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Upland Resources ( (GB:UPL) ) has provided an announcement.
Upland Resources has secured a US$100 million strategic funding commitment from Wild Mustang Midstream, a subsidiary of Lost Soldier Oil and Gas II Master Series, to back its upstream oil and gas work across Southeast Asia between 2026 and 2030. The capital is earmarked for farm-in arrangements on targeted assets in Sarawak, Brunei and Indonesia, supporting a multi-year programme of up to 10 wells over more than 5 billion boe of gross unrisked prospective and 2C contingent resources, and deepens a strategic framework agreement that combines funding, technical collaboration and operational execution. By pairing Upland’s regional portfolio with Lost Soldier’s capital, drilling rigs and midstream infrastructure, the partnership is designed to significantly enhance Upland’s execution capacity, financial flexibility and competitive positioning as an emerging operator in a region where improving fiscal terms and strong demand are driving renewed interest in both unconventional and stacked conventional plays.
The most recent analyst rating on (GB:UPL) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Upland Resources stock, see the GB:UPL Stock Forecast page.
Spark’s Take on GB:UPL Stock
According to Spark, TipRanks’ AI Analyst, GB:UPL is a Neutral.
The score is primarily held down by weak financial performance—no revenue, ongoing losses, and worsening cash outflows in 2024—implying elevated funding risk. Technicals provide only modest support (price above longer-term averages but soft near-term momentum), while valuation offers limited support given the negative P/E and no dividend yield data.
To see Spark’s full report on GB:UPL stock, click here.
More about Upland Resources
Upland Resources Ltd is an upstream oil and gas company focused on building a scalable portfolio in Southeast Asia, with targeted exploration, appraisal and development activities in Sarawak (Malaysia), Brunei Darussalam and Indonesia. The company aims to leverage technical capability, regional presence and access to capital, including integrated drilling and midstream infrastructure, to advance both conventional and unconventional hydrocarbon prospects across under-explored basins.
Average Trading Volume: 6,459,782
Technical Sentiment Signal: Strong Buy
Current Market Cap: £48.81M
For a thorough assessment of UPL stock, go to TipRanks’ Stock Analysis page.