It is the belief of the Upland Board of directors that the Company is unequally positioned in the region and that time and resources spent in adding value to the
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Geological Study: Ongoing regional and local geology analysis.
Successfully conduction of geological fieldwork on 16th to
Geophysical Study: Integration of fieldwork findings and analysis with seismic interpretation. Workstation review planned to be conducted by middle of March.
Data preparation and integration for FTG evaluation on structural styles, major & minor fault lineaments mainly in areas void of seismic.
Full Tensor Gradient (FTG) Study: Ongoing data modelling works.
The Company notes within Block SK334 a number of areas of specific interest with analogous geological configuration and reservoir/trap/seal combinations as
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The Company will advise of a date to hold the planned
Bolhassan Di, Upland Chairman and CEO commented: 'Progress to date on Block SK334 is very encouraging, Integration of fieldwork findings and analysis with seismic interpretation works is now underway, with preliminary identification of prospects and leads depth structure maps for respective seismic horizons also in process.
The Joint Technical Study has identified that key elements of a working petroleum system are likely present on Block SK334 and we look forward to updating the market on the next phase of development.'
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