Upland Resources Limited Board changes (9098T)
July 06 2018 - 10:00AM
UK Regulatory
TIDMUPL
RNS Number : 9098T
Upland Resources Limited
06 July 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
This announcement is an advertisement and not a prospectus. This
announcement is not an offer for sale, or a solicitation of an
offer to acquire, securities in any jurisdiction, including in or
into the United States, Canada, Australia, or Japan. Investors
should not subscribe for or purchase any transferable securities
referred to in this announcement except on the basis of information
in the prospectus (the "Prospectus") published by the Company in
connection with the Placing and the Wressle Farm-ins as referred to
in this announcement.
6th July 2018
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
Board changes
Upland Resources Limited (LSE: UPL), the oil and gas company
actively building a portfolio of attractive upstream assets,
announces that its non-executive chairman, Norza Zakaria, is
stepping down from the role following his recent election as
President of the Olympic Council of Malaysia.
Norza will have ultimate responsibility for Malaysian
participation in both the Olympic and Commonwealth Games, a role
which will not leave him sufficient time to devote to Upland.
Bolhassan Di, currently one of the non-executive directors of
the Company, will replace Norza as non-executive chairman.
Bolhassan was previously an elected member of the Sarawak State
Legislative Assembly from 1987 to 2011 and therefore has many years
of political and commercial experience within the region. During
his long service within the Sarawak State Assembly, Bolhassan held
positions as Chairman of the Public Accounts Committee, Assistant
Minister in the Sarawak Chief Minister's Department and
subsequently Assistant Minister at the Ministry of Infrastructure
Development and Communication.
A graduate of the School of Engineering at Sheffield University,
Bolhassan began his career in 1979 at Sarawak Shell Bhd. (a
subsidiary of Royal Dutch Shell plc) where he gained project
planning, design, construction, commissioning and start-up
experience in offshore projects. Bolhassan has also has significant
oil and gas experience with Shell in South Korea, Singapore, the
North Sea and the Netherlands.
Steve Staley, Upland Resources Limited CEO, said:
"On behalf of the board I would like to thank Norza for his very
substantial contribution to the success of Upland. We are sorry to
see him step down as chairman, but understand that he must devote
his time to his new, high profile and demanding role. We are very
pleased that Bolhassan has agreed to become our new chairman. His
substantial knowledge and experience of the sector will be
invaluable to us as progress Sarawak and North Africa and drill the
upcoming high impact Wick exploration well."
Contact details:-
Upland Resources Limited www.uplandres.com
Steve Staley, CEO Tel: 07891 677 441
s.staley@uplandres.com
=========================================================
Optiva Securities Limited www.optivasecurities.com
=========================================================
Jeremy King (Corporate Finance) Tel: 020 3137 1904
jeremy.king@optivasecurities.com
=========================================================
Christian Dennis (Corporate Tel: 020 3411 1882 christian.dennis@optivasecurities.com
Broker)
=========================================================
FlowComms Ltd www.flowcomms.com
=========================================================
Sasha Sethi (Investor Relations) Tel: 07891 677 441
sasha@flowcomms.com
=========================================================
Notes
Upland is an upstream oil & gas company whose highly
experienced management has a track record of creating major value
for shareholders in junior oil & gas companies, including Cove
Energy plc. The Company has extensive technical and commercial
skills and contacts, management having held senior roles in
Petronas, Conoco, Shell etc.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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