Upland Resource News Headlines. UPL Share News. Financial News Articles for Upland Resources Limited Ord Npv updated throughout the day.

24 Jun 2022 15:50

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

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.

20 Jun 2022 18:29

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

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.

6 Jun 2022 16:55

EARNINGS UPDATES: Jadestone boasts record revenue on surging oil price

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

17 Mar 2022 06:51

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

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.

11 Oct 2021 19:51