Upland Resources Limited Petros article of July 20th 2024
July 22 2024 - 10:35AM
RNS Regulatory News
RNS Number : 3388X
Upland Resources Limited
22 July 2024
22nd July
2024
UPLAND RESOURCES
LIMITED
("Upland" or the
"Company")
Petros Article of July
20th 2024
The Company has become aware that
Petros, the state oil company of Sarawak, have posted a news
item on their website entitled "REJUVENATING AND UNLOCKING
SARAWAK'S ONSHORE HYDROCARBON POTENTIAL" which can be accessed by
the link below:
Rejuvenating and Unlocking Sarawak's Onshore Hydrocarbon Potential
| Petroleum Sarawak Berhad (PETROS)
This article notes that Petros is
planning technical work on Block SK334 to enable Petros to offer
onshore Block SK334 for competitive bidding to all interested
investors.
Following the completion of the
Joint Technical Study in December 2023 the Company has been in
communication for some months with the Sarawak government and
Petros pursuing the Company's interest to participate exclusively
in a production sharing arrangement in respect of Block
SK334. We are in continuing communication with the Sarawak
State Government, the final authority for awards of Petroleum
Sharing Contracts for Sarawak Onshore Assets.
We will inform the market further in
due course.
For
further information, please contact:
**ENDS**
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