REG - Upland Resources Ltd - Sarawak Drilling Rig Letter of Intent

Upland ResourcesAnnouncement

15/12/2023 07:00

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RNS Number : 9087W  Upland Resources Limited  15 December 2023

 

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15 December 2023

 

 

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

 

Sarawak Drilling Rig Letter of Intent

Upland Resources Limited (LSE: UPL) is pleased to announce that, following a
successful week spent in Sarawak, progressing and finalising the PSC
framework, and further to the announcement made on 4th December 2023, the
company has now signed a specific Letter of Intent (LOI) for the provision of
a new generation drilling rig with a distinguished and renowned partner
Huisman Geo.

 

Huisman bring extensive experience in new generation onshore drilling,
complementing our team as we complete the next steps.

 

Bolhassan Di, Upland Chairman and CEO commented:

"Following a fruitful week spent in Sarawak finessing the PSC framework with
PETROS, focus is now set on drill preparations, well design and land
preparation. We have made tangible progress and laid strong foundations
towards our intended drill campaign. We look forward to increased market
engagement as we continue to scale up operations on Block SK334 in Sarawak."

 

Upland Rig visit - Rotterdam

 

Upland - PETROS - 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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