Upland Resources Limited
UPL.L
London Stock Exchange3.00
GBp
-0.07
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Upland Resources Limited
UPL.L
(London Stock Exchange)
Recent
price
3.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Upland Resources Limited is a Jersey-based upstream oil and gas company focused on exploration and production opportunities in Southeast Asia, primarily Sarawak, Malaysia; it specializes in farm-ins and applications for open acreage in frontier assets with high potential. The company targets oil and gas plays ranging from early-stage exploration to production, with key assets including Block SK334 in northern onshore Sarawak, a 6,685 square kilometer concession awarded in the 2018 Malaysian bid round following a major study that demonstrated high prospectivity; it also holds interests in North Sea Inner Moray Firth and Hardstoft. Founded in 2012 and headquartered at 44 Esplanade, St Helier, Jersey JE4 9WG, with an additional office in Ashbourne, United Kingdom, Upland operates in the energy sector serving strategic partners, regulators, and joint venture participants across Southeast Asia. In a significant recent development announced on November 24, 2025, Upland entered a strategic partnership and framework agreement with Lost Soldier Oil and Gas II Master Series LLC, involving a bilateral USD 8.6 million investment structure; Lost Soldier subscribes for GBP 3.3 million in new Upland shares at 3.3 pence per share (100 million shares under 12-month lock-up), while Upland invests USD 4.3 million in Lost Soldier's Wild Mustang Federal Unit for quarterly cash flows, overriding royalties, and future well participation rights. This collaboration provides technical support in drilling, midstream, and unconventional development, with Lost Soldier holding an option to farm-in up to 20% working interest in Upland's Southeast Asian projects, subject to approvals; additional recent operational advances include partnerships with Huisman Drilling for rig reservation, Vanguard Energy Services, NRG Well Management, and ongoing farm-out proceedings with PETROS, Sarawak's state-owned petroleum company.