Upland Resources plc has terminated the offer period relating to an unsolicited approach earlier in the week for a possible takeover, which it rejected. REMOVAL In a statement on 27 October the company said: “The board of Upland now advises that it has received information that has cast significant doubt on the veracity of the […]
Tag: Upland Resources plc
Upland rejects unsolicited takeover offer
Upland Resources plc, partner in the Dunrobin prospect, has “unequivocally rejected” an unsolicited “very preliminary” approach for a possible takeover. ASSETS The South East Asian company holds 32% in the Inner Moray Firth joint venture, with Reabold Resources plc (36%) and Baron Oil (32%). It also has a 25% interest in onshore block SK46c in […]