Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
LJA has been in for years. Check back previous RNS
#UPL SK334 licence block has hydrocarbons showing at the surface. Historical studies estimated around 700million barrels in the surrounding areas
Company following every rule and playing by the book as expected.
Historically there has been $30m spent on the licence area already.
700mB of oil was estimated. I'm sure with the studies over the last year they've identified more than that. DYOR.
https://x.com/henrymcivor/status/1717439954895176086?s=20
Upland Resources Limited (LSE: UPL) is pleased to announce that, through its collaborative discussions with the Petroleum Authority of Brunei Darussalam, the Company has recently been advised that gas was discovered in two previously unknown reservoirs in the neighbouring block in Brunei, which is located close to, and has a similar geological context to prospective areas in Block SK334.
High pressure, material gas discovery where gas flared at surface level with further additional formations yet to be tested.
This is a significant derisk to future exploration and significantly enhances prospectivity in Block SK334. Upland is actively evaluating all available data from these wells to help constrain technical risk in Block SK334.
Professor Andrew Hurst, Upland Technical Director commented:
"The presence of previously unrecognised reservoirs and proof of gas migration and trapping in the adjacent Brunei block are key positive indicators of broader hydrocarbon prospectivity in the area."
Bolhassan Di, Upland Chairman and CEO commented:
"We view this development as a material upgrade to Block SK334, correlating key characteristics and understanding of the adjacent block prospectivity, further strengthening our position.
Additionally, gas is a core pillar and major catalyst in Sarawak's roadmap to sustainability. We look forward to updating the market of any further developments."
Upland Resources Limited (LSE: UPL) is pleased to announce that, further to the announcement made on 28th July 2023, the company has now signed a specific Letter of Intent (LOI) for the provision of well planning and drilling services in 2024 with an established and proven upstream partner, NRG Group. This is a critical step forward in the process.
In addition, we are now in the final stages of rig identification for Block SK334, onshore Sarawak.
Upland Resources Limited (LSE: UPL) is pleased to announce that, further to the announcement made on 28th July 2023, the company has now signed a specific Letter of Intent (LOI) for the provision of well planning and drilling services in 2024 with an established and proven upstream partner, NRG Group. This is a critical step forward in the process.
In addition, we are now in the final stages of rig identification for Block SK334, onshore Sarawak.
A lot of new faces in here suddenly have a lot to say.
Stick to the facts, it's an approach and not a bid.
Here's the company website for anyone that wants to look into where we're sitting at the moment.
https://upland.energy/
Ignore the noise, and make your own decisions....
Reminder, if anyone is looking to do some research instead of playing Quincy
https://x.com/Uplandtweets/status/1689177460699455488?s=20
Primary school comeback.
Sadpoint
🔹Finalised prospecting strategy in Limbang & Lawas. Prepared exploration work program for PSC exploration period in PSC
🔹Reservoir engineering, well engineering, field development plan & hydrocarbon evacuation plan – Completed
https://x.com/Uplandtweets/status/1716748688268165374?s=20
Some of the staff working at the moment on this massive project...
Pretty sure they know a lot more than the doom mongers that have decided to infect this board...
Worth googling some of these names.
Managing Director - Datuk Bolhassan Di
Team Leader -Farid Wahid
Project Advisor - Awang Draup,,
Corporate Advisor - Gerrard Murray
Head, Geoscience - Awang Khairul
Geoscience Advisor - Ngadni Temon
Geoscience Advisor - Professor Dr Andrew Hurst
Principal Geologist - Jawati Abu Naim
Principal Geophysicist - Samsudin Hamid
FTG Expert - Dr Amanda Buckingham
Geochem Expert - Dr Khairul Mustapha
Senior Geologist - Roberto Bencini
Senior Geologist - Dr Lorenzo Lipparini
Reservoir Engineer - Glenda Chang
Front End Engineer - Aini Zamri
Head, Admin - Fairuz Ismail
Engineer - Mohalila Jubli
Engineer - Izzah Nilamsyukriyah
Liaison Officer - Kamalmirza Abdullah
Local Coordinator - Ramli @ Narudin Sidi
Legal Advisor - MBNA Solicitors & Advoc
#UPL The fact that our PSC application has been positively received by the regulator is welcomed as we continue on a precise pathway...
Wouldn't surprise me if the signing ceremony has already been arranged..... 😉
25p by Christmas?
• Proposal for SK334 PSC was received positively by PETROS on the 20th Sept
Forward Plan.
• Drafting of JTS Technical Report is expected to be completed by early Nov 2023.
The draft copy will be sent to PETROS for review, before presentational in the
final Technical Workshop, expected in the 3rd week of Nov 2023.
All looking great here and some are having a hard time dealing with that.
What does it mean to be jealous?
- feeling resentment against someone because of that person's rivalry, success, or advantages
Pizza.
Not long until 7am.....
Totally pointless post. I stopped reading at AIM, we are main market. Sit on your hands for more than 5 minutes and reap the rewards.