{"id":115657,"title":"Upland Resources Ltd (LON:UPL) Market Speculation","publisher":"Share Talk","author":"sharetalk","published":"2024-07-25T07:51:14+00:00","modified":"2024-07-25T07:51:14+00:00","canonical_url":"https://www.share-talk.com/upland-resources-ltd-lonupl-market-speculation/","markdown_url":"https://www.share-talk.com/upland-resources-ltd-lonupl-market-speculation.md","json_url":"https://www.share-talk.com/upland-resources-ltd-lonupl-market-speculation.json","category":"Energy","categories":["Energy"],"tags":["Blackwatch Petroleum Services","Block SK334","Bolhassan Di","gas","North Sea","oil","Saoauf Licence","Sarawak","Share Talk","Tunisia","Tunisian","UPL","Upland Resources","Upland Resources Limited"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/07/a60f6033-db17-4ddb-bb30-f6469011063f.webp?fit=642%2C361&quality=80&ssl=1","format":"news","language":"en-GB","content":"**SK334 Petroleum Sharing Contract**\n\nFurther to the recent RNS, Upland reiterates, the Company has been in communication with the Sarawak State Government, the final authority for Onshore O&G Assets in Sarawak, to secure an interest in a production sharing contract on Block SK334.\n\n**Government Announcement**\n\nBlock SK334 “Petros is wrapping up a Joint Technical Study and we are looking forward to the potential drilling of an exploration well in 2025” (11th October 23).\n\nIn preparation for this, following the completion of the Joint Technical Study, Upland has advanced its preparations to deliver an exploration drilling programme to meet this announcement.\n\nFollowing its application for an exclusive award with the Government and Petros the Company has built an experienced team, made up of local and international experts, who are ready to commence operations on Block SK334.\n\n**Joint Technical Study**\n\nIn the terms and conditions of the signed Joint Technical Study Agreement between Upland and Petros, and as a medium-term strategy, Upland has certain unique advantages over other potential bidders in a competitive bidding process.\n\n**Joint Venture and Funding Partners**\n\nAdditionally, Upland has identified potential partners for funding and operatorship of the SK334 Production Sharing Contract as a long-term strategy.\n\nFor more detailed information, please visit the following links:\n\nhttps://upland.energy/team-for-drill-campaign/\n\n \n\n[https://upland.energy/wp-content/uploads/2024/06/SK334-Progress-Report-June-24.pdf](https://upland.energy/wp-content/uploads/2024/06/SK334-Progress-Report-June-24.pdf)\n\nWe will inform the market further in due course and look forward to meeting shareholders at the Company AGM on Tuesday 30th 2024.\n\nFor further information, please contact:\n\n**Upland Resources Limited**\n\nBolhassan Di\n\nChairman and CEO\n\nGerry Murray COO\n\nAlbert May CCO\n\nTel: +60 198 861919\n\n[bolhassan@uplandbigoil.com.my](mailto:bolhassan@uplandbigoil.com.my)\n\n[gerry.murray@upland.energy](mailto:gerry.murray@upland.energy)\n\n[albert.may@upland.energy](mailto:albert.may@upland.energy)"}