focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Thanks copperpot, you too.
I've been an Upland shareholder for a number of years, so know the company story and very interested to see how it plays out.
So much to say about the investment case here, but just posting as things unfold at the moment.
ATB
Great run yesterday and the steady trading between 1.6p/1.7p could provide a fallback/consolidation range if no update on Monday.
Also, some good articles linked to O&G development in Malaysia/Brunei posted on X (#UPL) this week.
Would like to see consolidation above 1.5p before next update, but good to see SP stabilising over the last couple of days.
Upland has this week signposted positive upcoming newsflow and those charting the SP are targeting 1.5p in the near-term.
Investor confidence in the company is also building, adding to an already compelling investment case over the medium-term.
SP approaching 52 Week High, with potential for considerable upside over the medium term.
Cornerstone investors continuing to support and back the company.
Tune Group are represented on the Upland board and their initial subscription was at 1.35p (2018).
Senior management of Upland's JV partner in Sarawak also took the opportunity to buy at 0.6p yesterday.
"Steadily building momentum in the operational phase of this development".
Fantastic news and effective confirmation of Upland's involvement beyond the JTS.
Spead even tighter today - potential here for upward move.
- Near completion of HydroCarbon resource assessment (volumetric assessment commenced)
- Conceptual field development plan commenced (3 months ahead of schedule)
Full ask hit late on.
0.02p spread only today.
Macro factors creating a springboard for positive news here.
Recent RNSs & Comms are building expectation that Upland will keep a handle on Block SK334 post completion of the Joint Technical Study.
No TR1s resulting from February subscription. Perhaps it was structured so that no reportable thresholds were crossed in order to protect identity of cornerstone investors.
Cove Energy early-stage investors looking to take a slice of UPL at this point is interesting.
Yes - 2m shares is approx one 400th of the company, which puts these size of trades into context.
North Sea licence propectivity re-evaluation now expected in February, but good to see BOIL pushing for an exploration well on the Dunrobin West prospect and confirming that a farmout campaign is underway.
Bit of a squeeze on at the moment - good to see.
That's a timely example passiton and hopefully the North Sea license prospectivity update, which was expected by BOIL to be available in Q4 2022, will also provide guidance on a forward plan for farming out Dunrobin.
Yes, levistubbs - meant in terms of sale of North Sea interest before next stage, or further stages, of Sarawak instead of excessive dilution. Thoughts?