REG - Upland Resources Ltd - OTCQB Venture Market Application

Upland ResourcesAnnouncement

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RNS Number : 5821V  Upland Resources Limited  06 March 2026

For Immediate Release

Upland Resources Limited

("Upland" or the "Company")

 Application to Trade on the OTCQB Venture Market

 

Upland Resources Limited, (LSE: UPL), the energy company focused on the
development of oil and gas assets in Southeast Asia and the United States,
announces that it has submitted an application for its ordinary shares to be
quoted for trading on the OTCQB Venture Market ("OTCQB") in the United States,
operated by OTC Markets Group Inc.

 

The Company's ordinary shares will continue to trade on the Main Market of the
London Stock Exchange under the ticker UPL.

 

The Directors believe that quotation on the OTCQB will enhance the Company's
visibility among targeted North American investors and provide improved access
for U.S. investors seeking to trade the Company's shares in U.S. dollars
during U.S. market hours.

 

OTCQB Market Quotation

 

The OTCQB quotation will operate as a cross-trading facility and will not
involve the issue of new shares.

 

The Company believes that an OTCQB quotation would:

 

·    Expand the Company's visibility within the North American energy
investment community;

·    Complement the Company's existing London Stock Exchange listing; and

·    Enhance the Company's ability to engage with U.S. capital markets and
energy-focused investors.

 

The application reflects the Company's growing exposure to the United States
energy sector through its strategic partnership with Lost Soldier Oil and Gas,
which provides Upland with participation in the Wild Mustang Federal Unit in
Wyoming, United States. The Wild Mustang project is a large-scale natural gas
discovery with significant resource potential and forms part of the Company's
strategy to diversify its portfolio through high-impact opportunities in
geopolitically stable jurisdictions.

 

Subject to completion of the OTC Markets review process and customary
procedural requirements, the Company currently expects the OTCQB quotation to
become effective within approximately six weeks.

 

Further announcements will be made as appropriate.

 

 Upland Resources Limited                                                                                                                                                                                                       Tel: +60 198 861919
 Bolhassan Di, Chairman and CEO                                                                                                                                                                                                 bolhassan@uplandbigoil.com.my (mailto:bolhassan@uplandbigoil.com.my)

 Gerry Murray, COO                                                                                                                                                                                                              gerry.murray@upland.energy (mailto:gerry.murray@upland.energy)

 Josh Galloway, Head of                                                                                                                                                                                                         josh.galloway@upland.energy (mailto:Josh.galloway@upland.energy)
 Drilling

                                                                                                                                                                                                                                www.upland.energy (http://www.upland.energy)
 Hill Dickinson LLP - Legal Advisers                                                                                                                                                                                            Tel: +44 (0)20 7283 9033

 20 Primrose Street, London, EC2A 2EW.

 

Inside Information (UK MAR)

This announcement contains inside information for the purposes of Article 7
of the UK Market Abuse Regulation (EU) No. 596/2014, which forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").
This information is disclosed in accordance with the Company's obligations
under Article 17 of UK MAR.

FCA and Prospectus Disclaimer

This announcement does not constitute, and should not be construed as, a
prospectus, admission document or offering memorandum, nor an offer to sell or
the solicitation of an offer to buy any securities in the Company. No
securities of the Company are being offered pursuant to this announcement.
This announcement has not been reviewed or approved by the Financial Conduct
Authority or any other regulatory authority.

Forward-Looking Statements

This announcement includes forward-looking statements, including statements
relating to prospective resources, exploration and appraisal programmes,
drilling plans, funding availability, farm-in arrangements, regulatory
outcomes and future operations. Forward-looking statements are based on
current expectations, assumptions and estimates and involve risks and
uncertainties that could cause actual results or developments to differ
materially from those expressed or implied.

Forward-looking statements are not guarantees of future performance. Factors
that could cause actual outcomes to differ materially include, but are not
limited to, licence awards, regulatory approvals, subsurface risk, commodity
price volatility, operational risks, availability of capital, counterparty
performance and changes in fiscal or governmental regimes. The Company
undertakes no obligation to update any forward-looking statements except as
required by applicable law or regulation.

END

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