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Upland Resource (UPL) Share News

IN BRIEF: Upland Resources shares rise on completion of Malaysian JV

10th Oct 2022 14:24

Upland Resources Ltd - London-based oil and gas company - Notes completion of joint venture between its subsidiary Upland Resources (Sarawak) Sdn Bhd and Big Oil Ventures Sdn Bhd. JV is called Upland Big Oil Sdn Bhd. Both Upland and Big Oil will fund a joint technical study for a project in Malaysia, with Upland's outlay towards the completion of the study expected to be USD250,000. Read More

Upland Resources shares jump on joint study in Sarawak, Malaysia

2nd Sep 2022 09:31

(Alliance News) - Upland Resources Ltd shares surged on Friday following its subsidiary signing a joint study agreement to carry out work on Block SK334 in Malaysia. Read More

IN BRIEF: Upland Resources expects positive data from Dunrobin

31st Aug 2022 19:17

Upland Resources Ltd - London-based oil and gas company - On the Dunrobin prospect within licence P2478 in the Inner Moray Firth, 3D seismic reprocessing project and geochemical studies have been received. Read More

TRADING UPDATES: Upland and Pennpetro sign deal; PYX sales up

22nd Jul 2022 14:58

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

IN BRIEF: Pennpetro Energy rises as it clears Saouaf permit confusion

24th Jun 2022 15:50

Pennpetro Energy PLC - oil producer in Texas - Confirms, despite announcement earlier this week by fellow London listing Upland Resources Ltd, that it retains the exclusivity to the farm-in to the Saouaf permit in Tunisia until July 15. Read More

IN BRIEF: Upland eyes Saouaf farm-out; restructuring management

20th Jun 2022 18:29

Upland Resources Ltd - London-based oil and gas company - Says suspension from trading ends. In addition, says 3D seismic reprocessing is currently ongoing at IMF 2478, the Inner Moray Firth licence. "The technical work presently being carried out work for on IMF 2478 is intended to mature the Dunrobin prospect ahead of a potential drilling decision and or engagement with potential drilling partners," Upland adds. "Well costs are expected to be modest as the prospect lies in shallow water of less than 100 metres and the total drilling depth of the well is prognosed to be approximately 660 metres." On Tunisian Saouaf licence, company says progressing farm-out efforts are priority. Upland it is in process of restructuring management team. Read More

EARNINGS UPDATES: Jadestone boasts record revenue on surging oil price

6th Jun 2022 16:55

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

IN BRIEF: Pennpetro raises cash amid farm-in with Upland in Tunisia

17th Mar 2022 06:51

Pennpetro Energy PLC - oil producer in Texas - Signs agreement with fellow London listing Upland Resources Ltd to farm-in to the Saouaf permit area in Tunisia, which Upland holds in a joint venture with state oil company Enterprise Tunisienne d'Activites Petrolieres. Pennpetro subsidiary Nobel Petroleum USA Inc will take an 80% working interest and assume operatorship, subject to the approval of ETAP. The current work programme at Saouaf needs to be completed by December 23 this year, at which point the permit can be converted into an exploration permit. After conversion to an exploration permit, Nobel will hold a 40% working interest, with ETAP holding 50% and Upland 10%. Pennpetro will reimburse Upland 80% of its sunk costs in Tunisia, up to GBP290,000 and paid in shares. Read More