Upland Resources Gains Exploration Licence In Onshore Tunisia

Wed, 01st Aug 2018 12:13

LONDON (Alliance News) - Upland Resources Ltd said Wednesday that it gained approval for a licence application from the Hydrocarbon Consultative Committee of the Tunisian Government.

The company received the approval for an exclusive licence for hydrocarbon exploration and appraisal in onshore northern Tunisia covering "attractive open acreage".

"The company believes there is the potential for very substantial quantities of recoverable gas within the permit area," Upland said.

Upland will act as operator and hold a majority stake in the permit.

Shares in the company were trading up 4.2% at 3.49 pence each on Wednesday.

Related Shares

More News

21 May 2024 21:50

TRADING UPDATES: CVS sells Dutch and Irish loss-making businesses

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

16 May 2024 20:09

TRADING UPDATES: Bens Creek considers administration; Nexxen inks deal

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

16 May 2024 16:29

EARNINGS AND TRADING: Tullow Oil on track to hit free cash flow target

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

29 Apr 2024 14:21

Upland Resources raises money from investors; well placed for strategy

(Alliance News) - Upland Resources Ltd on Monday said it raised money from investors and that it engaged in discussions with "key" stakeholders.

22 Apr 2024 16:03

Upland Resources inks deal with partner for potential joint venture

(Alliance News) - Upland Resources Ltd on Monday said it has signed a letter of intent for a potential joint venture agreement with an unnamed "partne...