Uog plc

[wbvs]

Am sure as sure piston core Survey is undergoing this month...
You need to raise 17million USD on Market
And do a Joint Venture with PetroJam by nov : may 2026 ExplorerWell
PetroJam can meet you Half Way...A JV...
Show your Critics you got what it takes...
Well comes up 50% in jmd is easily liquidatedto USD not GBP
The jmd appears to be Stable in 150s Range...
Give An Article to JamaicaGleaner Steven Jackson
On piston core vessel ...Piston Core Will
Drive Confidence ...Farm out might have
Failed but 17million usd can be raised
After Piston Core and Propelled yourselves
For start of next dry season to fast track...
Before 17th January 2026...A JV with PCJ.
A Veteran Option...Be Good and Good Luck.

[wbvs]

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

[wbvs]

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

[wbvs]

Price: 0.0775

No Opinion

RE: Uog bottom?Today 16:10

47 mill there.

[wbvs]

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.
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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]

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]

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]

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]

Rampers on license,no substance...

[wbvs]

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

[wbvs]

According to X.com it takes 1 week for piston core survey and 1 month 3D seismic reprocessing at primary colibri prospect Jamaica

[wbvs]

Daryl Vaz gave uog plc a 2 year extension on license over Walton morant in which he stated
,' piston core is required.

[wbvs]

It is easy to do a piston core survey and sampling however 3 D data reprocessing
cost more and takes time...will uog plc only
Satisfy basic requirements and does piston core survey and sampling...with a wild cat
Drilling of a exploratory well a piston core
Is all it takes,to further derisk make it more
Refine a 3 D Seismic reprocessing paints
a clearer picture.however uog plc wants
A strategic partner to do this its possible to
Do a piston corer survey without a strategic partner. TIME WILL TELL

[wbvs]

It is easy to do a piston core survey and sampling however 3 D data reprocessing
cost more and takes time...will uog plc only
Satisfy basic requirements and does piston core survey and sampling...with a wild cat
Drilling of a exploratory well a piston core
Is all it takes,to further derisk make it more
Refine a 3 D Seismic reprocessing paints
a clearer picture.however uog plc wants
A strategic partner to do this its possible to
Do a piston corer survey without a strategic partner. TIME WILL TELL

With a piston core and wild cat drilling
a well can come in play in 3 or 4 weeks

[wbvs]

Estimating the cost of wildcat drilling at the primary Colibri prospect offshore Jamaica, based solely on a piston core survey, involves several assumptions since piston core sampling provides limited data compared to the full scope of drilling an exploration well. Let’s break this down step-by-step with the information available and reasonable industry benchmarks as of April 3, 2025.
Piston core sampling, as planned by United Oil & Gas (UOG) for the Walton-Morant license, involves collecting shallow sediment samples (up to 18 meters deep) from the seabed to analyze for hydrocarbon traces and geotechnical properties. This is a preliminary step, not a substitute for drilling a full wildcat well, which would penetrate thousands of meters to reach potential reservoirs. The piston core survey itself is relatively low-cost—typically ranging from $500,000 to $2 million USD depending on vessel rates, survey duration, and analysis—compared to the tens of millions required for drilling. However, your question seems to ask about the cost of wildcat drilling assuming only piston core data is used to justify it, rather than the survey’s cost alone.
Wildcat drilling costs vary widely based on location, water depth, target depth, rig type, and market conditions. The Colibri prospect lies in the Walton Basin, offshore Jamaica, at a water depth of approximately 750 meters. Industry data suggests offshore wildcat wells in moderate deepwater (500-1,500 meters) typically cost between $50 million and $200 million USD, with the lower end reflecting simpler operations and the higher end accounting for complex logistics or dry-hole scenarios. For context, a 2020 Offshore Technology article notes that large companies can absorb dry holes costing $50 million to $200 million, while smaller firms like UOG often seek partners to mitigate such risks.
Given Colibri’s “drill-ready” status and prior seismic work (2,250 km