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Pin to quick picksUpland Resource Regulatory News (UPL)

Share Price Information for Upland Resource (UPL)

London Stock Exchange
Share Price: 1.35
Bid: 1.30
Ask: 1.40
Change: -0.025 (-1.82%)
Spread: 0.10 (7.69%)
Open: 1.375
High: 1.375
Low: 1.35
Yest. Close: 1.375
UPL Live PriceLast checked at -

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Upland Resources Ltd - Board changes

Fri, 6th Jul 2018 15:00

RNS Number : 9098T
Upland Resources Limited
06 July 2018
 

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

This announcement is an advertisement and not a prospectus. 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. Investors should not subscribe for or purchase any transferable securities referred to in this announcement except on the basis of information in the prospectus (the "Prospectus") published by the Company in connection with the Placing and the Wressle Farm-ins as referred to in this announcement.

6th July 2018

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Board changes

 

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, announces that its non-executive chairman, Norza Zakaria, is stepping down from the role following his recent election as President of the Olympic Council of Malaysia.

Norza will have ultimate responsibility for Malaysian participation in both the Olympic and Commonwealth Games, a role which will not leave him sufficient time to devote to Upland.

Bolhassan Di, currently one of the non-executive directors of the Company, will replace Norza as non-executive chairman. Bolhassan was previously an elected member of the Sarawak State Legislative Assembly from 1987 to 2011 and therefore has many years of political and commercial experience within the region. During his long service within the Sarawak State Assembly, Bolhassan held positions as Chairman of the Public Accounts Committee, Assistant Minister in the Sarawak Chief Minister's Department and subsequently Assistant Minister at the Ministry of Infrastructure Development and Communication.

A graduate of the School of Engineering at Sheffield University, Bolhassan began his career in 1979 at Sarawak Shell Bhd. (a subsidiary of Royal Dutch Shell plc) where he gained project planning, design, construction, commissioning and start-up experience in offshore projects. Bolhassan has also has significant oil and gas experience with Shell in South Korea, Singapore, the North Sea and the Netherlands.

Steve Staley, Upland Resources Limited CEO, said:

"On behalf of the board I would like to thank Norza for his very substantial contribution to the success of Upland. We are sorry to see him step down as chairman, but understand that he must devote his time to his new, high profile and demanding role. We are very pleased that Bolhassan has agreed to become our new chairman. His substantial knowledge and experience of the sector will be invaluable to us as progress Sarawak and North Africa and drill the upcoming high impact Wick exploration well."

 

Contact details:-

 

Upland Resources Limited

www.uplandres.com

Steve Staley, CEO

Tel: 07891 677 441  

s.staley@uplandres.com

Optiva Securities Limited

www.optivasecurities.com

Jeremy King (Corporate Finance)

Tel: 020 3137 1904

jeremy.king@optivasecurities.com

Christian Dennis (Corporate Broker)

Tel: 020 3411 1882 christian.dennis@optivasecurities.com

FlowComms Ltd

www.flowcomms.com

Sasha Sethi (Investor Relations)

Tel: 07891 677 441

sasha@flowcomms.com

 

 

Notes

Upland is an upstream oil & gas company whose highly experienced management has a track record of creating major value for shareholders in junior oil & gas companies, including Cove Energy plc. The Company has extensive technical and commercial skills and contacts, management having held senior roles in Petronas, Conoco, Shell etc.

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.
 
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