Upland Resources Limited August JTS Summary (5055M)
15 9월 2023 - 3:00PM
UK Regulatory
TIDMUPL
RNS Number : 5055M
Upland Resources Limited
15 September 2023
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15 September 2023
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
August JTS Summary
Upland Resources Limited (LSE: UPL) is pleased to announce that
further to the update on 23 August 2023 in relation to the Sarawak
Block SK334 Joint Technical Study (JTS) Technical Workshop that the
current monthly shareholder progress report is now accessible on
the Company's website at the following link:
https://upland.energy/presentations/
Highlights & Forward Plan
-- Field Development Plan: Progressing with the notional field
development plan in collaboration with PETROS.
-- Field Development Planning: Concept Select Field Development
planning with PETROS downstream/facilities division to discuss
SK334 field development scheduled early October.
-- Resource Estimates: Methodologies for Volumetric Resource
estimates deliberated and agreed with PETROS, in process of final
completion.
-- Rig Selection: Rig selection process in progress.
-- Future Exploration Plans: Developing prospecting and
exploration strategies in Limbang area as part of SK334 Petroleum
Sharing Contract (PSC) preparation.
-- Petroleum Economics Studies : Now progressing with the Petroleum Economics studies.
-- Assessment of Potential Targets : Actively evaluating Full
Tensor Gravity (FTG) data and geological field-work results to
assess additional potential targets on the eastern flank of Block
SK334 (Lawas area).
Bolhassan Di, Upland Chairman and CEO commented:
"Having successfully completed our geological and geophysical
works, our focus is now firmly on the SK334 Production Sharing
Contract with PETROS.
We look forward to engaging with the PETROS downstream and
facilities division, identifying key hydrocarbon export channels
and critical infrastructure available to Block SK334.
Additionally, we are encouraged by sustained interest from
external parties who wish to collaborate on SK334's PSC.
We will continue to deliver further on these workstreams in the
near term and remain committed to keeping our investors
well-informed."
**ENDS**
For further information, please contact:
Upland Resources Limited Tel: +60 198 861 919
Bolhassan Di, Chairman and CEO bolhassan@uplandbigoil.com.my
gerry.murray@upland.energy
Optiva Securities - Broker Tel: +44 (0)20 3137 1903
Christian Dennis christian.dennis@optivasecurities.com
(Corporate Broker) www.optivasecurities.com
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