Upland Resources Limited NPV (UPL)

Sector:

Financials

1.05p
   
  • Change Today:
      0.025p
  • 52 Week High: 1.85p
  • 52 Week Low: 0.83p
  • Currency: UK Pounds
  • Shares Issued: 1,511.96m
  • Volume: 1,609,380
  • Market Cap: £15.88m

Upland Resources 'encouraged' by unsolicited approaches

By Iain Gilbert

Date: Tuesday 23 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Upstream oil and gas outfit Upland Resources has received several unsolicited approaches from companies looking to pick up a stake in its Tunisian operations.
Upland told investors on Tuesday that it has had "positive meetings" regarding its Saouaf Permit, which includes the Dekrilla gas discovery, which covers 4,000 square kilometres and has been independently estimated to host gas resources of 2trn cubic feet.

The London-listed firm had also met with Petronas, Petroleum Sarawak and its partner Brooke Dockyard and Engineering Works regarding its position in Borneo.

Elsewhere, Upland applied for a "highly prospective" North Sea licence.

Chief executive Steve Staley said: "We are encouraged by industry recognition of the potential of the Saouaf Licence and that ETAP are happy to help us find mutually beneficial investments.

"Good progress continues to be made in Sarawak and we have used the knowledge we have gained in our work on the UK's Inner Moray Firth to guide us to what we believe is attractive North Sea acreage."

As of 1300 BST, Upland shares had picked up 3.38% to 1.84p.

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UPL Market Data

Currency UK Pounds
Share Price 1.05p
Change Today 0.025p
% Change 2.44 %
52 Week High 1.85p
52 Week Low 0.83p
Volume 1,609,380
Shares Issued 1,511.96m
Market Cap £15.88m

UPL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.43% below the market average20.43% below the market average20.43% below the market average20.43% below the market average20.43% below the market average
34.69% below the sector average34.69% below the sector average34.69% below the sector average34.69% below the sector average34.69% below the sector average
Price Trend
41.58% below the market average41.58% below the market average41.58% below the market average41.58% below the market average41.58% below the market average
54.46% below the sector average54.46% below the sector average54.46% below the sector average54.46% below the sector average54.46% below the sector average
Income Not Available
Growth Not Available

UPL Dividends

No dividends found

Trades for 27-Aug-2025

Time Volume / Share Price
16:03 50,000 @ 1.08p
14:26 37,981 @ 1.04p
13:12 49,000 @ 1.04p
10:26 15,000 @ 1.01p
09:37 91,904 @ 1.04p

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