New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (UK£49.2m market cap, or US$66.5m). Announcement • Mar 18
Upland Resources Limited has completed a Follow-on Equity Offering in the amount of £1.31601 million. Upland Resources Limited has completed a Follow-on Equity Offering in the amount of £1.31601 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 42,451,935
Price\Range: £0.031 Announcement • Feb 26
Upland Resources Limited Appoints Dr Ngakan Alit Ascaria as Technical Committee Member, Effective February 26, 2026 Upland Resources Limited announced the appointment of Dr Ngakan Alit Ascaria, Ph.D. as Technical Committee Member to the Company with immediate effect (26 February 2026). Dr Ascaria is a highly accomplished petroleum geoscientist with more than 35 years of experience in exploration, regional basin analysis, carbonate reservoir characterisation and new venture development across Southeast Asia and internationally. His expertise includes play-based exploration, petroleum systems analysis, prospect generation and maturation, static reservoir modelling, and block acquisition evaluation. He currently serves as a senior geoscience adviser to Indonesia's Ministry of Energy and Mineral Resources (ESDM) and SKK Migas, where he contributes to national exploration acceleration initiatives and the technical review of prospective oil and gas blocks for upcoming licensing rounds. As part of government-appointed study teams, he has authored and co-authored comprehensive regional exploration reports covering frontier, deep-water and mature basins across Eastern and Western Indonesia, including the Natuna, Makassar Strait, Sumatra and Papua regions. Dr Ascaria is also a Senior Lecturer at Institut Teknologi Bandung (ITB), where he teaches seismic interpretation, carbonate sedimentology and reservoir modelling. He has supervised and advised over one hundred postgraduate research projects and has acted as co-promotor for doctoral dissertations in petroleum geology and reservoir characterisation. During his industry career, Dr Ascaria has held senior technical and leadership roles with several international and national energy companies, including: Repsol - Exploration Adviser; Talisman Energy - Exploration Manager, New Ventures & Business Development; Premier Oil - New Venture Manager; Pertamina E&P - Senior Geoscientist & Team Leader; Conoco Indonesia Inc. - Regional Geologist; BP Indonesia - Geologist. Throughout his career he has contributed to multiple oil and gas discoveries, including both clastic and carbonate plays, and has led basin-scale evaluations and prospect rankings across Indonesia, Malaysia, Sarawak, Vietnam and the broader Southeast Asia region. His experience spans both conventional and non-conventional plays, fracture basement reservoirs, and deep-water carbonate systems. Dr Ascaria holds a Ph.D. in Geology and an MPhil in Petroleum Geoscience from University College London, United Kingdom. He is widely recognised as a carbonate reservoir specialist, with numerous peer-reviewed publications and conference papers presented at Indonesian Petroleum Association (IPA), EAGE and international industry forums. He was awarded Geoscientist of the Year by Pertamina in 2000. 
