RNS Number : 8178X
Upland Resources Limited
25 July 2024
 

25th July 2024

 

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

 

 

SK334 Petroleum Sharing Contract

 

 

Further to the recent RNS, Upland reiterates, the Company has been in communication with the Sarawak State Government, the final authority for Onshore O&G Assets in Sarawak, to secure an interest in a production sharing contract on Block SK334.

 

Government Announcement

Block SK334 "Petros is wrapping up a Joint Technical Study and we are looking forward to the potential drilling of an exploration well in 2025" (11th October 23).

 

In preparation for this, following the completion of the Joint Technical Study, Upland has advanced its preparations to deliver an exploration drilling programme to meet this announcement.

 

Following its application for an exclusive award with the Government and Petros the Company has built an experienced team, made up of local and international experts, who are ready to commence operations on Block SK334.

 

Joint Technical Study

In the terms and conditions of the signed Joint Technical Study Agreement between Upland and Petros, and as a medium-term strategy, Upland has certain unique advantages over other potential bidders in a competitive bidding process.

 

Joint Venture and Funding Partners

Additionally, Upland has identified potential partners for funding and operatorship of the SK334 Production Sharing Contract as a long-term strategy.

 

For more detailed information, please visit the following links:

 

https://upland.energy/team-for-drill-campaign/

 

https://upland.energy/wp-content/uploads/2024/06/SK334-Progress-Report-June-24.pdf

 

We will inform the market further in due course and look forward to meeting shareholders at the Company AGM on Tuesday 30th 2024.

 

 

For further information, please contact:

 

Upland Resources Limited 

Bolhassan Di

Chairman and CEO

Gerry Murray COO

Albert May CCO

Tel: +60 198  861919 

bolhassan@uplandbigoil.com.my

 

gerry.murray@upland.energy

albert.may@upland.energy

www.upland.energy

 

**ENDS**

 

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
 
 
MSCEAXXSAEFLEEA
Upland Resources (LSE:UPL)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Upland Resources Charts.
Upland Resources (LSE:UPL)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Upland Resources Charts.