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Agreed - company have had a shocking few weeks - beyond dumb to state the 40-50p price prior to agreeing the money. Look like a bunch of kids. Am I surprised they are not doing any media? No, they should stand up though and be accountable. Poor form. I cash out at 31p before xmas. Really disappointed.

Chartist, you saint / pretentious tart.... Great that you think you are saving the world / investors one at a time.... In reality you are clueless and talking to yourself....

So, �2.24M for 40% exposure. RBD are not paying �1.5m for effectively 21% exposure in the Seaward Production Licence P2235. So, when you dig a little deeper, possibly a much better deal for UPL. Thoughts?

"Upland said on Thursday it would pay 53.33 percent of the first �4.2 million of costs related to the environmental survey and the first Wick well; costs above that cap will be funded pro rata to interests in the Licence. The Wick well is currently estimated to have a total dry-hole cost of about �4.2 million. Completion of the P2235 Farm-in Agreement is conditional on, inter alia, the approval by the UK Oil & Gas Authority of Upland UK as a farminee to the Licence, availability of funding to Upland UK sufficient to satisfy its obligations under the P2235 farm-in agreement and the Licence continuing in full force and effect." So, their share win total for mapping and first well likely to be around �2.24m if all stays to budget. Then, the future UPL obligations will be at 40% of the costs.

Agreed, he's a clown and not even a good one at that. If you are going to come on here and start spouting TA to 'attempt' to manipulate proceedings, at least know your stuff. Cringe worthy stuff!

Nothing to do with China data - this is just a small drop as some speculators have moved on when news didn't arrive today. The buys will come in back later today as a great chance of Beutong news tomorrow or next week. Toni, Steve and Peter are all in London from Monday - not difficult to work out the plan....

Get in early in companies with great prospects, newsflow, an exciting sector and a plan to monetise assets (that's always my aim)... Have done very well lately the same doing this with ARS, TLOU and AEX - all now multiples higher. There is someone happy yo sell at 5p currently, but once that goes this could easily go on a decent run. Especially if Jangada up the publicity - worth noting that the official Jangada twitter account has started posted more frequently the last 2 days or so and there is a growing interest in the share on that platform.

Another 91,500 for me just now at 5p - decided to make my second dip before this establishes itself above 5p.

The 142,000 at 4.83p was my buy this morning. Hedging my bets really (as still concerned about financing) and just dipping a foot in. That way if it drops i can add, or if funding comes higher I can happily add too. Just wanted a little exposure and a reason to research a little deeper.....

The 142,000 trade this morning was a buy. Lots of trades near the mid point that perhaps are painting the wrong picture here....

Just listened to Justin's ramp... Nice chap, but avoids the issue that every serious investor will have - how will it be funded? I still think if I wait there is a decent chance I will get in at whatever price they raise out... We will see....

My other worry is why did Glencore, Rio Tinto & Anglo American walk away if this licence was so good? They spent $35M and drilled 30,000 metres, so they obviously had a very god idea of what they were dealing with. Was the project just too small for them or something else?

Lots of other companies on the move as the autumn rally kicks in - it can be hard to sit on a stocks that are treading water... That said, I think this is probably a great time to accumulate here, thinking very hard about that (depending how other stocks go).

Funding issue the only thing stopping me from investing. Board obviously hoped that results would push share price up so they could raise much higher than IPO price, this has not happened so lots of big ???s as to what they will do next. They certainly, as things stand, don't have enough cash to start trial mine next year.

Funding issue the only thing stopping me from investing. Board obviously hoped that results would push share price up so they could raise much higher than IPO price, this has not happened so lots of big ???s as to what they will do next. They certainly, as things stand, don't have enough cash to start trial mine next year.

The share price has stabalised nicely above 1.3p now and is ready to react very positively if / when news comes... A really frustrating year or so, especially when so many other shares are on the move, but I genuinely think patience will be rewarded here. Not many shares in issue and 38% (i think) are owned by the board so, with the right news, this could really explode.

Getting to that point too, sooooo frustrated with the waiting for something to happen here. However, the share price seems pretty stable at this level and 'IF' Dr Staley finally gets any meaningful deal (beyond Wressle) finalised, this has an excellent chance (from current levels) of going on a very good / quick run up.

Yeah, I am getting rid of mine this week too if I can find a buyer... Tumbleweed here with some snakes lurking within....

Ask pushed up the last couple of days on little volume - normally a good sign - won't take more than the scent of a deal / farm in to a Moroccan licence to get this on it's way. I have been accumulating around p[revious placing price and feel very confident that this will pick up massively in the coming weeks. Ambitious and proven CEO who has done the rags to riches story before and looks up for the challenge. Just my views, but a steal at 1.3p ish....

Agreed, a very positive sign and, to me anyway, points to good news being close from malaysian or Moroccan projects.... Happy to build holding at the same average as directors and their families.... Just a little patience needed here and I think some decent returns will come at some point later in 2017!