You never know.............. Three or four year time-frame.
News on potential assets and financing any day soon. Big gap to fill.
2.4p achievable in the short term. 3p gap fill first target.
Looking bullish at moment & could continue to head to target on low volume
Oversold due to Wick drill. Two upcoming news catalysts to get us moving again. #upl #oil #gas
closed above 200ma & weekly T-line & daily T-line crossing the 20ma = bullish News emminent from Sarawak, Tunisia and/or Wick drill.
Wick drill in the next few weeks to prove a potentially company making asset. Also confirmation of a huge 1 Million acre operating licence in Tunisia. Price has been rising this year in anticipation but at a £20 million market cap could have some way to go yet. DYOR. uplandres.com
with Wick drill still to come in Q4 I would expect the price to be much higher ahead of drill Also further news from Sarawak & Tunisia. Last placing at 2.5p not long ago so fully cashed up.
Share price in an ascending triangle Fridays close was above the 50MA signalling a break out First target c5.75p
Unbiased chart view Resistance becomes support at 0.786 - 2.78p - best level to top up if you hold shares already. Trend looks bullish and should be making a higher low Watch out for a break out of top trend line.
Elliot Wave targeting 3.4p to complete wave 5 and 261.8% Fib. Very low free float of shares in this company with most being held by the Board and some prominent investors. News on Sarawak licences or North African projects could lead to a strong break above the top target. As always....Don't listen to me, do your own research and good luck.