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:
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Upland Resources Limited |
Tel: +60 198 861919 |
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Bolhassan Di, Chairman and CEO Gerry Murray, COO Josh Galloway, Head of Drilling |
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OAK Securities – Broker |
Tel: +44 (0)20 3973 3678 |
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Jerry Keen Henry Clarke
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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.
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