on Lost Soldier Oil & Gas (LON:UPL)
Lost Soldier Forms Strategic Partnership with Upland Resources
Lost Soldier Oil and Gas II Master Series LLC, a Wyoming-based company, has entered into a framework agreement with Upland Resources Limited. The agreement, valued at approximately USD $8.6 million, involves a bilateral strategic investment to foster a broader operational partnership. Lost Soldier will offer technical expertise in drilling and development, with an option to acquire a 20% interest in Upland's Southeast Asian projects.
This collaboration marks a significant milestone for Lost Soldier, providing international oil and gas exposure. Meanwhile, Upland benefits from Lost Soldier's high-pressure gas development experience, aligning with their objectives in Southeast Asia. The initiative aims to deliver sustainable value for shareholders of both companies.
R. H.
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