Business
Sarawak January JTS Update
Sarawak January JTS Update.
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 17 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 Sarawak January JTS Update\n \n \n \n Upland Resources Limited (LSE: UPL) is pleased to announce the January workflow update on the SK334 Joint Technical Study ('JTS') activity in Sarawak, Malaysia.\n \n \n It is the belief of the Upland Board of directors that the Company is unequally positioned in the region and that time and resources spent in adding value to the Sarawak SK334 JTS workstream have potential to generate significant returns for shareholders. \n \n \n Investors may also view details related to the Sarawak SK334 JTS workstream in the form of a Monthly Progress Report at the following link shortly:\n \n \n \n https://uplandres.com/presentations/\n \n \n \n In relation to this report, the Company notes the following highlights:\n \n \n ·\n Conclusion of a market survey & screening exercise for seismic data processing on 25th January 2023.\n \n \n \n Geological Study:\n \n \n \n ·\n Ongoing regional and local geology analyses incorporating Bruneian and Malaysian areas.\n \n \n ·\n Submitted Geological Fieldwork Plan to PETROS. The Plan was accepted and agreed by PETROS.\n \n \n ·\n Geological fieldwork planned to be conducted on 16 - 24 February 2023.\n \n \n \n Geophysical Study:\n \n \n \n ·\n Seismic interpretation works ongoing: 4 regional horizons completed. Fault interpretation and detailing ongoing.\n \n \n ·\n Data preparation and integration for FTG evaluation on structural styles, major & minor fault lineaments mainly in areas void of seismic.\n \n \n \n Full Tensor Gradient (FTG) Study:\n \n \n \n ·\n Completed 'inversion' work prior to data modelling work.\n \n \n ...