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Upland Resources Limited: Termination of Farm Out Agreement
Home / Client News / Upland Resources Limited: Termination of Farm Out Agreement

As provided in their Farm-Out Agreement announced on 21 July 2022 (the Agreement) UPL (Saouaf) Limited and Upland (N Tunisia) Limited, wholly-owned subsidiaries of the Company, have given  Nobel Petroleum USA Inc and  Pennpetro Energy plc seven (7) days notice of termination of the Agreement.

The long stop date has passed without certain conditions contained in the Agreement having been fulfilled.

https://www.londonstockexchange.com/news-article/UPL/termination-of-farm-out-agreement/15722703

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