Member Info for woodfromthetrees

Well said EB.Also not to forget UPL are funded and do not need to tap the market for cash for 2 to 3 years at least.Let the investment mature FFS.

One day Rodney

Doubt that

PreIPO will take this down to 5p

Worth folk reporting Stanley to the FCA for investigation - his posting history is there for all to see.

Greenland as an Oil and Gas Jurisdiction - with help from AI:

🛢️ Resource estimates (what might be there)

Estimated undiscovered oil: ~17 billion barrels

Estimated natural gas: ~148 trillion cubic feet (Tcf)

(Source: U.S. Geological Survey Arctic assessments)

👉 Sounds big—but these are unproven, not confirmed reserves.

💸 Cost of extraction

Arctic offshore cost: $90–$100+ per barrel

Some estimates for Greenland specifically: >$90–$120 per barrel

Compare:

Saudi Arabia: $10–$20 per barrel

North Sea: $30–$50 per barrel

👉 Greenland is often 2–5× more expensive than major producers.

📉 Oil price reality

Typical global oil price range (last decade): $60–$90 per barrel

👉 If it costs ~$90–$120 to produce, margins are:

negative or very thin → not attractive to companies

🧪 Exploration results

Wells drilled offshore Greenland: ~15–20 wells since the 1970s

Commercial discoveries: 0

👉 Companies like Shell and ExxonMobil spent hundreds of millions of dollars and exited.

🏗️ Infrastructure costs

Because Greenland has almost no oil infrastructure:

Offshore platform: $5–$10+ billion

Pipeline to export: $1–$5+ million per km

Arctic logistics premium: +20–50% cost increase

👉 A single project could require $10–$20+ billion upfront.

Curtains here

Thats totally irrelevant ramping an asset totally unconnected to UOG in Guyana! Shameless ramping.

Desperate times

No funding. an in house CPR (worth precisely naff all), awful management, all hinging on core results...

Lemmings to the slaughter

It isn't 7 billion barrels. Offshore is all about prospect sizes not a hypothetical amount of 100 small prospects, due to the drilling costs! The fact there is 0 infrastructure in place to process any oil discoveries means huge Capex for any commercial project. Its really a no go...

Anyone who knows anything about oil and gas stocks would not touch this dog with a bargepole.

You have been warned

Unfortunately everything I posted was fact.

Very binary right now, if the core sample comes back average it will be a bloodbath here

The people promoting this company don’t seem to have their facts straight. The headline figure of “a few billion barrels” refers to a combined estimate spread across roughly 50–100 offshore prospects. What actually matters is the size of each individual prospect — and the largest of these is around 400 million barrels. That’s the only number that’s truly relevant.

Even at that size, it’s highly unlikely the asset would attract a farm-out partner, given the significant cost of drilling offshore wells. There’s no infrastructure in place, the acreage is in deep water, and unless the core geology turns out to be exceptional, this looks more like promotional noise ahead of yet another placing rather than a viable development opportunity.

Management’s track record in the small-cap space also raises serious concerns, ranking among the weakest in the sector.

He sold?

Give me a break

I think so

No doubt will drag in gullible PIs....

If they have sufficient cash to last until 2027, then the main overhang is likely the cheap warrants being sold. It’s unclear whether these warrants were ever repriced.

The CEO, at least, appears to have a credible track record.

What's causing the price weakness?

Looking for an entry here, but need PM prices to settle down a bit first. Extremely volatile

Has your brain been replaced with an AI robot?