacceptable, corrected by Petros. Being led by BS news into buying to help get some 1.2p warrants exercised is unacceptable so what makes you so sure the latest RNS isnt more BS?

I’ll be shocked if the end result of this pump is not a placing. It’s exactly the same fact pattern as the pump to get the warrants exercise cash in earlier in year but let’s see….

There was no big buying yesterday just retail sucked in by the likes of you. The auditors couldn’t even find the Petros article, that contradicts everything this company has said in the past and has been proven correct by time!

It’s just auditors butt covering. Nothing more

Same carp from auditors in last years accounts. Company has achieved nothing, collected £740k in salaries and bonuses.