Member Info for Leafie

So... This very much sounds like everything rests on the bod using their contacts in and around Government to force Petros to give exclusivity to UPL. If they pull it of, it'll be huge.

I've read the RNS's again and again and is it that UPL are expecting the Government to override any plans Petros may have.

"...article notes that Petros is planning technical work on Block SK334 to enable Petros to offer onshore Block SK334 for competitive bidding to all interested investors..."

"....the Company has been in communication for some months with the Sarawak government and Petros pursuing the Company's interest to participate exclusively in a production sharing arrangement in respect of Block SK334. We are in continuing communication with the Sarawak State Government, the final authority for awards of Petroleum Sharing Contracts for Sarawak Onshore Assets"

So nothing has changed to cause the panic...... "We will of course inform the market immediately of any material development"

@Barno61 Trouble is if they don't people will suspect there IS a reason for the drop.

Dickyboyholmez: 10 vs shamI89: 0

@dickyboyholmez I'm not in the industry, but have come to the same conclusion as you.

I think the Company though the Petros announcement needed clarification and made a mess of it.

Nothing has changed and I'm hopeful for good news near/at the AGM.

Someone should take their "Send RNS" button away. lol.

Here we go!

Like lots from the Company, it's hard to know if its deliberately vague or just sloppy.

I'm trying to figure why the RNS was issued as it says very little and seems unnecessary. It could be as others suggest it was following the Petros 20th July article, but why not just do nothing?

Is it that it was intended to counter any mis-understanding around the Petros article and ended up raising doubts?

The import words in the RNS to me are *final authority*..............."The Sarawak State Government is the final authority for the awards of Petroleum Sharing Contracts for Sarawak Onshore Assets."

......will be interesting!

Predict a bounce.

Lite?

I think that went quite well. To me, CC has a much better grasp of the business than FM ever did.

Everything now rests on the V price. Could be really good or the opposite.........

Someone on twitter posts old and public document. Perhaps taking a photo of their screen in an attempt to add intrigue.

Ah, ok.

If the shares in issue are 1,326,948,129. (RNS 13/6/24) then it's 39%.....

Deleted again.....

Maybe this one:

https://upland.energy/latest-updates/

A broker can take your shares off you and immediately sell them back to you as a slightly higher price to cover their effort. If you have more than one account with a broker you can sometimes transfer with no loss (as it's the same nominee account0. "In specie" transfers are also possible between brokers.