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Understanding Upland Resources
Find answers to frequently asked questions about Upland Resources, our portfolio, strategy and operations.
Upland Resources is a UK-listed upstream energy company focused on identifying and advancing high-potential oil and gas opportunities, with a principal focus on South-East Asia.
Upland’s principal activities are focused on South-East Asia, including opportunities in Sarawak, Brunei and Indonesia, alongside exposure to the Lost Soldier development in Wyoming, USA.
Upland has undertaken extensive technical work in northern onshore Sarawak, including Block SK334, and continues to advance opportunities in the region through established local relationships and partnerships.
Upland is progressing upstream opportunities in Aceh, within the North Sumatra petroleum system, working with regional stakeholders as it advances the relevant commercial and licensing arrangements.
Lost Soldier provides Upland with exposure to the Wild Mustang gas development in Wyoming, adding a North American opportunity to the Company’s wider portfolio.
Block SK334 is an approximately 6,685 km² onshore oil and gas block in northern Sarawak, Malaysia, adjacent to Brunei. Upland has completed extensive technical work on the block, including a Joint Technical Study with PETROS, which confirmed its prospectivity within a known working petroleum system.
Upland Resources has 1,726,552,840 ordinary shares in issue. This figure was reported following the March 2026 share admission and remained the figure disclosed by the Company as at 13 May 2026.
Upland’s strategy is centred on disciplined capital allocation, technical evaluation and resource maturation, while advancing selected opportunities capable of delivering meaningful shareholder value.
Upland works with governments, local partners and specialist international contractors to bring together technical, operational and regional expertise across its projects.
Upland Resources Limited is listed on the Main Market of the London Stock Exchange under the ticker UPL and is also quoted on the OTCQB market in the United States under UPLLF.
UBDS is Upland’s integrated drilling and well services initiative, established to strengthen in-house operational capability and reduce reliance on external drilling contractors in Borneo.
Vanguard brings specialist drilling expertise, experienced personnel and operational capability, supporting Upland’s plans to build a more integrated approach to drilling and well delivery.
The Wild Mustang Federal Unit is a natural gas development in Wyoming, USA, in which Upland holds a participation interest through its partnership with Lost Soldier Oil & Gas. The project has estimated resources of approximately 6 Tcf of natural gas, with first commercial gas sales targeted for Q4 2026.
A direct award Production Sharing Contract (PSC) provides the contractual framework through which a company can secure rights to explore for and potentially develop and produce hydrocarbons in a defined area, without progressing through a competitive licensing round. In Aceh, Upland and PEMA have been working towards Heads of Agreement for the potential direct award of a PSC.
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Primarily focused on developing opportunities in South-East Asia. Potential to deliver excellent returns to our shareholders.