Upland Resources Limited

Equities

UPL

JE00BJXN4P16

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 11:35:10 2024-04-26 am EDT			5-day change	1st Jan Change
4.4 ^GBX	+2.33%		+10.00%	+8.64%

Apr. 26	Facilities by ADF profit hit by Hollywood strikes	AN
Apr. 22	Upland Resources inks deal with partner for potential joint venture	AN

Upland Resources shares up as discovers gas near Malaysia site

August 18, 2023 at 03:50 am EDT

(Alliance News) - Upland Resources Ltd shares were up on Friday, after it said gas has been discovered in Brunei near its block SK334 in Sarawak, Malaysia.

Upland Resources is a London-based oil and gas company, which has assets in Malaysia, Tunisia and the UK North Sea. Its shares rose 5.1% to 2.47 pence each in London on Friday morning.

It said it has 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.

Upland noted that there "is a significant derisk to future exploration and significantly enhances prospectivity in block SK334."

It is actively evaluating all available data from these wells to help constrain technical risk in block SK334.

Chair & Chief Executive Bolhassan Di said: "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."

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BRENT CRUDE OIL SPOT	88.07 USD	+0.10%	+1.75%	-
WTI	83.53 USD	0.00%	+1.68%	-
UPLAND RESOURCES LIMITED	4.4 GBX	+2.33%	+10.00%	66.39M

Latest news about Upland Resources Limited

Facilities by ADF profit hit by Hollywood strikes	Apr. 26	AN
Upland Resources inks deal with partner for potential joint venture	Apr. 22	AN
Upland Resources to Enter Oil-Gas JV, Secures New Rig Deal	Apr. 22	MT
Upland Resources shares soar as company prepares for Sarawak drilling	Mar. 28	AN
ReNeuron warns; Gama Aviation pledges cash return	Feb. 05	AN
Upland Resources forms Finance & Investment Committee	Jan. 22	AN
Upland Resources Limited Announces the Formation of a Finance and Investment Committee	Jan. 22	CI
Upland Resources signs letter of intent for new drilling rig	Dec. 15	AN
Upland Resources Books Drilling Rig for Malaysian Onshore Project	Dec. 15	MT
600 Group disposal and funding talks continue	Dec. 04	AN
Upland Resources completes technical study at Sarawak	Nov. 28	AN
Upland Resources shares slump as potential takeover bid falls flat	23-10-30	AN
FTSE 100 Falls Ahead of UK Jobs Data	23-10-23	DJ
Upland Resources surges as rejects "very preliminary" takeover offer	23-10-23	AN
Upland Resources Rejects Unsolicited Takeover Approach; Stock Surges	23-10-23	MT
Keller expects higher profit; Upland rejects approach	23-10-23	AN
Upland Resources Responses to Speculation	23-10-23	CI
SEC Capital cancelled the acquisition of Upland Resources Limited.	23-10-22	CI
Upland Resources says contract work ongoing in "busy" month	23-10-20	AN
Upland Resources raises GBP450,000; signs letter of intent	23-10-12	AN
Upland Resources Gets Warrant Exercise Notice, Places 9.8 Million Shares	23-10-12	MT
Upland Resources Inks MoU for Planning, Drilling Services at Malaysia Oil Site	23-10-12	MT
Bluejay scraps cash investment in Dundas on testing	23-09-21	AN
Upland Resources forms Technical Evaluation Committee	23-09-18	AN
Upland Resources Limited Announces Formation of Technical Evaluation Committee	23-09-18	CI

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Company Profile

Upland Resources Limited is a Jersey-based upstream oil and gas company. The Company is primarily focused on developing opportunities in Sarawak, Malaysia. The Companyâs assets include Sarawak SK334, North Sea Inner Moray Firth and Hardstoft. Its Block SK334, which has a size of approximately 6,685 square kilometers (km), is located in the northern region of Onshore Sarawak, Malaysia. Its North Sea Inner Moray Firth is located in Located in the North Sea and comprises a Dunrobin Prospect, which consists of a large, rotated fault block, covering up to approximately 45 square kilometers (km2). The Company has a 25% interest in Hardstoft (Block SK46c). This acreage is located in the East Midlands Oil Province.

Sector

Oil & Gas Exploration and Production

Calendar

2024-10-24 - Q4 2024 Earnings Release (Projected)

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Sector Other Oil & Gas Exploration and Production

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