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Upland Resources - Capital Network: Overview

Upland Resources (UPL.LON) is an independent oil and gas exploration company run by a highly experienced and well connected management team, executing a strategy of securing low-risk near-term production cash flows in order to fund the acquisition of higher-risk transformative assets. So far Upland Resources has secured one asset onshore UK and is in the process of potentially farming into a second one, also onshore UK. Higher risk assets are being evaluated for potential acquisition in Morocco, Malaysia and elsewhere.
Upland Resources - Capital Network: Overview

In the meantime, management is assessing opportunities to invest low-risk production cash flows, once they have been secured, into potentially higher-risk transformative assets. The two regions being focussed on are onshore Morocco and Sarawak in Malaysia where the current team has experience and connections, though opportunities in other areas are also being assessed.

We understand discussions are underway on a number of potential deals.

Full report is available via Capital Network website
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Upland Resources Timeline

CN Research
February 27 2017

Related Researches

March 05 2018

G3 Exploration (LON:G3E), previously Green Dragon Gas, published an operational update for its Baotian-Qingshan (GGZ) Block, located in the Guizhou Province of Southern China.

December 13 2017

Green Dragon Gas Ltd (LON:GDG) announced its plans to list its production subsidiary on the Hong Kong Stock Exchange as a dividend in specie. This operation requires shareholders’ approval and a vote will take place at the AGM to be held on 20/12/17 at 11:00 am. We expect the details of the listing, in particular the shareholding structure of the listed entity as well as the amount of capital increase, to be released on this occasion. However, the intention is for the company to be debt free as a result which we take as a positive; we keep our 221p valuation unchanged.

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