REG - Upland Resources Ltd - Petros article of July 20th 2024

Upland ResourcesAnnouncement

22/07/2024 15:45

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RNS Number : 3388X  Upland Resources Limited  22 July 2024

22nd July 2024

 

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

 

 

Petros Article of July 20(th) 2024

 

 

The Company has become aware that Petros, the state oil company of
Sarawak, have posted a news item on their website entitled "REJUVENATING AND
UNLOCKING SARAWAK'S ONSHORE HYDROCARBON POTENTIAL" which can be accessed by
the link below:

Rejuvenating and Unlocking Sarawak's Onshore Hydrocarbon Potential | Petroleum
Sarawak Berhad (PETROS)
(https://www.petroleumsarawak.com/news-media/news-and-events/2024/20-jul-2024-rejuvenating-and-unlocking-sarawaks-onshore-hydrocarbon-potential)

This article notes that Petros is planning technical work on Block SK334 to
enable Petros to offer onshore Block SK334 for competitive bidding to all
interested investors.

 

Following the completion of the Joint Technical Study in December 2023 the
Company has been in communication for some months with the Sarawak government
and Petros pursuing the Company's interest to participate exclusively in a
production sharing arrangement in respect of Block SK334. We are in
continuing communication with the Sarawak State Government, the final
authority for awards of Petroleum Sharing Contracts for Sarawak Onshore
Assets.

 

We will inform the market further in due course.

 

 

For further information, please contact:

 

 Upland Resources Limited    Tel: +60 198  861919

 Bolhassan Di                bolhassan@uplandbigoil.com.my (mailto:bolhassan@uplandbigoil.com.my)

 Chairman and CEO

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

 Albert May CCO              albert.may@upland.energy

                             www.upland.energy (http://www.upland.energy)

 

**ENDS**

 

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