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Upland Resources ( (GB:UPL) ) has shared an update.
Upland Resources Limited has signed an Asset Acquisition Agreement with Vanguard Drilling Limited to acquire proprietary drilling intellectual property, advanced management systems, and integrate senior personnel. This strategic move enhances Upland’s operational capabilities and positions it as a regional leader in drilling services in Southeast Asia. The acquisition includes Vanguard’s Business Management System and Mission Control Project Management Software, which will improve Upland’s project management and operational efficiency. The establishment of Upland Drilling Services Sarawak will serve as a regional hub, supporting Upland’s growth and providing scalable services across its portfolio, ultimately strengthening its market position and creating long-term value for shareholders.
More about Upland Resources
Upland Resources Limited operates in the energy sector, focusing on oil and gas exploration and production. The company is expanding its capabilities in Southeast Asia, aiming to become a fully integrated operator with a focus on drilling services and technology provision.
Average Trading Volume: 4,581,583
Technical Sentiment Signal: Buy
Current Market Cap: £25.33M
Learn more about UPL stock on TipRanks’ Stock Analysis page.