Upland Resource Share News (UPL)
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Mon, 23rd Oct 2023 08:38
(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.
In a very brief statement responding to press speculation, it said: "The board has unequivocally rejected the approach as it believes it significantly undervalues the current potential of the company."
At 0850 BST, the shares were up 109% at 6.16p.
(ShareCast News) - Shares in Upland Resources rose sharply on Monday, as the oil and gas group made its debut on the London Stock Exchange's Main Market. The group, which is currently awaiting the result of the 14th UK Onshore Oil and Gas Licensing round, in which it has bid along with two other fir
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