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| 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 | 2.38% | 4.30 | 4.20 | 4.40 | 4.30 | 4.15 | 4.20 | 9,453,581 | 16:26:32 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 0 | -494k | -0.0007 | -61.43 | 29.53M |
From Apr 2019 to Apr 2024
TIDMUPL
RNS Number : 5922F
Upland Resources Limited
19 May 2017
19 May 2017
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
Wressle Update: Issue of EA Mining Waste Permit Variation
Upland Resources Limited, the oil and gas company actively building a portfolio of attractive upstream assets, is pleased to note the issue by the Environment Agency of the variation to the Mining Waste Permit for the planned Wressle Field development and associated operations.
The permit is a key regulatory approval in the proposed development of the Wressle Field and lends support to the new Planning Application submitted by Egdon Resources ("Egdon" or the "Operator") on 28 April 2017. Validation of this Application is expected in the coming weeks.
Upland's wholly-owned subsidiary, Upland Resources (UK Onshore) Limited ("Upland UK"), entered into a conditional agreement dated 24 November 2016 for the farm-in by Upland UK (by way of assignment from Europa Oil & Gas Limited) to a 10% interest in each of petroleum exploration and development licences ("PEDLs") 180 and 182, including the Wressle Field development (the "Wressle Farm-in Agreement"). Completion of the Wressle Farm-in Agreement is conditional on receipt of certain planning and other approvals which may be waived at Upland's discretion.
Steve Staley, Upland Resources CEO, commented:
"We are very pleased to see this validation of the proposed Wressle development by the Environment Agency. This represents another significant step toward the start of production there."
**Ends**
Contact details:
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Premium
Upland Resources Limited www.uplandres.com
Steve Staley, CEO s.staley@uplandres.com
Optiva Securities Limited www.optivasecurities.com
Jeremy King (Corporate Tel: +44 (0)20 3137 1904
Finance) jeremy.king@optivasecurities.com
Christian Dennis (Corporate Tel: +44 (0)20 3411 1882
Broker) christian.dennis@optivasecurities.com
FTI Consulting
Edward Westropp Tel: +44 (0)203 727 1521
edward.westropp@fticonsulting.com
Flowcomms Ltd
Sasha Sethi Tel: 07891 677441
sasha@flowcomms.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 commercials skills and contacts, management having held senior roles in Petronas, Conoco, Shell etc. Upland is taking advantage of the current market conditions to acquire quality upstream assets on attractive terms.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGGUPGAUPMGAR
(END) Dow Jones Newswires
May 19, 2017 02:00 ET (06:00 GMT)
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