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Lost Soldier and Upland form $8.6M partnership for oil/gas projects in U.S. and Southeast Asia.
Lost Soldier Oil and Gas II Master Series LLC has formed a strategic partnership with UK-based Upland Resources Limited, involving a combined $8.6 million investment.
Lost Soldier will invest GBP 3.3 million in Upland for 100 million shares at 3.3 pence each, with a 12-month lock-up, while Upland will invest $4.3 million in Lost Soldier’s U.S. Wild Mustang Federal Unit project.
The deal enables Lost Soldier to potentially farm-in to up to 20% working interest in Upland’s Southeast Asia projects, leveraging its expertise in drilling and unconventional gas development.
Upland gains access to technical capabilities for high-pressure gas fields.
Both companies aim to accelerate project development, reduce risk, and create long-term value.
Lost Soldier continues raising capital through a Regulation D 506(c) offering.
Lost Soldier y Upland forman una asociación de $8.6M para proyectos de petróleo y gas en EE.UU. y el sudeste asiático.