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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
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Wick, Colter Prospect Investees Note Drilling Rig Deal By Corallian

Fri, 28th Sep 2018 12:25

LONDON (Alliance News) - Reabold Resources PLC on Friday noted Corallian Energy Ltd's signing of a rig to drill the Wick and Colter prospects offshore UK.

Reabold has a 33% interest in Corallian. The drilling campaign is expected to begin in the fourth quarter of 2018, subject to the necessary regulatory approvals.

Reabold Co-Chief Executive Sachin Oza commented: "Given our unique exposure to both high-impact opportunities at Colter and Wick, today's news is highly exciting for Reabold and its shareholders.

"If successful, both prospects independently offer attractive economics, low development costs and fast payback, which could prove to be transformational for the company."

"As many of Reabold's investments are now entering operational periods, we look forward to continuing to provide further updates on each as progress continues over the next few months," Oza continued.

Corallian's rig contract was noted by Andalas Energy & Power PLC, which has an 8% interest in Colter, United Oil & Gas PLC, which has a 10% interest in Colter, and Upland Resources Ltd, which has a 40% interest in Wick.

Baron Oil PLC also noted the agreement - it has a 15% stake in Wick and an 8% interest in Colter.

Reabold shares were up 5.5% on Friday, Andalas up 1.4%, UOG 2.7%, Upland 6.5% higher, and Baron 17%.

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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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(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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(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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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

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Upland Resources surges as rejects "very preliminary" takeover offer

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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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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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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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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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IN BRIEF: Upland Resources forms Technical Evaluation Committee

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