REG - Upland Resources Ltd - Technical Committee Appointment

Upland ResourcesAnnouncement

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RNS Number : 4430U  Upland Resources Limited  26 February 2026

Upland Resources Limited

("Upland" or the "Company")

Appointment of Dr Ngakan Alit Ascaria as Technical Committee Member

Upland Resources Limited, the oil and gas company focused on opportunities in
Southeast Asia, is pleased to announce the appointment of Dr Ngakan Alit
Ascaria, Ph.D. as Technical Committee Member to the Company with immediate
effect.

Dr Ascaria is a highly accomplished petroleum geoscientist with more than 35
years of experience in exploration, regional basin analysis, carbonate
reservoir characterisation and new venture development across Southeast Asia
and internationally. His expertise includes play-based exploration, petroleum
systems analysis, prospect generation and maturation, static reservoir
modelling, and block acquisition evaluation.

He currently serves as a senior geoscience adviser to Indonesia's Ministry of
Energy and Mineral Resources (ESDM) and SKK Migas, where he contributes to
national exploration acceleration initiatives and the technical review of
prospective oil and gas blocks for upcoming licensing rounds. As part of
government-appointed study teams, he has authored and co-authored
comprehensive regional exploration reports covering frontier, deep-water and
mature basins across Eastern and Western Indonesia, including the Natuna,
Makassar Strait, Sumatra and Papua regions.

Dr Ascaria is also a Senior Lecturer at Institut Teknologi Bandung (ITB),
where he teaches seismic interpretation, carbonate sedimentology and reservoir
modelling. He has supervised and advised over one hundred postgraduate
research projects and has acted as co-promotor for doctoral dissertations in
petroleum geology and reservoir characterisation.

During his industry career, Dr Ascaria has held senior technical and
leadership roles with several international and national energy companies,
including:

·      Repsol - Exploration Adviser

·      Talisman Energy - Exploration Manager, New Ventures &
Business Development

·      Premier Oil - New Venture Manager

·      Pertamina E&P - Senior Geoscientist & Team Leader

·      Conoco Indonesia Inc - Regional Geologist

·      BP Indonesia - Geologist

Throughout his career he has contributed to multiple oil and gas discoveries,
including both clastic and carbonate plays, and has led basin-scale
evaluations and prospect rankings across Indonesia, Malaysia, Sarawak, Vietnam
and the broader Southeast Asia region. His experience spans both conventional
and non-conventional plays, fracture basement reservoirs, and deep-water
carbonate systems.

Dr Ascaria holds a Ph.D. in Geology and an MPhil in Petroleum Geoscience from
University College London, United Kingdom. He is widely recognised as a
carbonate reservoir specialist, with numerous peer-reviewed publications and
conference papers presented at Indonesian Petroleum Association (IPA), EAGE
and international industry forums. He was awarded Geoscientist of the
Year by Pertamina in 2000.

The Board believes that Dr Ascaria's deep technical expertise, extensive
regional knowledge and experience working at both operator and government
advisory level will significantly enhance the Company's technical capabilities
as it advances its strategic objectives in Southeast Asia.

Board Statement

Bolhassan Di, Chairman and CEO of Upland Resources Limited, commented:

"We are delighted to welcome Dr Ascaria to Upland Resources. His exceptional
depth of experience in Southeast Asian petroleum systems, carbonate reservoirs
in Aceh, and new venture evaluation materially strengthens our technical
capability. His regional insight and strategic understanding of basin dynamics
will be invaluable as we continue to evaluate and progress opportunities."

Dr Ascaria commented:

"I am pleased to join Upland Resources as Technical Committee Member at this
important stage in its development. I look forward to contributing my
experience in regional basin evaluation, prospect maturation and carbonate
reservoir characterisation to support the Company's strategic growth in
Southeast Asia.

Furthermore, I look forward to working closely with Dr Razak Damit and Prof
Andrew Hurst as we advance the Company's technical objectives and unlock
further value across the portfolio."

The Board confirms that no further disclosures are required in relation to
this appointment under the UK Listing Rules or the Disclosure Guidance and
Transparency Rules.

About Upland Resources Limited

Upland Resources Limited (LSE: UPL) is an independent upstream oil and gas
company focused on acquiring, developing and operating high-impact onshore
licences in Southeast Asia. The Company's strategy is to build a scalable,
multi-block portfolio in proven hydrocarbon basins, combining exploration
upside with near-term development and production potential.

Upland brings together a multidisciplinary team of technical experts,
geoscientists and operational professionals and leverages partnerships with
regional operators to deliver exploration, appraisal and development success.
The Company is headquartered in Jersey JE4 9WG , with active operations and
licence interests across Sarawak, Indonesia and Brunei.

 

For further information, please contact:

 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)
 OAK Securities - Broker                                                                                                                                                                                                        Tel: +44 (0)20 3973 3678
 Jerry Keen                                                                                                                                                                                                                     jerry.keen@oak-securities.com (mailto:jerry.keen@oak-securities.com)

 Henry Clarke                                                                                                                                                                                                                   henry.clarke@oak-securities.com (mailto:henry.clarke@oak-securities.com)

                                                                                                                                                                                                                                www.oak-securities.com (http://www.oak-securities.com)

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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