Wick Well AFE

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, announces an update on the proposed drilling of the Wick well, in UK Seaward Production Licence P2235 (UKCS Block 11/24b) (the “P2235 Licence“). Wick well (40% working interest) An Authority for Expenditure (“AFE“) with a total estimated… Read More »

Board changes

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, announces that its non-executive chairman, Norza Zakaria, is stepping down from the role following his recent election as President of the Olympic Council of Malaysia. Norza will have ultimate responsibility for Malaysian participation in both the Olympic and… Read More »

Completion of Placing of 120,000,000 Placing Shares

Further to its announcement on 13 June 2018 of the proposed placing of 120,000,000 new shares of no par value in the Company at 2.5p per share (the “Placing“) to raise £3 million (before expenses), Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, is pleased to… Read More »

Publication of Prospectus

Further to its announcement on 13 June 2018 of the proposed placing of 120,000,000 new shares on no par value in the Company at 2.5p per share (the “Placing“) to raise £3.0 million (before expenses), Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, is pleased to… Read More »

Proposed placing of 120,000,000 Placing Shares to raise £3 million

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets is pleased to announce that it has conditionally placed 120,000,000 new shares of no par value in the Company (the “Placing Shares”) with institutional and other investors at 2.5p per share (the “Placing Price”) to raise £3,000,000… Read More »

Completion of the Wick Farm-in Agreement

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, is pleased to announce that completion of the agreement dated 29 November 2017 (as varied on 28 March 2018 and 27 April 2018) entered into between the Company’s wholly-owned subsidiary, Upland Resources (UK Onshore) Limited (“Upland UK“)… Read More »

Revised cost estimate for Wick well

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, has received revised cost estimates for the Wick well from the operator, Corallian Energy Limited (“Corallian”).  The revised estimate for the Wick well, on a dry hole basis, has increased from £4.2 million to £5.2 million as a… Read More »

Sarawak Update

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, is pleased to provide an update on its activities in Sarawak. Update on Upland operations in Sarawak, Malaysia and its joint venture partners Upland has recently held meetings with the Board of Petroleum Sarawak Berhad (“Petros”), Brooke… Read More »

Wick Farm-in – OGA Consent to P2235 Licence Assignment

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, is pleased to announce that the UK Oil and Gas Authority has given consent to the Company’s wholly-owned subsidiary, Upland Resources (UK Onshore) Limited (“Upland UK“), as a farminee to the P2235 Licence (UKCS Block 11/24b), containing… Read More »

Wick Rig Letter of Intent

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, is pleased to note the announcement made earlier today by Corallian Energy Limited (“Corallian Energy”), as operator of UK Seaward Production Licence P2235 (UKCS Block 11/24b), that it has entered into a letter of intent (“LOI”) for… Read More »