Annual Report and Financial Statements for the period ended 30th June 2018
Upland is pleased to announce the publication of its audited annual report and financial statements for the period ended 30th June 2018 (“2018 Report”), extracts of which are set out below.
The Company’s 2018 Report will be posted to shareholders shortly and it will also be made available on the Company’s website at: http://upland.energy/
In addition, a copy of the 2018 Report will be uploaded to the National Storage Mechanism and will be available for viewing shortly at http://www.morningstar.co.uk/uk/NSM
The auditors, Crowe U.K. LLP, have reported on the 2018 accounts. Their report was unqualified and did not include a reference to any matters to which the auditors draw attention by way of emphasis without qualifying their report.
| Upland Resources Limited | www.upland.energy |
| Steve Staley, CEO | Tel: 07704 974784 [email protected] |
| Optiva Securities Limited | |
| Jeremy King (Corporate Finance) | Tel: 020 3137 1904 [email protected] |
| Christian Dennis (Corporate Broker) | Tel: 020 3137 1903 [email protected] |
| FTI Consulting | |
| Ben Brewerton/Molly Stewart | Tel: +44 (0) 20 3727 1708 [email protected] |
| Flowcomms Ltd | |
| Sasha Sethi | Tel: +44 (0)7891 677441 [email protected] |
Chairman’s Statement
On behalf of the Board of Directors, it gives me great pleasure to present the consolidated financial statements of Upland Resources Limited (the “Group”, the “Company” or “Upland”) for the year ended 30 June 2018.
Upland is a relatively new oil & gas exploration and production company that is building a portfolio of attractive upstream assets.
This has been a very busy year for your Company. Excellent progress has been made on all fronts. Perhaps the most obvious measure of this is the increase in share price from 1.4 p on 30 June 2017 to 3.35 p on 29 June 2018.
During the reporting period, Upland continued to assess a large number of hydrocarbon assets, with a focus on the Company’s core areas of the UK, South East Asia and North Africa. As outlined below, this process has now borne fruit.