RBSC

**wbvs** · March 15, 2025, 06:32 AM

UOG PLC A 1/2 in entity....and silence your Critics

**wbvs** · March 15, 2025, 06:41 AM

Petrojam is exporting oil to barbados n Trinidad
it's making money...it's easily valued 200million
USD easily

**wbvs** · March 18, 2025, 01:27 PM

Price: 0.0775

No Opinion

RE: Uog bottom?Today 16:10

47 mill there.

**wbvs** · March 31, 2025, 04:47 AM

https://live.mrf.io/mstore/ee58986/2...=25&fit=bounds

Oil firm gets two-year extension to drill offshore Jamaica

Published:Sunday | March 30, 2025 | 12:09 AMSteven Jackson - Senior Business Reporter
https://jamaica-gleaner.com/sites/de...?itok=boIgN895
United Oil & Gas Plc, UOG, says it has secured a two-year extension to its Walton-Morant licence to explore for oil offshore Jamaica.

The two-year extension gives United Oil, a company based in the United Kingdom, more time to finalise discussions with drilling partners. If the company does not commence drilling within that period, it risks losing the Walton-Morant licence unless granted another extension.

“The extension provides UOG with the security required to advance discussions with farm-in partners and progress technical work, reinforcing the significant exploration potential of this licence,” United Oil CEO Brian Larkin said in a release on Thursday.

Ultimately, the hunt for oil offshore Jamaica requires a partnership with a drilling firm willing to invest about US$30 million to test for oil. United Oil said the talks are confidential.

“With multiple parties now under NDA and re-engagement with previously interested parties, we are well-positioned to secure the right strategic partner to help unlock this asset’s potential. Our current work programme is designed to further de-risk the licence, and with returning sentiment to high-impact frontier exploration opportunities, the Walton-Morant licence stands out as an exceptional investment case,” said Larkin.
Headlines Delivered to Your Inbox

Sign up for The Gleaner’s morning and evening newsletters.
Initially set to expire in January 2026, the licence is now valid until January 2028, granting United Oil leeway to advance exploratory activities and continue the search for farm-in partners. The extension reflects the Jamaican government’s continued support of oil and gas exploration in the region, the company stated.

The Walton-Morant Basin spans 22,400 square kilometres south of Jamaica and is recognised as a high-impact frontier exploration zone. United Oil holds a 100 per cent working interest in the project and has identified promising prospects through extensive seismic data analysis.

United Oil took control of the exploration project in 2020 when it acquired Tullow Oil’s interest in the Walton-Morant licence. Since taking control, United has faced challenges, including sourcing cash for high-impact exploration in the frontier basin, but the company has maintained that Jamaica represents a “multibillion-barrel opportunity” and says it is committed to unlocking the potential of its oil reserves.

United plans to conduct more tests in the basin this year, while continuing geological and geophysical surveys. Progress on these initiatives is expected to bolster investor confidence and attract a drilling partner.

Despite its commitment to the project, United is grappling with financial constraints. The company recently raised approximately

**wbvs** · March 31, 2025, 04:52 AM

Originally posted by wbvs View Post

https://live.mrf.io/mstore/ee58986/2...=25&fit=bounds

Oil firm gets two-year extension to drill offshore Jamaica

Published:Sunday | March 30, 2025 | 12:09 AMSteven Jackson - Senior Business Reporter
https://jamaica-gleaner.com/sites/de...?itok=boIgN895
United Oil & Gas Plc, UOG, says it has secured a two-year extension to its Walton-Morant licence to explore for oil offshore Jamaica.

The two-year extension gives United Oil, a company based in the United Kingdom, more time to finalise discussions with drilling partners. If the company does not commence drilling within that period, it risks losing the Walton-Morant licence unless granted another extension.

“The extension provides UOG with the security required to advance discussions with farm-in partners and progress technical work, reinforcing the significant exploration potential of this licence,” United Oil CEO Brian Larkin said in a release on Thursday.

Ultimately, the hunt for oil offshore Jamaica requires a partnership with a drilling firm willing to invest about US$30 million to test for oil. United Oil said the talks are confidential.

“With multiple parties now under NDA and re-engagement with previously interested parties, we are well-positioned to secure the right strategic partner to help unlock this asset’s potential. Our current work programme is designed to further de-risk the licence, and with returning sentiment to high-impact frontier exploration opportunities, the Walton-Morant licence stands out as an exceptional investment case,” said Larkin.
Headlines Delivered to Your Inbox

Sign up for The Gleaner’s morning and evening newsletters.
Initially set to expire in January 2026, the licence is now valid until January 2028, granting United Oil leeway to advance exploratory activities and continue the search for farm-in partners. The extension reflects the Jamaican government’s continued support of oil and gas exploration in the region, the company stated.

The Walton-Morant Basin spans 22,400 square kilometres south of Jamaica and is recognised as a high-impact frontier exploration zone. United Oil holds a 100 per cent working interest in the project and has identified promising prospects through extensive seismic data analysis.

United Oil took control of the exploration project in 2020 when it acquired Tullow Oil’s interest in the Walton-Morant licence. Since taking control, United has faced challenges, including sourcing cash for high-impact exploration in the frontier basin, but the company has maintained that Jamaica represents a “multibillion-barrel opportunity” and says it is committed to unlocking the potential of its oil reserves.

United plans to conduct more tests in the basin this year, while continuing geological and geophysical surveys. Progress on these initiatives is expected to bolster investor confidence and attract a drilling partner.

Despite its commitment to the project, United is grappling with financial constraints. The company recently raised approximately

United oil do piston core survey and 3d seismic reprocessing 2025; they might do it

**wbvs** · March 31, 2025, 05:02 AM

I'll like to correct Mr Steven Jackon Article...they ente Jamaica 2017 with 20%
attached to license operated by tullow...
5 companies were in Jamaica, Australia
Grippland & finders ,then Sagres then tullow
Then uog plc also they have raised 4 million

**wbvs** · March 31, 2025, 05:04 AM

Originally posted by wbvs View Post

I'll like to correct Mr Steven Jackon Article...they enter Jamaica 2017 with 20%
attached to license operated by tullow...
5 companies were in Jamaica, Australia
Grippland & finders ,then Sagres then tullow
Then uog plc also they have raised 4 million gbp

Just do piston core survey and 3d seismic reprocessing by 2026 January are renege
on contract

**wbvs** · March 31, 2025, 05:22 AM

Rampers on license,no substance...

**wbvs** · March 31, 2025, 03:04 PM

There is no research vessel in Jamaica and wet season runs from June to October while dry season November through may...uog plc
need to allocate funds to a research group for piston core survey and 3 d data reprocessing

RBSC

Announcement

Uog plc

Uog plc

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment