Upland Resources Ltd (GB:UPL)
LSE:UPL
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Upland Resources
(LSE:UPL)
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Rating:46Neutral
Price Target:
3.00 p
▲(3.45% Upside)
Action:N/ADate:01/04/26
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.
Positive Factors
Very low reported debt
Zero reported debt materially reduces leverage risk and interest burden, giving management optionality to pursue resource appraisal or development without immediate debt servicing constraints. Over 2–6 months this supports flexibility in financing choices and resilience to commodity cycles.
Negative Factors
No reported revenue
Absence of revenue signals a pre‑commercial or non‑producing profile, meaning the company depends on financing rather than operating cash flow. Over the medium term this raises execution and commercialization risk and constraints on sustaining operations without external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low reported debt
Zero reported debt materially reduces leverage risk and interest burden, giving management optionality to pursue resource appraisal or development without immediate debt servicing constraints. Over 2–6 months this supports flexibility in financing choices and resilience to commodity cycles.
Read all positive factors
Upland Resources (UPL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£56.98M
Dividend YieldN/A
Average Volume (3M)8.37M
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.00
Shares Outstanding1,726,552,900
10 Day Avg. Volume9,546,746
30 Day Avg. Volume8,373,543
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)3.81
Price to Sales (P/S)0.00
P/FCF Ratio-3.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Upland Resources Business Overview & Revenue Model
Company Description
Upland Resources Limited is a principal investment firm specializing in farm-ins and applications for open acreage. The firm seeks to invest in the oil and gas exploration and production sectors. Upland Resources Limited was founded in 2012 and is...
How the Company Makes Money
null...
Upland Resources Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
48
Neutral
Cash Flow
6
Very Negative
| Breakdown | Dec 2024 | Dec 2023 | Dec 2021 | Jun 2020 | Jun 2019 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -709.00 | -454.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.23M | -1.21M | -275.08K | -570.68K | 2.68M |
| Net Income | -1.41M | -1.44M | -494.30K | -789.89K | -719.36K |
Balance Sheet | |||||
| Total Assets | 4.00M | 1.34M | 312.71K | 766.32K | 914.09K |
| Cash, Cash Equivalents and Short-Term Investments | 350.06K | 654.72K | 305.53K | 757.99K | 823.13K |
| Total Debt | 0.00 | 0.00 | 150.00K | 150.00K | 0.00 |
| Total Liabilities | 267.03K | 673.49K | 571.16K | 530.47K | 375.08K |
| Stockholders Equity | 3.73M | 663.13K | -258.45K | 235.84K | 539.00K |
Cash Flow | |||||
| Free Cash Flow | -4.52M | -1.17K | -490.18K | -568.72K | -546.34K |
| Operating Cash Flow | -4.52M | -1.17K | -490.18K | -462.48K | -475.42K |
| Investing Cash Flow | -262.13K | -27.19K | 0.00 | -106.24K | -70.92K |
| Financing Cash Flow | 4.48M | 2.16M | 0.00 | 587.90K | 304.87K |
Upland Resources Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £49.48M | -8.77 | 12.09% | ― | -58.10% | 100.00% | |
67 Neutral | £44.89M | -13.23 | 5.77% | ― | -54.53% | -64.24% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | £71.42M | -1.44 | -57.98% | ― | -35.06% | -550.00% | |
47 Neutral | £34.74M | -1.36 | -31.73% | ― | -2.69% | -5.00% | |
46 Neutral | £56.98M | -3.73 | -47.49% | ― | ― | ― | |
44 Neutral | £35.61M | -16.69 | -6.84% | ― | ― | ― |
* Energy Sector Average
GB:UPL
Upland Resources
3.30
2.07
169.39%
GB:ENW
Enwell Energy
14.00
-5.50
-28.21%
GB:CASP
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2.10
-0.80
-27.59%
GB:JOG
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109.00
-15.50
-12.45%
GB:ZPHR
Zephyr Energy
3.40
-0.55
-13.92%
GB:CHAR
Chariot Oil & Gas
1.21
-0.49
-28.62%
Upland Resources Corporate Events
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Upland Deepens Wild Mustang Gas Bet with Lost Soldier Options Deal
Positive
Mar 6, 2026
Upland Resources has entered a bilateral options agreement with Lost Soldier Oil and Gas and its CEO Marc A. Bruner, giving Upland the right to invest up to US$9.5 million in the Lost Soldier Oil and Gas II Master Series tied to the Wild Mustang g...
Business Operations and StrategyDelistings and Listing Changes
Upland Resources Seeks OTCQB Listing to Boost North American Investor Access
Positive
Mar 6, 2026
Upland Resources has applied to have its ordinary shares quoted on the OTCQB Venture Market in the United States, while retaining its primary listing on the Main Market of the London Stock Exchange under the ticker UPL. The move is intended to exp...
Private Placements and Financing
Upland Resources Directors and Executives Inject £1.1m Through Share Subscriptions
Positive
Feb 27, 2026
Upland Resources Limited has disclosed a series of director and senior management share subscriptions totaling 31,371,428 new ordinary shares at 3.5p each, raising £1,098,000 for the company. The purchases, made in London on 18 February by th...
Business Operations and StrategyExecutive/Board Changes
Upland Resources bolsters Southeast Asia push with senior geoscientist hire
Positive
Feb 26, 2026
Upland Resources has strengthened its technical bench with the appointment of veteran petroleum geoscientist Dr Ngakan Alit Ascaria as a Technical Committee Member, effective immediately. With more than 35 years’ experience in exploration, b...
Business Operations and StrategyPrivate Placements and Financing
Upland Resources Strikes Strategic Aceh Deal for MY1 and MY2 Blocks
Positive
Feb 26, 2026
Upland Resources has signed a strategic Memorandum of Understanding with PT Pembangunan Aceh, the Aceh provincial government-owned energy and mineral investment authority, to collaborate on a feasibility and development plan for the MY1 and MY2 on...
Business Operations and StrategyPrivate Placements and Financing
Upland Resources Raises £2m and Secures US$100m Backing for High-Impact Southeast Asia Blocks
Positive
Feb 18, 2026
Upland Resources has raised approximately £2.0 million through a placing of 57,142,857 new shares at 3.5p, with £1.5 million subscribed by directors, executives and technical staff and £500,000 by strategic existing shareholders. Th...
Business Operations and StrategyPrivate Placements and Financing
Upland Resources raises £2m to fund Southeast Asia onshore expansion
Positive
Feb 17, 2026
Upland Resources has launched a £2 million equity placing at 3.5p per share to finance expansion of its onshore oil and gas portfolio in Southeast Asia, with £500,000 committed by strategic existing investors and around £1.5 million...
Business Operations and StrategyPrivate Placements and Financing
Upland Resources Secures US$100m Funding Pledge for Southeast Asia Expansion
Positive
Jan 23, 2026
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. T...
Business Operations and StrategyExecutive/Board Changes
Upland Resources Brings in Veteran Energy Deal-Maker Marc Bruner as Strategic Advisor
Positive
Jan 22, 2026
Upland Resources Limited has appointed veteran oil and gas executive Marc A. Bruner as Strategic Investment Advisor, bringing more than five decades of experience in founding and scaling major energy companies such as Ultra Petroleum, Pennaco Ener...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.