Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUpland Resource Share News (UPL)

Share Price Information for Upland Resource (UPL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.70
Bid: 0.65
Ask: 0.75
Change: 0.00 (0.00%)
Spread: 0.10 (15.38%)
Open: 0.65
High: 0.70
Low: 0.65
Yest. Close: 0.70
UPL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Upland Resources Signs Two-Year Exploration Licence For Saouaf

Mon, 1st Jul 2019 14:49

(Alliance News) - Upland Resources Ltd on Monday said it formally signed permit documents for an exclusive Saouaf hydrocarbon exploration and appraisal licence, onshore northern Tunisia, on Friday.

Upland Resources shares were trading 13% higher on Monday afternoon at 2.00 pence each in London.

The oil and gas company said the documents were signed by Upland Saouaf Ltd, a wholly-owned subsidiary of Upland Resources, the Tunisian Minister of Industry and Small & Middle Enterprises, and the Tunisian state oil company Entreprise Tunisienne d'Activites Petrolieres.

The gas-prospective Saouaf licence, which covers 4,004 square kilometres, is operated by Upland Saouaf and is held 50/50 in the joint names of Upland Saouaf and Entreprise Tunisienne.

Upland Resources said the signature of the permit documents allows it to actively market participation in the Saouaf licence to potential farminees.

The Saouaf licence is for an initial term of two years and may be converted and thereby extended in term at Upland Saouaf's option. The commitments for the first phase include drilling one new well. Upland Resources said it has organised for a USD1 million bank guarantee to be lodged in favour of the Tunisian government against these first phase work commitments.

"The board of Upland is pleased to announce the signature of the Saoauf licence. This enables us to move forward with our plans in the Saouaf licence area whilst we continue to pursue other ventures in Tunisia, Sarawak and the North Sea," said Upland Resources Chief Executive Steve Staley.

More News

Upland Resources Interim Loss Widens; Happy With Licence Progress

Upland Resources Interim Loss Widens; Happy With Licence Progress

26 Mar 20 11:35

Upland Resources Raises GBP250,000 Through Subscription

Upland Resources Raises GBP250,000 Through Subscription

6 Mar 20 11:37

Upland Resources Names Interim CEO As Permanent; Launches Saouaf Study

Upland Resources Names Interim CEO As Permanent; Launches Saouaf Study

7 Jan 20 15:40

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

3 Dec 19 16:00

Upland Resources Annual Loss Widens Heavily On Wick Impairment

Upland Resources Annual Loss Widens Heavily On Wick Impairment

1 Nov 19 13:01

Upland Resources Appoints Non-Executive Director As Interim CEO

Upland Resources Appoints Non-Executive Director As Interim CEO

7 Oct 19 12:12

Upland Resources And Baron Oil Land North Sea Exploration Licences

(Alliance News) - Baron Oil PLC and Upland Resources Ltd on Friday said that their joint-venture has been awarded with two new exclusive licences over seven blocks in the Inner Moray Firth area in

20 Sep 19 14:42

Upland Resources Appoints Christopher Pitman, Dixon Wong To Board

(Alliance News) - Upland Resources Ltd on Wednesday said that it has appointed Christopher Pitman and Dixon Wong as additional non-executive directors with immediate effect.Pitman, who has

4 Sep 19 16:00

Upland Resources Completes Move To Better Takeover-Protected Jersey

(Alliance News) - Upland Resources Ltd said Friday it completed its registration migration to the UK crown dependency Jersey on Thursday, in a bid to shore up its protections faced by any future

16 Aug 19 13:03

Upland Resources Signs Two-Year Exploration Licence For Saouaf

(Alliance News) - Upland Resources Ltd on Monday said it formally signed permit documents for an exclusive Saouaf hydrocarbon exploration and appraisal licence, onshore northern Tunisia, on shares

1 Jul 19 14:49

Five Companies Reports Awards of Licences In Offshore UK

LONDON (Alliance News) - Five London-listed oil & gas companies on Wednesday reported the awards of new licences in the UK North sea by the Oil & Gas Authority as part of the UK 31st PLC,

5 Jun 19 10:09

Upland Resources 'encouraged' by unsolicited approaches

(Sharecast News) - Upstream oil and gas outfit Upland Resources has received several unsolicited approaches from companies looking to pick up a stake in its Tunisian operations.

23 Apr 19 12:02

Upland Resources Approached For Tunisian Saouaf Licence Farm-In

LONDON (Alliance News) - Upland Resources Ltd on Tuesday said it has received unsolicited farm-in approaches for its Saouaf licence in Tunisia.Shares in Upland were up 12% at 1.99 pence in

23 Apr 19 10:43

Reabold, Baron And Upland Shares Fall On Unsuccessful Wick Well

LONDON (Alliance News) - Shares in Reabold Resources PLC, Baron Oil PLC and Upland Resources Ltd dropped on Wednesday on the back of unsuccessful results from the drilling of the Wick exploration

16 Jan 19 09:02

Upland Resources Allows GBP3 Million Loan Note Facility To Lapse

LONDON (Alliance News) - Upland Resources Ltd said on Wednesday it allowed its GBP3.5 million convertible loan notes facility to lapse at the end of 2018.The upstream oil and gas company it

2 Jan 19 11:42

Login to your account

Don't have an account? Click here to register.