Termination of Farm Out Agreement
Source: RNS
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18 November 2022
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
Termination of Farm Out Agreement
As provided in their Farm-Out Agreement announced on 21 July 2022 (the Agreement) UPL (Saouaf) Limited and Upland (N Tunisia) Limited, wholly-owned subsidiaries of the Company, have given Nobel Petroleum USA Inc and Pennpetro Energy plc seven (7) days notice of termination of the Agreement.
The long stop date has passed without certain conditions contained in the Agreement having been fulfilled.
On 21 October 2022, Upland (Saouaf) Limited applied to renew the Saouaf Permit until 22 December 2023. The application is under consideration.
*ENDS*
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014
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Upland Resources Limited Bolhassan Di, Non-Executive Chairman and CEO |
Tel: +60 198 861 919
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Optiva Securities - Broker |
Tel: _+44 (0)20 3137 1903 |
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Christian Dennis |
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Flowcomms - IR Contact Sasha Sethi |
Tel: +44 (0)7891 677441 |
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