Member Info for maestro1

Ajed

It was huge offer but the sp hasnt reacted.

Whoever get certain % of the license will need to prove up and develop asset. They want to drill a well in future but know they have to raise funds for that.

How much of the acreage do upl expect to get? Significant funds will be required to move project forward.

It was unfair to refuse 170m for shareholders. Ppl sre saying 20p but thats £240m what warrants that?

They dont even have production sharing contract, how can upl be so confident.

What if Malaysia decide to give block to someone else? Whst then...

Im not greedy i would take 14p.

"The Joint Technical Study Agreement for Block SK334 represents a significant event for the Upland.

We believe that the outcome of the Joint Technical Study will give Upland an advantage for the subsequent stages in Block SK334."

Advantage taking the block?

Leafy

Explain?

Right now they dont hold exploration rights nor own any land. What we do know is that neigbouring Brunei has similar geology.

£170m for an asset which has no proven oil is great, the board should engage with Bollinger.

What asset does upl have? They own no land in malaysia.

Someone offering 170m i take it. ;-)

If pi' s get together they can tell the board to consider Bollinger offer, quite clearly they dont have majority vote.

Even if he gets 10% of shares he can get it through as most pi's will bite his hand off with 14p.

Irish billionaire offer 14p a share to upl, another bid incoming.

Bollinger wants to open hedge fund in singapore.

Sharepoint

They are long term investors, the ones that didnt have sticky hands forward sold.

Bolhassan Di, Upland Chairman and CEO commented:

"The interest and support we are receiving from various corners is very encouraging, it validates our strategy and affords the Company the option to choose the strategic investors who we think are important to our success in the longer term. These alongside recent exercises further strengthen our existing cash position into 2024."

Ritchie they received 14p early stage offer which they rejected. This needs to be in double figures now.

Ypu get that all early stage offers are made.

Bit of background on buyer, oilman..

"Bollinger co-founded Egerton Capital with Armitage, having started out at Goldman Sachs as an oil services analyst in New York. The Cork-based billionaire resigned from Egerton to retire from trading in 2008"

Look at em, someone knew.

All those today saying the offer was fake.. Irish billionaire not messing

Edit

...Are in public hands.

If they put offer of 14p the majority will accept, 80% are not in public hands.

We should get holding rns.

If Sec are interested they could pick up shares now and make it go for a vote.

The scale of the premium no way were the mm' gonna open above 10p as massive sells would occur.

They are moving it up slowly, let some out and bring in new investors.

Next few weeks this will be interesting can see this go above 10p now...

Https://www.nibusinessinfo.co.uk/content/london-stock-exchange-difference-between-aim-and-main-market

Any joey can list in aim mkt but main market more difficult.

I believe offer genuine from the chinese company. I bet its a subsidiary of a much larger company.

They must know something if they have offered such a premium..

Its a chinese company....

https://www.crunchbase.com/organization/sec-capital

Its moving now...