Oil News16 Apr 2018 11:26
Exciting news from Upland Resources (UPL), which last week announced that it has entered into a Memorandum of Understanding with Brooke Dockyard and Engineering Works Corporation to jointly assess, explore for and develop hydrocarbon assets within the State of Sarawak, Malaysia. The joint venture follows meetings with, and is at the behest of, the Chief Minister and State Secretary of Sarawak and so enjoys the full backing of the State of Sarawak. This deal potentially could move UPL up into a different league entirely and there now is the possibility of quite considerable upside to the share price.