Member Info for adamrlowe

The relationship with Lost Soldier really is unique - the company has quietly secured direct exposure to one of the largest US unconventional gas discoveries in 40 years:

✅ ~6 Tcf estimated gas resource in Wyoming's Bison Basin (sub-basin of the prolific Green River Basin).

✅ 3,400ft of stacked pay confirmed across 5 zones — with a further 4,000ft of potential pay identified.

✅ 56 leases / 24,000 acres in the Federal Unit, plus a 250,000-acre Area of Mutual Interest.

✅ 5.3-mile connector pipeline underway — tapping a line rated to ~400 MMcf/d.

✅ First commercial gas targeted Q4 2026 — genuine near-term cash flow.

✅ Upland holds lifetime overriding royalty rights across 24,000 acres — irrespective of ownership changes.

✅ Quarterly production revenue + rights to participate in future wells on a 30-year life asset.

✅ Upland is the ONLY publicly listed company with direct exposure to Wild Mustang.

✅ Led by Marc Bruner — founder of Ultra Petroleum (>$7bn mkt cap) & the 49 Tcf Pinedale-Jonah development.

https://x.com/i/status/2073653533639942472

https://www.linkedin.com/posts/adam-lowe-8a4a00199_upl-upllf-ugcPost-7479421037349175296-Ce_m/?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAAC6ZzPwBb2hkSuYAw6oZBXqmrahNao8HhT4&utm_campaign=copy_link

The team behind Upland Resources — the right people, in the right rooms, with the right relationships (we hope!!!):

✅ Datuk Bolhassan Di — Chairman & CEO. Former Sarawak Shell engineer, Sarawak State Assembly member 1987–2011.

✅ Thomas Nyanat — CEO, Upland Big Oil Sdn Bhd. 41+ years at Shell Malaysia (Chief Petroleum Engineer), Shell International USA (Geology Discipline Leader), PetroSA (Chief Geologist) and — critically — General Manager for Onshore Assets at PETROS, Sarawak's own state oil company.

✅ Gerard Murray — Chief Operating Officer. MSc Oil & Gas Enterprise Management, Aberdeen. Major capital project experience with Chevron, BP and Aker Solutions.

✅ Prof Andrew Hurst — Non-Executive Technical Director. Chair of Energy Geoscience, University of Aberdeen. Former academic lead, University of Brunei petroleum geoscience department.

✅ Dr Razak Damit — Non-Executive Director. 35+ years at Brunei Shell Petroleum. Key contributor to the billion-barrel Champion West & Seria field discoveries. Former Country Manager, PetroleumBRUNEI.

✅ Dr Ngakan Alit Ascaria — Technical Committee. 35+ years SE Asian petroleum geoscience. Senior adviser to Indonesia's Ministry of Energy & SKK Migas.

✅ Josh Galloway — Head of Drilling. Founded Vanguard Drilling 2016. Offshore experience with ExxonMobil, Petronas, Total & Equinor.

✅ Marc Bruner — Strategic Investment Adviser. Founder, Lost Soldier Oil and Gas LLC . $100M funding commitment. Skin in the game.

The entire eam has backed the company with their own money — directors subscribed £1.098M in shares at 3.5p in February 2026. That's conviction.

🔥"developments...years in the making"🔥

https://x.com/i/status/2071124112932560976

https://www.linkedin.com/posts/adam-lowe-8a4a00199_upl-upllf-ugcPost-7476891588242206720-egco/?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAAC6ZzPwBb2hkSuYAw6oZBXqmrahNao8HhT4&utm_campaign=copy_link

Upland are in exclusive and direct negotiation for a strategically positioned onshore block in the North Sumatra Basin :

✅ Independent, Yet-To-Find potential exceeding 9 billion boe across the basin.

✅ Analysis built on licensed national datasets, operator technical studies & industry-standard commercial intelligence.

✅ Materially underexplored across several key sub-basins.

✅ Route to production via SKK Migas — Indonesia's national upstream regulator, responsible for licensing & Production Sharing Contracts.

✅ Complements the Kalimantan Discovered Resource Opportunity — together forming a scalable, multi-block SE Asian core.

✅ Secured via a £2.0m placing — with £1.5m from Directors & management, reflecting strong internal conviction.

✅ Backed by $100M Lost Soldier Oil and Gas LLC funding commitment for asset advancement.

🔥"developments...years in the making"🔥

https://x.com/i/status/2068565901713019147

https://www.linkedin.com/posts/adam-lowe-8a4a00199_upl-upllf-ugcPost-7473997269206437888-g40k/?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAAC6ZzPwBb2hkSuYAw6oZBXqmrahNao8HhT4&utm_campaign=copy_link

"the company has expressed a preference for project-level funding structures in order to minimise dilution, and has reported that several potential P1 investment partners are currently undertaking due diligence".

That's in the paragraph before - this is the company's official position and remains so.

"Pending actual developments, we assume that: US$55m of equity will be raised... via the issuance of c529m shares priced at 8.0p (the current share price, rounded)... The assumed share price is adopted purely for modelling convenience."

That's as explicit as a broker note ever gets about flagging its own placeholder. It's not company guidance dressed up as analysis — Cavendish is telling us directly that this is their number for the model to balance, not a company negotiated or aspirational term.

The company has long, historic relarionships and is looking to build something truly special for the country, its people and the company:

✅ Block L (onshore) — formal acknowledgement received from the Petroleum Authority of Brunei (PAB) for production sharing contract interest.

✅ Upland Big Oil (45% UPL stake) shortlisted for Brunei's 2025 Offshore Shallow Water Bidding Round.

✅ Two blocks on offer — Block A (1,728 km²) & Block D (2,294 km²) in 10–500m water depth.

✅ Strategically positioned near existing infrastructure — Champion, Seria, Ampa, Fairley, Osprey, Iron, Duke & Maharaja Lela fields.

✅ Excellent 3D seismic coverage & well data — proven plays across multiple horizons.

✅ Gas discovered in neighbouring Brunei block — direct geological derisker for Petroleum Sarawak Berhad SK334.

✅ Dr Razak Damit on the team — 35+ years at Brunei Shell, key contributor to the billion-barrel Champion West discovery.

✅ Prof Andrew Hurst — former academic lead, University of Brunei petroleum geoscience.

✅ HEP Law — longstanding Brunei legal relationships in place.

✅ Backed by $100M Lost Soldier Oil and Gas LLC funding commitment.

The depth of UPL's engagement, support, technical credibility and in-country relationships; position the Company exceptionally well.

🔥"developments...years in the making"🔥

https://x.com/i/status/2066041284398108887

https://www.linkedin.com/posts/adam-lowe-8a4a00199_upl-upllf-ugcPost-7471805476486225921-jyzW/?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAAC6ZzPwBb2hkSuYAw6oZBXqmrahNao8HhT4&utm_campaign=copy_link

Kalimantan really could be a game changer:

✅ 4,000km²+ joint study area under exclusive negotiation.

✅ 500M+ barrels of oil in place (P50 2C — SKK Migas 2024).

✅ 1.5 Tcf+ gas in place (P50 2C — SKK Migas 2024).

✅ Kutei Basin: 3.9bn barrels & 64 Tcf produced across 139 commercial fields.

✅ Qualifies as a Discovered Resource Opportunity — clear pathway to production.

✅ Backed by $100m Lost Soldier Oil and Gas LLC funding commitment.

🔥"developments...years in the making"🔥

https://x.com/i/status/2063510003990860203

https://www.linkedin.com/posts/adam-lowe-8a4a00199_upl-upllf-ugcPost-7469277385784397824-NdlI/?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAAC6ZzPwBb2hkSuYAw6oZBXqmrahNao8HhT4&utm_campaign=copy_link

✅ MoU with PEMA — Aceh's state-owned energy company — covering two onshore blocks in one of Southeast Asia's most underexplored petroleum provinces.

✅ Two blocks under exclusive negotiation with relevant authorities.

✅ Joint feasibility study framework agreed — technical, financial & legal.

✅ Production ramp-up target of ~20,000 boe/d (~120 MMscf/d).

✅ North Sumatra Basin: 5.9bn boe recoverable potential (P50).

✅ 34 Tcf undiscovered gas resources in the basin.

✅ Super-majors already taking interest in the region.

✅ Backed by $100M Lost Soldier funding commitment.

https://x.com/i/status/2060977791198257664

https://www.linkedin.com/posts/adam-lowe-8a4a00199_upl-upllf-uplandresources-ugcPost-7466744631146352640-Warl/?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAAC6ZzPwBb2hkSuYAw6oZBXqmrahNao8HhT4&utm_campaign=copy_link

As posted below, that's a pretty good article and deep dive...sums it up well imo.

✅ $100M funding commitment from Lost Soldier Oil and Gas LLC 2026-2030.

✅ Kalimantan (500M bbl + 1.5 TCF) & North Sumatra (9bn boe basin potential) in negotiation.

✅ Vanguard drilling systems acquired — operational capability in place.

✅ OTCQB listed under $UPLLF — US investors now in the mix.

✅ Wild Mustang, Wyoming — first gas targeted Q4 2026.

✅ 5bn+ boe gross unrisked prospective resources across the portfolio.

https://x.com/i/status/2058798201390432625

https://www.linkedin.com/posts/adam-lowe-8a4a00199_upl-upllf-share-7464565919302811648-9_nn/?utm_source=share&utm_medium=member_android&rcm=ACoAAC6ZzPwBb2hkSuYAw6oZBXqmrahNao8HhT4

I think we're almost in the sweet spot for any good to go, elephant sized field (such as this).

Even the IEA said that, based on current policies and regulations, global oil consumption will continue to increase through 2050. Add in data centres etc and this is a good time to be "finding" oil and gas to bridge the gap into renewables that you mention.

Marc Bruner and Lost Soldier Oil and Gas LLC — why are world class experts so excited about Upland Resources:

✅ 5bn+ boe gross unrisked prospective resources across the portfolio.

✅ Proven unconventional expertise now applied to SE Asia's under-explored "elephant" basins.

✅️ $100M funding commitment secured for UPL's SE Asia portfolio 2026-2030.

✅ Lost Soldier option to farm-in up to 20% across UPL's focus areas.

✅ Multi-year drilling programme.

✅ US market exposure via Lost Soldier's Wild Mustang, Wyoming.

When a major US operator backs you with $100M and puts skin in the game — that's a statement of intent.

🔥"developments...years in the making"🔥

https://x.com/i/status/2055903470503202959

https://www.linkedin.com/posts/adam-lowe-8a4a00199_upl-upllf-uplandresources-ugcPost-7461667956310212608-JFD8?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAAC6ZzPwBb2hkSuYAw6oZBXqmrahNao8HhT4&utm_campaign=copy_link

Even with the delays in Sarawak, this is still very much "part of the package":

✅ First UK-listed company to partner with PETROS, Sarawak's state-owned petroleum company.

✅ Joint Technical Study with PETROS — delivered on time & on budget.

✅ JTS & privilege on Block SK334 — a critical commercial advantage.

✅ Block SK334 — 7+ years of data, seismic analysis & engineering complete.

✅ Hydrocarbon potential comparable to the neighbouring billion-barrel Seria field.

✅ 3 closed structures mapped at multiple horizons.

✅ Low cost, low risk, high impact.

🔥"developments...years in the making"🔥

https://www.linkedin.com/posts/adam-lowe-8a4a00199_upl-upllf-ugcPost-7459133527331254272-XpYi?utm_source=share&utm_medium=member_android&rcm=ACoAAC6ZzPwBb2hkSuYAw6oZBXqmrahNao8HhT4

https://x.com/i/status/2053370053110722795

A superb annual report with some great snippets:

✅️ Positive ESDM signal on Indonesia Joint Study → clear pathway to large-scale discovered resource.

✅️ $100M funding secured & strategic US partner in Lost Soldier Oil and Gas LLC.

✅️ >5bn boe prospective resources across portfolio.

✅️ US market open (OTCQB) + growing investor demand.

🔥"developments...years in the making"🔥

https://x.com/i/status/2051187502858277212

https://www.linkedin.com/posts/adam-lowe-8a4a00199_upl-upllf-ugcPost-7456744135975268352-fWkO?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAAC6ZzPwBb2hkSuYAw6oZBXqmrahNao8HhT4&utm_campaign=copy_link

The Malaysians have been very supportive, talen raises, propped the company up in times of trouble etc. They've been great in that regard. However, let's be honest, their presence has delivered absolutely nothing in terms of licence in Sarawak.

Selling / not selling matters not ultimately. If they are selling or have sold, their capital has been replaced by Bruner, Lost Soldier and American investors...bringing with them actual Oil and Gas expertise, an asset and revenue share.

Progress on Brunei (if there is any!🤣🤣) is through Razak. Indonesia / Borneo / North Sumatra etc have come since the Malaysians, along with Dr Ngakan Alit Ascaria, Ph.D. from ESDM / SKK Migas.

Everyone can read their own positives and negatives into the above and will have their own slant on things. I'm invested and remain so.

The company is now in a far better place (thankfully!) We now know the modfications work and can be scaled out. We also know that the final x2 payments are also now covered which is huge. Add in the fact that we now have a wide range of products and markets to sell into and things really are looking up.

Break even was reached off Kiln 1 at half capacity and kiln 2 ramping up. That is hugely encouraging. This is, ultimately, a non-flashy cash cow that can generate some serious income. Add in the lithium asset and also out % of the shareholder loan and we can be lookign at multiples from here. We hope!

The link with Lost Soldier really is amazing for a conpnay of Upland's size:

✅️ ~6Tcf Wild Mustang natural gas.

✅️ Chasing >5bboe across Borneo & Indonesia.

✅️ $13.8m bilateral investment option.

✅️ $100m strategic drill funding.

✅️ Up to 30% project farm in.

🔥"developments...years in the making"🔥

https://x.com/i/status/2048292399634399589

https://www.linkedin.com/posts/adam-lowe-8a4a00199_upl-upllf-ugcPost-7454060740300242945-pQ5T?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAAC6ZzPwBb2hkSuYAw6oZBXqmrahNao8HhT4&utm_campaign=copy_link

I only post my views on here about what assets are in play and what the potential could be.

The company is in a very different position to where it once was and, in my own appraisal (and that is even with the previous issues!), it is a far better position.

Before, Upland was a binary bet on a singular exploration play (albeit a huge potential one!) in Sarawak. Yes, the story has pivoted, but as a result, the company is now so much more:

• SK334, Sarawak following on from Joint Technical Study.

• Revenue share with Lost Soldier (1st gas estimated Q4 2026).

• US$100 million funding commitment from LS for drilling.

• Marc Bruner as a direct investor.

• Lost Soldier and Bruner with options to invest c.$14 million more (at a premium).

• OTCQB listing.

• Direct American investors in the last raise.

• Only listed vehicle with direct access to Wild Mustang Gas.

• Participation in Block MY1 and Block MY2- Feasibility and Development Plan with PEMA.

• Applying for Kalimantan, Borneo (Large-Scale Onshore Joint Study Area) - Discovered Resource Opportunity.

• Applying for Northern Sumatra - High-Potential Onshore Block – exploration of Yet to Find resource potential.

• Application for Brunei onshore block L and offshore blocks.

• Asset Acquisition Agreement with Vanguard Drilling.

• Repeated BoD and backroom share purchases and direct investment.

That's what it feels like to me and would make sense considering the Lost Soldier & Marc Bruner side of things.

The relationship with Lost Soldier is truly game changing:

✅️ $100M drill funding & bilateral investment structure.

✅️ $13.8 m options for LS and Marc Bruner @ 5p.

✅️ $13.8m economic interest for UPL.

✅️ Project level farm in up to 30%.

✅️ Direct exposure to ~6 Tcf Wild Mustang & future cashflows.

✅️ Royalties, equity & well participation.

✅️ Lost Soldier bringing drilling, midstream & subsurface expertise

🔥"Developments...years in the making"🔥

https://x.com/i/status/2045758604628681196

https://www.linkedin.com/posts/adam-lowe-8a4a00199_upl-upllf-ugcPost-7451525824077488130-plCE?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAAC6ZzPwBb2hkSuYAw6oZBXqmrahNao8HhT4&utm_campaign=copy_link

The resources up for grabs are company making, and the Lost Soldier deal is game changing:

✅️ USA Wild Mustang:

~6 Tcf & first gas revenue share Q4 2026.

✅️ Aceh, Indonesia:

Block MY1: DRO & 100–400 Bcf.

Block MY2: high-impact exploration.

✅️ Sarawak: onshore block SK334.

✅️ Brunei: onshore block L / shallow water blocks A&D.

All with Lost Soldier's US$100 million funding & Upland Borneo Drilling Services...

🔥 "...developments which have been years in the making"🔥

https://x.com/i/status/2043223266962071571

https://www.linkedin.com/posts/adam-lowe-8a4a00199_upl-upllf-ugcPost-7448990510767194112-74D0?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAAC6ZzPwBb2hkSuYAw6oZBXqmrahNao8HhT4&utm_campaign=copy_link

OTC and LSE will "broadly" track. However, as mentioned here, due to the low stock availability on the OTC listing, prices will not directly match as the spreads will be huge - currently printed $0.036 vs. 0.0671 (so currently +£0.05 to buy).

As more stock becomes available (we may see ADR buying), we should see arbitrage opportunities and people will step in to trade it, which will help to link and balance the bid/asks.