attractive risk – reward profile
South east Asia Upstream Oil & Gas Company
Primarily focused on developing Opportunities in Sarawak, Malaysia
Potential to deliver excellent returns to our shareholders
Opening Up SIGNIFICANT opportunities in South-East Asia
Upland Resources Limited is listed on the main market of the London Stock Exchange (Ticker UPL) by way of a standard listing.
The Company is focused on opportunities in South-East Asia with an initial emphasis on Sarawak. Over the last 7 years the Company has developed an opportunity on a block in Northern Sarawak, block SK334.
A major study of block SK334 was awarded to Upland in the 2018 Malaysian bid round. That study is now complete and Upland is in discussion with the regulator to move to Exploration and Production.
Upland has an exceptional team and is working with leading oil and gas contractors to effectively, and with the minimum risk, evolve its prospects.
Upland
Strategy
Upland has a strategy of identifying early stage, frontier assets that have high potential and then developing those assets to a point where commerciality is or is not proven.
In Sarawak, Upland’s work over the last 7 years has shown that there is high prospectivity on Block SK334. As an Exploration and Production company we are now focused on moving SK334 to exploration, appraisal and on success to production.
COMPANY NEWS
Ocr 07, 2024
Sept 30, 2024
Sarawak SK334
Upland is the first UK-listed company to partner with Petroleum Sarawak Berhad (PETROS), the state-owned petroleum company of Sarawak.
The petroleum potential of onshore Sarawak has so far been underexplored but is bound to be significant, being geologically similar to onshore discoveries in Brunei and a very prolific offshore across northern Borneo.