Upland Resources Limited Strategy/Company/Ops Update (5009A)
2024年1月23日 - 12:00AM
RNSを含む英国規制内ニュース (英語)
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RNS Number : 5009A
Upland Resources Limited
22 January 2024
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.
22 January 2024
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
Finance and investment Committee - Strategic focus
Upland Resources Limited (LSE: UPL) is pleased to announce the
formation of a Finance and Investment Committee responsible for
advising the Upland Board of Directors on activities related to the
Company's assets. This underscores the Company's commitment to
effective management on workstreams such as Block SK334.
The Finance and Investment Committee's mandate encompasses a
number of critical functions, including the oversight of joint
venture funding offers which the company has received, preparation
and oversight of formal farm-out proceedings, reviewing strategic
interest on Block SK334 and unsolicited funding/farm-in offers.
The company is now in the clarification stage of the PSC
process, pre drill activities have commenced, a new illustrated
project overview will be outlined to investors in the January
shareholder update.
Upland Resources is well financed to meet its work commitments,
and appreciates the continued support shown from strategic partners
and cornerstone investors.
Members of the Finance and Investment Committee
a. Bolhassan Di - Chairman
b. Dixon Wong
c. Aimi Nasharuddin
d. John Forrest
e. Gerard Murray - Secretary
https://upland.energy/our-team/
Bolhassan Di, Upland Chairman and CEO commented:
"The timely formation of the Financial & Investment
committee underlines the need to address the growing interest from
corporate and institutional entities, this coupled with the
anticipated PSC works leads to what is a busy period ahead. We look
forward to outlining our current work-streams and build up towards
the production profile of block SK334, in Sarawak."
**ENDS**
For further information, please contact:
Upland Resources Limited Tel: +60 198 861 919
Bolhassan Di, Chairman and CEO bolhassan@uplandbigoil.com.my
Gerard Murray COO gerry.murray@upland.energy
Optiva Securities - Broker Tel: +44 (0)20 3137 1903
Christian Dennis christian.dennis@optivasecurities.com
(Corporate Broker) www.optivasecurities.com
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END
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January 22, 2024 10:00 ET (15:00 GMT)
Upland Resources (LSE:UPL)
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