- Upland Resources said Thursday it had spudded its Wick exploration well earlier this week.

The company said that drilling of the Wick exploration well had commenced at 00:45 hrs on 25 December.

'Whilst we do not lose sight of the fact that this is an exploration well, with all the geological uncertainties that entails, we believe the Wick prospect is a worthy target that, with drilling success, should produce an economically robust project in a wide range of oil prices and development scenarios,' said Upland's CEO Dr Steve Staley.

At 8:45am: [LON:UPL] Upland Resources Limited share price was +0.2p at 3.4p

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