REG - Upland Resources Ltd - Strategy/Company/Ops Update

Upland ResourcesAnnouncement

22/01/2024 15:00

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RNS Number : 5009A  Upland Resources Limited  22 January 2024

 

 

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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/ (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 (mailto:bolhassan@uplandbigoil.com.my)

 Gerard Murray COO                gerry.murray@upland.energy (mailto: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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