Client NewsUpland Resources Limited: Sarawak – Completion of JV Agreement
Upland Resources Limited (LSE: UPL) is pleased to announce that, following the completion of the joint venture agreement between Upland’s wholly owned subsidiary Upland Resources (Sarawak) Sdn Bhd (“URS”) and Big Oil Ventures Sdn Bhd (“BOV”), the joint venture partners have agreed on financial terms and have jointly formed new local entity Upland Big Oil Sdn Bhd. BOV and URS will jointly finance the Joint Technical Study, and URS’s forecasted project outlay towards the completion of the study totals $250K.
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