We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Upland Resources Limited | LSE:UPL | London | Ordinary Share | JE00BJXN4P16 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.10 | 2.33% | 4.40 | 4.00 | 4.30 | 4.30 | 4.10 | 4.30 | 7,225,978 | 16:35:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -494k | -0.0007 | -59.29 | 28.5M |
TIDMUPL
RNS Number : 1195H
Upland Resources Limited
13 November 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
This announcement is not an offer for sale, or a solicitation of an offer to acquire, securities in any jurisdiction, including in or into the United States, Canada, Australia, or Japan. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.
13 November 2018
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
Wick Well Update
Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, is pleased to note that Corallian Energy Limited ("Corallian Energy"), as operator of UK Seaward Production Licence P2235 (UKCS Block 11/24b), has confirmed that the Offshore Petroleum Regulator for Environment and Decommissioning ("OPRED") section of the Department for Business, Energy & Industrial Strategy, has completed its review of the Environmental Statements, the representations received from consultees and the additional information provided by Corallian Energy for the proposed Wick Well.
Consequently, OPRED has confirmed that it has advised the Oil and Gas Authority ("OGA") of its in-principle agreement that the remaining consents for the Wick Well can be issued. Subject to receiving the final regulatory approvals and notifications required, Corallian Energy has confirmed that it then expects the consent process to be completed, allowing the drilling of the Wick Well to begin.
As previously announced, Corallian Energy has signed a contract for the provision of the Ensco-72 jack-up rig for a two well, back-to-back programme which will start with the Wick Well in December 2018. The Ensco-72 will then move on to the second well in Corallian Energy's programme once the Wick Well has been completed.
Background to Upland's interest in the Wick prospect
In November 2017, the Company's wholly-owned subsidiary, Upland Resources (UK Onshore) Limited ("Upland UK"), entered into a conditional agreement with Corallian Energy to farm in to a 40% interest in Licence P2235, containing the Wick prospect. The farm in agreement between Corallian Energy and Upland UK was then completed on 24(th) May 2018.
The Company estimates that the Wick structure, which lies principally in the licensed area of Licence P2235, could hold in-place P50 resources of around 250 MMbbl. The Wick Well targets reservoir sequences within the Wick structure.
For further information please contact:
Upland Resources Limited www.uplandres.com Steve Staley, CEO Tel: 07891 677 441 s.staley@uplandres.com ======================================= Optiva Securities Limited www.optivasecurities.com ======================================= Jeremy King (Corporate Finance) Tel: 020 3137 1904 jeremy.king@optivasecurities.com ======================================= Christian Dennis (Corporate Broker) Tel: 020 3411 1882 christian.dennis@optivasecurities.com ======================================= FlowComms Ltd www.flowcomms.com ======================================= Sasha Sethi (Investor Relations) Tel: 07891 677 441 sasha@flowcomms.com ======================================= FTI Consulting ======================================= Ben Brewerton / Molly Stewart Tel: +44 (0) 20 3727 1708 molly.stewart@fticonsulting.com =======================================
Notes
Upland is an upstream oil & gas company whose highly experienced management has a track record of creating major value for shareholders in junior oil & gas companies, including Cove Energy plc. The Company has extensive technical and commercial skills and contacts, management having held senior roles in Conoco and Shell etc.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
UPDDGBDBBUBBGID
(END) Dow Jones Newswires
November 13, 2018 02:01 ET (07:01 GMT)
1 Year Upland Resources Chart |
1 Month Upland Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions