REG - Upland Resources Ltd - Sarawak Drilling Letter of Intent

Upland ResourcesAnnouncement

12/10/2023 07:15

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RNS Number : 8526P  Upland Resources Limited  12 October 2023

 

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12 October 2023

 

 

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

 

Sarawak Drilling Letter of Intent

Upland Resources Limited (LSE: UPL) is pleased to announce that, further to
the announcement made on 28th July 2023, the company has now signed a specific
Letter of Intent (LOI) for the provision of well planning and drilling
services in 2024 with an established and proven upstream partner, NRG Group.
This is a critical step forward in the process.

 

In addition, we are now in the final stages of rig identification for Block
SK334, onshore Sarawak.

 

Bolhassan Di, Upland Chairman and CEO commented:

"This is a significant step forward for the company, we are making tangible
progress and laying strong foundations towards our intended drill campaign. We
look forward to increased market engagement as we scale up operations on 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 (mailto:bolhassan@uplandbigoil.com.my)

                                  gerry.murray@upland.energy

 Optiva Securities - Broker       Tel:  +44 (0)20 3137 1903

                                christian.dennis@optivasecurities.com
 Christian Dennis                 (mailto:christian.dennis@optivasecurities.com)
 (Corporate Broker)

                                  www.optivasecurities.com (http://www.optivasecurities.com/)

 

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