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CPR - UK License P2478 (Dunrobin)
CPR - UK License P2478 (Dunrobin).
About this update from Upland Resources Ltd
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN\n \n \n \n \n \n \n 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. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.\n \n \n \n \n \n \n \n \n 16 February 2023\n \n \n \n \n \n \n \n \n \n \n \n UPLAND RESOURCES LIMITED\n \n \n \n \n (\"Upland\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n Competent Person's Report on UK License P2478 (\"Dunrobin\")\n \n \n \n Upland Resources Limited (LSE: UPL) is pleased to announce that a copy of a Competent Person's Report (\"CPR\") prepared by the RPS Group (\"RPS\") on UKCS License P2478 for Licence Administrator Reabold Resources Plc, on behalf of the Joint Venture Partners (\"JV Partners\"), in which Upland has a 32% non-operated working interest, can be accessed by link http://www.rns-pdf.londonstockexchange.com/rns/0755Q_1-2023-2-15.pdf and will be published shortly on the Company's website at:\n www.uplandres.com\n \n \n \n \n \n \n Bolhassan Di, Upland Chairman and CEO commented:\n \n \n \n \n \"The independent evaluation of the Dunrobin prospect conducted by RPS group on behalf of the JV Partners has helped validate the material resource potential of the licence and is an essential step in the farmout campaign which is already in-process and which is thus far attracting interest from other industry parties.\n \n \n \n \n The Dunrobin West prospect, proposed as the location of the first exploration well on the licence, would also target 119mmboe aggregate gross unrisked Pmean prospective resources[1] (Upland having a 32% non-operated interest); success at Dunrobin would also significantly derisk the analogous Dunrobin Central, Dunrobin East and Golespie prospects all also hosted within the P2478 licence.\n \n \n \n \n We would like to extend our thanks to our JV Partners, Reabold as Licence Administrator and Baron as lead on the accelerated Phase A work programme and we look forward to continuing the farm-out campa...