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150,000 top up today.
30 October 2017 UPLAND RESOURCES LIMITED ("Upland" or the "Company") Publication of 3rd Supplementary Prospectus Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, announces the publication of a 3rd supplementary prospectus approved by the United Kingdom Listing Authority (the "3rd Supplementary Prospectus"). The publication of the 3rd Supplementary Prospectus is a regulatory requirement under the Prospectus Rules following the publication on 27th October 2017 of the Company's Annual Report and Consolidated Financial Statements for the financial year ended 30th June 2017. 3rd Supplementary Prospectus The Supplementary Prospectus is supplemental to, and should be read in conjunction with, the Prospectus dated 28th November 2016 (the "Original Prospectus"), the Supplementary Prospectus dated 21st February 2017 and the 2nd Supplementary Prospectus dated 26 September 2017, all published in connection with the Placing of 169,230,770 Ordinary Shares (completed on 1st December 2016) and the Wressle Farm-in Agreement dated 24th November 2016 (still to be completed). Capitalised terms used in this announcement shall have the same meanings as defined in the Original Prospectus, unless otherwise defined herein. A copy of the 3rd Supplementary Prospectus will shortly be available on the Company's website at http://www.uplandres.com and hard copies will also be available at the offices of the Company's financial adviser and broker, Optiva Securities Limited, 2 Mill Street, Mayfair, London W1S 2AT. The 3rd Supplementary Prospectus has also been submitted to the National Storage Mechanism and will be available shortly at http://www.morningstar.co.uk/uk/NSM.
Another million scooped up. (Not by me). :-)
The Invincibles.
More trades today for some reason. Hopefully a slow steady creep up under the radar here. Any serious buying will send us into obrbit.
Some buying today out if the blue. News coming?
There is...the guy who bought a 150k and 75k top up today. The price goes up quick on buys here. Any serious buying will send this north. Quoted 1.27 then 1.29 minutes later.
Anybody here?
Today. 350k.
lol
Merry Christmas and a prosperous New Year.
Such low volume and small trades dragging the SP down. Lot of the small oil co's down today. Hopefully see a rise after the new year.
Along with a rise in the oil price. Good timing.
http://optivasecurities.com These guys now holding 33,376,930 shares. Maybe a pool for clients or they own direct?
Yes. My SIPP transfer didn't take too long. Probably just over two weeks in total. From Scottish Widows into Barclays. Quite good because my ISA is Barclays so it's the same platform for dealing. Will add more Upland shares when I can, long term anyway, won't see a penny of the SIPP for at least 8 years.
Shares added.
Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, is pleased to announce that its wholly-owned subsidiary, Upland Resources (UK Onshore) Limited ("Upland UK"), has entered into a conditional agreement for the farm-ins by Upland UK (by way of assignment from Europa Oil & Gas Limited ("Europa Oil & Gas")) to a 10% interest in each of UK onshore petroleum exploration and development licences ("PEDLs") 180 and 182 for an aggregate consideration of £1,600,000 on completion and a further contingent consideration of £250,000 contingent on a level of production from Wressle Field (the "Wressle Farm-in Agreement") which lies within the licence areas. First commercial oil production from Wressle is expected to flow at an estimated constrained rate of 500 barrels of oil per day gross early in 2017. The licences also contain the Broughton North Prospect situated in PEDL182. Completion of the agreement entered into between Europa Oil & Gas and Upland UK in respect of the Wressle Farm-ins (the "Wressle Farm-in Agreement") is subject to Oil and Gas Authority ("OGA") approval of the interest assignments, OGA approval of the Wressle Field Development Plan, as well as receipt of approvals of certain planning applications and an environmental permit variation. In addition, the Company announces that it has conditionally placed 169,230,770 new shares of no par value in the Company (the "Placing Shares") with institutional and other investors at 1.3p per share (the "Placing Price") to raise £2,200,000 (before expenses). These funds, when combined with the Company's existing cash reserves, will be used to fund the cash the consideration payable by Upland UK under the Wressle Farm-in Agreement and to finance future work on PEDLs 180 and 182, Upland UK's share of funding work on its existing stake in Hardstoft (PEDL 299), on new ventures and on the ongoing costs of running the business. In addition to new and existing institutional and private shareholders and the founding shareholders, as part of the Placing, each of the Directors (Norza Zakaria, Steve Staley, Jeremy King and Bolhassan Di) has subscribed for 56,692,302, 3,461,538, 769,230 and 3,846,160 Placing Shares (respectively).
Bought my first 31,741 shares today. Will top up over the next few months. Got a bit in 88e so putting my faith in Dr Staley!!