NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
This announcement is not an offer for sale, or a solicitation of an offer to acquire, securities in any jurisdiction, including in or into the United States, Canada, Australia, or Japan. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.
18 November 2022
UPLAND RESOURCES LIMITED
(“Upland” or the “Company”)
Termination of Farm Out Agreement
As provided in their Farm-Out Agreement announced on 21 July 2022 (the Agreement) UPL (Saouaf) Limited and Upland (N Tunisia) Limited, wholly-owned subsidiaries of the Company, have given Nobel Petroleum USA Inc and Pennpetro Energy plc seven (7) days notice of termination of the Agreement.
The long stop date has passed without certain conditions contained in the Agreement having been fulfilled.
On 21 October 2022, Upland (Saouaf) Limited applied to renew the Saouaf Permit until 22 December 2023. The application is under consideration.
*ENDS*
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014
Upland Resources Limited www.upland.energy
Bolhassan Di, Chairman and CEO Tel: +60 198 861 919
[email protected]
[email protected]
www.upland.energy
Optiva Securities Limited
Christian Dennis (Corporate Broker) Tel: 020 3137 1903
[email protected]
www.optivasecurities.com
Flowcomms Ltd
Sasha Sethi Tel: +44 (0)7891 677441
[email protected]
https://www.flowcomms.com/