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Share Price Information for Upland Resource (UPL)

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Share Price: 3.15
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TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

Fri, 04th Nov 2022 20:38

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

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Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Proposes to extend the long-stop date to February 16, 2023, from December 16. If its ongoing restructuring has not been implemented by this date, the scheme and the implementation deed will automatically terminate. On May 11, it launched a scheme of arrangement via issuing of practice statement letter to scheme creditors to implement a proposed financial restructuring, as contemplated in the lock-up agreement with regards to the 8.0% senior notes due July 2022 and 7.0% senior notes due February 2025, issued by Nostrum Oil & Finance BV.

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SigmaRoc PLC - London-based quarried materials group - Files a UK patent on its Alfabloc Mark II retaining wall systems. Alfabloc is an interconnecting precast concrete walling system produced in the UK, Ireland, Benelux and Scandinavia.

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RTW Venture Fund Ltd - New York-based investor in life sciences, biopharmaceutical, and medical technology companies - Director William Scott buys 50,000 shares at USD1.105 each.

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Griffin Mining Ltd - mine operator focused on China - Recommences the operations of Caijiaying mine in China on Tuesday. Expects full production at Caijiaying mine to begin Monday.

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Amte Power PLC - developer and manufacturer of lithium-ion and sodium-ion battery cells - Signs a convertible bond facility. Issues a tranche 1 drawdown notice in respect of the first GBP3.0 million of the facility. The maximum proceeds of the facility are expected to amount to roughly GBP3.9 million.

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Kingswood Holdings Ltd - London-based wealth and investment management - Says it made a second year 1 deferred consideration payment in the amount of GBP500,000 relating to the acquisition of Admiral Wealth Management Ltd. Says it used a portion of the cash proceeds from its new funding facility.

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Provident Financial PLC - Bradford, England-based banking company - Receives a notice from the Prudential Regulation Authority that its application for a UK Group large exposure waiver was approved. This will enable Moneybarn No 1 Ltd, the group's vehicle finance subsidiary, to access retail deposit funding via Vanquis Bank with immediate effect.

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Upland Resources Ltd - London-based oil and gas company - Promotes Non-Executive Chair Haji Bolhassan Di to chief executive officer on a full-time basis. The appointment is effective immediately. Bolhassan has had significant oil and gas experience with Shell PLC in South Korea, Singapore, the North Sea and the Netherlands.

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Round Hill Music Royalty Fund Ltd - Guernsey-based investor in music copyright assets - Turtlegrass Partners LLC, a company controlled by Round Hill Music Royalty Fund Ltd investment manager Joshua Gruss buys 116,000 at USD0.858.

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IDE Group Holdings PLC - Croydon-based cloud & IT managed services provider - Says the change of its name to Tialis Essential IT PLC has now been completed and has taken effect on companies house as of Thursday. "Over the coming months the company will be overhauling the entire IDE brand, colours and messaging, with a relaunch of the new Tialis brand. This will include a new website, planned for early 2023," the company says.

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Mode Global Holdings PLC - London-based bitcoin banking app - Says it has received and accepted conversion notices resulting in the conversion of an aggregate of GBP69,056 principal amount of the loan notes, resulting in the issuance today of 1.9 million new ordinary shares of 1 pence each in the capital of the company at an average conversion price of GBP0.0393 per share.

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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company operating in Nigeria and US state of Wyoming - Issues 7.0 million common shares following a conversion of USD800,000 principal of 2024 bonds and USD600,000 principal of 2025 bonds. The principal amount of convertible bonds outstanding reduced to USD11.2 million of 2024 Bonds and USD9.0 million of 2025 bonds, it says.

On Tuesday, the company reports that the miscible flood at it Barron Flats continue to exceed its initial expectations, "thus resulting in a resimulation of the field which is underway." Says flaring gas has commenced at Barron Flats. Continues to refine its interpretation of its deep oil discovery made in September. Remains in discussions with "select US and international banks" regarding the refinancing of its current senior credit facility of USD42 million.

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Coral Products PLC - Manchester-based plastic products maker - Proposes the cancellation of its share premium account and of the capital redemption reserve. Together they comprise the reduction of its share capital. Seeks the approval of shareholders for the cancellation of the entire share premium account of the company of GBP6.3 million. Also seeks shareholder approval for the cancellation of the capital redemption reserve of GBP1.2 million.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
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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23 Aug 2023 11:00

Upland Resources hails progress at onshore block in Sarawak, Malaysia

(Alliance News) - Upland Resources Ltd on Wednesday said that the planned technical workshop for the joint technical study on block SK334 onshore Sarawak in Malaysia was successful.

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18 Aug 2023 08:48

Upland Resources shares up as discovers gas near Malaysia site

(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.

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28 Jul 2023 12:14

Upland Resources progressing onshore rig assessment for Sarawak block

(Alliance News) - Upland Resources Ltd on Friday said it has made "significant progress" towards assessing an onshore rig capable of developing block SK334 in Sarawak, Malaysia with its joint venture partner.

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25 Jul 2023 11:34

DIRECTOR DEALINGS: Darktrace AI chief sells GBP2.3 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and Tuesday and not separately reported by Alliance News:

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24 Jul 2023 11:56

Upland Resources sees shares jump on rig developments for Sarawak

(Alliance News) - Upland Resources Ltd on Monday said that it is now in the formal process of assessing and contracting an onshore rig capable of developing block SK334 in the Malaysian state of Sarawak.

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14 Jul 2023 08:32

Upland Resources discusses oil collaboration with Brunei authorities

(Alliance News) - Upland Resources Ltd on Friday said its local joint venture company Upland Big Oil Ventures Sdn Bhd met with the Petroleum Authority of Brunei Darussalam to discuss collaborating on oil block SK334, which is in the neighbouring Malaysian state of Sarawak.

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3 Jul 2023 18:59

TRADING UPDATES: Hamak Gold raises GBP350,000 for Liberia drilling

(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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29 Jun 2023 18:56

TRADING UPDATES: abrdn New India, Chelverton UK net assets fall

(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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28 Apr 2023 16:15

TRADING UPDATES: Castings beats market view; Zoo Digital buys in Japan

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

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31 Mar 2023 18:49

EARNINGS UPDATES: Mila narrows loss; Pantheon collects revenue

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

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