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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.225 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -494k | -0.0007 | -46.00 | 22.11M |
TIDMUPL
RNS Number : 7045J
Upland Resources Limited
18 August 2023
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.
18 August 2023
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
Brunei Collaboration Update
Upland Resources Limited (LSE: UPL) is pleased to announce that, through its collaborative discussions with the Petroleum Authority of Brunei Darussalam, the Company has recently been advised that gas was discovered in two previously unknown reservoirs in the neighbouring block in Brunei, which is located close to, and has a similar geological context to prospective areas in Block SK334.
High pressure, material gas discovery where gas flared at surface level with further additional formations yet to be tested.
This is a significant derisk to future exploration and significantly enhances prospectivity in Block SK334. Upland is actively evaluating all available data from these wells to help constrain technical risk in Block SK334.
Professor Andrew Hurst, Upland Technical Director commented:
"The presence of previously unrecognised reservoirs and proof of gas migration and trapping in the adjacent Brunei block are key positive indicators of broader hydrocarbon prospectivity in the area."
Bolhassan Di, Upland Chairman and CEO commented:
"We view this development as a material upgrade to Block SK334, correlating key characteristics and understanding of the adjacent block prospectivity, further strengthening our position.
Additionally, gas is a core pillar and major catalyst in Sarawak's roadmap to sustainability. We look forward to updating the market of any further developments."
**ENDS**
For further information, please contact:
Upland Resources Limited Tel: +60 198 861 919 Bolhassan Di, Chairman and CEO bolhassan@uplandbigoil.com.my gerry.murray@upland.energy www.uplandres.com Optiva Securities - Broker Tel: +44 (0)20 3137 1903 Christian Dennis christian.dennis@optivasecurities.com (Corporate Broker) www.optivasecurities.com ---------------------------------------
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
UPDGPUBURUPWGRM
(END) Dow Jones Newswires
August 18, 2023 02:00 ET (06:00 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