Upland Resources Limited (LON: UPL) said construction has begun on Lost Soldier Oil & Gas’s 8-inch gas sales pipeline in Wyoming, with field crews commencing pipeline construction and welding operations.
The infrastructure is intended to provide the route needed to transport natural gas produced from the LSOG development to market.
Pipeline construction is progressing alongside Phase Two of LSOG’s development programme, where drilling operations are also underway.
Upland participates in the project through its wholly owned subsidiary Upland Resources (Wyoming) Ltd.
Chairman and chief executive Datuk Bolhassan Di said the simultaneous progress of pipeline construction and Phase Two drilling represented tangible development activity on the ground.
The company currently expects first gas sales during Q4 2026, although the announcement does not provide details on expected initial production rates, pipeline capacity, contracted gas pricing or the remaining capital expenditure required before sales commence.
For investors, the significance is that LSOG is moving from drilling activity towards the infrastructure required to monetise production. The next important evidence will therefore be completion and commissioning of the pipeline, results from Phase Two drilling and confirmation that gas can begin flowing commercially within the targeted Q4 timetable.
Investor takeaway: LSOG has moved another step towards commercialisation, with construction of its 8-inch gas sales pipeline now underway alongside Phase Two drilling. Upland says first gas sales are targeted for Q4 2026, making completion of the pipeline, drilling progress and connection to market the key near-term catalysts.
