The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUpland Resource Regulatory News (UPL)

  • This share is currently suspended. It was suspended at a price of 3.225

Share Price Information for Upland Resource (UPL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.225
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 3.225
UPL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sarawak Block SK334 Brunei Collaboration

14 Jul 2023 07:00

RNS Number : 9979F
Upland Resources Limited
14 July 2023
 

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

 

This announcement is not an offer for sale, or a solicitation of an offer to acquire, securities in any jurisdiction, including in or into the United States, Canada, Australia, or Japan. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

 

14 July 2023

 

 

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

 

Sarawak Block SK334 Brunei Collaboration 

 

Upland Resources Limited (LSE: UPL) is pleased to announce that Upland's local Joint Venture company, Upland Big Oil Ventures Sdn Bhd ("UBO") has this week met with the Petroleum Authority of Brunei Darussalam, the central authority regulating the Brunei Darussalam oil and gas industry and also separately with Brunei Energy Services & Trading (BEST) a subsidiary of Brunei's National Oil Company, to discuss collaboration on Block SK334 in Sarawak.

 

Discussions and key areas of focus centered on Block SK334 prospectivity, development potential and cross border data sharing with discoveries in Brunei, communications are set to continue with a focus on this mutually beneficial opportunity and data sharing of nearby discovered resources.

 

The Petroleum Authority of Brunei Darussalam is the regulatory body for the oil and gas industry in Brunei. Brunei Energy Services and Trading is an integrated energy company completely owned by the Government of Brunei, and serves as part of the national oil and gas company. Until July 2020, it was known as Brunei National Petroleum Company and as PetroleumBRUNEI.

 

The oil and gas industry is the main contributor to Brunei Darussalam's growth with a 49.6% share contribution to the country's GDP in 2021.

 

Upland's Block SK334 has a number of areas of specific interest with analogous geological configuration and reservoir/trap/seal combinations as Brunei's nearby Belait formation which is host to a number of proven oil and gas discoveries and oilfields. All parts of the Belait structure connect with potential oil kitchens on both flanks in the Badas and Belait synclines; Upland's SK344 block being immediately adjacent to the Belait syncline is determined to have attractive commercial prospectivity.

 

Key areas of focus as outlined above will be further discussed with the Petroleum Authority of Brunei Darussalam and Brunei Energy Services and Trading in due course. 

 

Photos from the recent engagements will be published on the Upland Resources website.

 

Bolhassan Di, Upland Chairman and CEO commented:

 

"We look forward to developing this relationship in Brunei further, Block SK334 in Sarawak offers transformational potential, sedimentary basins in Sarawak and Brunei are proven prolific hydrocarbon bearing basins. We are steadily building momentum into the next stage of development, final technical workshops and assessment of prospective resources.

 

Separately, we also recognize the two-year extension from our UK North Sea P2478 Dunrobin Prospect, we are working closely with the joint venture partners to realise its inherent value."

 

**ENDS**

 

For further information, please contact:

 

Upland Resources Limited

Bolhassan Di, Chairman and CEO

 

Gerry Murray COO

Tel: +60 198 861 919

bolhassan@uplandres.com

bolhassan@uplandbigoil.com.my

gerry.murray@upland.energy

www.uplandres.com

 

Optiva Securities - Broker

Christian Dennis (Corporate Broker)

Tel: +44 (0)20 3137 1903 christian.dennis@optivasecurities.com

www.optivasecurities.com

 

IR Contacts

 

 

Tel: +44 (0)7891 677441

sasha@flowcomms.com 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCUOOURONUBAUR
Date   Source Headline
19th May 20177:00 amRNSWressle Update: EA Mining Waste Permit Variation
3rd May 20177:00 amRNSWressle Update: New Planning Application
28th Apr 20179:30 amRNSDirector/PDMR Shareholding
19th Apr 20172:00 pmRNSDirector/PDMR Shareholding
11th Apr 20177:00 amRNSWressle Development Update & Start of Appeal
22nd Mar 20177:00 amRNSInterim Results
21st Feb 20172:23 pmRNSVariation of Wressle Farm-in Agreement
16th Feb 20177:00 amRNSDirector/PDMR Shareholding
7th Feb 20177:00 amRNSWressle Development Update
13th Jan 201710:05 amRNSOGA approval for increased stake in PEDL 299
11th Jan 20174:45 pmRNSWressle Planning Decision
16th Dec 20163:36 pmRNSResult of AGM
9th Dec 20167:00 amRNSMajor Shareholding Disclosure - Optiva Securities
6th Dec 20162:13 pmRNSDirector/PDMR Shareholding
5th Dec 20168:27 amRNSMajor Shareholding Disclosure - Norza Zakaria
5th Dec 20167:01 amRNSMajor Shareholding Disclosure - Stephen Staley
1st Dec 20168:18 amRNSCompletion of Placing
29th Nov 20167:00 amRNSPublication of Prospectus
24th Nov 20161:00 pmRNSAcquisition of 10% Interest in Wressle & Placing
22nd Nov 20164:30 pmRNSNotice of AGM
14th Nov 20167:01 amRNSIssue of success fee shares to Highland Geology
31st Oct 20163:20 pmRNSAnnual Report and Financial Statements
6th Oct 20163:07 pmRNSExecution by DECC of East Midlands Licence
4th Oct 20167:00 amRNSIncreased Participating Interest in PEDL 299
20th Jul 20163:49 pmRNSDirector Purchase of Shares
14th Jul 20167:00 amRNSCharitable Donation of Shares by Upland CEO
7th Jul 201611:05 amRNSDirectorate Change
29th Jun 20167:00 amRNSMajor Shareholding in Company
31st Mar 20167:00 amRNSDirector/PDMR Shareholding
30th Mar 20162:30 pmRNSHalf Yearly Report
26th Feb 20167:00 amRNSDisclosure of Home Member State
22nd Dec 20153:40 pmRNSResult of AGM
22nd Dec 20153:30 pmRNSResult of AGM
17th Dec 20152:00 pmRNSAward of UK Onshore Oil & Gas Licence
27th Nov 20155:48 pmRNSFinal Results
27th Nov 20155:36 pmRNSNotice of AGM
30th Oct 20157:00 amRNSTotal Voting Rights
26th Oct 20157:00 amRNSPlacing and Admission to Official List

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.