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Pin to quick picksUpland Resource Share News (UPL)

Share Price Information for Upland Resource (UPL)

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Share Price: 3.30
Bid: 3.20
Ask: 3.40
Change: 0.58 (21.32%)
Spread: 0.20 (6.25%)
Open: 2.80
High: 3.35
Low: 2.80
Prev. Close: 2.72
UPL Live PriceLast checked at -

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

Mon, 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.

Current stock price: 0.24 pence, down 13%

12-month change: down just under 100%

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
28 Mar 2024 12:20

Upland Resources shares soar as company prepares for Sarawak drilling

(Alliance News) - Upland Resources Ltd announced on Thursday that progress has been in the exploration of Sarawak Block SK334.

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5 Feb 2024 20:23

TRADING UPDATES: ReNeuron warns; Gama Aviation pledges cash return

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

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22 Jan 2024 16:01

Upland Resources forms Finance & Investment Committee

(Alliance News) - Upland Resources Ltd on Monday said it has formed a Finance & Investment Committee to boost its workstream management.

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15 Dec 2023 12:07

IN BRIEF: Upland Resources signs letter of intent for new drilling rig

Upland Resources Ltd - London-based oil and gas company, which has assets in Malaysia, Tunisia and the UK North Sea - Signs specific letter of intent for the provision of a new generation drilling rig with partner Huisman Geo. "Huisman bring extensive experience in new generation onshore drilling, complementing our team as we complete the next steps," Upland says. Huisman Geo has been active in the geothermal sector since 2009. Upland Chair Bolhassan Di says: "Following a fruitful week spent in Sarawak finessing the procurement routes & frameworks with Petros, focus is now set on drill preparations, well design and land preparation. We have made tangible progress and laid strong foundations towards our intended drill campaign. We look forward to increased market engagement as we continue to scale up operations on block SK334 in Sarawak."

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4 Dec 2023 17:33

TRADING UPDATES: 600 Group disposal and funding talks continue

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

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28 Nov 2023 16:53

TRADING UPDATES: Upland Resources completes technical study at Sarawak

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

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30 Oct 2023 11:57

Upland Resources takeover talks go nowhere, shares slide

(Sharecast News) - Shares in oil and gas investment firm Upland Resources tanked on Monday after it said that a potential takeover bid had turned out not to be "bona fide".

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30 Oct 2023 10:33

Upland Resources shares slump as potential takeover bid falls flat

(Alliance News) - Upland Resources Ltd shares plummeted on Monday, after it announced that sales talks regarding a takeover offer have fallen through.

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23 Oct 2023 14:21

Upland Resources surges as rejects "very preliminary" takeover offer

(Alliance News) - Upland Resources shares soared on Monday, after it announced that it had rejected a takeover offer that it said "significantly undervalues" its potential.

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23 Oct 2023 08:38

Upland Resources rejects 'very preliminary' bid approach at 14p a share

(Sharecast News) - Shares of Upland Resources rocketed on Monday after the oil and gas company confirmed it had received and rejected an unsolicited, "very preliminary" approach about a possible takeover offer at 14p a share from SEC Capital.

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23 Oct 2023 07:46

LONDON BRIEFING: Keller expects higher profit; Upland rejects approach

(Alliance News) - Stocks in London are set to open slightly higher on Monday, as risk sentiment improves after a difficult period for markets last week.

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20 Oct 2023 09:57

IN BRIEF: Upland Resources says contract work ongoing in "busy" month

Upland Resources Ltd - London-based oil and gas company with assets in Malaysia, Tunisia and the UK North Sea - Expects in early November to complete drafting of a joint technical study technical report, for the production sharing contract regarding onshore Block SK334 in Sarawak, Malaysia. Draft will be sent for review by its state-owned partner Petroleum Sarawak Berhard or Petros. Evaluation of potential drilling targets is ongoing. Upland notes that its proposal for the SK334 PSC was submitted and "received positively" by Petros on September 20.

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12 Oct 2023 14:06

IN BRIEF: Upland Resources raises GBP450,000; signs letter of intent

Upland Resources Ltd - London-based oil and gas company with assets in Malaysia, Tunisia and the UK North Sea - Raises GBP447,460, after it received a notice to exercise 61.6 million shares, as well as a placing of 9.8 million shares with strategic partner.

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21 Sep 2023 14:32

TRADING UPDATES: Bluejay scraps cash investment in Dundas on testing

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

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18 Sep 2023 19:38

IN BRIEF: Upland Resources forms Technical Evaluation Committee

Upland Resources Ltd - London-based oil and gas company with assets in Malaysia, Tunisia and the UK North Sea - Forms Technical Evaluation Committee responsible for advising the board on technical activities related to its assets. Says this underscores the company's commitment to effective management on workstreams such as Block SK334. Explains the committee's mandate encompasses a wide range of critical functions, including, resource estimation, qualifying and advising on exploration initiatives. It will be made up of industry experts with both international and regional experiences and company specific in-depth project knowledge of Upland Resources's assets.

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